Optional Redemption Right definition

Optional Redemption Right shall have the meaning set forth in Section 2.03 hereof.

Optional Redemption Right shall have the meaning assigned to such term in the Amendment to the Articles.

Optional Redemption Right shall have the meaning set forth in Section 5(b) hereof.

Examples of Optional Redemption Right in a sentence

• Except as provided herein, the Corporation shall make no payment or allowance for unpaid dividends, whether or not in arrears, on Series A Preferred Stock for which a notice of redemption pursuant to the Special Optional Redemption Right has been given.

• The holders of Series A Preferred Stock at the close of business on a Dividend Record Date will be entitled to receive the dividend payable with respect to the Series A Preferred Stock on the corresponding Dividend Payment Date notwithstanding the redemption of the Series A Preferred Stock pursuant to the Special Optional Redemption Right between such Dividend Record Date and the corresponding Dividend Payment Date or the Corporation’s default in the payment of the dividend due.

• If the Corporation has given a notice of redemption pursuant to the Special Optional Redemption Right and has set aside sufficient funds for the redemption in trust for the benefit of the holders of the Series A Preferred Stock called for redemption, then from and after the redemption date, those shares of Series A Preferred Stock will be treated as no longer being outstanding, no further dividends will accrue and all other rights of the holders of those shares of Series A Preferred Stock will terminate.

• If fewer than all of the outstanding shares of Series A Preferred Stock are to be redeemed pursuant to the Special Optional Redemption Right, the shares of Series A Preferred Stock to be redeemed shall be redeemed pro rata (as nearly as may be practicable without creating fractional shares) or by lot as determined by the Corporation.

• Other than with respect to the Optional Redemption Right and the Contingent Redemption Right set forth in Section 5(a), in no event shall the Corporation or any of its Subsidiaries redeem, purchase or acquire any Preferred Shares from one or more Holders unless the Corporation (or the applicable Subsidiary) irrevocably offers to simultaneously redeem, purchase or acquire a pro rata amount of Preferred Shares from each other Holder on the same terms.

More Definitions of Optional Redemption Right

Optional Redemption Right shall have the meaning set forth in Section 7.

Optional Redemption Right has the meaning set forth under Section 2.09.

Optional Redemption Right shall have the meaning assigned to such term in the Certificate of Designation.

Optional Redemption Right means the right of the Servicer to exercise the redemption and purchase rights arising on an Optional Redemption Date in accordance with the terms and conditions of the related Servicing Agreement.

Optional Redemption Right means the right of GE Capital under the Indenture and the Debentures to redeem Debentures at a make-whole redemption amount at any time prior to November 15, 2017, other than in connection with a Tax Event, as defined in the Debentures.

Optional Redemption Right has the meaning set forth in Section 6.1;

Optional Redemption Right means the right specified in Condition 8(d); “outstanding” shall have the meaning given to it in the Declaration of Trust; “Periodic Distribution Amount” has the meaning given to it in Condition 7;