Examples of Special Mandatory Redemption in a sentence
Section 5.01 Special Mandatory Redemption 12 Section 5.02 Mandatory Redemption 13 Section 5.03 Optional Redemption 13 Section 5.04 Selection of Certificates to be Redeemed 13 Section 5.05 Notice of Redemption 14 Section 5.06 Redemption of Portion of Certificate 14 ARTICLE VI ACCEPTANCE OF FIDUCIARY DUTIES UNDER AGREEMENT Section 6.01 Trustee as Seller and Fiduciary 15 ARTICLE VII CERTIFICATES OF PARTICIPATION Section 7.01 Form of Certificates.
The Initial Purchasers shall have received copies of a commitment letter in favor of the Issuers executed by one or more funds or limited partnerships managed or advised by affiliates of the Consortium who shall have committed to fund, in the event of a Special Mandatory Redemption, the difference between the Special Mandatory Redemption Price and the amount in the Escrow Account available to be applied to redeem the Notes pursuant to the Special Mandatory Redemption.
In the event a Special Mandatory Redemption occurs, the Initial Purchasers will not be entitled to receive the Escrow Purchasers’ Commission.
The Notes should be surrendered to the Paying Agent for payment of the Special Mandatory Redemption Price at the office of the Paying Agent as follows: [By Mail] [By Hand] [By Courier] The method chosen for the delivery of the Notes is at the option and risk of the holder.
There is hereby established as a separate fund to be held by the Fiscal Agent, the “Redemption Fund” (in which there shall be established and created an Optional Redemption Account and a Special Mandatory Redemption Account), to the credit of which the District or the City on behalf of the District, shall deposit, immediately upon receipt, all Redemption Revenues received by the District or the City on behalf of the District.