Mandatory Repurchase Offer definition

Mandatory Repurchase Offer means an RE Mandatory Repurchase Offer, a CS Mandatory Repurchase Offer or a CP Mandatory Repurchase Offer, as applicable. “Applicable Mandatory Repurchase Offer Proceeds” means RE Mandatory Repurchase Offer Proceeds, CS Mandatory Repurchase Offer Proceeds or CP Mandatory Repurchase Offer Proceeds, as applicable.
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Mandatory Repurchase Offer has the meaning set forth in Section 5.3(a).
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Mandatory Repurchase Offer. The offer price in any Mandatory Repurchase Offer will be equal to the principal amount Notes being repurchased plus accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Net Financing Proceeds or Excess Cash Flow remains after completion of a Mandatory Repurchase Offer, the Company may use such Net Financing Proceeds or Excess Cash Flow for any purpose not otherwise prohibited by this Agreement. Other than as specifically provided in this Section 5.9 any Mandatory Repurchase Offer or purchase of Notes pursuant to this Section 5.9 shall be made pursuant to the provisions of Sections 10.2 through 10.6.
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Examples of Mandatory Repurchase Offer in a sentence

  • By signing this Repurchase Instruction Form, agreement is given to the following: ⚫ I hereby request that my Notes shall be repurchased on the terms set out in the Notice, the Terms and Conditions and this Repurchase Instruction Form; ⚫ I have read and accept the information in the Mandatory Repurchase Offer.

  • Any notice that the Issuer or the Agent shall send to the Bondholders pursuant toClauses 10.3 ( Voluntary total redemption (call option)), 10.4 (Mandatory repurchase due to a Change of Control Event or a Listing Failure Event (put option)), 10.5 (Mandatory Repurchase Offer), paragraph (e) of Clause 13.1.1 and Clauses 16.3, 18.2.1, 18.3.1, 18.4.13 and 19.2 shall also be published by way of press release by the Issuer.

  • The Mandatory Repurchase Offer shall be notified to the Bondholders and the Agent within sixty (60) calendar days after the Restricted ALM Disposal occurred and shall apply to any Restricted ALM Disposals occurring during such sixty (60) day period.

  • To the extent that the aggregate principal amount of Notes of a Series validly tendered or otherwise surrendered in connection with a Mandatory Repurchase Offer is less than the Applicable Mandatory Repurchase Offer Proceeds, the Issuers may, after purchasing all such Notes of such Series validly tendered and not withdrawn, use the remaining Applicable Mandatory Repurchase Offer Proceeds for any purpose not otherwise prohibited by this Indenture.

  • Upon completion of any repurchase of Notes in a Mandatory Repurchase Offer, the amount of Applicable Mandatory Repurchase Offer Proceeds shall be reset at zero.

  • If the Mandatory Repurchase Offer is over-subscribed, the repurchase shall be allocated between Bonds accepted for repurchase by each Bondholder in the Mandatory Repurchase Offer in proportion to the total number of Bonds accepted to be repurchased in the Mandatory Repurchase Offer.

  • The Mandatory Repurchase Offer Notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Mandatory Repurchase Offer.

  • The Guarantor (i) shall not sell, transfer or otherwise dispose of any shares in Dooba Investments or Dooba Properties, and (ii) shall procure that any disposal of ALM Shares by Dooba Investments whereby the value of the ALM Shares held by any Group Company falls below the Outstanding Nominal Amount of the Bonds at such time is made subject to the conditions contained in Clause 10.5 (Mandatory Repurchase Offer).

  • The Issuers shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Mandatory Repurchase Offer.

  • The Mandatory Repurchase Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “ Mandatory Repurchase Offer Period”).


More Definitions of Mandatory Repurchase Offer

Mandatory Repurchase Offer means an IP Sales Mandatory Repurchase Offer or a Spectrum Sales Mandatory Repurchase Offer, as applicable.
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Mandatory Repurchase Offer. The offer price in any Mandatory Repurchase Offer will be equal to the principal amount Notes being repurchased plus accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Net Financing Proceeds or Excess Cash Flow remains after completion of a Mandatory Repurchase Offer, the Company may use such Net Financing Proceeds or Excess Cash Flow for any purpose not otherwise prohibited by this Agreement. Other than as specifically provided in this Section 5.9 any Mandatory Repurchase Offer or purchase of Notes pursuant to this Section 5.9 shall be made pursuant to the provisions of Sections 10.2 through 10.6.
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Related to Mandatory Repurchase Offer

  • Repurchase Offer has the meaning set forth in Section 3.04.

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

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

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.

  • Mandatory Purchase Event means, (i) in connection with the termination of this Agreement due to its expiration as of a Scheduled Termination Date, by the fifteenth (15th) day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than 180 days from the Scheduled Termination Date of this Agreement then in effect, and (b) the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 180 days from the Scheduled Termination Date of this Agreement, or (ii) in connection with the termination of this Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth (15th) day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 180 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of this Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth (15th) day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.

  • Mandatory Purchase means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in connection with a Mandatory Purchase Event.

  • Special Mandatory Redemption has the meaning provided in Section 3.02(a).

  • Special Mandatory Redemption Price has the meaning set forth in Section 4.03(a).

  • Fundamental Change Repurchase Date shall have the meaning specified in Section 15.02(a).

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

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

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider specifying a Mandatory Tender Event and Purchase Date.

  • Asset Sale Offer shall have the meaning specified in Section 4.14.

  • Permitted Offer means a tender offer pursuant to the terms of which the offeror offers to acquire a debt obligation (including a Collateral Loan) in exchange for consideration consisting of (x) Cash in an amount equal to or greater than the full face amount of the debt obligation being exchanged plus any accrued and unpaid interest or (y) other debt obligations that rank pari passu or senior to the debt obligation being exchanged which have a face amount equal to or greater than the full face amount of the debt obligation being exchanged and are eligible to be Collateral Loans plus any accrued and unpaid interest in Cash.

  • Permitted Debt Exchange Offer shall have the meaning provided in Section 2.15(a).