Examples of Tax Redemption in a sentence
Any failure to effect any redemption pursuant to Section 9.2 (Optional Redemption) or Section 9.3 (Tax Redemption) which is withdrawn by the Issuers in accordance with the foregoing or with respect to which a Refinancing fails to occur shall not constitute an Event of Default.
Subject to the limitations set forth in the Indenture, on any Payment Date or Redemption Date, prepayments of principal may be made on the Secured Loans in the event of redemptions or prepayments pursuant to the Indenture, including in connection with a failure of a Coverage Test, in connection with a Special Redemption or any Optional Redemption (including without limitation, a Refinancing), Clean-Up Call Redemption or Tax Redemption.
Any holder of Debt, the Collateral Manager or any of the Collateral Manager's Affiliates or accounts managed by it shall have the right, subject to the same terms and conditions afforded to other bidders, to bid on Assets to be sold as part of an Optional Redemption or Tax Redemption.
In addition, notice of redemption pursuant to Section 9.2 (Optional Redemption) or Section 9.3 (Tax Redemption) shall also be given to the Holders of Listed Debt by publication on any Active Exchange via the Companies Announcement Office.
Secured Loans that are prepaid in connection with an Optional Redemption, Clean-Up Call Redemption or Tax Redemption will receive the Redemption Price in respect of such Secured Loans, in each case, in accordance with the Indenture.