Par Call Amount definition

Par Call Amount means prepayments of principal in an aggregate amount of up to 35% of the initial Outstanding Principal Amount of the Series 2019-2 Class A-2 Notes on the Series 2019-2 Closing Date.
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Par Call Amount means, in respect of the Notes being redeemed, the principal amount thereof plus: the sum of (a) interest accrued to, but excluding, the date fixed for redemption calculated at a rate of either (i) the Modified Rate (if a Trigger Event has occurred) or (ii) the Initial Rate (if a Trigger Event has not occurred) and (b) in the event a Trigger Event has occurred, an additional amount equal to (i) 0.25% of the principal amount of the Notes being redeemed less (ii) the amount of interest accrued from the last scheduled Interest Payment Date to, but excluding, the date fixed for redemption determined using a rate equal to the Rate Increase (and included in the aggregate amount determined pursuant to (a)).
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Par Call Amount means, in respect of the Notes being redeemed, the principal amount thereof plus: the sum of (a) interest accrued to, but excluding, the date fixed for redemption calculated at a rate of either (i) the Modified Rate (if a Trigger Event has occurred) or (ii) the Initial Rate (if a Trigger Event has not occurred) and (b) in the event a Trigger Event has occurred, an additional amount equal to (i) 0.25% of the principal amount of the Notes being redeemed less (ii) the amount of interest accrued from the last scheduled Interest Payment Date to, but excluding, the date fixed for redemption determined using a rate equal to the Rate Increase (and included in the aggregate amount determined pursuant to (a)).Payment & Delivery: Payments of interest and principal will be made to CDS or its nominee.Distribution: All provinces of Canada.Covenants: Covenants include negative pledge, cross acceleration, restrictions against sale & leaseback, limitations on indebtedness of restricted subsidiaries (please refer to the Prospectus Supplement dated February 12, 2024).Change of Control: The Company will be required to make an offer to repurchase the Notes at a price equal to 101% of their principal amount plus accrued and unpaid interest (at the then prevailing rate on the Notes) to the date of repurchase upon the occurrence of a Change of Control Triggering Event. See “Details of the Offering - Repurchase upon Change of Control Triggering Event” in the Prospectus Supplement dated February 12, 2024.Tax Consequences: In certain circumstances, provisions of the Income Tax Act (Canada) (the “Tax Act”) require a holder of a “prescribed debt obligation” (as defined for the purposes of the Tax Act) resident in Canada to include in income for each taxation year the amount of any interest, bonus or premium receivable on the obligation over its term based on the maximum amount of interest, bonus or premium receivable on the obligation. The Notes may be considered to be prescribed debt obligations, and a holder resident in Canada should consult their tax advisors with respect to the potential consequences to them of deemed accrual on a prescribed debt obligation.Use of Proceeds: The net proceeds will be used for the repayment of outstanding indebtedness, including all or a portion of the repayment upon maturity of the 3.35% Series CK Notes due April 2024, as well as the repayment of a portion of commercial paper (incurred for general working capital purposes) and/or the repayment of a ...
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Examples of Par Call Amount in a sentence

  • Par Call Option:The Issuer may, at any time on or after 23 January 2031 on giving not less than 30 nor more than 60 days’ irrevocable notice (the “ Par Call Notice”) to the Noteholders, redeem all or some of the Notes, at the Par Call Amount.


More Definitions of Par Call Amount

Par Call Amount means, in respect of each Note, the principal amount thereof, together with interest accrued to (but excluding) the date fixed for redemption (calculated at a rate of either (i) 1.250 per cent. per annum or (ii) (if the Sustainability Performance Target has been achieved on the Target Observation Date (as set out in the SPT Verification Assurance Certificate) or, if the SPT Verification Assurance Certificate is not available, if the Sustainability Performance Target for the most recent fiscal year ending on 31 December prior to the date of the Par Call Notice for which a Limited Assurance Report is available has been achieved (as set out in such Limited Assurance Report and as confirmed by a written confirmation from the External Verifier that the Sustainability Performance Target has been met for such fiscal year)) the Original Interest Rate);
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Par Call Amount will equal (a) with respect to any optional prepayment occurring on or prior to the third anniversary of the Series 2012-1 Closing Date, an amount in the aggregate equal to 10% of the Series 2012-1 Class A-2 Initial Principal Amount and (b) with respect to any optional prepayment occurring after the third anniversary of the Series 2012-1 Closing Date, an amount in the aggregate equal to 20% of the Series 2012-1 Class A-2 Initial Principal Amount minus the aggregate principal amount of all prepayments of the Series 2012-1 Class A-2 Notes pursuant to clause (a).
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Par Call Amount will equal (a) with respect to any optional prepayment occurring on or prior to November 29, 2015, an amount in the aggregate equal to 10% of the Series 2013-1 Initial Principal Amount and (b) with respect to any optional prepayment occurring after the third anniversary of the Series 2013-1 Closing Date, an amount in the aggregate equal to 20% of the Series 2013-1 Initial Principal Amount minus the aggregate principal amount of all prepayments of the Series 2013-1 Notes pursuant to clause (a).
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Par Call Amount has the meaning set forth in Section 3.6(e) of the Series 2017-1 Supplement.
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Par Call Amount means, in respect of each Note, the principal amount thereof, together with interest accrued to (but excluding) the date fixed for redemption (calculated at a rate of either (i)1.250 per cent. per annum or (ii) (if the Sustainability Performance Target has been achieved on the Target Observation Date (as set out in the SPT Verification Assurance Certificate) or, if the SPT Verification Assurance Certificate is not available, if the Sustainability Performance Target for the most recent fiscal year ending on 31 December prior to the date of the Par Call Notice for which a Limited Assurance Report is available has been achieved (as set out in such Limited Assurance Report and as confirmed by a written confirmation from the External Verifier that the Sustainability Performance Target has been met for such fiscal year)) the Original Interest Rate);
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Related to Par Call Amount

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Shortfall Amount as defined in Section 2.6.

  • Applicable Par Call Date means, (i) with respect to the 2031 Notes, September 15, 2031 (three months prior to the stated maturity date of such 2031 Notes) and (ii) with respect to the 2051 Notes, June 15, 2051 (six months prior to the stated maturity date of such 2051 Notes).

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Cash Amount means an amount of cash per Partnership Unit equal to the value of one share of Common Stock as determined under the applicable Exchange Rights Agreement on the Valuation Date of the Common Stock Amount.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).