First Optional Redemption Date definition

First Optional Redemption Date means [insert the date of first dividend payment date that occurs five years after the Original Issue Date].

First Optional Redemption Date means the December 1 occurring in the year which is a number of years after the Conversion Date equal to the number of years between the December 1 immediately following the Conversion Date (unless the Conversion Date is December 1, in which case from such December 1) and December 1, 2016, multiplied by 1/2 and rounded up to the nearest whole number.

First Optional Redemption Date means the first day of the 120th calendar month from the beginning of such Long Term Period.

Examples of First Optional Redemption Date in a sentence

• If on the First Optional Redemption Date (as defined in Condition 6 (Redemption)) the Notes of any Class have not been redeemed in full, the margin on each Class of Notes (other than the Class E Notes) will increase.

• No guarantee can be given that the Issuer will exercise its option or that there will be a third party purchaser and therefore that the Notes will be redeemed on such First Optional Redemption Date or any Quarterly Payment Date thereafter.

• In accordance with the provisions of Conditions 4, 6 and 9 and the Trust Deed the right to payment of principal on the Class B Notes will be subordinated to, inter alia payments of principal amounts and following delivery of an Enforcement Notice interest amounts in respect of the Class A Notes, and as from but excluding the First Optional Redemption Date, the Class A Excess Consideration Revenue Shortfall Amount payable in respect of the Class A Notes if applicable.

• There is no certainty that Heartland will choose to repay the Notes:• on the First Optional Redemption Date or any Interest Payment Date after that date; and/or• if a Tax Event or Regulatory Event has occurred, or that Heartland will be able to satisfy the conditions that apply to early repayment.

• Accordingly, the Issuer may or may not have an incentive to exercise its right to redeem the Notes (other than the Class E Notes) on the First Optional Redemption Date or any Notes Payment Date thereafter.

More Definitions of First Optional Redemption Date

First Optional Redemption Date means, with respect to a Long Term Period less than or equal to 5 years, the first day of the 24th calendar month from the beginning of such Long Term Period; with respect to a Long Term Period greater than 5 years but less than or equal to 10 years, the first day of the 60th calendar month from the beginning of such Long Term Period; and with respect to a Long Term Period greater than 10 years, the first day of the 72nd calendar month from the beginning of such Long Term Period.

First Optional Redemption Date means the date falling not earlier than five (5) years from the date of the issuance of the Subordinated Notes.

First Optional Redemption Date means the date specified as such in the Pricing Schedule;

First Optional Redemption Date means, with respect to a Long Term Period less than or equal to five years, the first day of the 24th calendar month from the beginning of such Long Term Period, with respect to a Long Term Period greater than five years but less than or equal to ten years, the first day of the 60th calendar month from the beginning of such Long Term Period, and with respect to a Long Term Period greater than ten years, the first day of the 84th calendar month from the beginning of such Long Term Period.

First Optional Redemption Date means, with respect to a Long Term Period less than or equal to 5 years, the first day of the 24th calendar month of such Long Term Period (including the month in which such Long Term Period commences), with respect to a Long Term Period greater than 5 years but less than or equal to 10 years, the first day of the 60th calendar month of such Long Term Period (including the month in which such Long Term Period commences), and with respect to a Long Term Period greater than 10 years, the first day of the 72nd calendar month of such Long Term Period (including the month in which such Long Term Period commences). In the event any of the Bonds or portions thereof are called for redemption as aforesaid, notice of the call for redemption, identifying the Bonds or portions thereof to be redeemed, shall be given by the Trustee by (i) mailing a copy of the redemption notice by first class mail at least 30 days but not more than 60 days prior to the date fixed for redemption to the Registered Owner of each Bond to be redeemed in whole or in part at the address shown on the registration books and (ii) by registered or certified mail or overnight delivery service at least 30 days prior to the date fixed for redemption to certain registered securities depositories. Any notice mailed as provided above shall be conclusively presumed to have been duly given, whether or not the Registered Owner receives the notice. Notwithstanding the foregoing, the notice requirements contained in the first sentence of this paragraph may be deemed satisfied with respect to a transferee of a Bond which has been purchased pursuant to the Demand Purchase Option after such Bond has previously been called for redemption, notwithstanding the failure to satisfy the notice requirements of the first sentence of this paragraph with respect to such transferee, as more fully provided in the Indenture.

First Optional Redemption Date means the earlier to occur of the April 1 occurring in the year which is (i) at least ten (10) full years after the Fixed Interest Rate Commencement Date or (ii) a number of years after the Fixed Interest Rate Commencement Date equal to the number of full years between the Fixed Interest Rate Commencement Date and the maturity date of the Refunding Bonds, multiplied by 1/2 and rounded up to the nearest whole number.

First Optional Redemption Date means 27 June 2029; “First Reset Date” means 27 September 2029;