Gross Redemption definition

Gross Redemption. Yield on the Bonds and on the Reference Stock will be expressed as a percentage and will be calculated on the basis indicated by the Joint Index and Classification Committee of the Institute and Faculty of Actuaries as reported in the Journal of the Institute of Actuaries, Vol. 105. Part 1, 1978, page 18 or on such basis as the Trustee may approve. Notices of redemption will specify the date fixed for redemption, the applicable redemption price and, in the case of partial redemption, the serial members of Bonds called for redemption, the serial numbers of Bonds previously called for redemption and not presented for payment and the aggregate principal amount of the Bonds to remain outstanding after the redemption. Upon the expiry of any notice of redemption the Company shall be bound to redeem the Bonds called for redemption at the applicable redemption price. In the case of partial redemption, Bonds to be redeemed will be drawn for redemption at such place and individually by lot or otherwise in such manner as may be approved by the Trustee.
View Source

Examples of Gross Redemption in a sentence

  • The Gross Redemption Yield on the Bonds and the Reference Stock will be expressed as a percentage and will be calculated on the basis indicated by the Joint Index and Classification Committee of the Institute and Faculty of Actuaries as reported in the Journal of the Institute of Actuaries, Vol.

  • The Gross Redemption Yield on the Bonds and the Reference Stock will be expressed as a percentage and will be calculated on the basis indicated by the joint Index and Classification Committee of the Institute and Faculty of Actuaries as reported in the journal of the Institute of Actuaries, Vol.

  • The Gross Redemption Yield on the Bonds and the Reference Stock will be expressed as a percentage and will be calculated on the basis indicated by the Joint Index and Classification Committee of the Institute and Faculty of Actuaries as reported in the journal of the Institute of Actuaries, Vol.105, Part 1,1978, page 18 or on such other basis as the Trustee may approve.

  • The Gross Redemption Yield on the Bonds and the Reference Stock will be expressed as a percentage and will be calculated on the basis indicated by the Joint Index and Classification Committee of the Institute and Faculty of Actuaries as reported in the journal of the Institute of Actuaries, Vol.

Related to Gross Redemption

  • Gross Redemption Yield means a yield calculated in accordance with generally accepted market practice at such time, as advised to the Trustee by the Financial Adviser.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Accumulation Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.