Redemption Window definition
Examples of Redemption Window in a sentence
The Authority will have the right to redeem the Notes in whole on a date within the Redemption Window set by the Authority which is no less than two (2) days following the Effective Date at a redemption price equal to 100% of the outstanding principal amount thereof together with interest, if any, accrued thereon from the most recent Quarterly Distribution Date to the redemption date (the “Redemption Price”).
If redemption is not made within the Redemption Window, the Authority will have no further right to redeem the Notes pursuant to Section 10.03(b) of the Indenture and the Notes will continue to bear interest until paid at the same rate as they would have borne had they not been called for redemption.
Any notice given pursuant to this clause (c) may state that it is a conditional notice and that the redemption may be (i) postponed if the Redemption Price is not available on the redemption date but is expected to be available on a subsequent date during the Redemption Window or (ii) cancelled if the Redemption Price is not provided for during the Redemption Window.
Unsatisfied redemption requests will not be automatically carried over to the next redemption period and, in order for a redemption request to be reconsidered, Limited Partners must resubmit their redemption request in the next quarterly Redemption Window, or upon the recommencement of this Program, as applicable.
At the election of holders of a majority of the then outstanding shares of Class B Common Stock (the "Class B Majority"), the Company shall redeem all (but not less than all) of the Class B Common Stock at the Redemption Price (as defined below), out of funds legally available therefor and on the terms set forth in this section, if the Class B Majority delivers a notice of its election to require such redemption (the "Redemption Request") to the Secretary of the Company during any Redemption Window.
The Series N Preferred Units may not be redeemed prior to September 25, 2006, or after September 25, 2009 (the "Redemption Window").
Unsatisfied redemption requests will not be automatically carried over to the next Redemption Window and, in order for a redemption request to be reconsidered, Unitholders must resubmit their redemption request after the start of the next Redemption Window, or upon the recommencement of this Plan, as applicable.