Examples of Mandatory Redemption Date in a sentence
The notice for any such mandatory redemption may be conditional, to the effect that if the Purchase Date occurs not later than the close of business on the second Business Day preceding such Initial Mandatory Redemption Date (as such date may be extended hereunder), the noticed mandatory redemption shall be canceled.
In the event that the Pass-Through Certificates has not been purchased by the Trustee ten (10) Business Days prior to the Initial Mandatory Redemption Date (as such date may be extended hereunder), the Trustee shall provide written notice to the Borrowers and the Issuer of such non- purchase.
In the event that all of the Series G Preferred Shares then Outstanding are required to be redeemed pursuant to paragraph 6 of Part II hereof prior to the Mandatory Redemption Date, the Fund shall redeem such shares at the Redemption Price and proceed to do so as set forth in paragraph 4(c) hereof.
The Company’s failure to pay the full Redemption Amount by the Mandatory Redemption Date is a “Redemption Trigger Event,” which provides additional protection to Petitioner in connection with its investment.
The Fund is required to redeem all Outstanding Series G Preferred Shares on the Mandatory Redemption Date at the Redemption Price (as defined below).