First Optional Call Date definition

First Optional Call Date means the earlier of (i) the Quarterly Payment Date in August 2020 or (ii) the first Quarterly Payment Date on which the aggregate principal balance of the Financed Student Loans as of the last day of the related Collection Period is less than 10% of the aggregate principal balance of the Initial Portfolio Loans as of the Date of Issuance.
Sample 1Sample 2
First Optional Call Date means the earliest date upon which the Issuer has an option to prepay part or all of the Debt.
Sample 1Sample 2Sample 3
First Optional Call Date means the first Quarterly Payment Date on which the aggregate principal balance of the Portfolio Loans (other than Charged-Off Loans) as of the last day of the related Collection Period is less than 10% of the aggregate principal balance of the Initial Portfolio Loans as of the Date of Issuance.
Sample 1

Examples of First Optional Call Date in a sentence

  • First Optional Call Date: June 1, 2037 Ranking and Subordination: As of March 31, 2007, the Issuer had Senior Obligations (as defined in the prospectus) outstanding of approximately $131.2 billion, which includes commercial paper and other short-term borrowings outstanding.


More Definitions of First Optional Call Date

First Optional Call Date means 9 November 2022. "Initial Margin" is 5.175 per cent.
Sample 1
First Optional Call Date means 24 March 2020;
Sample 1
First Optional Call Date shall have the meaning assigned in Section 6.01(a)(1)(B). Financing Participants shall mean the Issuer, the Lessee, the Bank, the Trustee, the Remarketing Agent, the Bond Registrar, the Paying Agent, the Tender Agent and the Bondholders. Fully Paid, (i) when used with respect to Indenture Indebtedness, shall have the meaning stated in Section 15.01, and (ii) when used with respect to Bank Indebtedness, shall mean that all indebtedness or obligations of the Lessee under the Credit Agreement have been paid in full. Holder shall mean (a) in the event that the book-entry system of evidence of transfers of ownership in the Bonds is employed pursuant to Section 4.13, Cede & Co., as nominee for DTC, or its nominee, and (b) in all other cases, the person or persons in whose names any Bond or Bonds are registered on the books and records of the Bond Registrar. Improvements shall mean the buildings, structures and improvements to be constructed on the Project Site pursuant to Article 3 of the Lease Agreement. Indebtedness shall mean Indenture Indebtedness and Bank Indebtedness. Indenture shall mean this instrument as originally executed or as it may from time to time be supplemented, modified or amended by one or more indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.
Sample 1

Related to First Optional Call Date

  • Call Option Date As defined in Section 10.01(a) hereof.

  • First Call Date means the date falling 24 months after the Issue Date or, to the extent such day is not a Business Day, the Business Day following from an application of the Business Day Convention.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Par Call Date means March 1, 2025.

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Call Date The date on which the Call Right may be exercised, as specified in the applicable Supplement.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Applicable Par Call Date means, (i) with respect to the 2031 Notes, September 15, 2031 (three months prior to the stated maturity date of such 2031 Notes) and (ii) with respect to the 2051 Notes, June 15, 2051 (six months prior to the stated maturity date of such 2051 Notes).

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Put Option Event means a Change of Control Event.

  • Election Date has the meaning specified in Section 3.12(h).

  • Interest Option has the meaning given such term in Section 2.5(c).

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Redemption Notice Date means, with respect to a Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F).