Underlying Securities Redemption definition

Underlying Securities Redemption. In certain circumstances summarized in the Prospectus Supplement, the Underlying Securities are redeemable at the option of the Underlying Securities Issuer, in whole or in part, at any time or from time to time, on at least 30 days, but not more than 60 days, prior notice. The redemption price will be equal to the greater of (i) 100% of the principal amount of the Underlying Securities to be redeemed or (ii) the sum of the present values of the remaining scheduled payments discounted, on a semiannual basis (assuming a 360-day year of twelve 30-day months), at a rate equal to the sum of the treasury rate plus 20 basis points. Accrued and unpaid interest will be payable to the redemption date.
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Underlying Securities Redemption. In certain circumstances summarized in the Prospectus Supplement, the Underlying Securities are redeemable at the option of the Underlying Securities Issuer, in whole but not in part, at any time upon not less than 30 nor more than 60 days' notice given to the holders of Underlying Securities in the manner described in the Underlying Securities Indenture (which notice shall be irrevocable). The redemption price will be equal to 100% of the principal amount thereof plus accrued interest to the redemption date.
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Underlying Securities Redemption. The Underlying Securities will be mandatorily redeemed upon repayment of the junior subordinated debentures held by the Underlying Securities Issuer at maturity or their earlier redemption. The junior subordinated debentures are not redeemable at the option of the junior subordinated debentures issuer, other than in certain circumstances following the occurrence of a Special Event, as defined in the Underlying Securities Prospectus. Upon the occurrence and continuation of a Special Event, the Underlying Securities Guarantor will have the right, if certain conditions are met, (1) in the case of a Tax Event, as defined in the Underlying Securities Prospectus, to shorten the stated maturity of the Underlying Securities to a date not earlier than December 15, 2011 or (2) to redeem the Underlying Securities in whole (but not in part) within 90 days following the occurrence of such Special Event (at a redemption price equal to 100% of the principal amount of such Underlying Securities, plus accrued and unpaid interest to the date of redemption) and thereby cause a mandatory redemption of the Underlying Securities. ANNEX A Exercise Price per Call Dates Trust Certificate (in U.S. dollars) ---------- ----------------------------------- June 15, 2006 through December 14, 2006 25.8300 December 15, 2006 through June 14, 2007 25.8125 June 15, 2007 through December 14, 2007 25.8000 December 15, 2007 through June 14, 2008 25.7850 June 15, 2008 through December 14, 2008 25.7700 December 15, 2008 through June 14, 2009 25.7500 June 15, 2009 through December 14, 2009 25.7300 December 15, 2009 through June 14, 2010 25.7116 June 15, 2010 through December 14, 2010 25.7016 December 15, 2010 through June 14, 2011 25.6913 June 15, 2011 through December 14, 2011 25.6806 December 15, 2011 through June 14, 2012 25.6695 June 15, 2012 through December 14, 2012 25.6579 December 15, 2012 through June 14, 2013 25.6459 June 15, 2013 through December 14, 2013 25.6334 December 15, 2013 through June 14, 2014 25.6205 June 15, 2014 through December 14, 2014 25.6070 December 15, 2014 through June 14, 2015 25.5931 June 15, 2015 through December 14, 2015 25.5785 December 15, 2015 through June 14, 2016 25.5635 June 15, 2016 through December 14, 2016 25.5478 December 15, 2016 through June 14, 2017 25.5315 June 15, 2017 through December 14, 2017 25.5146 December 15, 2017 through June 14, 2018 25.4970 June 15, 2018 through December 14, 2018 25.4788 December 15, 2018 through June 14, 2019 25.4599 June ...
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Examples of Underlying Securities Redemption in a sentence

  • EXHIBIT B TERMS OF THE CERTIFICATES AS OF CLOSING DATE Maximum Number of [Name of Certificates] Up to [_________] Aggregate Stated Amount of [Name of Certificates]: $[__________] Authorized Denomination: $[___] and integral multiples thereof Rating Agencies: [_________] Closing Date: [________, 20__] Distribution Dates: [_________] and [_________], the Maturity Date, [any Underlying Securities Redemption Distribution Date] or any Underlying Securities Default Distribution Date.

  • The structure itself, when it was originally built was concrete slab that varied in depth; all of it was acceptable at the time it was designed.

  • Pursuant to its resolution 34/6, the Human Rights Council will consider the reports of the Special Rapporteur on minority issues, Fernand de Varennes (A/HRC/40/64 and Add.1–2).


