Examples of First Optional Redemption Date in a sentence
Any false statement in this Affidavit or violation of the Owner-Occupant Law shall subject us to a misdemeanor charge with a fine not to exceed $2,000, or by Owner-Occupant Affidavit Page 4 imprisonment of up to a year, or both.
No guarantee can be given that the Issuer will exercise its option or that there will be a third party purchaser and therefore that the Notes will be redeemed on such First Optional Redemption Date or any Quarterly Payment Date thereafter.
Until the Notes Payment Date immediately preceding the First Optional Redemption Date, the Issuer is obliged to accept each such offer of Further Advance Receivables, on the condition that the purchase of such Further Advance Receivable does not result in a breach of any of the Additional Purchase Conditions.
In accordance with the provisions of Conditions 4, 6 and 9 and the Trust Deed the right to payment of principal on the Class B Notes will be subordinated to, inter alia payments of principal amounts and following delivery of an Enforcement Notice interest amounts in respect of the Class A Notes, and as from but excluding the First Optional Redemption Date, the Class A Excess Consideration Revenue Shortfall Amount payable in respect of the Class A Notes if applicable.
The Class X Revenue Amount shall be payable to the holders of the Class X Notes quarterly in arrear in EUR on each Notes Payment Date up to and including the First Optional Redemption Date by paying in respect of each Class X Note the Class X Revenue Interest Amount.