Mandatory Special Redemption definition

Mandatory Special Redemption means, as of any date of calculation, any redemption of Bonds which the Commission is obligated to undertake at such time pursuant to the terms of a Series Indenture or Remarketing Indenture, which may be based on the satisfaction of conditions specified in such Series Indenture or Remarketing Indenture, but excluding Mandatory Sinking Account Payments.
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Mandatory Special Redemption means the portion, if any, of the Pre-Funded Amount remaining on deposit in the Pre-Funding Account after giving effect to the acquisition by the Transferor and the conveyance to the Trust of all Subsequent Receivables during the Funding Period, including any such acquisition and conveyance on the date on which the Funding Period ends.
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Mandatory Special Redemption means the prepayment, in part, made to the Class A-1 Noteholders and Class A-2 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 purchase of all Subsequent Contracts, including any such purchase on such date.
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Examples of Mandatory Special Redemption in a sentence

  • The aggregate principal amount of Class A-1 Notes and Class A-2 Notes to be prepaid will be an amount equal to the amount then on deposit in the Pre-Funding Account allocated pro rata; PROVIDED, HOWEVER, in the event the Mandatory Special Redemption Amount is less than $150,000 such amount shall be allocated solely to the Class A-1 Noteholders, pro rata.

  • In addition, a Mandatory Special Redemption Make Whole Amount shall be due and payable by the Issuer to the Noteholders pro rata on the Final Funding Period Payment Date with respect to any Mandatory Special Redemption.

  • Subsequent Receivables, including any such acquisition and conveyance on the date on which the Funding Period ends (such redemption, a "Mandatory Special Redemption").

  • The aggregate principal amount of the Series 2013-1 Notes redeemed in the Mandatory Special Redemption (such amount, the “Mandatory Special Redemption Principal Amount”) shall be equal to the amount remaining on deposit in the Pre-Funding Account on the Final Funding Period Payment Date and shall be deposited in the Series Account for the Series 2013-1 Notes.

  • The aggregate principal amount of the Series 2012-1 Notes redeemed in the Mandatory Special Redemption (such amount, the “Mandatory Special Redemption Principal Amount”) shall be equal to the amount remaining on deposit in the Pre-Funding Account on the Final Funding Period Payment Date and shall be deposited in the Series Account for the Series 2012-1 Notes.

  • The “Mandatory Special Redemption Discount Rate” will be the interpolated “Swap Rate” with a tenor that is equal to the remaining weighted average life of the Mandatory Special Redemption Principal Amount, based on assumed minimum and scheduled principal payments through a repayment on the 24th Payment Date following the Series 2013-1 Closing Date.

  • The amount to be distributed to the holders of the Class A Notes in connection with any Mandatory Special Redemption will equal the remaining Pre-Funded Amount and shall be distributed in the same priority as the Class A-1, Class A-2, Class A-3 and Class A-4 Notes receive monthly principal distributions.The Policy: On the Closing Date, Financial Security Assurance Inc.

  • A notice of redemption given in accordance with a Mandatory Special Redemption shall be mailed on the date set forth in the form of Security.

  • Mandatory Special Redemption The holders of Class A-1 Notes ("CLASS A-1 NOTEHOLDERS") and Class A-2 Notes ("CLASS A-2 NOTEHOLDERS") will be prepaid in part, without premium, 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 purchase of all Subsequent Contracts, including any such purchase on such date (a "MANDATORY SPECIAL REDEMPTION").

  • The “Mandatory Special Redemption Discount Rate” will be the interpolated “Swap Rate” with a tenor that is equal to the remaining weighted average life of the Mandatory Special Redemption Principal Amount, based on assumed minimum and scheduled principal payments through a repayment on the 24th Payment Date following the Closing Date.


More Definitions of Mandatory Special Redemption

Mandatory Special Redemption means the portion, if any, of the Pre-Funded Amount remaining on deposit in the Pre-Funding Account after giving effect to the acquisition by the Transferor and the conveyance to the Trust of all Subsequent Receivables during the Funding Period, including any such acquisition and conveyance on the date on which the Funding Period ends. Annex A - 20
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Mandatory Special Redemption. This term shall have the meaning set forth in Section 313 of this Indenture.
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Mandatory Special Redemption. This term has the meaning set forth in Section 304(c).
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Mandatory Special Redemption means (i) with respect to any Funding Period other than initial Funding Period, the portion, if any, of the Pre-Funded Amount remaining on deposit in the Pre-Funding Account or (ii) with respect to the initial Funding Period, the amount in excess of $53,307,144 remaining on deposit in the Pre-Funding Account, in each case after giving effect to the acquisition by the Transferor and the conveyance to the Trust of all Subsequent Receivables during the Funding Period, including any such acquisition and conveyance on the date on which the Funding Period ends.
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Related to Mandatory Special Redemption

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

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

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

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

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Initial Redemption Date means, with respect to any Note or portion thereof to be redeemed pursuant to Section 3.1(b), the date on or after which such Note or portion thereof may be redeemed as determined by or pursuant to the Indenture or a Note Certificate of Supplemental Indenture.

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

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

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

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

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

  • 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.

  • Optional Redemption Price means $25,000 per share 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 plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • 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.

  • 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;

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

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

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

  • 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;

  • 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.

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

  • 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.

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