Examples of Election Date in a sentence
In addition, on the Group 1 Recovery Election Date, if any, the Holders of Written-down Group 1 Notes may elect either (x) to receive their proportionate shares of the Group 1 Projected Recovery Amount on the Group 1 Recovery Election Date or (y) to receive their proportionate shares of the Group 1 Liquidation Recovery Amount on the Group 1 Liquidation Date.
Otherwise, those Holders who so elect to receive the Group 2 Projected Recovery Amount will receive their proportionate shares of such amount on the Group 2 Recovery Election Date and each Holder not electing to receive the Group 2 Projected Recovery Amount (including any Holder who makes no election) will receive its proportionate share of the Group 2 Liquidation Recovery Amount on the Group 2 Liquidation Date.
Fannie Mae will make monthly payments of accrued interest and periodic payments of principal to the Noteholders.The Notes will be issued at par and will be 12.5-year, uncapped LIBOR-based floaters.On the Recovery Election Date, if any, for a Group, the Class Principal Balances of all outstanding Notes in that Group will be paid in full.
Otherwise, those Holders who so elect to receive the Group 1 Projected Recovery Amount will receive their proportionate shares of such amount on the Group 1 Recovery Election Date and each Holder not electing to receive the Group 1 Projected Recovery Amount (including any Holder who makes no election) will receive its proportionate share of the Group 1 Liquidation Recovery Amount on the Group 1 Liquidation Date.
The Trustees shall notify the Exchange Rate Agent as soon as practicable after the Election Date of the aggregate principal amount of Securities for which Holders have made such written election.