Maturity Extension Option definition

Maturity Extension Option has the meaning set forth in Section 2(b) below.

Maturity Extension Option means the Issuer´s option to extend the original Final Maturity Date with six (6) months.

Maturity Extension Option. On each Election Date, to the date occurring 366 calendar days from and including the 1st day of the next succeeding month Election Date 1st day of each month, from June 1, 2006 to May 1, 2010, inclusive Final Maturity Date: June 1, 2011 Interest Payment Dates: 1st day of each month, beginning on June 1, 2006 Interest Reset Dates: May 10, 2006 for the initial interest period and the 1st day of each month thereafter Interest Determination Dates: 2 London business days prior to the relevant Interest Reset Date Coupon 1-month LIBOR (Telerate 3750) + the Spread Spread: For Interest Reset Dates Occurring Spread From and including May 10, 2006 to and including May 1, 2007 Minus 0.01% From and including June 1, 2007 to and including May 1, 2008 Plus 0.01% From and including June 1, 2008 to and including May 1, 2009 Plus 0.02% From and including June 1, 2009 to and including May 1, 2010 Plus 0.03% From and including June 1, 2010 to and including May 1, 2011 Plus 0.04% Underwriters: Lxxxxx Brothers Inc. (Joint Book-Running Manager) LaSalle Financial Services, Inc. (Joint Book-Running Manager) Deutsche Bank Securities Inc. (Joint Book-Running Manager) Calyon Securities (USA) Inc. (Senior Co-Manager) HSBC Securities (USA) Inc. (Senior Co-Manager) Greenwich Capital Markets, Inc. (Senior Co-Manager) Comerica Securities, Inc. (Co-Manager) Credit Suisse Securities (USA) LLC (Co-Manager) J.X. Xxxxxx Securities Inc. (Co-Manager) Key Banc Capital Markets, A Division of MxXxxxxx Investments Inc. (Co-Manager) Mxxxxxx Lynch, Pierce, Fxxxxx & Sxxxx Incorporated (Co-Manager) Mitsubishi UFJ Securities International plc (Co-Manager) Pxxxx Xxxxxxx & Co. (Co-Manager) Rabo Securities USA, Inc. (Co-Manager) Scotia Capital (USA) Inc. (Co-Manager) SunTrust Capital Markets, Inc. (Co-Manager) UBS Securities LLC (Co-Manager) The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC, for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online database (EXXXX®) at wxx.xxx.xxx. Alternatively, you may obtain a copy of the prospectus from Lxxxxx Brothers Inc. by calling 1-000-000-0000, from LaSalle Financial Services, Inc. by calling 1-000-000-0000 or from Deutsche Bank Securities Inc. by...

Examples of Maturity Extension Option in a sentence

• On the Initial Maturity Date, and subject to the Maturity Extension Option (as defined below), the Company shall pay to the Holder all principal of and interest (and other amounts) accrued on this Note (collectively, the “Obligations”) either (i) in cash or (ii) to the extent permitted through an Exchange in accordance with Section 2(c) below.

• The application shall be made by means of a statement of costs and original receipts.

• If the Holder exercises the Maturity Extension Option, the Obligations shall become due on the Subsequent Maturity Date instead of the Initial Maturity Date, and Interest (and any other amounts) shall continue to accrue hereon through the full and final payment (through cash or an Exchange) of all Obligations.

• If the Holder does not exercise the Maturity Extension Option, the Obligations shall be deemed due and payable on the Initial Maturity Date.

• No Maturity Extension Option shall become effective unless (i) on the date of the applicable extension, no Default or Event of Default is continuing and (ii) on or prior to the date of the applicable extension, the Borrower has paid to the Administrative Agent, for the account of each Lender party to this Agreement as a Lender on such date, an extension fee in cash in an amount equal to 1.00% of the principal amount of such Lender’s Term Loans outstanding on such date that are being extended.

• If the Company exercises the Maturity Extension Option, the coupon will increase from 0.0% to 10.0% per annum during the Extension Term, with interest being payable monthly in arrears on the last day of each month during the Extension Term, computed on the basis of a 360-day year composed of twelve 30-day months.

• Distribution and Quality of Parks, Open Spaces and Wildlife sites in Charnwood A mapping process has been undertaken that accurately shows the full extent and distribution of Parks, Open Spaces and Wildlife sites across Charnwood.

• The Maturity Extension Option may only be exercised at one (1) occasion during the lifetime of the Bonds.

• Maturity Date: 20 September 2007, subject to adjustment in accordance with the Following Business Day Convention (the " Scheduled Maturity Date") and subject to the terms set out in Condition 13.2 (Redemption following a Credit Event) (see Schedule 1) and to extension pursuant to Issuer's Maturity Extension Option as provided below.

• If the Issuer has exercised the Maturity Extension Option pursuant to paragraph (b) above, the Issuer shall redeem all, but not only some, of the outstanding Bonds in full on the date falling six (6) months after the original Final Maturity Date (the " Extended Final Maturity Date") with an amount per Bond equal to the Nominal Amount together with accrued but unpaid Interest.

More Definitions of Maturity Extension Option

Maturity Extension Option has the meaning assigned to such term in Section 2.10(g).

Maturity Extension Option means the option, exercisable by the Issuer by written notice to the holder of the Notes at any time prior to 5:00 p.m. (Toronto time) on May 31, 2012, to extend the Maturity Date to December 31, 2012 in exchange for a cash payment to the holder of the Notes equal to 4% of the principal amount of the Notes held;