Examples of Off Market in a sentence
Citi may, on the Off Market Redemption Trading Day, notify the Holder giving the Off Market Redemption Notice of the Off Market Redemption Price determined by Citi.
The Off Market Redemption Price will be determined by Citi in its absolute discretion, but cannot be less than the lowest Market Price for Sale CitiFirst Instalment MINIs on the Off Market Redemption Trading Day, and is net of the Off Market Redemption Fee.
Holders may also offer to sell their CitiFirst Instalment MINIs to Citi using an Off Market Redemption Notice on or before the Maturity Date but there is no guarantee that an offer to sell under an Off Market Redemption Notice will be accepted.
When the Off Market Redemption Price is then paid by Citi to the Holder, the CitiFirst Instalment MINI will terminate, the amounts owing under the Loan are taken to have been repaid and the Security Interest is discharged, and Citi is entitled to the Underlying Parcel.
If it is accepted, the Holder may not receive the Off Market Redemption Price until 10 Business Days after the Off Market Redemption Trading Day.