Pending Redemption Period

Pending Redemption Period. Means the period commencing on the date an Optional Redemption Notice is delivered hereunder and earlier of the date (which shall not be prior to the applicable Optional Redemption Date) the Optional Redemption Price payable to the Holder thereunder is paid in full and the date the Pending Redemption Period is terminated by the Holder in accordance with Section 7(d) or in accordance with Section 7(c).