Examples of Mandatory Redemption Date in a sentence
If funds sufficient to pay the special mandatory redemption price of the Notes of a series to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or the Paying Agent on or before such Special Mandatory Redemption Date, on and after such Special Mandatory Redemption Date, the Notes of that series will cease to bear interest.
The Special Mandatory Redemption Date will be a date selected by the Issuer and set forth in the notice of special mandatory redemption and will be no later than 20 days following the Trigger Date, but no earlier than the fifth Business Day following the day the notice of special mandatory redemption is transmitted to Holders of the Notes of the applicable series.
In that event, the Issuer will cause a notice of special mandatory redemption to be transmitted to each Holder of the Notes at its registered address (or delivered by means of publication via DTC) and to the Trustee not later than five Business Days after the Trigger Date, and will redeem the Notes on the Special Mandatory Redemption Date.
The payment of cash pursuant to the Mandatory Redemption shall be payable in full on the Business Day immediately following the Mandatory Redemption Date by wire transfer of immediately available funds in accordance with the Holder’s wire instructions.