Extraordinary Mandatory Redemption definition

Extraordinary Mandatory Redemption means any redemption made pursuant to Section 4.03 of this Indenture.
Sample 1Sample 2
Extraordinary Mandatory Redemption means, with respect to an Applicable Series of Bonds, the mandatory redemption of Bonds of such Series undertaken in accordance with Article IV from the proceeds of insurance or condemnation awards pursuant to Section 6.04(3), upon payment of FHA mortgage insurance benefits pursuant to Section 6.04(4), or as may otherwise be provided in the Applicable Bond Series Certificate;
Sample 1Sample 2
Extraordinary Mandatory Redemption means any redemption made pursuant to Section 701(d) hereof.
Sample 1

Examples of Extraordinary Mandatory Redemption in a sentence

  • After deposits from the Municipal Gross Receipts Tax Income Fund set forth in Paragraph B of this Section, if on any Payment Date the accumulated amount on deposit in the Bond Fund is less than the amount required to make the payments then due on the Bonds, the Paying Agent shall draw upon an amounts in the Extraordinary Mandatory Redemption Fund as hereafter provided in Paragraph L of this Section and then the Reserve Fund as hereafter provided in Paragraph F of this Section.

  • The amount of each series of outstanding Parity Bonds subject to extraordinary mandatory redemption shall be calculated by the Paying Agent as follows: (1) by computing a fraction the numerator of which shall be the amount on deposit in the Extraordinary Mandatory Redemption Fund and the denominator of which shall be the aggregate principal amount of all outstanding Parity Bonds and (2) by multiplying the outstanding amount of each series of Parity Bonds by such fraction.

  • Name Age Relationship to Applicant Please list all family members who are enrolled in college or who will be enrolled in college in the 2020-2021 academic year.

  • The “Town of Silver City, New Mexico Gross Receipts Tax Revenue Bonds, Taxable Series 2022, Extraordinary Mandatory Redemption Fund” to be maintained by the Town.

  • Notwithstanding any termination of this Agreement, any payment of any or all of the Bonds or any discharge of the Indenture, if Bonds are redeemed pursuant to the Extraordinary Mandatory Redemption provisions of Section 4.02(b)(ii) of the Indenture, the Company shall pay all additional amounts required to be paid under Article IV of the Indenture at the time provided therein.

  • The Company shall have and hereby accepts the obligation to prepay Installment Payments with respect to the Bonds to the extent Extraordinary Mandatory Redemption of the Bonds is required pursuant to Section 4.02(b)(ii) of the Indenture.

  • After making the payments or deposits into the Bond Fund, the Reserve Fund and for payment of Parity Bonds or subordinate bonds, required by Paragraphs B, F, G, H & J of this Section, all amounts remaining in the Income Fund shall be transferred to the Extraordinary Mandatory Redemption Fund.

  • The Pledged Revenues and the moneys on deposit in the Municipal Gross Receipts Tax Income Fund, the Bond Fund, the Reserve Fundand the Extraordinary Mandatory Redemption Fund are hereby authorized to be pledged to, and are hereby pledged, and the Town grants a security interest therein and a first lien thereon for, the payment of the principal of and interest on the Bonds, subject to the uses thereof permitted by, and the priorities set forth in, Section 19 of the Bond Ordinance..

  • Annually, on June 1 of each year, the Paying Agent shall determine the amount on deposit in the Extraordinary Mandatory Redemption Fund, which amount (rounded down to the next integral multiple of $5,000) shall be used for extraordinary mandatory redemption of outstanding Parity Bonds on June 1 of such year.

  • Commencing on June 1, 2023 and on each June 1 thereafter, the Bonds shall be subject to extraordinary mandatory redemption by the Town, in one or more units of principal of $5,000 and in inverse order of maturity or such other order of maturities as the Town or the Registrar may determine, from amounts on deposit in the Extraordinary Mandatory Redemption Fund.

Related to Extraordinary Mandatory Redemption

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

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

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

  • 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.

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

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

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

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

  • 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.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

  • Special Redemption Date has the meaning set forth in Section 10.2.

  • Tax Redemption Date means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed for such Tax Redemption pursuant to this Indenture.

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).