at Par definition
Examples of at Par in a sentence
The parties covenant and warrant that, should the Issuer receive FHA debentures in settlement of any default on a Mortgage pursuant to the terms of the FHA insurance commitment, the Issuer shall immediately tender such debentures to ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ shall immediately purchase such debentures from the Issuer for cash at Par.
The Issuer must purchase at Par each Mortgage for which it receives a final claim settlement from the insuring or guarantying agency.
The Issuer shall have the option to purchase at Par any Mortgage which has been in default for a continuous period of ninety (90) days or more.
In the event Lender applies such Awards to the reduction of the outstanding Loan or if any surplus remains out of the Award after payment of such cost of Restoration, such amounts shall be applied on account of the Loan at Par, so long as no Event of Default then exists (notwithstanding the fact that the amount owing thereon may not then be due and payable or that the Loan may otherwise be adequately secured).
An SPV security is issued at Par, accrues interest, and is redeemed at Par plus accrued interest at maturity.
If the Loan should become repayable following exercise of the Call Option at Par by the Borrower (and be repaid) prior to the Repayment Date, the Notes will thereupon become due and repayable and the Issuer shall, subject to receipt of such amounts from the Borrower under the Loan, redeem the Notes on the Call at Par Redemption Date.
The Issuer shall, as long as any Notes are outstanding, give prior notice to the Trustee of the principal amount of the Notes to be redeemed pursuant to any exercise by Gazprom or the Noteholders pursuant to any Call Option at Make Whole, Call Option at Par or Put Option, each as defined in Condition 6.
Immediately on receipt of the Call Option Notice at Par, the Issuer shall forward it to the Noteholders, the Trustee and the Principal Paying Agent.
The notice to be given (the “Call Option Notice at Par”) shall specify the date for prepayment of the Loan and the date for the redemption of the Notes (the “Call at Par Redemption Date”), which shall be the next following Business Day after the date for repayment of the Loan.
If Ascribe is unable to sell the Senior Notes as and when required pursuant to this Section 7.1, then Ascribe shall purchase the Senior Notes, for cash, at Par Value within fifteen (15) Business Days following the Redemption Date.