Premium Call Period definition

Premium Call Period has the meaning set forth under the definition of “Specific Redemption Provisions.”

Premium Call Period means a period consisting of a number of whole years as determined by the Board of Trustees after consultation with the Broker-Dealers, during each year of which the shares subject to such Special Dividend Period will be redeemable at the Trust's option at a price per share equal to the Liquidation Preference plus accumulated but unpaid dividends (whether or not earned or declared) plus a premium expressed as a percentage or percentages of the Liquidation Preference or expressed as a formula using specified variables as determined by the Board of Trustees after consultation with the Broker-Dealers.

Premium Call Period shall have the meaning set forth below under "Specific Redemption Provisions."

Examples of Premium Call Period in a sentence

• A series of 550 shares of preferred shares, without par value, liquidation preference $100,000 per share plus accumulated but unpaid dividends, if any thereon (whether or not earned or declared) plus the premium, if any, resulting from the designation of a Premium Call Period, is hereby designated Remarketed Preferred Shares, Series A.

• DESIGNATION SERIES A A series of 550 shares of preferred shares, without par value, liquidation preference $100,000 per share plus accumulated but unpaid dividends, if any thereon (whether or not earned or declared) plus the premium, if any, resulting from the designation of a Premium Call Period, is hereby designated Remarketed Preferred Shares, Series A.

• Premium Call Period has the meaning specified in Specific Redemption Provisions, below.

• Series A shall be identical except as provided in paragraph 4 of this Part I of this Section 12.1. SERIES B A series of 550 shares of preferred shares, without par value, liquidation preference $100,000 per share plus accumulated but unpaid dividends, if any thereon (whether or not earned or declared) plus the premium, if any, resulting from the designation of a Premium Call Period, is hereby designated Remarketed Preferred Shares, Series B.

• Subject to the Effective Date Letter, each commitment reduction (or termination) pursuant to Section 4.07(a) above that is made during the Premium Call Period (unless, for the avoidance of doubt, the Premium Call Period has ended as a result of a Premium Call Termination Date), whether in full or in part (or terminates the Financing Commitments in whole) shall be accompanied by a premium equal to 0.50% of the principal amount of such commitment reduction (or termination).

More Definitions of Premium Call Period

Premium Call Period means the period beginning on, and including, the last day of the Non-Call Period in effect as of the Effective Date and ending on, but excluding, the twelve month anniversary thereof; provided that, if the Scheduled Termination Date is extended upon a Maturity Extension Request during such period, the "Premium Call Period" shall be extended an additional six (6) months.

Premium Call Period means the period commencing on March 7, 2023 and ending on, but excluding, the earlier of (i) March 7, 2024 and (ii) any Premium Call Termination Date.

Premium Call Period has the meaning specified in “Specific Redemption Provisions,” below.

Premium Call Period has the meaning specified in “Specific Redemption Provision,” below.

Premium Call Period has the meaning set forth under the definition of "Specific Redemption Provisions".

Premium Call Period has the meaning specified in Specific Redemption Provision, below. Pricing Service means Mellon Investdata Corp., or any successor company or entity, or as designated from time to time by the Board of Trustees. Notwithstanding the foregoing, the Board of Trustees will not designate a new Pricing Service unless the Trust has received a written confirmation from Moodys and S&P that such action would not impair the ratings then assigned by Moodys and S&P to shares of RP. Quarterly Valuation Date means the last Business Day of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing October 31, 1989. Remarketing means each periodic operation of the process for remarketing shares of RP as described in Part II hereof. -114-

Premium Call Period has the meaning specified in Specific Redemption Provisions, below. Pricing Service means Mellon Investdata Corp., or any successor company or entity, or as designated from time to time by the Board of Trustees. Notwithstanding the foregoing, the Board of Trustees will not designate a new Pricing Service unless the Trust has received a written confirmation from Moodys and S&P that such action would not impair the ratings then assigned by Moodys and S&P to shares of RP. Quarterly Valuation Date means the last Business Day of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing October 31, 1989. Remarketing means each periodic operation of the process for remarketing shares of RP as described in Part II hereof. Remarketing Agents means Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and PrudentialBache Securities Inc. and any additional or successor companies or entities which have entered into an agreement with the Trust to follow the remarketing procedures for the purpose of determining the Applicable Dividend Rate. RP means, as the case may be, Remarketed Preferred Shares, Series A Remarketed Preferred Shares, Series B or Remarketed Preferred Shares, Series C. RP Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to the sum of (i) (A) the product of the number of shares of RP and Other RP outstanding on such date multiplied by $100,000 (B) the aggregate amount of dividends that will have accumulated (whether or not earned or declared) for each share of RP and Other RP outstanding in each case to (but not including) the next Dividend Payment Date that follows such Valuation Date (C) the aggregate amount of dividends that would accumulate at the then current Maximum Dividend Rate on any shares of RP and Other RP outstanding from the Business Days following such respective Dividend Reset Dates through the 63rd day after such Valuation Date, multiplied by the larger of factors (currently 246%) determined from time to time by Moodys and S&P and designed to take into account potential increases in dividend rates over such period (except that if such Valuation Date occurs during a NonPayment Period, the dividend for purposes of calculation would accumulate at the then current NonPayment Period Rate) (D) the amount of anticipated expenses of the Trust for the 90 days subsequent to such Valuation Date (E) the premium, if any, resulting from the designation of a Premium Call Period and (F) any current liabi...