Extraordinary Optional Redemption definition

Extraordinary Optional Redemption or "Optional Redemption During Daily or Weekly Rate Period" in Section 8 of the form of the Bonds, unless moneys sufficient to pay the principal of, redemption premium, if any, and interest on the Bonds to be redeemed shall have been received by the Trustee prior to the giving of such notice of redemption, such notice may state that said redemption shall be conditional upon the receipt of such moneys by the Trustee on or prior to the date fixed for redemption. If such moneys are not received, such notice shall be of no force and effect, the Issuer shall not redeem such Bonds, the redemption price shall not be due and payable, and the Trustee shall give notice, in the same manner in which the notice of redemption was given, that such moneys were not so received and that such Bonds will not be redeemed. Failure to give any required notice of redemption as to any particular Bonds or any defect therein will not affect the validity of the call for redemption of any Bonds in respect of which no such failure or defect has occurred. Any notice mailed as provided in the Bonds shall be effective when sent and will be conclusively presumed to have been given whether or not actually received by any holder.

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Extraordinary Optional Redemption means any redemption of Bonds made pursuant to Section 9.01(c) hereof.

Extraordinary Optional Redemption means any redemption made pursuant to Section 701(e) hereof.

Examples of Extraordinary Optional Redemption in a sentence

While the Bonds of a series bear interest at an Auction Period Rate, they are callable in whole or in part by the Company at par plus accrued interest on the Interest Payment Date immediately following the end of an Auction Period; provided that after any optional redemption (including an Extraordinary Optional Redemption) there shall be not less than $10,000,000 in aggregate principal amount of any Bonds bearing interest at an Auction Period Rate unless otherwise consented to by any Broker-Dealer.
In the case of an Extraordinary Optional Redemption, the Obligor's direction to the Issuer to redeem shall be given, if at all, within six months following the occurrence of the event giving rise to such redemption.
Option to Prepay Installment Payments upon Extraordinary Optional Redemption under Indenture ............................................................................
Optional Redemption Periods (inclusive) Redemption Prices --------------------------------------- ----------------- June 1, 2009 through May 31, 2010 101% June 1, 2010 and thereafter 100 Extraordinary Optional Redemption.
Optional and Extraordinary Optional Redemption; Option to Prepay Installment Payments under Indenture...........................................................
In addition to Extraordinary Optional Redemption, Optional Redemption, mandatory redemption upon Determination of Taxability and mandatory redemption upon completion, the Series 2007A Bonds are subject to mandatory sinking fund redemption pursuant to and in the manner specified in Section 5.2 (herein referred to as “Mandatory Sinking Fund Redemption”).
Section 6.2. Extraordinary Optional Redemption.............................
Extraordinary Optional Redemption from Insurance and Condemnation Proceeds.
Option to Prepay Upon Extraordinary Optional Redemption Under the Indenture 12 Section 6.03.
Section 9.2. Extraordinary Optional Redemption of Bonds.................

More Definitions of Extraordinary Optional Redemption

Extraordinary Optional Redemption. A redemption of all Outstanding Notes at the option of the Issuer on the Redemption Date referred to in Section 11.1(2) of the Security Agreement.

Extraordinary Optional Redemption. Subject to the Prior Agreements, if all or a substantial portion of the Leased Facilities are damaged or destroyed by fire or other casualty, or title to or the temporary use of all or a substantial portion of such facilities is condemned or taken for any public or quasi-public use by any governmental entity exercising or threatening the exercise of the power of eminent domain, or title thereto is found to be deficient, to such extent that in the determination of the College (A) such facilities cannot be reasonably restored or replaced to the condition thereof preceding such event, or (B) the College is thereby prevented from carrying on its normal operations, or (C) the cost of restoration or replacement thereof would exceed the Net Proceeds of any casualty insurance, title insurance, condemnation awards or sale under threat of condemnation with respect thereto, the Series 2022 Bonds are subject to extraordinary optional redemption prior to maturity, in whole or in part at any time or from time to time, from and to the extent of any condemnation or insurance proceeds deposited in the Debt Service Fund pursuant to the Agreement, at the election of the Authority with the consent of the College. Any such redemption shall be made on the earliest practicable date at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption.