Extraordinary Mandatory Redemption definition

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;
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Extraordinary Mandatory Redemption means any redemption made pursuant to Section 4.03 of this Indenture.
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Extraordinary Mandatory Redemption means any redemption made pursuant to Section 701(d) hereof.
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Examples of Extraordinary Mandatory Redemption in a sentence

  • The Company hereby covenants that on or before the 90th day following the date any of the Project Facilities are no longer being operated as qualifying exempt facilities under the Code (unless such facilities have simply ceased to be operated), or such later date as provided in the Indenture, the Company shall cause a related amount of Bonds to be redeemed pursuant to the Extraordinary Mandatory Redemption provision of the Bonds as provided in Section 4.02(b)(ii) of the Indenture.

  • 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.

  • 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 Parties further agree to treat all education records created, disclosed, or maintained under this Agreement, including any personally identifying information, in accordance with the requirements of the Family Educational Right to Privacy Act (FERPA).

  • The 2025 Certificates are subject to Extraordinary Mandatory Redemption in whole in the event that the Lease Term is terminated by reason of the occurrence of an Event of Nonappropriation or an Event of Default under the Lease, as further provided in Section 4.2 of the Indenture.

  • 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(e) of the Indenture, the Company shall pay all additional amounts required to be paid, if any, under Article IV of the Indenture at the time provided therein.

  • On the Extraordinary Mandatory Redemption Date, the Trustee shall, if the Company has provided or caused to be provided adequate funds, (i) pay the Extraordinary Mandatory Purchase Price to the owners of the Bonds being purchased on such date and deliver the Bonds so purchased to the Company or its designee, and (ii) redeem as provided herein all Bonds which have not been purchased by the Company or its designee.

  • The Certificates are subject to Extraordinary Mandatory Redemption in whole in the event that the Lease Term is terminated by reason of the occurrence of an Event of Nonappropriation or an Event of Default under the Lease, as further provided in Section 4.2 of the Indenture.

  • If the Company or its designee exercises such option, the owner of each Bond delivered or deemed delivered for redemption as hereinabove provided agrees, by the delivery of such Bond to the Trustee, or by the failure to physically deliver such Bond, to sell such Bond to the Company or its designee on the Extraordinary Mandatory Redemption Date at the Extraordinary Mandatory Purchase Price in lieu of redemption.

  • The Company's failure to pay amounts required to redeem the Bonds by any Extraordinary Mandatory Redemption Date shall not constitute an event of default by the Company under the Agreement.