Mandatory Redemption Account definition

Mandatory Redemption Account means the account of that name within the Redemption Fund established under, and held by the Fiscal Agent pursuant to, the terms of the Fiscal Agent Agreement.
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Mandatory Redemption Account has the meaning given to such term in Section 8.2.
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Mandatory Redemption Account means the account of that name established under, and held by the Fiscal Agent pursuant to the Fiscal Agent Agreement.
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Examples of Mandatory Redemption Account in a sentence

  • The Mandatory Redemption Account shall at all times be in the exclusive possession of, and under the exclusive dominion and control of, the Trustee.

  • Upon receipt of any such Issuer Order with respect to a mandatory redemption, the Trustee shall establish a non-interest bearing special purpose trust account (the "Mandatory Redemption Account") into which shall be deposited by the Issuer not later than one Business Day prior to the Redemption Date, immediately available amounts to be held by the Trustee and applied to the redemption of such Bonds.

  • All moneys received by the Trustee or any Paying Agent shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but, other than the Mandatory Redemption Account, need not be segregated from other funds except to the extent required by law.

  • As collateral security for the prompt and complete payment and performance when due of all its obligations with respect to the Bonds and under this Indenture, the Issuer has pledged, assigned, hypothecated and transferred to the Trustee for the benefit of the Holders a Lien on and security interest in and to the Mandatory Redemption Account.

  • Each Bond so delivered, redeemed or purchased in accordance with clauses (a) or (b) of this Section 8.04 shall be credited by the Trustee at 100% of the principal amount thereof to the obligation of the Authority with respect to the Mandatory Redemption Account; any excess over such amount shall be credited to such future obligations with respect to the Mandatory Redemption Account in accordance with the instructions of the Company.

  • Sufficients funds shall be transferred to the Mandatory Redemption Account on December I of each year from 1990 through 1998 to effect the redemptions required by Section 8.04 hereof.

  • As American Ref-Fuel Company LLC Indenture collateral security for the prompt and complete payment and performance when due of all its obligations with respect to the Notes and under this Indenture, the Company has pledged, assigned, hypothecated and transferred to the Trustee for the benefit of the Holders a Lien on and security interest in and to the Mandatory Redemption Account.

  • The Trustee shall use the Mandatory Redemption Account to redeem Bonds as required by Section 8.04 hereof.

  • The Trustee shall establish as part of the Bond Fund a Mandatory Redemption Account.

  • If at any time all the Bonds shall have been purchased, redeemed or paid, no further deposits shall be made to the Mandatory Redemption Account.


More Definitions of Mandatory Redemption Account

Mandatory Redemption Account has the meaning given to such term in Section 6.3.
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Related to Mandatory Redemption Account

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

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

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

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • 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.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Special Mandatory Redemption has the meaning set forth in Section 3.07.

  • Special Mandatory Redemption Price means a redemption price equal to 100% of the outstanding aggregate principal amount of the Notes, plus accrued and unpaid interest thereon from the Issue Date to, but excluding, the Special Mandatory Redemption Date as calculated by the Company.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Special Redemption Date has the meaning set forth in Section 10.2.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • 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.

  • 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.

  • 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;

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

  • 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.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • 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;

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Postponed Early Redemption Date means the tenth Business Day following the Early Redemption Date (if any);

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