Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

Redemption Notes means interest-bearing promissory notes of the Corporation with a maturity of not more than 10 years from the date of issue and bearing interest at a fixed rate equal to the yield on the U.S. Treasury Note having a maturity comparable to the term of such Redemption Notes as published in The Wall Street Journal or comparable publication at the time of the issuance of the Redemption Notes. Such notes shall be governed by the terms of an indenture to be entered into by and between the Corporation and a trustee, as may be amended from time to time. Redemption Notes shall be redeemable at par plus accrued but unpaid interest.

Redemption Notes means unsecured subordinated promissory notes of the REIT or a subsidiary of the REIT having a maturity date and interest rate to be determined at the time of issuance by the Trustees, such promissory notes to provide that the REIT or such subsidiary, as the case may be, shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus;

Examples of Redemption Notes in a sentence

Target Redemption Notes may offer a floating rate of interest or a combination of fixed and floating rates of interest with the aggregate amount of interest to be paid under the Notes limited by an overall maximum rate of interest.
Each Series and Class (or Sub-Class) of Master Issuer notes may be Bullet Redemption Notes, Scheduled Redemption Notes, Pass-Through Notes or a combination of any of the foregoing, depending upon the Redemption/Payment Basis shown in the applicable Final Terms.
Redemption Basis: [Redemption at par] [Instalment][Variable Linked Redemption Notes][[ ] per cent.
In such event, interest will continue to accrue as provided in the Trust Deed.5. IndexationThis Condition 5 shall only apply to Notes in respect of which the applicable Final Terms specify Index-Linked Interest ("Index-Linked Interest Notes") and/or Index-Linked Redemption ("Index-Linked Redemption Notes" and, together with Index-Linked Interest Notes, "Index- Linked Notes"), unless otherwise specified in the applicable Final Terms.

More Definitions of Redemption Notes

Redemption Notes means interest bearing promissory notes of the Corporation with a maturity of not more than 10 years from the date of issue and bearing interest at a fixed rate equal to the yield on the U.S. Treasury Note having a maturity comparable to the term of such promissory note as published in The Wall Street Journal or comparable publication at the time of the issuance of the promissory note.

Redemption Notes means, in the case where a cash redemption is not applicable to Units tendered for redemption, the promissory notes of the Trust that may be distributed by the Trust to satisfy the Redemption Price, with such notes having an interest rate that is equal to the annual average Royal Bank of Canada prime rate calculated from the day the Note is issued and such other commercially reasonable terms as AdminCo may prescribe, subject to a maximum term of five (5) years from the date of issue, as determined in the sole Discretion of AdminCo, provided that the applicable interest shall be paid in a lump sum on the on the maturity date of a Redemption Note;

Redemption Notes means promissory notes issued in series, or otherwise, by the Trust pursuant to a note indenture or otherwise and issued to a redeeming Unitholder as described in Item 4.1, “Capital - Summary of the Declaration of Trust - Redemptions” and having the following terms and conditions:

Redemption Notes means the unsecured subordinated promissory notes of the Trust having a maturity date and interest rate to be determined at the time of issuance by the Trustees, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus;

Redemption Notes means promissory notes issued to Unitholders as payment for the Redemption Price in the circumstances where Units are not redeemed for cash;

Redemption Notes means promissory notes issued in series, or otherwise, by PET pursuant to a note indenture and issued to redeeming Unitholders in principal amounts equal to the Market Redemption Price or Appraised Redemption Price of the Trust Units to be redeemed and having the following terms and conditions: