Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document section details the redemption process for Rated Notes and Subordinated Securities, including optional redemption, election to redeem, and the use of Redemption Financing. It outlines the roles of the Issuer, Trustee, Investment Manager, and Rating Agencies in the redemption process.
Metadata
- Subject
- ARTICLE IX REDEMPTION
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0056215
- Date
- —
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Issuer | contractual | Required Redemption Percentage | Required Redemption Percentage directs the Issuer regarding redemption of Rated Notes. |
| Issuer | contractual | Trustee | Issuer provides a copy of the redemption direction to the Trustee. |
| Investment Manager | employment | Issuer | Investment Manager directs disposition of Collateral to fund redemption on behalf of the Issuer. |
| Investment Manager | informational | Rating Agency | Issuer will provide notice to each Rating Agency at least 10 Business Days prior to the execution of Redemption Financing. |
Notable Quotes 2
At the direction of the Required Redemption Percentage to the Issuer (with a copy to the Trustee), the Rated Notes shall be redeemable at their respective Redemption Prices from Sale Proceeds (and the net proceeds of the Pledged Collateral Obligations and Equity Securities representing accrued interest) and any other funds in the Collection Account and the Payment Account (including any proceeds from a Redemption Financing)
To effect a Rated Notes Redemption, the Investment Manager will direct disposition of Collateral to extent necessary to fund such redemption; provided that the Investment Manager (on behalf of the Issuer), with the consent of a Majority of the Subordinated Securities, may, in lieu of directing the disposition of all or a portion of the Collateral, obtain a loan, credit or similar facility from one or more financial institutions or purchasers (collectively, "Redemption Financing").
Financial Information
Assets:
- Sale Proceeds
- Pledged Collateral Obligations
- Equity Securities
- funds in the Collection Account
- funds in the Payment Account
- Credit Facility Reserve Account
- Collateral
Transactions:
- Redemption of Rated Notes
- Redemption of Subordinated Securities
- Redemption Financing
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 5
IssuerTrusteeRating AgencyInvestment ManagerING IM CLO 2011-1
Text Analysis
- Tone
- Professional
- Purpose
- To define the terms and conditions for the redemption of Rated Notes and Subordinated Securities.
- Significance
- This section outlines the process for optional redemption, election to redeem, and the use of Redemption Financing.
File Info
- File Name
- EFTA01365466.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:48.751362
- DOJ Source
- View on DOJ