Election to Retain definition

Election to Retain means, with respect to a Series 2000 Bond, a form substantially in the form of Exhibit D or, with respect to any Additional Bonds, as established by a Supplemental Indenture.
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Election to Retain means the right of a Beneficial Owner of Floater Certificates to retain Floater Certificates that otherwise would be subject to a mandatory tender and purchase pursuant to clauses (xi) and (xii) of Section 5.2(a), which right must be exercised (A) in the case of a Mandatory Tender Date that is the first Business Day of a Term Period, by 2:30 p.m. on the Business Day preceding such Mandatory Tender Date or (B) otherwise, by 3:00 p.m. on the Business Day that is five Business Days prior to the related Mandatory Tender Date.
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Election to Retain. The meaning specified in Section 9.7(b).
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Examples of Election to Retain in a sentence

  • Any election by a Bondowner to exercise the option to have its Bond or Bonds purchased, or any election by a Bondowner to retain its Bond or Bonds upon any mandatory Tender Date, shall be irrevocable upon delivery to the Tender Agent of the Notice of Election to Tender Bonds (together with, if required at the time of delivery of such notice, the Tendered Bonds) or of the Notice of Election to Retain Bonds, as the case may be.

  • The Tender Agent, to whom a Notice of Election to Tender Bonds or a Notice of Election to Retain Bonds has been delivered, shall determine whether such Notice has been properly completed and such determination shall be binding on the Owner of such Bond.

  • The written portion of such Immediate Notice given by the Tender Agent shall include copies of such Notices of Election to Tender Bonds or Notices of Election to Retain Bonds.

  • The Tender Agent shall promptly return any incomplete or improperly completed Notice of Election to Tender Bonds (together with, if required, the Tendered Bonds) or Notice of Election to Retain Bonds to the Person or Persons submitting such documents.

  • Promptly after the requisite time by which Notices of Election to Retain Bonds are required to be delivered pursuant to Section 302 hereof, the Tender Agent shall give Immediate Notice to the Trustee, the Remarketing Agent, the Credit Enhancer and the Borrower of its receipt of such Notices and specifying the total principal amount of Bonds required to be tendered for purchase on the applicable Tender Date and the aggregate Tender Price therefor.

  • Except for a Conversion Date, the notice shall be accompanied by a form of an Election to Retain.

  • No Holder of any Series shall have any right to retain Bonds of such Series by filing an Election to Retain with respect to the Conversion Date for the Series.

  • With respect to each Mandatory Tender Date, the Holders of any Bonds of such Series shall deliver in transferable form all such Bonds to the Principal Office of the Tender Agent on or before the 15th day next preceding such Mandatory Tender Date, whether or not an Election to Retain is filed.

  • However, because the employee has over five years of service credit, he or she may make an irrevocable election, within 60 days of employment,to remain a member of TRSL by completing Election to Retain Membership (Form 2R).

  • Election to Retain or Return Equipment at End of Basic or Renewal Term...................


More Definitions of Election to Retain

Election to Retain shall have the meaning set forth in Section 3.15(b).
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Election to Retain. The meaning specified in Section 9.8(b). “Eligible Bond Index”: The Xxxxxxx Xxxxx US High Yield Master II Index, Bloomberg ticker HUC0 (or such other nationally recognized high yield index as the Collateral Manager selects and provides notice to the Rating Agencies). “Eligible Custodian”: A custodian that satisfies, mutatis mutandis, the eligibility requirements set out in Section 6.8. “Eligible Institution”: An institution that has (x) a counterparty risk assessment of at least “A2(cr)” or, if such entity does not have a counterparty risk assessment by Moody’s, a long-term senior unsecured debt rating of at least “A2” and a short-term debt rating of at least “P-
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Related to Election to Retain

  • Option to Renew is defined in subsection 6.1 of this Agreement.

  • Election to Terminate means an Election to Terminate substantially in the form of Exhibit H hereto.

  • Election to Participate means an Election to Participate substantially in the form of Exhibit G hereto.

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • Retainer Fee means a fee charged by a retainer health care

  • Election Sign means a sign advertising or promoting the election of a political party or a candidate for public office in a federal, provincial or municipal election;

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Defer means to postpone enrollment or interrupt enrollment in PEBB insurance coverage by a retiree or an eligible survivor.

  • Deferral Notice has the meaning set forth in Section 3(h) hereof.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Section 415 Compensation means with respect to any Plan Year and shall: (a) include amounts accrued to a Participant (regardless of whether he was a Participant during the entire Plan Year and regardless of whether in cash): (i) as wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of his employment with the Companies including but not limited to commissions, compensation for services on the basis of a percentage of profits and bonuses; (ii) for purposes of Subsection (a)(i) above, earned income from sources outside the United States (as defined in Section 911(b) of the Code), whether or not excludible from gross income under Section 911 of the Code or deductible under Section 913 of the Code; (iii) amounts described in Sections 104(a)(3), 105(a) and 115(h) of the Code but only to the extent that these amounts are includible in the gross income of that Participant; and (iv) amounts paid or reimbursed by the Companies for moving expenses incurred by that Participant, but only to the extent that these amounts are not deductible by that Participant under Section 217 of the Code; (b) not include: (i) notwithstanding Subsection (a)(i) above, there shall be excluded from Section 415 Compensation amounts contributed to a plan as contributions to a qualified cash or deferred plan under Section 401(k) of the Code; (ii) other contributions made by a Company to any plan of deferred compensation to the extent that, before the application of the Section 415 of the Code limitations to that plan, the contributions are not includible in the gross income of that Participant for the taxable year in which contributed; in addition, Company contributions made on behalf of that Participant to a simplified employee pension plan described in Section 408(k) of the Code shall not be considered as Section 415 Compensation for the Plan Year in which contributed; additionally, any distributions from a plan of deferred compensation shall not be considered as Section 415 Compensation, regardless of whether such amounts are includible in the gross income of that Participant when distributed; however, any amounts received by that Participant pursuant to an unfunded nonqualified plan shall be considered as Section 415 Compensation in the Plan Year in which such amounts are includible in the gross income of that Participant; and (iii) other amounts which receive special federal income tax benefits, such as premiums for group term life insurance (but only to the extent that the premiums are not includible in the gross income of that Participant); provided, however, that Section 415 Compensation in a Plan Year in excess of one hundred and fifty thousand ($150,000), as adjusted pursuant to Section 401(a)(17) of the Code, shall be disregarded. Notwithstanding anything in this Section 1.36 to the contrary, for Plan Years beginning on or after January 1, 1998, Section 415 Compensation shall include any elective deferral (as defined in Section 402(g) of the Code) and any amount contributed or deferred at the election of the Participant that is not includible in that Participant's gross income by reason of Section 125 or Section 457 of the Code.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Distribution Election With respect to any Series, as specified in the related Supplement.