Optional Redemption Premium definition

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.
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Optional Redemption Premium means with respect to each Series 2015 MTP Share an amount equal to:
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Optional Redemption Premium has the meaning set forth in the Statement.
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Examples of Optional Redemption Premium in a sentence

  • All calculations of the Series Optional Redemption Premium shall be calculated based on a 360-day year of twelve 30-day months.

  • During the period beginning two years after the Closing Date and thereafter, there shall be no Optional Redemption Premium.

  • The Optional Redemption Premium shall be equal to the greater of (i) ten percent of the Optional Redemption Amount, and (ii) such amount as will result, together with a pro rata portion of all amounts paid to the holder of the Senior Convertible Notes pursuant to Section 3.2 hereof, in the Holders of the Senior Convertible Notes receiving a compound annual return on the Optional Redemption Amount of 20%.

  • During the period beginning one year after and ending two years after the Closing Date, the Optional Redemption Premium shall be 1.5% of the principal amount of the Notes so redeemed.

  • The Enhancement Agreement does not guarantee the payment of the Optional Redemption Premium payable with respect to any optional redemption of the 2009 Notes or the payment of Additional Amounts with respect to the 2009 Notes.


More Definitions of Optional Redemption Premium

Optional Redemption Premium means with respect to each Series 2051 RVMTP Share to be redeemed an amount equal to:
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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.
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Optional Redemption Premium means with respect to each Series 2054-A RVMTP Share to be redeemed an amount equal to:
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Optional Redemption Premium means with respect to each Series 2022 VMTP Share to be redeemed an amount equal to:
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Optional Redemption Premium has the meaning set forth in the Statement. The word “or” is used in its inclusive sense.
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Optional Redemption Premium means with respect to each Series 2014 VMTP Share to be redeemed an amount equal to
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Optional Redemption Premium has the meaning set forth in the Articles Supplementary.
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