Redemption of Notes Sample Clauses
The 'Redemption of Notes' clause defines the terms and conditions under which the issuer can repay or buy back the notes before their scheduled maturity date. This clause typically outlines the timing, procedures, and any premiums or penalties associated with early redemption, and may specify whether redemption is at the issuer's discretion or upon the occurrence of certain events. Its core practical function is to provide flexibility for the issuer to manage debt obligations while informing noteholders of their rights and expectations regarding early repayment.
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Redemption of Notes.ÌýSection 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54
Redemption of Notes.ÌýSection 1001.
Redemption of Notes.ÌýSection 10.1 Redemption 64 Section 10.2 Form of Redemption Notice 65 Section 10.3 Notes Payable on Redemption Date 65
Redemption of Notes.ÌýThe provisions of Article III of the Base Indenture, as amended by the provisions of this First Supplemental Indenture, shall apply to the Notes.
Redemption of Notes.Ìý43 SECTION 10.1 Redemption. ..........................................................................43 SECTION 10.2
Redemption of Notes.Ìý65 SECTION 11.01 Redemption........................................................................ 65 SECTION 11.02 Form of Redemption Notice......................................................... 65 SECTION 11.03 Notes Payable on Redemption Date.................................................. 66 ARTICLE XII MISCELLANEOUS................................................................................... 66 SECTION 12.01 Compliance Certificates and Opinions, etc......................................... 66 SECTION 12.02 Form of Documents Delivered to Indenture Trustee.................................. 67 SECTION 12.03 Acts of Noteholders............................................................... 68 SECTION 12.04 Notices, etc., to Indenture Trustee, Issuer, Insurer and Rating Agencies.......... 69 SECTION 12.05 Notices to Noteholders; Waiver.................................................... 69 SECTION 12.06 Alternate Payment and Notice Provisions........................................... 70 SECTION 12.07 Conflict With Trust Indenture Act................................................. 70 SECTION 12.08 Effect of Headings and Table of Contents.......................................... 70
Redemption of Notes.ÌýSection 10.01.
Redemption of Notes.ÌýSection 10.01. Redemption........................................................................................54 Section 10.02.
Redemption of Notes.Ìý(a) The Sponsor may, at its sole cost and expense, (i) terminate this Indenture and all the Notes may be redeemed in whole, but not in part, on any Redemption Date on and after the related Clean-Up Call Date at the Termination Price, (ii) redeem the Class A-1 Notes, Class A-2 Notes, or the Class A-3 Notes, on any Redemption Date on and after the related Clean-up Call Date at the applicable Termination Price or (iii) to the extent that the Sponsor has not redeemed any, or only one Class of Notes, redeem the outstanding Classes of Notes on any Redemption Date on and after the related Clean-up Call Date; provided that, in each case, the Group or Groups related to the Class or Classes of Notes that are not being redeemed has reached its Specified Over-Collateralization Amount and will remain at its Specified Over-Collateralization Amount after giving effect to the redemption of the Class of Notes being redeemed. Upon the redemption of any Class of Notes, the related Sub-Trust shall be terminated and Excess Interest from such Sub-Trust will no longer be available to fund the Reserve Account. Any amounts on deposit in the Reserve Account related to the Class of Notes redeemed shall remain on deposit in such Reserve Account until all of the Notes are redeemed and may continue to be used to fund Shortfall Amounts for the other Classes of Notes.
(b) Any such purchase or redemption shall be accomplished by deposit by the Sponsor, into the related Payment Account of the Termination Price on the Servicer Payment Date preceding the Redemption Date. The amounts on deposit therein shall be distributed by the Indenture Trustee on such Redemption Date in accordance with the priority set forth in Section 8.02 hereof. No termination or redemption is permitted without the prior written consent of the Note Insurer if it would result in a draw on the Note Insurance Policy.
(c) [Reserved].
(d) Upon the redemption of any Class of Notes, the related Mortgage Loans in the Trust Estate shall be released and delivered to the Sponsor.
(e) Upon receipt of the written notice from the Sponsor of its election to redeem the Notes pursuant to Section 10.01 (a) hereof (which shall state that the Sponsor has determined that the conditions to redemption at the option of the Sponsor have been satisfied and setting forth information as may be required to accomplish such redemption), the Indenture Trustee shall prepare and deliver to the Trust, the Seller, the Master Servicer, the Backup Servicer...
Redemption of NotesÌýat the election of the Company or otherwise, as permitted or required by any provision of this Indenture, shall be made in accordance with such provision and this Article.