ACS Group Refinancing definition
Examples of ACS Group Refinancing in a sentence
Upon notice to it of an ACS Group Refinancing, the Cash Manager shall cause the Operating Bank to establish and maintain a Refinancing Account pursuant to Section 3.01(a) hereof in the name of the Security Trustee for the benefit of the Holders of the subclass of ACS Group Securities, if any, to be refinanced.
The Cash Manager shall, not later than five Business Days prior to each Payment Date on which an ACS Group Refinancing or Redemption or Guarantor Redemption, as applicable, of any class or subclass of ACS Group Securities is scheduled to occur, perform the calculations necessary to determine the Redemption Price or Guarantor Redemption Price, as applicable, of and the accrued and unpaid interest on such Securities.
Upon notice to it that any subclass of ACS Group Securities is to be redeemed pursuant to Section 3.10 hereof or the Guarantor Indenture (other than in an ACS Group Refinancing) or defeased under Article XII hereof or the Guarantor Indenture, the Cash Manager shall cause the Operating Bank to establish and maintain a Defeasance/Redemption Account pursuant to Section 3.01(a) hereof or of the Guarantor Indenture in the name of the Security Trustee for the benefit of the Holders of such subclass.