Optional Repurchase of Notes Sample Clauses
The "Optional Repurchase of Notes" clause allows the issuer or another specified party to buy back outstanding notes from noteholders before their scheduled maturity date. Typically, this repurchase can occur at the issuer's discretion, often at a predetermined price or under certain conditions, such as after a specified period or upon the occurrence of particular events. This clause provides flexibility for the issuer to manage its debt obligations proactively, potentially reducing interest costs or responding to changes in financial strategy, and offers noteholders an opportunity to liquidate their investment early.
Optional Repurchase of Notes. Unless otherwise specified in the related Indenture Supplement, in connection with the termination of the Issuer’s Secured Liquidity Note program (other than through the replacement thereof with a facility having substantially similar terms (other than interest rate spreads)) and upon satisfaction of the requirements included in the Program Documents (including the payment of any amounts due and owing to the Senior Secured Parties), (a) on any Payment Date, the Issuer shall have the option to purchase all outstanding Term Notes and Subordinated Notes of all Series, in whole but not in part, at a purchase price (determined after giving effect to any payment of principal and interest on such Payment Date) equal to (unless otherwise specified in the related Indenture Supplements) the aggregate outstanding Principal Amount of the Term Notes and Subordinated Notes of all Series on such Payment Date, plus accrued and unpaid interest on the unpaid aggregate Principal Amount of the Term Notes and Subordinated Notes of all Series (calculated at the Term Note Rate or Subordinated Note Rate of 34 Base Indenture each such Series, as applicable) through the day immediately prior to the date of such purchase plus, if provided for in the related Indenture Supplements, any aggregate premium payable at such time plus the aggregate amount of any Interest Shortfalls payable in respect of all outstanding Term Notes and Subordinated Notes of all Series plus the aggregate amount of all Principal Amount Charge-Offs that have not been reinstated unless each Subordinated Noteholder waives the payment of such Principal Amount Charge-Offs. The Issuer shall give the Indenture Trustee and the Term Noteholders or Subordinated Noteholders not more than sixty (60) nor less than thirty (30) days’ prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on the Business Day prior to such Payment Date with respect to each Series of Term Notes or Subordinated Notes outstanding, the Issuer shall deposit an amount of the purchase price equal to the outstanding aggregate Principal Amount of all Term Notes or Subordinated Notes, as applicable, of such Series on such Payment Date and the amount of accrued and unpaid interest with respect to such Term Notes or Subordinated Notes, any applicable Interest Shortfall and any applicable premium into the related Payment Account for such Series in immediately available...
Optional Repurchase of Notes. On any Distribution Date occurring on or after the date on which the Invested Amount of any Series or class of such Series is equal to or less than the Repurchase Amount (if any) for such Series or class set forth in the Supplement related to such Series, or at such other time otherwise provided for in the Supplement relating to such Series, AFC-II shall have the option to purchase all Outstanding Notes of such Series, or class of such Series, at a purchase price (determined after giving effect to any payment of principal and interest on such Distribution Date) equal to (unless otherwise specified in the related Supplement) the Invested Amount of such Series on such Distribution Date, plus accrued and unpaid interest on the unpaid principal balance of the Notes of such Series (calculated at the Note Rate of such Series) through the day immediately prior to the date of such purchase plus, if provided for in the related Supplement, any premium payable at such time. AFC-II shall give the Trustee at least 30 days' prior written notice of the date on which AFC-II intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on such Distribution Date, an amount of the purchase price equal to the Invested Amount of all Notes of such Series on such Distribution Date and the amount of accrued and unpaid interest with respect to such Notes and any applicable premium will be deposited into the Distribution Account for such Series in immediately available funds. The funds deposited into such Distribution Account or distributed to the Paying Agent will be passed through in full to the Noteholders on such Distribution Date.
Optional Repurchase of Notes. On any Distribution Date occurring on or after the date on which the Invested Amount of any Series or class of such Series is equal to or less than the Repurchase Amount (if any) for such Series or class set forth in the Series Supplement related to such Series, or at such other time or in such other manner otherwise provided for in the Series Supplement relating to such Series, ARG shall have the option to purchase all Outstanding Notes of such Series, or class of such Series, at a purchase price (determined after giving effect to any payment of principal of and interest on such Distribution Date) equal to (unless otherwise specified in the related Series Supplement) the Invested Amount of such Series on such Distribution Date, plus accrued and unpaid interest on the unpaid principal balance of the Notes of such Series (calculated at the Note Rate of such Series) through the day immediately prior to the date of such purchase plus, if provided for in the related Series Supplement, any premium payable at such time. Unless otherwise specified in the related Series Supplement, ARG shall give the Trustee at least 30 days’ prior written notice of the date on which ARG intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on such Distribution Date or other date, an amount of the purchase price equal to the Invested Amount of all Notes of such Series on such Distribution Date or other date and the amount of accrued and unpaid interest with respect to such Notes and any applicable premium will be deposited into the Distribution Account for such Series in immediately available funds. The funds deposited into such Distribution Account or distributed to the Trustee or the Paying Agent will be passed through in full to the Noteholders of such Series on such Distribution Date or other date.
