Paired Optional Redemption definition

Paired Optional Redemption shall have the meaning set forth in Section 6.1(a) hereof.
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Paired Optional Redemption means a redemption of the Paired Shares in MacroShares Units as described in “DESCRIPTION OF THE DOWN MACROSHARES — Final Distribution — Final Distributions in Paired Optional Redemptions.”
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Paired Optional Redemption means a redemption of the Paired Holding Shares in MACRO Units as described in "DESCRIPTION OF THE UP-MACRO HOLDING AND TRADEABLE SHARES -- Final Distribution -- Final Distributions in Paired Optional Redemptions."
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Examples of Paired Optional Redemption in a sentence

  • The Authorized Participant directing the Paired Optional Redemption must be the Beneficial Owner of the Paired Holding Shares or the Up-MACRO and Down-MACRO Tradeable Shares which are being tendered for redemption, as shown on the records of the Depository.

  • The Authorized Participant directing the Paired Optional Redemption must be the Beneficial Owner of the Paired Holding Shares or the Down-MACRO and Up-MACRO Tradeable Shares which are being tendered for redemption, as shown on the records of the Depository.

  • The Authorized Participant directing the Paired Optional Redemption must be the Beneficial Owner of the Paired Shares which are being tendered for redemption, as shown on the records of the Depository.

  • The accounts to be credited and charged shall be designated by the Trustee and each Authorized Participant, in the case of a Paired Subsequent Issuance or Paired Optional Redemption of MACRO Units.

  • The accounts to be credited and charged shall be designated by the Trustee, as instructed by the Administrative Agent, and each Authorized Participant, in the case of a Paired Subsequent Issuance or Paired Optional Redemption of MACRO Units.

  • On any Redemption Date on which a Paired Optional Redemption occurs, the Trustee, acting together with the Down-MACRO Holding Trustee on behalf of their respective Paired Holding Trusts, shall settle one Settlement Contract for each MACRO Unit of Paired Holding Shares being redeemed.

  • Any Paired Optional Redemption by an AP Affiliated Person will be executed in accordance with Section 6.1(d) (an "AP In-Kind Redemption").

  • We expect to be provisionally accredited for the first 2 years after the launch of the programme and full accreditation will be expected in about 3 years thereafter.

  • Alternatively, the Authorized Participants directing the Paired Optional Redemption may be holders of Up-MACRO and/or Down-MACRO Tradeable Shares and may deliver such shares to the Up-MACRO Tradeable Trust and/or the Down MACRO Tradeable Trust to be exchanged for Up-MACRO and/or Down-MACRO Holding Shares and redeemed in a Paired Optional Redemption in accordance with the terms of the Participants Agreement.

  • Alternatively, the Authorized Participants directing the Paired Optional Redemption may be holders of Up-MACRO and/or Down-MACRO Tradeable Shares and may deliver such shares to the Up-MACRO Tradeable Trust and/or the Down-MACRO Tradeable Trust to be exchanged for Up-MACRO and/or Down-MACRO Holding Shares and redeemed in a Paired Optional Redemption in accordance with the terms of the Participants Agreement.

Related to Paired Optional Redemption

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • 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 Notice Date shall have the meaning set forth in Section 6(a).

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Early Preference Share Redemption Event means the event that occurs if:

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Make-Whole Redemption Amount means the sum of:

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.