Early Redemption Option means Xxxxxx Mae's right to redeem the Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in March 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write-down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 1M-1 Notes, Class 1M- 2A Notes, Class 1M-2B Notes and Class 1B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent pursuant to Section 3.08.
Early Redemption Option means the Directing Certificateholder's right to cause the Issuer to redeem the Notes on any Payment Date on or after the earlier to occur of (x) the Payment Date on which the aggregate UPB of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance and (y) the Payment Date in December 2026, by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 1M-1 Notes, Class 1M-2A Notes, Class 1M-2B Notes, Class 1M-2C Notes, Class 1B-1A Notes, Class 1B-1B Notes and Class 1B-2 Notes, plus accrued and unpaid interest on such Notes and all unpaid fees, expenses and indemnities of the Indenture Trustee, Exchange Administrator, Custodian, Investment Agent and Delaware Trustee.
Early Redemption Option means the Directing Certificateholder's right to cause the Issuer to redeem the Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in January 2029 and (b) the Payment Date on which the aggregate UPB of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write-down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes, Class 2M-2A Notes, Class 2M-2B Notes, Class 2M-2C and Class 2B-1 Notes, plus accrued and unpaid interest on such Notes and any related accrued fees, expenses and indemnities of the Indenture Trustee, Exchange Administrator, Custodian, Investment Agent and Delaware Trustee.
Examples of Early Redemption Option in a sentence
In addition, it shall be an Event of Default if the Issuer fails to pay the Redemption Price on the applicable Redemption Date for the X-TRAS after exercising the Early Redemption Option or the FD Redemption Option.
More Definitions of Early Redemption Option
Early Redemption Option means the right of the Company to redeem the Notes Pursuant to Section 1.2 thereof.
Early Redemption Option means the Issuer’s option to redeem all but not less than all of the Bonds on any Interest Payment Date in accordance with Clause 6 of the Terms and Conditions.
Early Redemption Option shall have the meaning set forth in Section 7.01(b).
Early Redemption Option means the Issuer may redeem the Notes, in whole but not in part, on every Interest Payment Date upon giving an irrevocable notice to the Payee through the Platform at least 20 calendar days prior to the nearest Interest Payment Date;
Early Redemption Option means Xxxxxx Mae's right to redeem the Notes prior to the Maturity Date on any Payment Date on or after the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance of the Reference Obligations, by paying an amount equal to the outstanding Class Principal Balance of each Class of Notes, plus accrued and unpaid interest and any unpaid fees and expenses of the Global Agent.
Early Redemption Option means Fannie Mae's right to redeem the Notes prior to the Maturity Date on any Payment Date on or after the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance of the Reference Obligations, by paying an amount equal to the outstanding Class Principal Balance of each Class of Notes, plus accrued and unpaid interest.
Early Redemption Option means the Ownership Certificateholder's right to cause the Issuer to redeem the Securities in a Group on any Payment Date on or after the earlier to occur of