More Definitions of Underlying Securities Redemption

Underlying Securities Redemption. The Underlying Securities are not redeemable by the underlying securities issuer or the underlying securities holders. EXHIBIT A Standard Terms for Trust Agreements (begins on next page) EXHIBIT B Form of Certificate (begins on next page) EXHIBIT C Market Agent Agreement (begins on next page) EXHIBIT D Form of Escrow Agreement (begins on next page)
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Underlying Securities Redemption. The Underlying Securities will be redeemable, as a whole or in part, at the option of the Underlying Securities issuer, at any time or from time to time, on prior notice mailed to the registered address of each holder of the Underlying Securities. The redemption price for the Underlying Securities will be equal to the greater of (1) 100% of the principal amount of the securities to be redeemed, and (2) the sum of the present values of the Remaining Scheduled Payments, discounted, on a semi-annual basis, (assuming a 360-day year consisting of twelve 30 day months), at a rate equal to the sum of the Treasury Rate plus [ ] basis points. Accrued interest will be payable to the redemption date. Underlying Securities Collateral: [ ]. Underlying Securities Amortization: [ ]. Underlying Securities Accrual Periods: [ ]. Underlying Securities Authorized Denomination and Specified Currency: The Underlying Securities are denominated and payable in U.S. dollars and are available in minimum denominations of $[ ] and integral multiples of $[ ] in excess of $[ ]. [Underlying Securities Rating as of Closing:] “[ ]” by S&P Underlying Securities Form: Book entry security with DTC[, Clearstream and Euroclear]. SCHEDULE II ISDA Master Agreement, Schedule and Confirm (begins on next page) SCHEDULE III CALL TERMS Term Definition
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Underlying Securities Redemption. The Underlying Securities are not redeemable by the underlying securities issuer or the underlying securities holders. EXHIBIT A Standard Terms for Trust Agreements (begins on next page) STANDARD TERMS FOR TRUST AGREEMENTS between MERRILL LYNCH DEPOSITOR, INC., as Dxxxxxxxr, and UNITED STATES TRUST COMPANY OF NEW YORK, as Trustee and as Securities Intermediary TRUST CERTIFICATES Dated as of February 20, 1998 Reconciliation and tie between the Standard Terms, dated as of February 20, 1998, and the Trust Indenture Act of 1939, as amended. This reconciliation and tie does not constitute part of the Standard Terms. ================================================================================ Trust Indenture Act Standard of 1939 Section Terms Section -------------------------------------------------------------------------------- 310(a)(1) 7.07 -------------------------------------------------------------------------------- (a)(2) 7.07 -------------------------------------------------------------------------------- (a)(5) 7.07 -------------------------------------------------------------------------------- 312(a) 7.14 -------------------------------------------------------------------------------- 313(a) 7.16 -------------------------------------------------------------------------------- 314(a) 3.10 -------------------------------------------------------------------------------- (c)(1) 1.03 -------------------------------------------------------------------------------- (c)(2) 1.03 -------------------------------------------------------------------------------- (e) 1.03 -------------------------------------------------------------------------------- 315(a)(1) 7.01 -------------------------------------------------------------------------------- 315(a)(2) 7.03 -------------------------------------------------------------------------------- 315(b) 7.01(d) -------------------------------------------------------------------------------- 315(d) 7.01(c) -------------------------------------------------------------------------------- 316(a)(1)(A) 5.19 -------------------------------------------------------------------------------- (a)(1)(B) 5.20 -------------------------------------------------------------------------------- (b) 5.21 -------------------------------------------------------------------------------- (c) 1.03(b) -------------------------------------------------------------------------------- 317(a)(1) 5.18 ----------------------------------------------...
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Related to Underlying Securities Redemption

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • 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.

  • Early Redemption Notice means an irrevocable notice from the Issuer to Noteholders in accordance with Condition 23 (Notices) (or, in the case of Condition 8(f) (Redemption Following the Occurrence of an Event of Default), from the Trustee to the Issuer) that specifies that the Notes are to be redeemed pursuant to one of Conditions 8(c) (Redemption Following a Collateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default). An Early Redemption Notice given pursuant to Condition 8 (Redemption and Purchase) must contain a description in reasonable detail of the facts relevant to the determination that the Notes are to be redeemed and, in the case of an Early Redemption Notice given by the Issuer, must specify the anticipated Early Redemption Date and which of Conditions 8(c) (Redemption Following aCollateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default), as the case may be, are applicable. A copy of any Early Redemption Notice shall also be sent by the Issuer, or the Trustee, as the case may be, to all Transaction Parties, save that any failure to deliver a copy shall not invalidate the relevant Early Redemption Notice.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).