First Optional Redemption Date definition

First Optional Redemption Date means [insert the date of first dividend payment date that occurs five years after the Original Issue Date].

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First Optional Redemption Date means, with respect to a Long Term Period less than or equal to 5 years, the first day of the 24th calendar month from the beginning of such Long Term Period; with respect to a Long Term Period greater than 5 years but less than or equal to 10 years, the first day of the 60th calendar month from the beginning of such Long Term Period; and with respect to a Long Term Period greater than 10 years, the first day of the 72nd calendar month from the beginning of such Long Term Period.

First Optional Redemption Date means the December 1 occurring in the year which is a number of years after the Conversion Date equal to the number of years between the December 1 immediately following the Conversion Date (unless the Conversion Date is December 1, in which case from such December 1) and December 1, 2016, multiplied by 1/2 and rounded up to the nearest whole number.

Examples of First Optional Redemption Date in a sentence

In case the Seller has the obligation to repurchase a Mortgage Receivable, it may offer Substitute Mortgage Receivables until the First Optional Redemption Date for sale and assignment which the Issuer shall accept, provided that the Additional Purchase Conditions are met.
The Class X Revenue Interest Amount payable in respect of each Class X Note on the relevant Notes Payment Date up to and including the First Optional Redemption Date shall be the outcome of (i) the Class X Revenue Amount on the Notes Calculation Date relating to such Notes Payment Date divided by (ii) the number of the Class X Notes (rounded down to the nearest euro).
The Class X Revenue Amount shall be payable to the holders of the Class X Notes quarterly in arrear in EUR on each Notes Payment Date up to and including the First Optional Redemption Date by paying in respect of each Class X Note the Class X Revenue Interest Amount.
Notwithstanding the Step-up Consideration applicable to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes becoming due from the First Optional Redemption Date, no guarantee can be given that the Issuer will on the First Optional Redemption Date or on any Optional Redemption Date thereafter actually exercise its right to redeem the Notes.
Class X Notes: The Class X Revenue Amount will be payable from and including the Closing Date up to and including the First Optional Redemption Date.

More Definitions of First Optional Redemption Date

First Optional Redemption Date means the first day of the 120th calendar month from the beginning of such Long Term Period.

First Optional Redemption Date. , means the date falling not earlier than five (5) years from the date of the issuance of the Subordinated Notes.

First Optional Redemption Date means the date specified as such in the Pricing Schedule;

First Optional Redemption Date means, with respect to a Long Term Period less than or equal to 5 years, the first day of the 24th calendar month of such Long Term Period (including the month in which such Long Term Period commences), with respect to a Long Term Period greater than 5 years but less than or equal to 10 years, the first day of the 60th calendar month of such Long Term Period (including the month in which such Long Term Period commences), and with respect to a Long Term Period greater than 10 years, the first day of the 72nd calendar month of such Long Term Period (including the month in which such Long Term Period commences). In the event any of the Bonds or portions thereof are called for redemption as aforesaid, notice of the call for redemption, identifying the Bonds or portions thereof to be redeemed, shall be given by the Trustee by (i) mailing a copy of the redemption notice by first class mail at least 30 days but not more than 60 days prior to the date fixed for redemption to the Registered Owner of each Bond to be redeemed in whole or in part at the address shown on the registration books and (ii) by registered or certified mail or overnight delivery service at least 30 days prior to the date fixed for redemption to certain registered securities depositories. Any notice mailed as provided above shall be conclusively presumed to have been duly given, whether or not the Registered Owner receives the notice. Notwithstanding the foregoing, the notice requirements contained in the first sentence of this paragraph may be deemed satisfied with respect to a transferee of a Bond which has been purchased pursuant to the Demand Purchase Option after such Bond has previously been called for redemption, notwithstanding the failure to satisfy the notice requirements of the first sentence of this paragraph with respect to such transferee, as more fully provided in the Indenture.

First Optional Redemption Date means the August 1 occurring in the year which is a number of years after the Fixed Interest Rate Commencement Date equal to the number of full years between the Fixed Interest Rate Commencement Date and the maturity date of the Series 2001 Bonds, divided by two; provided that if such quotient is not a whole number, such quotient shall be rounded to the next higher whole number.

First Optional Redemption Date means the date that is the sixth anniversary of the Issue Date.

First Optional Redemption Date means the September 1 occurring in the year which is a number of years after the Fixed Interest Rate Commencement Date equal to the number of full years between the Fixed Interest Rate Commencement Date and the maturity date of the Bonds, multiplied by 1/2 and rounded up to the nearest whole number.

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