Minimum Denomination definition
Examples of Minimum Denomination in a sentence
Notes and portions of Notes selected will be in amounts of the Minimum Denomination or whole multiples of $1,000 in excess thereof; except that Notes of the Minimum Denomination or less shall be redeemed in whole and not in part and if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder shall be redeemed or purchased.
Upon surrender of a Note that is redeemed or purchased in part, the Issuer shall issue and, upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Issuer a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered; provided that each new Note will be in a principal amount of the Minimum Denomination or an integral multiple of $1,000 in excess thereof.
The Notes shall be in denominations of the Minimum Denomination and integral multiples of $1,000 in excess thereof.
No Notes of the Minimum Denomination or less may be redeemed in part.