ADDITIONAL REDEMPTIONS Clause Samples
The "Additional Redemptions" clause defines the conditions under which an investor or participant may redeem more of their holdings or interests than initially specified. Typically, this clause outlines the process for requesting extra redemptions, any notice periods required, and potential limitations or fees that may apply to such requests. By establishing clear procedures and boundaries for additional redemptions, the clause helps manage liquidity and ensures fairness among all participants, while also protecting the issuer or fund from unexpected cash outflows.
ADDITIONAL REDEMPTIONS. In the event AmPaM has not consummated an IPO and notwithstanding the foregoing, to the extent the Stockholders who have received greater than 50% of their Aggregate Consideration in cash wish to tender AmPaM Stock to AmPaM for purchase, AmPaM will use its commercially reasonable efforts to continue to repurchase up to 10% of the AmPaM Stock held by such Stockholder annually.
ADDITIONAL REDEMPTIONS. In the event any Shares are to be redeemed pursuant to the foregoing subsections of this Section 8.2, the Company shall at the same time redeem the following additional Shares (if any).
(1) In the event some (but not all) Shares issued in connection with the Contribution of particular Member Data are to be redeemed, the Company shall also redeem all other Shares issued in connection with the Contribution of such Member Data.
(2) In the event the Contribution of a particular type of Member Data (the “Dependent Member Data”) is conditioned upon the Contribution of other specified types of Member Data (the “Underlying Member Data”), and all of the Shares issued for the Contribution of Underlying Member Data are redeemed, then the Company shall also redeem all of Shares issued for the Contribution of such Dependent Member Data.
ADDITIONAL REDEMPTIONS. (a) The Notes shall be redeemed in any of the following circumstances:
(i) Upon the purchase of Buyer’s Transponders pursuant to Section 19(a)(ii) of the Lease, the Notes then Outstanding shall be redeemed in whole but not in part, on the EBO Date, at a redemption price equal to 100% of the principal amount of Notes redeemed plus the Premium Amount as of the EBO Date, unless the Lessee shall have exercised its right, subject to Section 2.5(a)(viii) below, to Exchange such Notes pursuant to Section 19(c) of the Lease and Section 2.11 hereof and such Exchange shall have been consummated by the EBO Date. For the avoidance of doubt, the redemption contemplated by this clause (i) does not apply if the Lessee has elected to purchase the Beneficial Interest pursuant to Section 10.01(a) of the Participation Agreement. Such redemption, if any, shall be consummated in accordance with Section 2.5(a)(vi) below.
(ii) Upon the purchase of Buyer’s Transponders pursuant to Section 19(a)(iii) of the Lease, the Notes then Outstanding shall be redeemed in whole but not in part, on the date specified in such Section 19(a)(iii), at a redemption price equal to 100% of the principal amount of Notes redeemed, unless the Lessee shall have exercised its right, subject to Section 2.5(a)(viii) below, to Exchange such Notes pursuant to Section 19(c) of the Lease and Section 2.11 hereof and such Exchange shall have been consummated by the date specified in such Section 19(a)(iii). For the avoidance of doubt, the redemption contemplated by this clause (ii) does not apply if the Lessee has elected to purchase the Beneficial Interest pursuant to Section 10.01(e) of the Participation Agreement. Such redemption, if any, shall be consummated in accordance with Section 2.5(a)(vi) below.
(iii) Upon termination of the Lease pursuant to Section 8(a) thereof, the Notes then Outstanding shall be redeemed in whole but not in part, at a redemption price equal to (x) if such termination (or such offer to purchase) is in respect of a Change of Law Obsolescence Termination, 100% of the principal amount of Notes redeemed, and (y) if such termination (or such offer to purchase) is not in respect of a Change of Law Obsolescence Termination, 100% of the principal amount of Notes redeemed plus the Premium Amount as of the applicable redemption date, such redemption to be made on the date specified in Section 8(a) of the Lease for such termination.
(iv) If the Owner Trustee has accepted the Lessee’s offer to...