Class A Mandatory Remarketing definition

Class A Mandatory Remarketing has the meaning set forth in Section 7.1(b).
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Class A Mandatory Remarketing of the Class A Limited Membership Interests in accordance with the terms set forth herein.
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Class A Mandatory Remarketing to set the applicable Class A Preferred Return Rate pursuant to Section 7.1(c)(i). In the event of any Class A Mandatory Remarketing, each holder of Class A Limited Membership Interests hereby agrees that the Company shall have the right to, and the Company shall, enter into a Class A Remarketing Agreement with the Class A Remarketing Agent to effect the sale of the Class A Limited Membership Interests to the Person or Persons providing the Winning Bid Rate in such Class A Mandatory Remarketing, and each holder of Class A Limited Membership Interests shall be bound by the Class A Remarketing Agreement; provided that any Class A Remarketing Agreement shall not obligate any holder to make or provide any representation, warranty, or covenant, or take any action or enter into an agreement other than to sell the Class A Limited Membership Interests, pursuant to a Secondary Purchase Agreement, if there is a successful Class A Mandatory Remarketing.
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Examples of Class A Mandatory Remarketing in a sentence

  • The Class A Remarketing Agent shall request that Bids be received from such Reference Corporate Dealers and all other bidders by 3:00 p.m., New York City time, on the Business Day immediately preceding the relevant Class A Mandatory Remarketing Date.

  • The Class A Remarketing Notice shall set forth such information as is necessary to facilitate the Class A Mandatory Remarketing, including, without limitation, the Class A Remarketing Date and the Class A Mandatory Purchase Price and Preferred Return Capital per Class A Limited Membership Interest.

  • Any Class A Mandatory Remarketing of the Class A Limited Membership Interests shall be conducted pursuant to the provisions of this Section 7.1(c).

  • Any Class A Mandatory Remarketing of the Class A Limited Membership Interests held prior to the second Scheduled Reset Date shall be conducted pursuant to the provisions of this Section 7.1(c).

  • If, in respect of any Class A Reset Date, the Company and the holders of the Class A Limited Membership Interests fail to reach agreement as contemplated by Section 7.1(b), the Company and the Class A Mandatory Remarketing Agents shall promptly enter into a Class A Mandatory Remarketing Agreement to conduct an auction or mandatory remarketing (a “Class A Mandatory Remarketing”) of the Class A Limited Membership Interests in accordance with the terms set forth herein.

  • The Class A Remarketing Notice shall set forth such information as is necessary to facilitate the Class A Mandatory Remarketing, including, without limitation, the Class A Mandatory Purchase Price and Preferred Return Capital per Class A Limited Membership Interest as determined pursuant to Section 7.1(e)(iii) and the applicable formula for determining the Class A Optional Make Whole Amount, if any, applicable to such Class A Limited Membership Interests being remarketed.

  • For the avoidance of doubt, the Class A Mandatory Purchase Price and Preferred Return Capital per Class A Limited Membership Interest being remarketed pursuant to Section 7.2 shall be determined pursuant to (x) in the case of a Class A Mandatory Remarketing, Section 7.1(e)(i), and (y) in the case of a Class A Interim Remarketing, Section 7.1(e)(ii).

  • A Class A Remarketing Report prepared in accordance with this Section 9.2(d) shall be prepared and delivered to the Class A Limited Members on each Class A Mandatory Remarketing Date irrespective of whether or not the Class A Mandatory Remarketing on such Class A Mandatory Remarketing Date is successful.

Related to Class A Mandatory Remarketing

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Special Mandatory Redemption has the meaning provided in Section 3.02(a).

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Special Mandatory Redemption Price has the meaning set forth in Section 4.03(a).

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Mandatory Tender Date means any date on which a Multi-Modal Bond is subject to mandatory tender in accordance with the Certificate.

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

  • Class A Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class A note interest rates for the related accrual period on the aggregate outstanding principal balances of all classes of class A notes on the immediately preceding distribution date, after giving effect to all principal distributions to class A noteholders on that preceding distribution date; and • the Class A Note Interest Shortfall for that distribution date.

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Class A-4 Final Distribution Date means the April 2027 Distribution Date.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Class B Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class B note rate for the related accrual period on the outstanding principal balance of the class B notes on the immediately preceding distribution date, after giving effect to all principal distributions to class B noteholders on that preceding distribution date, and • the Class B Note Interest Shortfall for that distribution date.

  • Class A Noteholders’ Interest Distributable Amount means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Interest Distributable Amount for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class A Non-PO Principal Distribution Amount As to any Distribution Date, the aggregate amount distributed in respect of the Class A Certificates pursuant to Paragraph third clause (A) of Section 4.01(a).

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).