Principal Redemption Amount definition

Principal Redemption Amount. As defined in Section 7.01(b).

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Principal Redemption Amount means on the relevant Quarterly Payment Date the amount (if any) of the Notes Redemption Available Amount (as available to each Class of Notes pursuant to Condition 6(b) and 6(c)) on the Quarterly Calculation Date relating to that Quarterly Payment Date divided by the number of Notes subject to such redemption (rounded down to the nearest euro), provided always that the Principal Redemption Amount may never exceed the Principal Amount Outstanding of the relevant Note.

Principal Redemption Amount has the meaning set forth in Section 16.02.

Examples of Principal Redemption Amount in a sentence

• If the Notes would otherwise constitute “applicable high yield discount obligations” within the meaning of Section 163(i)(1) of the Code, at the end of each “accrual period” (as defined in Section 1272(a)(5) of the Code) ending after the fifth anniversary of the Issue Date, the Issuer will be required to redeem for cash a portion of each Note then outstanding equal to the Mandatory Principal Redemption Amount.

• If the Notes would otherwise constitute “applicable high yield discount obligations” within the meaning of Section 163(i)(1) of the Code, at the end of each “accrual period” (as defined in Section 1272(a)(5) of the Code) ending after the fifth anniversary of the Issue Date (each, an “AHYDO Redemption Date”), the Issuer shall be required to redeem for cash a portion of each Note then outstanding equal to the Mandatory Principal Redemption Amount (each such redemption, a “Mandatory Principal Redemption”).

• The Trustee shall not be responsible for verifying the calculation of the Mandatory Principal Redemption Amount.

• The Issuer is responsible for calculating the Mandatory Principal Redemption Amount.

• On April 15, 2013, the Company will be required to redeem for cash a portion of each Note then outstanding equal to the Mandatory Principal Redemption Amount (such redemption, a “Mandatory Principal Redemption”).

• If the Notes would otherwise constitute “applicable high yield discount obligations” within the meaning of Section 163(i)(1) of the Code, at each AHYDO Redemption Date, the Issuer shall redeem for cash a portion of each Note then outstanding equal to the Mandatory Principal Redemption Amount.

• For the avoidance of doubt, the Mandatory Principal Redemption Amount shall be determined by the Company and provided to the Trustee in the form of an Officer’s Certificate on which the Trustee may conclusively rely.

• At the end of each accrual period ending on the date five years after the date of the initial issuance of the Notes (each, an “AHYDO redemption date”), the Issuer will redeem for cash a portion of each Note then outstanding equal to the Mandatory Principal Redemption Amount.

• At the end of each accrual period ending on the date five years after the date of the initial issuance of the Notes (each, an “AHYDO redemption date”), the Issuer will redeem for cash a portion of each Note then outstanding equal to the Mandatory Principal Redemption Amount (such redemption, a “Mandatory Principal Redemption”).

• On May 15, 2011, if any of the Notes are outstanding, the Company will be required to redeem for cash a portion of each Note then outstanding (at a price equal to 104.500% of the Accreted Value of such portion of such Note, plus accrued and unpaid stated interest, if any) equal to the Mandatory Principal Redemption Amount.

More Definitions of Principal Redemption Amount

Principal Redemption Amount means the principal amount so redeemable (i) in respect of each Note other than a Note of the Supporting Class of Notes or a Note of the Residual Class of Notes, if any, on the relevant Quarterly Payment Date which shall be equal to (a) on or after the Target Amortisation Date, unless a Target Amortisation Event has occurred which is not cured any and all of the Class A Principal Redemption Amount, the Class B Principal Redemption Amount, the Class C Principal Redemption Amount and the Class D Principal Redemption Amount and (b) before the Target Amortisation Date (and on or after the Target Amortisation Date in case a Target Amortisation Event has occurred which is not cured) the Notes Redemption Available Amount (as applicable to each Class of Notes, other than the Supporting Class of Notes or the Residual Class of Notes, if any) and (ii) in respect of the Supporting Class of Notes, the Supporting Class Redemption Amount and (iii) in respect of the Residual Class of

Principal Redemption Amount the amount set out under the column ‘Principal Redemption Amount” in the Redemption Schedule.

Principal Redemption Amount means, in respect of the redemption of any Equipment Notes under Section 2.11(c) of the related Indenture related to (a) the disposition of any Qualifying Aircraft, (x) the percentage set forth below for the applicable model of the “Aircraft” under and as defined in such Indenture, multiplied by (y) the unpaid Original Amount of such Equipment Notes at the time of such redemption, or (b) a Permitted Excess Disposition, 100% of the sales proceeds from such Permitted Excess Disposition.

Principal Redemption Amount means the amount, calculated on each Payment Date, equal to:

Principal Redemption Amount has the meaning set forth as such in Condition 6(b) (Redemption).