Optional Repurchase of Notes. On or after the date (if any) set forth in the Series Supplement related to a Series of Notes, the Issuer shall have the option to purchase all Outstanding Notes of such Series, or class of such Series, at a purchase price set forth in such Series Supplement. Unless otherwise specified in the related Series Supplement, the Issuer shall give the Trustee at least 30 days’ prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on the date set for purchase, an amount equal to the purchase price for the Notes of such Series will be deposited into the Collection Account for such Series in immediately available funds. The funds deposited into the Collection Account or distributed to the Trustee or the Paying Agent will be passed through in full to the Noteholders of such Series on such date.
Optional Repurchase of Notes. On any Distribution Date occurring on or after the date on which the aggregate Principal Balance of any Series or class of such Series is equal to or less than the Repurchase Amount (if any) for such series or class set forth in the Supplement related to such Series, or at such other time otherwise provided for in the Supplement relating to such Series, NFLP shall have the option to purchase all Outstanding Notes of such Series, or class of such Series, at a purchase price (determined after giving effect to any payment of principal and interest on such Distribution Date) equal to (unless otherwise specified in the related Supplement) the Principal Balance of such Series or class, as applicable, on such Distribution Date, plus accrued and unpaid interest on the unpaid Principal Balance of the Notes of such Series or class (calculated at the applicable Note Rate of such Series or class) through the day immediately prior to the date of such purchase plus, if provided for in the related Supplement, any premium payable at such time. NFLP shall give the Trustee at least 30 days prior written notice of the date on which NFLP intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on such Distribution Date, the purchase price of the Notes being repurchased on such Distribution Date and the amount of accrued and unpaid interest with respect to such Notes and any applicable premium will be deposited into the Distribution Account for such Series in immediately available funds. The funds deposited into such Distribution Account or distributed to the Paying Agent will be passed through in full to the Noteholders on such Distribution Date.
Optional Repurchase of Notes. On or after the date (if any) set forth in the Series Supplement related to a Series of Indenture Notes, ZVF shall have the option to purchase all Outstanding Indenture Notes of such Series, or Class of such Series, at a purchase price set forth in such Series Supplement. Unless otherwise specified in the related Series Supplement, ZVF shall give the Trustee at least 30 days’ prior written notice of the date on which ZVF intends to exercise such option to purchase and the Trustee shall forward such notice to the Noteholders of the applicable Series as soon as reasonably practicable. Not later than the Business Day prior to the date set for purchase, an amount equal to the purchase price for the Indenture Notes of such Series will be deposited into the Collection Account or a Series Account for such Series in immediately available funds in accordance with the related Series Supplement. The funds deposited into the Collection Account or Series Account or distributed to the Trustee or the Paying Agent will be passed through in full to the Indenture Noteholders of such Series on such date.
Optional Repurchase of Notes. 43 6.4. Monthly Noteholders' Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Optional Repurchase of Notes. On or after the date set forth in the Series Supplement related to a Series of Notes, the Issuer shall have the option to purchase all Outstanding Notes of such Series, or class of such Series, at a purchase price set forth in such Series Supplement. Unless otherwise specified in the related Series Supplement, the Issuer shall give the Trustee at least 30 days’ prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on the date set for purchase, an amount equal to the purchase price for the Notes of such Series will be deposited into the Distribution Account or the Collection Account (or in the case of a Segregated Series of Notes, the collection account established pursuant to the related Series Supplement) for such Series in immediately available funds. The funds dsposited into such Distribution Account or the Collection Account (or in the case of a Segregated Series of Notes, the collection account established pursuant to the related Series Supplement) or distributed to the Trustee or the Paying Agent will be passed through in full to the Noteholders of such Series on such date.
Optional Repurchase of Notes. Unless otherwise specified in the related Series Supplement, on or after the date (if any) set forth in the Series Supplement related to a Series of Notes, HVF III shall have the option to purchase all Outstanding Notes of such Series, or Class, Subclass or Tranche of such Series, at a purchase price set forth in such Series Supplement; provided that if an Amortization Event has occurred and is continuing with respect to any Series of Notes or a Liquidation Event of Default or Limited Liquidation Event of Default has occurred, HVF III shall also be required to purchase the Outstanding Notes of all other Series concurrently with the exercise of such option. Unless otherwise specified in the related Series Supplement, HVF III shall give the Trustee at least thirty (30) days’ prior written notice of the date on which HVF III intends to exercise such option to purchase. Unless otherwise specified in the related Series Supplement, not later than 12:00 noon, New York City time, on the date set for purchase, an amount equal to the purchase price for the Notes of such Series, Class, Subclass or Tranche will be deposited into the Collection Account for such Series, Class, Subclass or Tranche in immediately available funds. Unless otherwise specified in the related Series Supplement, the funds deposited into the Collection Account or distributed to the Trustee or the Paying Agent will be passed through in full to the Noteholders of such Series on such date.
Optional Repurchase of Notes. 31 Section 6.4. Monthly Noteholders’ Statement; Annual Noteholders’ Tax Statement 31