Condition to Redemption and Refunding Sample Clauses
The 'Condition to Redemption and Refunding' clause sets out the specific requirements that must be met before a party is entitled to redeem an asset or receive a refund. Typically, this clause outlines the circumstances under which redemption or refunding is permitted, such as the fulfillment of contractual obligations, the occurrence of certain events, or the submission of required documentation. By clearly defining these conditions, the clause helps prevent disputes by ensuring that both parties understand when and how redemptions or refunds can occur, thereby providing certainty and protecting the interests of both sides.
Condition to Redemption and Refunding. It shall be a ------------------------------------- condition to any redemption of Secured Notes effected under this Article III that all amounts of principal of, Make-Whole Amount, if any, and interest on, and all other amounts then due and payable under the Secured Notes which are to be the subject of such redemption as well as all other amounts due and payable to the Holders of such Secured Notes as are to be the subject of such redemption shall upon completion of such redemption have been paid as specified therein or herein.
Condition to Redemption and Refunding. It shall be a ------------------------------------- condition to any redemption, refinancing or refunding of Secured Notes effected under this Article III other than under Section 3.06 that all amounts of principal of, Make-Whole Amount, if any, and interest on, and all other amounts then due and payable under the Secured Notes which are to be the subject of such redemption, refinancing or refunding, as the case may be, as well as all other amounts due and payable to the Holders of such Secured Notes as are to be the subject of such redemption, refinancing or refunding shall have been paid as specified therein or in any other Operative Document.