Examples of Mandatory Redemption Triggering Event in a sentence
The Trustee may conclusively presume that the Special Mandatory Redemption Triggering Event has not occurred unless and until the Company notifies the Trustee in writing that the Special Mandatory Redemption Triggering Event has occurred.
The Trustee will have no duty to monitor or determine whether or not the Special Mandatory Redemption Triggering Event has occurred.
The Paying Agent shall apply any amount of Escrow Property received by the Escrow Agent following a Mandatory Redemption Triggering Event to pay the Special Mandatory Redemption Price for all then outstanding Notes on the Special Mandatory Redemption Date and then any excess funds shall be returned by the Paying Agent to the Escrow Issuer.
No Draw Down Termination Event or Mandatory Redemption Triggering Event shall exist, or would result from the closing of transactions contemplated under the Draw Down Notice or from the application of the proceeds thereof.
The Notes may not be redeemed and are not subject to any sinking fund; provided, however, that if a Special Mandatory Redemption Triggering Event occurs, the Company shall redeem all of the Second Tranche Notes in accordance with the provisions of Section 4 of the Supplemental Indenture.
In order to investigate this issue, a panel analysis is necessary.
All or a portion of the applicable redemption price for any Trust Redemption Right or for a Mandatory Redemption Right pursuant to clauses (iv) – (vi) of the definition of Mandatory Redemption Triggering Event above may be paid by the Trust in its sole discretion by executing and delivering to any holder of Series D Preferred Shares being redeemed a promissory note in the form attached hereto as Exhibit A, having a principal amount equal to the redemption price payable to such holder(s).
Notice of redemption shall be given, with a copy to the Trustee, not later than five (5) Business Days following the Special Mandatory Redemption Triggering Event, to each Securityholder at its registered address (a “Special Mandatory Redemption Notice”).
If a Special Mandatory Redemption Triggering Event occurs, the Company shall redeem all of the aggregate principal amount of the Outstanding Securities of this series on (a) October 31, 2011 or, if earlier, (b) the 30th day (or if such day is not a Business Day, the first Business Day thereafter) following the date on which the Merger Agreement is terminated as described in (ii) above (any such date, the “Special Mandatory Redemption Date”).
After the occurrence of a Mandatory Redemption Triggering Event, the Company shall redeem all of the Notes (the “ Mandatory Redemption”), upon written notice as set forth in Section 3.4(d) below, at a redemption price equal to 100% of the principal amount of the Notes (the “Mandatory Redemption Price”), together with accrued and unpaid interest, if any, up to, but excluding the Mandatory Redemption Date and any Registration Delay Payments, if any.