Redemption Call definition

Redemption Call means a written notice from the Agent to the Companies stating that the Agent has determined any of the following:
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Redemption Call means a written notice from the Agent to the Company stating that the Agent has determined that either (i) the weighted average FICO score of all pledged Alt-A Loans is less than 690 and calling on the Company to redeem lower FICO score pledged Alt-A Loans to correct such deficiency if and as required by Section 6.4, (ii) the weighted average FICO score of all pledged Second Lien Loans and HELOCs is less than 690 and calling on the Company to redeem lower FICO score pledged Second Lien Loans and HELOCs to correct such deficiency if and as required by Section 6.4, or (iii) less than ninety-five percent (95%) of the aggregate Principal Balances of all Pledged Loans — excluding Alt-A Loans, Second Lien Loans, Repurchased Loans, Subprime Loans, Jumbo Loans and Super Jumbo Loans — fully conform to all underwriting and other requirements for purchase by ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac and calling on the Company to redeem a sufficient number of nonconforming Mortgage Loans to correct such deficiency if and as required by Section 6.4
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Redemption Call means a written notice from the Agent to the Company stating that the Agent has determined that the weighted average FICO score of all pledged Alt-A Loans is less than 680 and calling on the Company to redeem lower FICO score pledged Alt-A Loans to correct such deficiency if and as required by SECTION 6.4.
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Examples of Redemption Call in a sentence

  • In any such case, such notice shall set out the formula for determining the Redemption Price or the Redemption Call Purchase Price, as the case may be, the Redemption Date and, if applicable, particulars of the Redemption Call Right.

  • If Callco exercises the Redemption Call Right, on the Redemption Date Callco will purchase and the holders will sell all of the Exchangeable Shares then outstanding for a price per share equal to the Redemption Call Purchase Price.

  • The Transfer Agent will notify the holders of the Exchangeable Shares as to whether or not Callco has exercised the Redemption Call Right forthwith after the expiry of the period during which the same may be exercised by Callco.

  • Such notice shall set out the formula for determining the Redemption Price or the Redemption Call Purchase Price, as the case may be, the Automatic Redemption Date and, if applicable, particulars of the Redemption Call Right.

  • Such notice shall set out the Redemption Price or the Redemption Call Purchase Price, as the case may be, the Automatic Redemption Date and, if applicable, particulars of the Redemption Call Right.

  • The Transfer Agent will notify the holders of the Exchangeable Shares as to whether Callco has exercised the Redemption Call Right forthwith after the expiry of the period during which the same may be exercised by Callco.

  • The Transfer Agent will notify the holders of the Exchangeable Shares as to whether or not RTO Acquiror and/or Callco has exercised the Redemption Call Right forthwith after the expiry of the period during which RTO Acquiror or Callco may exercise the Redemption Call Right.

  • In the event of the exercise of the Redemption Call Right by Callco, each holder of Exchangeable Shares shall be obligated to sell all the Exchangeable Shares held by such holder to Callco on the Redemption Date upon payment by Callco to such holder of the Redemption Call Purchase Price for each such Exchangeable Share, whereupon Canco shall have no obligation to redeem, or to pay the Redemption Price in respect of, such shares so purchased by Callco.

  • In the event of the exercise of the Redemption Call Right by Callco, each holder shall be obligated to sell all the Exchangeable Shares held by the holder to Callco on the Redemption Date on payment by Callco to the holder of the Redemption Call Purchase Price for each such share, and Exchangeco shall have no obligation to redeem, or to pay any Dividend Amount in respect of, such shares so purchased by Callco.

  • In the case of a Redemption Date established in connection with a Parent Control Transaction, an Exchangeable Share Voting Event and an Exempt Exchangeable Share Voting Event, the written notice of redemption by the Corporation or the purchase by Parent under the Redemption Call Right will be sent on or before the Redemption Date, on as many days prior written notice as may be determined by the Board of Directors of the Corporation to be reasonably practicable in the circumstances.

Related to Redemption Call

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Redemption Call Purchase Price has the meaning provided in Section 1.4;

  • Redemption Limit means the sum of the Maximum Daily Redemption Limits applicable to the LS Margin Account Agreement relating to the ETP Securities.

  • Redemption Period means the period from, and including, the relevant Redemption Notice Date until the close of business on the second Scheduled Trading Day immediately preceding the related Redemption Date.

  • 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.