Total Senior Redemption Amount means the aggregate amount necessary to pay all amounts (including fees and expenses incurred by the Trustee and the Collateral Manager in connection with any applicable sale) due and payable by the Issuer under Section 11.1(a) prior to the payment of the Notes, to pay any accrued and unpaid Hedge Payment Amounts (including termination payments) payable by the Issuer pursuant to the Hedge Agreements and any fees and expenses incurred by the Trustee and the Collateral Manager in connection with such sale of Collateral Debt Securities and to redeem the Notes on the scheduled Redemption Date at the applicable Redemption Price therefor, together with all accrued interest and the Commitment Fee to the date of redemption.
Total Senior Redemption Amount has the meaning specified in Section 9.1(b).
Total Senior Redemption Amount means the aggregate amount (without duplication) in immediately available funds required to pay all amounts payable under the Priority of Payments prior to the payment of Excess Principal Proceeds to the Preference Share Payment Account, to pay any amounts due and payable by the Issuer pursuant to the Hedge Agreements and to redeem the Notes on the scheduled Redemption Date at the applicable Redemption Price therefor (including fees and expenses incurred by the Issuer, the Trustee, the Auction Agent and the Collateral Manager in connection with the sale of the Collateral Debt Securities and/or Auction Call Redemption, as applicable).
Examples of Total Senior Redemption Amount in a sentence
In the event of an Optional Redemption or Tax Redemption pursuant to this Section 9.1(a), unless a Majority-In-Interest of the Preferred Shareholders have directed the Issuer to redeem the Preferred Shares on such Distribution Date, the amount of Collateral Debt Securities sold in connection with such Optional Redemption shall not exceed the amount necessary for the Issuer to obtain the Total Senior Redemption Amount.
Notwithstanding the foregoing paragraph, in connection with any Tax Redemption, Holders of at least 66-2/3% of the Aggregate Outstanding Principal Amount of an Affected Class of Notes may elect to receive less than 100% of the portion of the Total Senior Redemption Amount that would otherwise be payable to Holders of such Affected Class (and the minimum funding requirements specified in the immediately preceding paragraph will be reduced accordingly).
Any payment of the Senior Redemption Price (as defined below) shall be made by the Company to all holders whose Series A-1 Senior Preferred Shares are to be redeemed on the same Senior Redemption Date (collectively, the “Senior Redeeming Holders” and each, a “Senior Redeeming Holder”) pro rata based on the Total Senior Redemption Amount due to each Senior Redeeming Holder in proportion to the aggregate Total Senior Redemption Amount payable by the Company.
From and after the Senior Redemption Closing all rights of the Senior Redeeming Holder of the relevant Series A-1 Senior Preferred Share will cease subject to the Senior Redeeming Holder having received the full amount of the Total Senior Redemption Amount from the Company, and such Series A-1 Senior Preferred Share will not thereafter be transferred on the books of the Company or be deemed outstanding for any purpose whatsoever.
Notwithstanding the foregoing paragraph, in connection with any Tax Redemption, Holders of 100% of the Aggregate Outstanding Amount of an Affected Class of Notes may elect to receive less than 100% of the portion of the Total Senior Redemption Amount that would otherwise be payable to Holders of such Affected Class (and the Total Senior Redemption Amount will be reduced accordingly).
More Definitions of Total Senior Redemption Amount
Total Senior Redemption Amount means, as of any Distribution Date, the aggregate amount required (a) to make all payments of accrued and unpaid amounts under the Indenture as of such date (including any termination payments payable by the Issuer pursuant to any Hedge Agreement, any amounts payable by the Issuer pursuant to the Prepaid Swap Agreement, any Administrative Expenses and any fees and expenses incurred by the Trustee in connection with the sale of Collateral Debt Securities including accrued and unpaid Collateral Management Fees), (b) to redeem all the Notes at the applicable Redemption Prices, together with all accrued and unpaid interest to the date of redemption and to Defease the Class A CP Notes through a payment to the CP Defeasance Account in an amount equal to (x) in the case of Discount CP Notes, the face amount of such Discount CP Notes and (y) in the case of LIBOR CP Notes, the face amount of such LIBOR CP Notes plus accrued interest to the CP Maturity Date of such LIBOR CP Notes, (c) to pay all amounts owed under the Liquidity Agreement, including in respect of Liquidity Advances, Accelerated Liquidity Interest Advance and Swing Line Advances and interest thereon and (d) solely in the case of an Auction Call Redemption pursuant to the Indenture, to make a payment to the Preference Share Paying Agent for distribution to the Preference Shareholders in an amount equal to the Preference Share Auction Call Date Amount (or such lesser amount as is agreed by all of the Preference Shareholders).
