Redeeming Purchase definition

Redeeming Purchase. The purchase of all the Regular Certificates issued by the Trust pursuant to Section 9.01 hereof.
Sample 1Sample 2Sample 3
Redeeming Purchase. The purchase of all of the Regular Securities issued by a Trust pursuant to Section 9.01 hereof.
Sample 1Sample 2

Examples of Redeeming Purchase in a sentence

  • In the event such notice is given in connection with a Redeeming Purchase or Terminating Purchase, the purchaser shall deliver to the Trustee for deposit in the Asset Proceeds Account on the Business Day immediately preceding the Final Distribution Date an amount in next day funds equal to the Redemption Price or Termination Price, as the case may be.

  • Heather Gunther - (2013) Administration:Mr. Kent Joesel (2014) Mr. Jon W.

  • Unclaimed funds otherwise distributable to Securityholders on a Distribution Date on which a Redeeming Purchase is made are to be deposited in the Redemption Account.

  • Upon the deposit of the Redemption Price in the Asset Proceeds Account, the Trustee (or any Custodian) shall retain possession of the Mortgage Loans and shall release the Certificates to the person effecting the Redeeming Purchase.

  • The requisite Residual Certificateholders or Saxon shall each advise the Trustee and the Paying Agent of its election to cause a Redeeming Purchase or Terminating Purchase on or before the Distribution Date in the month preceding the Distribution Date on which the Redeeming Purchase or Terminating Purchase will occur.

  • Unclaimed funds otherwise distributable to Certificateholders on a Distribution Date on which a Redeeming Purchase is made shall be deposited in the Redemption Account.

  • Whether or not the Certificates have been redeemed, unless otherwise provided in the Trust Agreement, either Saxon or the Holders of the majority of the Percentage Interest in the Residual Certificates (or each Class of Residual Certificates, if more than one), may, at their respective options, make or cause a Person to make a Terminating Purchase for the Termination Price on any Distribution Date upon which a Redeeming Purchase may be made.

  • The requisite Residual Securityholders or Master Servicer shall each advise the Trustee of its election to cause a Redeeming Purchase or Terminating Purchase no later than the Distribution Date in the month preceding the Distribution Date on which the Redeeming Purchase or Terminating Purchase will occur.

  • If such notice is given in connection with a Redeeming Purchase or a Terminating Purchase, the purchaser shall deliver to the Paying Agent for deposit in the Asset Proceeds Account on the Business Day preceding the Final Distribution Date an amount in next day funds equal to the Redemption Price or the Termination Price, as the case may be.

  • Upon the deposit of the Redemption Price in the Asset Proceeds Account, the Trustee (or the Custodian) shall retain possession of the Mortgage Assets and shall release the Securities to the person effecting the Redeeming Purchase.

Related to Redeeming Purchase

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Redemption Call Purchase Price has the meaning provided in Section 1.4;

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • 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.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

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

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • 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;

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

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

  • 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.

  • 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.

  • 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.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Stated Principal Balance is less than 10.00% of the Cut-off Date Balance.

  • Make-Whole Redemption Amount means the sum of:

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.