Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

Optional Redemption Premium has the meaning set forth in the Statement.

Optional Redemption Premium means with respect to each Series 2051 RVMTP Share to be redeemed an amount equal to:

Examples of Optional Redemption Premium in a sentence

The Optional Redemption Premium shall be a premium equal to the following percentages of the principal amount: 6.00% during the second year following the date hereof, 3.00% during the third year following the date hereof, 2.00% during the fourth year following the date hereof, 1.00% during the fifth year following the date hereof, and 0.00% thereafter.
Optional Redemption Premium means with respect to 2.60% Series 2015 MTP Shares an amount equal to 0.00% of the Liquidation Preference for such 2.60% Series 2015 MTP Share.
Optional Redemption Premium means with respect to 2.65% Series 2015 # 1 MTP Shares an amount equal to 0.00% of the Liquidation Preference for such 2.65% Series 2015 # 1 MTP Share.
Thereafter, the Company may, at its option prepay in whole, but not in part, the principal of this Note and any Notes issued in lieu of the payment of interest hereon pursuant to the first paragraph of this Note by paying to the holder hereof such principal plus any accrued interest with respect thereto, plus the Optional Redemption Premium.
All calculations of the Series Optional Redemption Premium shall be calculated based on a 360-day year of twelve 30-day months.

More Definitions of Optional Redemption Premium

Optional Redemption Premium means with respect to each Series 2015 MTP Share an amount equal to:

Optional Redemption Premium has the meaning set forth in the Statement. The word “or” is used in its inclusive sense.

Optional Redemption Premium means, with respect to any Series, the premium payable by the Fund upon the redemption of RVMTP Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

Optional Redemption Premium has the meaning set forth in the Articles Supplementary.

Optional Redemption Premium means with respect to each Series 2022 VMTP Share to be redeemed an amount equal to:

Optional Redemption Premium has the meaning attributed thereto in Exhibit A hereto.

Optional Redemption Premium has the meaning set forth in the Notice.