Mandatory Redemption definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Mandatory Redemption. The meaning specified in Section 9.1.

Mandatory Redemption means the prepayment, in part, made to the Noteholders without premium made on the Distribution Date on or immediately following the last day of the Funding Period in the event that any amount remains on deposit in the Pre-Funding Account after giving effect to the acquisition of all Subsequent Contracts, including any such acquisition on such date.

Examples of Mandatory Redemption in a sentence

• Interest accrued with respect to the Fixed Rate Debt shall be calculated on the basis of a 360-day year consisting of twelve 30-day months; provided that if an Optional Redemption, Clean-Up Call Redemption, Tax Redemption, Mandatory Redemption or Re-Pricing occurs on a Business Day that would not otherwise be a Payment Date, interest on such Fixed Rate Debt shall be calculated on the basis of the actual number of days elapsed in the applicable Interest Accrual Period divided by 360.

• Interest accrued with respect to the Fixed Rate Debt shall be calculated on the basis of a 360-day year consisting of twelve 30-day months; provided, that if an Optional Redemption, Clean-Up Call Redemption, Tax Redemption, Mandatory Redemption or Re-Pricing occurs on a Business Day that would not otherwise be a Payment Date, interest on such Fixed Rate Debt shall be calculated on the basis of the actual number of days elapsed in the applicable Interest Accrual Period divided by 360.

More Definitions of Mandatory Redemption

Mandatory Redemption shall have the meaning set forth in Section 7(b).

Mandatory Redemption has the meaning specified in the Officer’s Certificate.

Mandatory Redemption means the ability of the Issuer to redeem the Bonds at its option, as further described in § 4 (2);

Mandatory Redemption means “Mandatory Redemption”, as defined in the New Notes Indenture.

Mandatory Redemption. A redemption of the Debt in accordance with Section 9.1.

Mandatory Redemption has the meaning assigned to such term in Section 4.2(a).

Mandatory Redemption means the circumstances in which the Notes will be redeemed prior to maturity as set out in Condition 8.3;