Optional Early Redemption Date definition

Optional Early Redemption Date means the first Payment Date falling 15 years after the Original Issue Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Optional Early Redemption Date means in respect of an Optional Redemption Event, the date designated as such by the Issuer, and, subject to the Non-Recourse Provisions below, the date on which an amount equal to the relevant Early Redemption Final RPV will be paid by the Issuer to the holder of the relevant AMCs which had been redeemed prior to the scheduled or extended Maturity Date, following that Optional Early Redemption Event.“Optional Early Redemption Event” means where the Issuer or the holder of the AMCs voluntarily commences a process of redeeming AMCs of this set of AMCs prior to the scheduled or extended Maturity Date of this set of AMCs.“Optional Early Redemption Request Date” means the Exchange Business Day (which is not a Disrupted Day) on which an existing holder of AMCs of this set of AMCs requests the Issuer to buy the relevant AMCs back from the holder of the relevant AMCs.“Other Acceptable Asset” means in respect of the Reference Portfolio of this set of AMCs, any asset other than a Security, a Commodity, or a Currency, which is acceptable to the JSE as specified in the JSE Listing Requirements from time to time.“Pricing Disruption” means in respect of a Reference Component any failure by any applicable price source to announce or publish a price at the relevant time that such price is required by the Calculation Agent, the Market Maker, or the Issuer, as applicable.“Recognised Exchange” means any exchange or quotation system which is a member of the World Federation of Exchanges, or an exchange, or quotation system which is operating in a jurisdiction where the main regulator of that exchange or quotation system is an ordinary member of IOSCO.“Reference Component” means, in respect of the Reference Portfolio of this set of AMCs, each notional Security, Commodity, Currency, Money, and Other Acceptable Asset specified as a notional Reference Component in the Reference Portfolio of this set of AMCs, from time to time, and which is sufficiently liquid for price formation to enable the Calculation Agent to determine and calculate the iRPV and RPV of the Reference Portfolio of this set of AMCs.“Reference Component Closing Price” means, in respect of a Valuation Date of this set of AMCs, and with reference to a Security or an ET Security, in the Reference Portfolio of this set of AMCs, an amount equal to the official closing price of such Security or ET Security, as applicable, quoted on the relevant Exchange as determined by the Calculation Agent on the relevant Valuation ...

Optional Early Redemption Date has the meaning set forth in Section 4.3(b).

Examples of Optional Early Redemption Date in a sentence

Any Paying Agent which receives a Put Option Notice in respect of Notes represented by a Permanent Global Note shall make payment of the relevant redemption moneys and interest accrued to the Optional Early Redemption Date (Put) in accordance with the Conditions, Clause 7 (Payments to Noteholders) and the terms of the Permanent Global Note.
At least one Business Day prior to any Optional Early Redemption Date or Early Tax Redemption Date, as the case may be, Unibanco shall deposit with the Trustee an amount of money sufficient to pay the Optional Early Redemption Price or the Early Tax Redemption Price, as applicable, of all the Notes.
Any such cancellation that occurs after the Optional Early Redemption Date shall be deemed effective as of the immediately succeeding Interest Payment Date provided that the Notes are redeemed in full on such Interest Payment Date.
If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid, bear interest from the Optional Early Redemption Date or the Early Tax Redemption Date, as applicable, at the Note Rate.
The Issuer shall redeem the Early Redemption Principal Amount held by the Holder in an amount equal to the Early Redemption Amount on the Optional Early Redemption Date.
At least one Business Day prior to any Optional Early Redemption Date or Early Tax Redemption Date, as the case may be, Unibanco will provide to the Paying Agent a notice regarding the payment by Unibanco to the Paying Agent of the Optional Early Redemption Price or the Early Tax Redemption Price, as applicable.

More Definitions of Optional Early Redemption Date

Optional Early Redemption Date means the date falling at the expiry of 30 months from the Deemed Date of Allotment (or such other later date as may be agreed between the Company and the Debenture Trustee (acting on the instructions of the Debenture Holders by way of a Unanimous Resolution)).

Optional Early Redemption Date has the meaning set forth in Condition 9.3 hereof. “Register” has the meaning set forth in Condition 11.2 hereof.