Examples of Special Redemption Event in a sentence
The Company will have the right to redeem the Class B Preferred Securities upon the occurrence of a Special Redemption Event with respect to the Company.
Upon the occurrence of a Special Redemption Event with respect to the Trust, holders of the Trust Preferred Securities will be entitled to receive a corresponding number of Class B Preferred Securities.
In the case of redemption upon the occurrence of a Trust Special Redemption Event (as defined in the Agreement), the Company’s Capital Securities would be distributed, after satisfaction of the claims of the creditors, if any, on a pro rata basis to the Holders of the Trust Preferred Securities and the Holder of the Trust Common Security in liquidation of such Holders’ interest in the Trust.
Interest earned on the Subordinated Note Receivable is passed through to the holders of the Trust Preferred Securities in the form of interest payments less a spread used to pay operational costs.The Subordinated Note Receivable shall not be redeemable by DB PFK AG prior to the maturity date except upon the occurrence of a Special Redemption Event (see note 6).
The Final Terms may also state the potential use for general corporate purposes or other purposes if the Special Redemption Event occurs but the Issuer elects not to exercise the Special Redemption Event (Issuer Call).BUSINESS DESCRIPTION OF AKZONOBEL History and Development Akzo Nobel N.V. (“AkzoNobel” or the “Company”) is a public limited liability company (naamloze vennootschap) incorporated under the law of The Netherlands, having its corporate seat in Amsterdam, The Netherlands.