Partial Repurchase definition
Examples of Partial Repurchase in a sentence
If any Notes are repurchased by the Company or by any Designated Repurchaser pursuant to this Section 2.6, each Purchaser shall deliver to the Administrative Agent the Notes held by it that are to be repurchased endorsed for transfer or accompanied by bond powers executed by such Purchaser, against receipt of payment of the Repurchase Price, the Mandatory Partial Repurchase Amount or the amount of the voluntary repurchase, as the case may be.
Pursuant to the Charged Agreement, upon execution of this Partial Repurchase Agreement by all the parties hereto, the respective liabilities of the Swap Counterparty and the Issuer under the Charged Agreement shall be terminated pro tanto in an amount equal to the aggregate principal amount of the Repurchased Notes and the aggregate principal amount of the Relevant Charged Assets.
Partial Repurchase of Options is not permitted by this First Amendment.
On the Partial Repurchase Date, the Seller shall transfer to the Agent’s Account in immediately available funds an amount equal to the Capital specified in such notice, and the Agent shall distribute such funds ratably to the Investors or the Banks that hold the outstanding Receivable Interests, to be applied to the reduction of Capital.
Any decision by the board of directors of Wings on any Partial Repurchase Date not to use all Available Cash to effect a Partial Repurchase may only be made if a majority of the Series C Directors consent to such decision.