Examples of Redemption Agreement in a sentence
Under the terms of the Redemption Agreement, the purchase and sale of the N units are binding on X’s estate and S.
The purchase price of the N units purchased under the Redemption Agreement will be paid at closing with a combination of cash and a promissory note (Note).
The purchase price of N units purchased under the Redemption Agreement would be the higher of the unit formula price provided under the N agreement or the finally determined estate tax value of the N units.
The transactions under the Redemption Agreement will be completed before X’s estate is considered terminated for federal income tax purposes under section 1.641(b)-3 of the regulations or before S is considered subject to section 4947 of the Code.
The executor of X’s estate and S trustee will seek approval from the probate court having jurisdiction over the applicable entities or entity to sell the N units under the Redemption Agreement.