Total Senior Redemption Amount means, as of any Quarterly Distribution Date, the aggregate amount required (a) to make all payments of accrued and unpaid amounts referred to in clauses (1) through (16) of the Interest Proceeds Waterfall and clauses (1) through (16) of the Principal Proceeds Waterfall as of such date (including any termination payments payable by the Issuer to the Hedge Counterparty pursuant to any Hedge Agreement (assuming, for these purposes, that any such Hedge Agreement has been terminated by reason of an event of default or termination event as to which the Issuer is the sole defaulting or affected party), and any fees and expenses incurred by the Trustee or the Collateral Manager in connection with the sale of Collateral Debt Securities), (b) to redeem all the Notes on the scheduled Redemption Date at the applicable Redemption Prices, together with all accrued and unpaid interest to the date of redemption and (c) solely in the case of an Auction Call Redemption pursuant to the Indenture, to make a payment to the Preference Share Paying Agent for distribution to the Preference Shareholders in an amount equal to the Preference Share Minimum Redemption Amount (or such lesser amount as is agreed by Preference Shareholders whose aggregate Voting Percentages at such time equal 100% of all Preference Shareholders' Voting Percentages at such time).
Total Senior Redemption Amount means, as of any Distribution Date, the aggregate amount required (a) to make all payments of accrued and unpaid amounts under the Indenture as of such date (including any termination payments payable by the Issuer pursuant to any Hedge Agreement, any amounts payable by the Issuer pursuant to the Prepaid Swap Agreement, any Administrative Expenses and any fees and expenses incurred by the Trustee in connection with the sale of Collateral Debt Securities including accrued and unpaid Collateral Management Fees), (b) to redeem all the Co-Issued Notes at the applicable Redemption Prices, together with all accrued and unpaid interest to the date of redemption and to Defease the Class A CP Notes through a payment to the CP Defeasance Account in an amount equal to (x) in the case of Discount CP Notes, the face amount of such Discount CP Notes and (y) in the case of LIBOR CP Notes, the face amount of such LIBOR CP Notes plus accrued interest to the CP Maturity Date of such LIBOR CP Notes, (c) to pay all amounts owed under the Liquidity Agreement, including in respect of Liquidity Advances and Swing Line Advances and interest thereon and (d) solely in the case of an Auction Call Redemption pursuant to the Indenture, to make a payment to the Fiscal Agent for distribution to the Income Noteholders in an amount equal to the Income Note Auction Call Date Amount (or such lesser amount as is agreed by all of the Income Noteholders).
Total Senior Redemption Amount means, as of any Distribution Date, the aggregate amount required (without duplication) (a) to make all payments of accrued and unpaid amounts referred to in clauses (1) through (16) of the Interest Proceeds Waterfall and clauses (1) through (10) of the Principal Proceeds Waterfall, to pay all amounts payable as of such date (including any termination payments and any accrued interest thereon) by the Issuer to the Hedge Counterparty pursuant to any Hedge Agreement (assuming for these purposes that any such Hedge Agreement has been terminated by reason of an event of default or termination event as to which the Issuer is the sole defaulting or affected party) and to pay any fees and expenses incurred by the Trustee or the Collateral Advisor in connection with the sale of Collateral Debt Securities, but excluding payments to the Preference Share Paying Agent for distribution to the Preference Shareholders, (b) to redeem all the Notes on the scheduled Redemption Date at the applicable Redemption Prices, together with all accrued and unpaid interest to (but excluding) the date of redemption and (c) solely in the case of an Auction Call Redemption, to make payments (i) to the Fiscal Agent for distribution to the holders of the Subordinate Notes and (ii) to the Preference Share Paying Agent for distribution to the Preference Shareholders, in an aggregate amount equal to the Class D/E/Preference Share Redemption Date Amount, if any.
Total Senior Redemption Amount means the aggregate amount (without duplication) in immediately available funds required to pay all amounts payable under the Priority of Payments prior to the payment of Excess Principal Proceeds to the Preference Share Payment Account, to pay any amounts due and payable by the Issuer pursuant to the Hedge Agreements and to redeem the Notes on the scheduled Redemption Date at the applicable
Total Senior Redemption Amount means, as of any Redemption Date, the aggregate amount required (without duplication) (a) to make all payments of accrued and unpaid amounts referred to in clauses (1) through (15) of the Interest Proceeds Waterfall and clauses (1) through (10) and (13) of the Principal Proceeds Waterfall, to pay all amounts payable as of such date (including any termination payments and any accrued interest thereon) by the Issuer to the Hedge Counterparty pursuant to any Hedge Agreement (assuming for these purposes that any such Hedge Agreement has been terminated by reason of an event of default or termination event as to which the Issuer is the sole defaulting or affected party), to pay any fees and expenses incurred by the Trustee or the Collateral Manager in connection with the sale of Collateral Debt Securities and to pay any accrued and unpaid Subordinate Management Fee (but excluding any payments of Incentive Management Fee) and (b) to redeem all the Notes on the scheduled Redemption Date at the applicable Redemption Prices, together with all accrued and unpaid interest to (but excluding) the date of redemption.
Total Senior Redemption Amount means, as of any Redemption Date, the aggregate amount required (a) to make all payments of accrued and unpaid amounts under the Indenture as of such date (including any fees and expenses incurred by the Issuer or the Custodian in connection with the sale of Issuer Investments),