Redemption Treasury Portfolio definition

Redemption Treasury Portfolio means (a) if the Tax Event Redemption Date occurs prior to a successful remarketing of the Debentures pursuant to the terms of Section 5.2 of the Purchase Contract Agreement, a portfolio of zero-coupon U.S. Treasury securities consisting of (i) principal or interest strips of U.S. Treasury securities which mature on or prior to the Stock Purchase Date in an aggregate amount equal to the applicable Redemption Principal Amount and (ii) with respect to each scheduled interest payment date on the Debentures that occurs after the Tax Event Redemption Date and on or before the Stock Purchase Date, principal or interest strips of U.S. Treasury securities which mature on or prior to such date in an aggregate amount equal to the aggregate interest payment that would be due on the applicable Redemption Principal Amount of the Debentures on such date, assuming that the Interest Rate on the Debentures were not reset on the applicable Reset Date, and (b) if the Tax Event Redemption Date occurs after successful remarketing of the Debentures in accordance with Section 5.2 of the Purchase Contract Agreement, a portfolio of zero-coupon U.S. Treasury securities consisting of (i) principal or interest strips of U.S. Treasury securities which mature on or prior to November 15, 2006 in an aggregate amount equal to the applicable Redemption Principal Amount and (ii) with respect to each scheduled interest payment date on the Debentures that occurs after the Tax Event Redemption Date, principal or interest strips of such U.S. Treasury securities which mature on or prior to such date in an aggregate amount equal to the aggregate interest payment that would be due on the applicable Redemption Principal Amount of the Debentures on such date.
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Redemption Treasury Portfolio has the meaning provided in the Indenture.
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Redemption Treasury Portfolio has the meaning specified in the Indenture.
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Examples of Redemption Treasury Portfolio in a sentence

  • Section PI 35.20 (3) explains what individuals may be disqualified.

  • The Collateral Agent shall Transfer the Redemption Treasury Portfolio Interest to the Collateral Account to secure the obligation of all Holders of Corporate Units to purchase Common Stock of the Company under the Purchase Contracts constituting a part of such Corporate Units, in substitution for the Pledged Senior Notes.

  • In the event the Collateral Agent receives such Redemption Price, the Collateral Agent will, at the written direction of the Company, apply an amount, out of such Redemption Price, equal to the aggregate Redemption Amount with respect to the Pledged Senior Notes to purchase from the Quotation Agent, the Redemption Treasury Portfolio and promptly remit the remaining portion of such Redemption Price to the Purchase Contract Agent for payment to the Holders of Corporate Units.

  • Thereafter the Collateral Agent shall have such security interests, rights and obligations with respect to the Redemption Treasury Portfolio Interests as it had in respect of the Pledged Senior Notes as provided in this Agreement, and any reference herein to the Senior Notes shall be deemed to be reference to such Redemption Treasury Portfolio Interests, and any reference herein to interest on the Senior Notes shall be deemed to be a reference to distributions on such Treasury Portfolio Interest.

  • The Redemption Treasury Portfolio will be substituted for the Pledged Preferred Securities, and will be held by the Collateral Agent in accordance with the terms of the Pledge Agreement to secure the obligation of each Holder of a Normal Unit to purchase the Common Stock of the Company under the Purchase Contract constituting a part of such Normal Unit.

  • The Company may cause to be made in any Corporate Units Certificate thereafter to be issued such change in phraseology and form (but not in substance) as may be appropriate to reflect the substitution of the Redemption Treasury Portfolio for Senior Notes as collateral.

  • In addition, if a Tax Event Redemption occurred and the Redemption Treasury Portfolio has become a part of the Corporate Units, Purchase Contracts underlying the Corporate Units may be settled early but only in an aggregate amount of 20 Corporate Units or another integral multiple such that the Treasury Portfolio Interests to be released are in integral multiples of $1,000.

  • The Company may cause to be made in any Normal Unit Certificates thereafter to be issued such change in phraseology and form (but not in substance) as may be appropriate to reflect the liquidation of the Trust and the substitution of the Redemption Treasury Portfolio for Preferred Securities as collateral.

  • Thereafter, the Collateral Agent shall have such security interests, rights and obligations with respect to the Redemption Treasury Portfolio as it had in respect of the Pledged Debentures as provided in Articles II, III, IV, V and VI and any reference herein to the Pledged Debentures shall be deemed to be a reference to such Redemption Treasury Portfolio, and any reference herein to interest on the Pledged Debentures shall be deemed to be a reference to distributions on such Redemption Treasury Portfolio.

  • In the event the Collateral Agent receives such Redemption Price, the Collateral Agent will, at the written direction of the Company, apply an amount, out of such Redemption Price, equal to the aggregate Redemption Amount with respect to the Pledged Debentures to purchase from the Quotation Agent the Redemption Treasury Portfolio and promptly remit the remaining portion of such Redemption Price to the Purchase Contract Agent for payment to the Holders of Normal Units.


More Definitions of Redemption Treasury Portfolio

Redemption Treasury Portfolio has the meaning provided in Section 4.6.
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Related to Redemption Treasury Portfolio

  • Treasury Portfolio means, as applicable, the Remarketing Treasury Portfolio or the Special Event Treasury Portfolio.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • Redemption Day means the last Business Day of each week or such other day or days as the Directors may from time to time determine that Participating Shares in the Fund are available for redemption;

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Redemption Dates means, collectively, the Event of Default Redemption Dates, and the Optional Redemption Dates, each of the foregoing, individually, a Redemption Date.

  • Redemption Value means, in respect of a Unit, the price per Unit at which such Unit is redeemed, calculated in accordance with the Trust Deed.

  • Redemption Payment Date As defined in Section 13.1.

  • Redemption Time means the time at which the right to exercise the Rights shall terminate pursuant to Section 5.1 hereof.

  • Redemption Securities means any debt or equity securities of the Corporation, any Subsidiary or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to paragraph (d) of this Section 5, at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section 5 (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).

  • Redemption Event has the meaning set forth in Section 3.4.

  • Redemption means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  • Redemption Proceeds means any proceeds in any applicable currency from a redemption in respect of the Charged Assets in accordance with the terms and conditions of such Charged Assets.

  • Treasury Securities means U.S. Dollar-denominated, coupon-bearing, senior debt securities of the United States of America issued by the U.S. Treasury Department and backed by the full faith and credit of the United States of America.

  • Comparable Treasury Price means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

  • Gross Redemption Yield means, with respect to a security, the gross redemption yield on such security, expressed as a percentage and calculated by the Financial Adviser on the basis set out by the UK Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 4, Section One: Price/Yield Formulae “Conventional Gilts/Double dated and Updated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date” (published 8 June 1998, as amended or updated from time to time) on a semi-annual compounding basis (converted to an annualised yield and rounded up (if necessary) to four decimal places) or on such other basis as the Trustee may approve;

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Redemption Date when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.

  • Redemption Agent means the Depositary or any bank or trust company appointed to receive redemption proceeds on the deposited Preference Shares and to disburse the same to the holders of the Receipts, as herein provided.

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

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

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Redemption Basket means 100,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;