Mandatory Cash Redemption Amount definition

Mandatory Cash Redemption Amount means, in relation to any Notes falling due for redemption, the greater of (i) the proceeds of redemption or sale of the Assets and the Credit Support Assets realised in accordance with the Programme Deed and the Disposal Method set out in Additional Condition 7(e) and the cash value (to the extent such Assets or Credit Support Assets are cash) less all Expenses incurred by the Issuer, the Trustee and any Secured Agent in connection with such redemption or sale and the mandatory redemption of the Notes plus (if it is payable to the Issuer) or minus (if it is payable by the Issuer) the absolute value of any Aggregate STP and (ii) zero, divided by the number of the Notes falling due for redemption.
Sample 1Sample 2Sample 3
Mandatory Cash Redemption Amount means the greater of (i) the proceeds of redemption or sale of any Affected Assets realised in accordance with the Programme Deed or the cash value (to the extent such Assets are cash) less all Expenses incurred by the Issuer in connection with such redemption or sale and the mandatory redemption of the Notes plus (if it is payable to the Issuer) or minus (if it is payable by the Issuer) the absolute value of any Aggregate STP and (ii) zero, divided by the number of the Notes falling due for redemption (in each case, if such amount is not denominated in the Relevant Currency, converted into the Relevant Currency at the spot rate on any day and at any time, as determined by the Calculation Agent in good faith and a commercially reasonable manner).
Sample 1

Examples of Mandatory Cash Redemption Amount in a sentence

  • For the avoidance of doubt, (a) the Swap Termination Payment may be positive or negative and (b) the amount (if any) by which the Mandatory Cash Redemption Amount calculated without regard to Additional Condition 6(e) exceeds the Mandatory Cash Redemption Amount calculated pursuant to this Additional Condition 4(d) (after the application of Additional Condition 6(e)) shall not form part of the Mandatory Cash Redemption Amount and the Issuer shall owe no debt in respect thereof.

  • If a Noteholder has elected (or has been deemed to have elected) for “Cash Settlement”, the Mandatory Cash Redemption Amount will be rounded down to the nearest whole euro cent and subject to Additional Condition 6(e) ( Application of moneys before enforcement of Security).

  • If, as a result of such write down, the outstanding principal amount of each Note is reduced to an amount equal to or less than zero, then this shall constitute an additional Mandatory Redemption Event following which the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Cash Redemption Amount on the Mandatory Redemption Date.

Related to Mandatory Cash Redemption Amount

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

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

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • 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.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Early Redemption Amount (k means the "Early Redemption Amount (k)" as calculated or, respectively specified by the Calculation Agent pursuant to § 4 (2) of the Special Conditions.

  • Make-Whole Redemption Amount means the sum of:

  • Early Redemption Amount (Tax) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Final Redemption Value means the Underlying Reference Value.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • 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.

  • 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.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Maturity Redemption Payment means an amount per Deposit to which you are entitled on the Maturity Date based on the performance of the Reference Portfolio which is equal to your Principal Amount x (1 + Variable Return).

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

  • Make-Whole Redemption Margin means the margin specified as such in the relevant Final Terms.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of: