Conditional Redemption definition

Conditional Redemption means a redemption pursuant to a notice of redemption that provides that such redemption is subject to the occurrence of any event before the date fixed for such redemption as described in such notice of redemption.

Conditional Redemption means a redemption where the Issuer has stated in the redemption notice to the Trustee that the Issuer has retained the right to rescind the redemption, as further described in the Indenture. See the caption “The Bonds—Notice of Redemption” in the Official Statement.

Conditional Redemption has the meaning specified in Section 1104.

Examples of Conditional Redemption in a sentence

• A notice of redemption may provide that it is subject to the occurrence of any event before the date fixed for such redemption as described in such notice ("Conditional Redemption") and such notice of Conditional Redemption shall be of no effect unless all such conditions to the redemption have occurred before such date or have been waived by the Company.

• Further, in the case of a Conditional Redemption, the failure of the Commission to make funds available in part or in whole on or before the redemption date shall not constitute an Event of Default.

• Any Conditional Redemption may be rescinded in whole or in part at any time prior to the redemption date if the Commission delivers a certificate of a Commission Official to the Trustee instructing the Trustee to rescind the redemption notice.

• The failure to redeem any Security subject to a Conditional Redemption is not an Event of Default if any event on which such redemption is so conditioned does not occur and is not waived before the scheduled redemption date.

• A notice of redemption may provide that it is subject to the occurrence of any event before the date fixed for such redemption as described in such notice ("Conditional Redemption"), and such notice of Conditional Redemption shall be of no effect unless all such conditions to the redemption have occurred on or before such date or have been waived by the Company in its sole discretion.

More Definitions of Conditional Redemption

Conditional Redemption means a redemption where the Trustee has stated in the notice of redemption that the redemption is conditioned upon deposit of funds as further described in Section 3.4.

Conditional Redemption means a redemption where the Corporation has stated in the redemption notice to the Trustee that the redemption is conditioned upon certain events, including the deposit of funds.

Conditional Redemption means a redemption in which the Trustee, acting on written instructions set forth in an Officer's Certificate, has stated in the redemption notice to the Owners that (i) the redemption is conditioned upon deposit of funds or (ii) NVTC has retained the right to rescind the redemption, as further described in Section 3.4.

Conditional Redemption means a redemption where the State has stated in the redemption notice to the Trustee that (A) the redemption is conditioned upon deposit of funds or(B) the State has retained the right to rescind the redemption, as further described inSection 6.05.

Conditional Redemption means, in the case of an optional redemption, notice of redemption that states (i) that it is conditioned upon the deposit of moneys, in an amount equal to the amount necessary to effect the redemption, with the Trustee no later than the date that is five (5) Business Days prior to the redemption date or (ii) that the State retains the right to rescind such notice on or prior to the redemption date.

Conditional Redemption means an optional redemption described in Section 3.05 of the Resolution. "Conduit Bonds" means bonds, notes or other obligations issued by a Conduit Issuer to provide proceeds to

Conditional Redemption means an optional redemption described in Section 3.05.