Partial Optional Redemption definition

Partial Optional Redemption. An Optional Redemption relating to only a portion of the Term Assets.
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Examples of Partial Optional Redemption in a sentence

  • In the event of a Partial Optional Redemption or an exchange of Certificates for Term Assets pursuant to Section 8, the Fixed Payment to the holders of the Amortizing Class Certificates will be reduced, effective on the next Scheduled Distribution Date, pro rata with the reduction of the Term Assets, and the Trustee shall thereafter adjust the Amortization Schedule on the basis of the new Aggregate Certificate Principal Balances following the Optional Redemption Date.

  • In the event of a Partial Optional Redemption or an exchange of Certificates for Term Assets pursuant to Section 8 of the Series Supplement referred to below, the Fixed Payment to the holders of the Amortizing Class Certificates and the Certificate Principal Balance of this Certificate will be reduced in accordance with the Trust Agreement.

  • The Company will provide notice (a “Partial Optional Redemption Notice”) to the Escrow Agent and the Trustee of the Partial Optional Redemption and such Partial Optional Redemption Notice will include the principal amount of the Notes to be redeemed and the price to be paid in the Partial Optional Redemption.

  • The portion of this Note subject to redemption pursuant to this Section 9(b) shall be redeemed by the Company in cash at a price equal to the sum of (i) the Conversion Amount of this Note being redeemed and (ii) the amount of any accrued but unpaid Interest on such Conversion Amount being redeemed and accrued and unpaid Late Charges, if any, with respect to such Conversion Amount and Interest through the Optional Redemption Date (the "Partial Optional Redemption Price").

  • All Conversion Amounts converted by the Holder after the Partial Optional Redemption Notice Date shall reduce the Holder Partial Optional Redemption Amount required to be redeemed.

  • In the event of a Partial Optional Redemption, the Fixed Payment to the holders of the Amortizing Class Certificates will be reduced, effective on the next Scheduled Distribution Date, pro rata with the reduction of the Term Assets, and the Trustee shall thereafter adjust the Amortization Schedule on the basis of the new Aggregate Certificate Principal Balances following the Optional Redemption Date.

  • Subject to Section 3.05, on and after the Special Mandatory Redemption Date or the date of the Partial Optional Redemption, as applicable, interest ceases to accrue on Notes or portions thereof called for redemption unless the Company defaults in the delivery of the applicable redemption payment.

  • In the event of a Partial Optional Redemption, the Certificate Principal Balance of this Certificate will be reduced in accordance with the Trust Agreement.

  • In any case, failure to give such notice or any defect in the notice to the Holder of any Note designated for Special Mandatory Redemption or Partial Optional Redemption, as applicable, in whole or in part shall not affect the validity of the proceedings for the redemption of any other Note.

  • Once a Special Redemption Notice or Partial Optional Redemption Notice is sent in accordance with Section 3.01 or Section 3.02, as applicable, Notes called for redemption become irrevocably due and payable on the Special Mandatory Redemption Date or the date of the Partial Optional Redemption, as applicable, at the Special Mandatory Redemption Price or the Partial Optional Redemption Price, as applicable.

Related to Partial Optional Redemption

  • 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.

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

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

  • Optional Redemption Period 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 and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • 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).

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

  • 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;

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

  • Make-Whole Redemption Amount means the sum of:

  • Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.

  • 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 Date has the meaning set forth in Section 10.2.

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

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

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

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

  • Special Event Redemption Price has the meaning specified in Section 11.2.