Common use of Clean Up Call Clause in Contracts

Clean Up Call. The Servicer shall have the option to cause the Issuer to redeem not less than all of the Notes and thereby cause the early repayment of the Notes on any date after the Clean-up Call Date by payment of an amount equal to the Redemption Price and any amounts, fees and expenses that are required to be paid pursuant to Section 6.6(b) hereof (unless amounts in the Trust Accounts are sufficient to make such payments).

Appears in 5 contracts

Sources: Indenture (Bluegreen Corp), Third Amended and Restated Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

Clean Up Call. The Servicer shall have the option to cause the Issuer to redeem not less than all of the Notes and thereby cause the early repayment of the Notes on any date after the Clean-up Call Date by payment of an amount equal to the Redemption Price and any amounts, fees and expenses that are required to be paid pursuant to Section 6.6(b) hereof hereof, plus any Breakage Amount incurred by any Noteholders, (unless amounts in the Trust Accounts are sufficient to make such payments).

Appears in 3 contracts

Sources: Omnibus Amendment (Bluegreen Vacations Corp), Indenture (Bluegreen Vacations Holding Corp), Indenture (BBX Capital Corp)

Clean Up Call. The Servicer shall have the option to cause the Issuer to redeem not less than all of the Notes and thereby cause the early repayment of the Notes on any date after the Clean-up Call Date by payment of an amount equal to the Redemption Price and any amounts, fees and expenses that are required to be paid pursuant to Section 6.6(b) hereof hereof, plus any 83 Breakage Amount incurred by any Noteholders, (unless amounts in the Trust Accounts are sufficient to make such payments).

Appears in 1 contract

Sources: Omnibus Amendment (BBX Capital Corp)