Subordinated Note Redemption Price definition

Subordinated Note Redemption Price. The price for such Subordinated Note, as determined by the Collateral Manager on the date of a Refinancing, equal to the following: (a) amounts on deposit in the Principal Collection Subaccount, the Interest Collection Subaccount and the Revolver Funding Account immediately prior to such Refinancing plus (b) an amount equal to the sum of the products of (x) the average of the “bid” and “ask” price for each Collateral Obligation held by the Issuer (as determined in the sole discretion by the Collateral Manager) and (y) the principal balance of each such Collateral Obligation (excluding, solely for purposes of this definition, the unfunded commitments under any Revolving Collateral Obligation or Delayed Drawdown Collateral Obligation) plus (c) an amount equal to the sum of the products of (x) the average of the “bid” and “ask” price of each Revolving Collateral Obligation and Delayed Drawdown Collateral Obligation minus 100% and (y) the unfunded commitments under each Revolving Collateral Obligation and Delayed Drawdown Collateral Obligation plus (d) an amount equal to the accrued interest on the Collateral Obligations (other than Defaulted Obligations) held by the Issuer immediately prior to such Refinancing minus (e) the Redemption Price of the Secured Notes minus (f) any fees and expenses incurred in connection with such Refinancing and the associated supplemental indenture.
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Subordinated Note Redemption Price. An amount equal to any remaining Interest Proceeds and Principal Proceeds payable under the Priority of Payments on each Redemption Date for the Subordinated Notes.
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Subordinated Note Redemption Price has the meaning set forth in the Trust Agreement.
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Examples of Subordinated Note Redemption Price in a sentence

  • In the case of an Optional Exercise, if a Holder elects to effect such Exercise through delivery of cash pursuant to Section 2.2(iii)(a) hereto, UK Parent shall have the right, at its option, to redeem from such Holder the aggregate principal amount of Subordinated Notes held by such Holder equal to the number of Warrants so exercised multiplied by the Warrant Exercise Price, at the Subordinated Note Redemption Price.

  • To the extent that UK Parent defaults on such obligations, TW UK shall be absolutely and unconditionally obligated to pay the Subordinated Note Redemption Price and the PIK Note Redemption Price in immediately available funds in full on the Purchase Date and shall not be entitled to set off any claim of any kind which UK Parent or TW UK may have against anyone whether arising under or by reason of this Agreement, the other Transaction Documents or for any other reason of any kind.

  • The Purchasers' obligation to tender the Subordinated Notes or the PIK Notes called for redemption by UK Parent or the exercise of the Purchasers' Exercise Right shall not arise until such time as sufficient funds have been deposited to pay the Subordinated Note Redemption Price and the PIK Note Redemption Price for the Redemption Securities to be redeemed.

  • On the Warrant Purchase Date, UK Parent will (i) purchase the Warrants tendered pursuant to Section 8.1 hereof for cash in an amount equal to the aggregate Warrant Purchase Price for all Warrants tendered for purchase and (ii) redeem the Subordinated Notes tendered pursuant to Section 8.1 hereof for cash in an amount equal to the aggregate Subordinated Note Redemption Price for all Subordinated Notes tendered for redemption.


More Definitions of Subordinated Note Redemption Price

Subordinated Note Redemption Price has the meaning ascribed thereto in Section 6.1 hereof.
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Subordinated Note Redemption Price means the "Redemption Price" (as defined in the Subordinated Indenture) applicable to the Permitted Redemption of the Subordinated Notes on the Subordinated Note Redemption Date.
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Related to Subordinated Note Redemption Price

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

  • Final Redemption Amount 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;

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;