Optional Redemption Account definition

Optional Redemption Account means the account by that name in the Redemption Fund established pursuant to Section 5.06.
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Optional Redemption Account means the account of that name established under, and held by the Fiscal Agent pursuant to, the provisions of the Fiscal Agent Agreement.
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Optional Redemption Account means the account by that name in the Redemption Fund established pursuant to Section 5.05 hereof.
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Examples of Optional Redemption Account in a sentence

  • Within the Redemption Fund, an Optional Redemption Account, a Sinking Fund Redemption Account, and a Mandatory Redemption Account were created.

  • There is hereby established as a separate fund to be held by the Fiscal Agent, the “Redemption Fund” (in which there shall be established and created an Optional Redemption Account and a Special Mandatory Redemption Account), to the credit of which the District or the City on behalf of the District, shall deposit, immediately upon receipt, all Redemption Revenues received by the District or the City on behalf of the District.

  • Within the Redemption Fund, an Optional Redemption Account, Sinking Fund, Redemption Account, and Mandatory Redemption Account were created.

  • The City may at any time deposit moneys into the Optional Redemption Account for the purposes of redeeming Bonds in accordance with the terms of Section 4.01(a).

  • The Trustee shall establish and maintain within the Redemption Fund (which the Trustee shall establish, maintain and hold in trust) a separate Optional Redemption Account and a separate Special Redemption Account.

  • The Trustee shall establish and maintain within the Redemption Fund (which the Trustee shall establish when needed, maintain and hold in trust) a separate Optional Redemption Account.

  • The Issuer hereby transfers to the Indenture Trustee the sole and exclusive dominion over and control of the Optional Redemption Account.

  • The Authority may at any time deposit moneys into the Optional Redemption Account for the purposes of redeeming Bonds in accordance with the terms of Section 4.01(c).

  • The Issuer has established or caused to be established and maintained with the Indenture Trustee an optional redemption account identified as such on Schedule I to this Indenture (such account, or any successor optional redemption account established pursuant to this Indenture, together with all Collections, moneys, instruments and other property from time to time deposited therein, the "Optional Redemption Account"), which is a segregated trust account of the Issuer in the name of the Indenture Trustee.

  • The Authority shall deposit all other proceeds derived from the sale of the Series 2021A Bonds which are not deposited in the Reserve Fund or Cost of Issuance Fund in the Optional Redemption Account of the Redemption Fund, which is hereby created, to be applied to the redemption of the Series 2011A Bonds.


More Definitions of Optional Redemption Account

Optional Redemption Account means the Account so designated which is created and established by Section 4.1 of the Single Lot Resolution, pursuant to the General Bond Resolution.
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Optional Redemption Account means the special account by that name created pursuant to Section 4.6 hereof.
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Optional Redemption Account means the Account so designated which is established and created by the 1976 General Resolution.
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Optional Redemption Account. The Servicer shall give written notice to the Indenture Trustee of the location and account number of the Collateral Account, the Excess Funding Account or the Optional Redemption Account and shall notify the Indenture Trustee in writing prior to any subsequent change thereof. In the event any of the Collateral Account, Excess Funding Account or Optional Redemption Account is maintained with a bank other than with the Indenture Trustee, the Indenture Trustee shall receive a wire transfer of immediately available funds from such bank no later than 10:00 a.m. on any Payment Date with respect to any amounts from any such Collateral Account, Excess Funding Account or Optional Redemption Account which the Indenture Trustee is required to receive in order to make the distributions required in accordance with Article V herein.
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Optional Redemption Account shall have the meaning assigned to such term in Section 4.04 of the Indenture.
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Optional Redemption Account means the Optional Redemption Account created in the Redemption Fund by Section 5.9.
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Related to Optional Redemption Account

  • 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:

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

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

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

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

  • 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 Price shall have the meaning set forth in Section 3.2.

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

  • Optional Redemption Amount (Put) 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 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 Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • 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.

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

  • 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;

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

  • 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.

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

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

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

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

  • 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.

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

  • Redemption Payment Date As defined in Section 13.1.

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Tax Redemption Date means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed for such Tax Redemption pursuant to this Indenture.

  • 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.