Make-Whole Redemption Price definition
Make-Whole Redemption Price shall have the meaning set forth in Section 3.01(a).
Make-Whole Redemption Price has the meaning given to such term in Section 4.1.
Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;
Examples of Make-Whole Redemption Price in a sentence
Redemption may occur (i) at any time prior to the Par Call Date (as defined below) at the Make-Whole Redemption Price (as defined below) or (ii) on or after the Par Call Date at a redemption price equal to 100% of the principal amount of the Securities to be redeemed (the “Par Redemption Price”).
More Definitions of Make-Whole Redemption Price
Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes.
Make-Whole Redemption Price means the sum of the present values of the principal amount of the Junior Subordinated Debentures being redeemed and each scheduled payment of interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) from the Redemption Date to and including September 15, 2013, discounted to the Redemption Date from September 15, 2013 or the applicable Interest Payment Date on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus 0.50%.
Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.
Make-Whole Redemption Price is defined in Section 4(c).
Make-Whole Redemption Price means, with respect to a redemption of the Debentures in whole or in part, the present value of a principal payment on June 15, 2017 and scheduled payments of interest that would have accrued from the Redemption Date to June 15, 2017 on the Debentures being redeemed, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate (as determined and provided to the Issuer by the Treasury Dealer) plus the Applicable Spread, plus accrued and unpaid interest to the Redemption Date.
Make-Whole Redemption Price means in respect of Bonds to be redeemed, an amount equal to the higher of (i) 100 per cent. of the outstanding principal amount of such Bonds and (ii) the sum, as determined by the Determination Agent, of the present values of the remaining scheduled payments of principal and interest on the Bonds to be redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the date fixed for redemption on an annual basis (based on the actual number of days elapsed) at the Reference Bond Rate plus the Redemption Margin;
Make-Whole Redemption Price has the meaning specified in Section 11.12(a).