Common use of Redemption Payment Clause in Contracts

Redemption Payment. The payment of principal plus any accrued and unpaid interest, that is being made at the discretion of the Issuer in accordance with the Indenture.

Appears in 2 contracts

Sources: Distribution and Management Agreement (Onyx Acceptance Corp), Distribution and Management Agreement (Onyx Acceptance Corp)

Redemption Payment. The payment of principal plus any accrued and unpaid interest, that is being made interest due upon redemption of a Note at the discretion of the Issuer Company in accordance with the Indenture.

Appears in 1 contract

Sources: Distribution and Management Agreement (Advanced Environmental Recycling Technologies Inc)

Redemption Payment. The payment of principal plus any accrued and unpaid interest, that is being made at the discretion of the Issuer Company in accordance with the Indenture.

Appears in 1 contract

Sources: Distribution and Management Agreement (Metris Companies Inc)