Conditional Redemption definition

Conditional Redemption means a redemption pursuant to a notice of redemption that provides that such redemption is subject to the occurrence of any event before the date fixed for such redemption as described in such notice of redemption.

Conditional Redemption means a redemption where the Issuer has stated in the redemption notice to the Trustee that the Issuer has retained the right to rescind the redemption. See the caption “The Series 2021 Bonds— Notice of Redemption” in the Official Statement.

Conditional Redemption has the meaning specified in Section 1104.

Examples of Conditional Redemption in a sentence

• Further, in the case of a Conditional Redemption, the failure of the Commission to make funds available in part or in whole on or before the redemption date shall not constitute an Event of Default.

• Any Conditional Redemption may be rescinded in whole or in part at any time prior to the redemption date if the Commission delivers a certificate of a Commission Official to the Trustee instructing the Trustee to rescind the redemption notice.

• In the case of a Conditional Redemption, the failure of the County to make funds available in part or in whole on or before the redemption date shall not constitute an event of default, and the Registration Agent shall give immediate notice to the Depository or the affected Bondholders that the redemption did not occur and that the Bonds called for redemption and not so paid remain outstanding.

• The notice may state that it is conditioned upon the deposit of moneys in an amount equal to the amount necessary to affect the redemption with the Registration Agent no later than the redemption date ("Conditional Redemption").

• Any Bonds subject to Conditional Redemption where redemption has been rescinded shall remain Outstanding, and the rescission shall not constitute an Event of Default.

More Definitions of Conditional Redemption

Conditional Redemption means a redemption where the Trustee has stated in the notice of redemption that the redemption is conditioned upon deposit of funds as further described in Section 3.4.

Conditional Redemption means a redemption where the Corporation has stated in the redemption notice to the Trustee that the redemption is conditioned upon certain events, including the deposit of funds.

Conditional Redemption means, in the case of an optional redemption, notice of redemption that states (i) that it is conditioned upon the deposit of moneys, in an amount equal to the amount necessary to effect the redemption, with the Trustee no later than the date that is five (5) Business Days prior to the redemption date or (ii) that the State retains the right to rescind such notice on or prior to the redemption date.

Conditional Redemption means an optional redemption described in Section 3.05.

Conditional Redemption means a redemption in which the Trustee, acting on written instructions set forth in an Officer's Certificate, has stated in the redemption notice to the Owners that (i) the redemption is conditioned upon deposit of funds or (ii) NVTC has retained the right to rescind the redemption, as further described in Section 3.4.

Conditional Redemption means an optional redemption described in Section 3.05 of the Resolution. "Conduit Bonds" means bonds, notes or other obligations issued by a Conduit Issuer to provide proceeds to

Conditional Redemption means a redemption where the State has stated in the redemption notice to the Trustee that (A) the redemption is conditioned upon deposit of funds or(B) the State has retained the right to rescind the redemption, as further described inSection 6.05.