Applicable Redemption Premium means, with respect to any Note on any redemption date, the greater of:
Applicable Redemption Premium as used in section IV of Exhibit C of the Financing Agreement with respect to any maturity of the School District Bonds to be redeemed shall be the redemption premium specified in Schedule A for such maturity for such date. Pursuant to Section 3.3(B) of the Financing Agreement the School District shall pay all costs and expenses of the Authority in effecting the redemption of any Authority Bonds that are redeemed due to the redemption of any School District Bonds (including interest accruing on the Authority Bonds to the date of redemption of the Authority Bonds).
Examples of Applicable Redemption Premium in a sentence
At any time prior to November 1, 2028, the Issuer may on any one or more occasions redeem all or a part of the Notes, upon not less than 10 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Redemption Premium as of, and accrued and unpaid interest, if any, to the date of redemption.
More Definitions of Applicable Redemption Premium
Applicable Redemption Premium means, with respect to any Note on any Redemption Date, the greater of (i) 1.0% of the principal amount of such Note; and (ii) the excess of (A) the present value at such Redemption Date of the Redemption Price of such Note at May 15, 2019 (such Redemption Price being set forth in the table appearing below in (c)), plus all required interest payments that would otherwise be due to be paid on such Note during the period between the Redemption Date and May 15, 2019 (excluding accrued but unpaid interest), computed using a discount rate equal to the Treasury Rate at such Redemption Date plus 50 basis points, over (B) the outstanding principal amount of the Note.
Applicable Redemption Premium means, with respect to any Redemption Date:
Applicable Redemption Premium means, with respect to any Note on any Redemption Date, the greater of (i) 1.0% of the principal amount of such Note; and (ii) the excess of (A) the present value at such Redemption Date of the Redemption Price of such Note at June 30, 2017 (such Redemption Price being set forth in the table appearing below in (c)), plus all required interest payments that would otherwise be due to be paid on such Note during the period between the Redemption Date and June 30, 2017 (excluding accrued but unpaid interest), computed using a discount rate equal to the Bund Rate at such Redemption Date plus 50 basis points, over (B) the outstanding principal amount of the Note.
Applicable Redemption Premium means on any redemption date prior to March 1, 2024, the greater of: (a) one percent of the principal amount of such Note and (b) the excess of: (i) the present value at such redemption date of the redemption price of such Note at March 1, 2024, plus all required interest payments that would otherwise be due to be paid on such Note during the period between the redemption date and March 1, 2024, excluding accrued but unpaid interest, computed using a discount rate equal to the Treasury Rate at such redemption date plus 50 basis points, over (ii) the principal amount of such Note on such redemption date. For the avoidance of doubt, calculation of the Applicable Redemption Premium shall not be a duty or obligation of the Trustee or any Agent.
Applicable Redemption Premium means, with respect to a Note on any redemption date prior to 2 September 2019, the greater of (a) one per cent. of the principal amount of such Note on such redemption date and (b) the excess of:
Applicable Redemption Premium means, with respect to any Series A Debenture on any redemption date, the greater of: (i) 1.0% of the principal amount of the Series A Debenture; and (ii) the excess of: (A) the Discounted Value at such redemption date of the Remaining Scheduled Payments of such Series A Debenture, determined by discounting, on a semi-annual basis, such amounts from the dates on which they would have been payable at a rate equal to the Reinvestment Yield; and (B) the principal amount of the Series A Debenture;
Applicable Redemption Premium means, (i) with respect to any redemption of Exchange Notes occurring in the first year following the fifth anniversary of the Closing Date, a redemption premium equal to 50.0% of the interest rate borne by the Exchange Notes, (ii) with respect to any redemption of Exchange Notes occurring in the second year following the fifth anniversary of the Closing Date, a redemption premium equal to 33.3% of the interest rate borne by the Exchange Notes, (iii) with respect to any redemption of Exchange Notes occurring in the third year following the fifth anniversary of the Closing Date, a redemption premium equal to 16.6% of the interest rate borne by the Exchange Notes and (iv) with respect to any redemption of Exchange Notes occurring in or after the fourth year following the fifth anniversary of the Closing Date, a redemption premium equal to 0.0% of the interest rate borne by the Exchange Notes.