Deemed Redemption Sample Clauses

Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Board of Directors has waived the application of Section 3.1 takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
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Deemed Redemption. Notwithstanding any provision of this Agreement to the contrary, in the event that an Investor receives a distribution with respect to its Invested Capital under Section 4.2(ii) hereof, such distribution shall be treated for all purposes of this Agreement (specifically including, but not limited to, the provisions of this Article X) as a redemption by the Company of a portion of the Class B Units held by such Investor at such time. The number of Class B Units that are deemed to be redeemed by the Company in accordance with the provisions of this Section 10.11, shall be determined by multiplying an amount equal to all of the Class B Units held by such Investor immediately prior to such distribution by a fraction, the numerator of which shall be equal to the applicable distribution made to such Investor at such time with respect to its Invested Capital under Section 4.2(ii) hereof and the denominator of which shall be equal to the Invested Capital of such Investor immediately prior to such distribution.
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Deemed Redemption. If any outstanding principal on any of the Secured Notes are repaid or redeemed from any source (including, without limitation, the Secured Notes Policy), other than from proceeds of this Note, the principal balance of this Note shall be deemed to be repaid in amount equal to such payment and the outstanding principal balance of this Note shall be correspondingly reduced.
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Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid, a Shareholder Endorsed Insider Bid or a Take-over Bid in respect of which the Board of Directors has waived the application of Section 3.1 takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid, Shareholder Endorsed Insider Bid or Take-over Bid, as the case may be.
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Deemed Redemption. In the event that an Offeror acquires Voting Shares pursuant to a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to Subclause 5.1(b) hereof, then the Board of Directors shall, immediately upon the consummation of such acquisition, without further formality be deemed to have elected to redeem the Rights at the Redemption Price.
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Deemed Redemption. Any repayment or redemption of the Securities pursuant to Section 3.02(a) after and during the continuance of an Event of Default or otherwise as a result of an Event of Default (including if any of the Obligations with respect to the Securities have become or are declared to be immediately due and payable) shall be deemed a redemption or repayment at the Company’s option for purposes of this Section 3.02 and thereby require payment of the applicable redemption prices described in Section 3.02(a).
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Deemed Redemption. The Shares purchased by the Company pursuant to this Agreement shall be deemed to have been "redeemed pursuant to an optional redemption" by Wireless "within the six-month period immediately following the Closing Date" for purposes of Section 2(b) of the Purchase Agreement. The parties agree that, as a result of such deemed redemption, the percentage of the then-outstanding shares of Wireless Class A and Class B Common Stock used to calculate the number of shares of Class A Common Stock purchasable pursuant to the Warrant to be issued to Sellers pursuant to Section 2(b)(i) of the Purchase Agreement shall be reduced to reflect such deemed redemption.
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Deemed Redemption. If, at any time after the execution of this Agreement: (a) a Limited Partner becomes incapacitated (as determined by the General Partner), insolvent or bankrupt; or (b) the General Partner, acting reasonably, determines that a Limited Partner is in default of any of its obligations hereunder or that the participation of a Limited Partner in the Partnership might cause the Partnership or any Partner to be in violation of any law (including without limitation, securities law), or might have a material adverse effect on the Partnership or its business, or if any litigation is commenced or threatened against the Partnership or any Partner arising out of, or relating to, the participation of such Limited Partner in the Partnership, then such Limited Partner will be deemed to have submitted to the General Partner a request for redemption of all of its Units pursuant to Section 7.1. In the case of paragraph (a) above, as of the date the General Partner determines that the Limited Partner has become incapacitated or the date on which such Limited Partner has admitted to be insolvent or is found to be insolvent or bankrupt by a court of competent jurisdiction; or In the case of paragraph (b) above, as of the date that is no fewer than 5 days after the General Partner has delivered a notice of its determination under paragraph (b), as the case may be.
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Deemed Redemption. Notwithstanding any provision of this Agreement to the contrary, in the event that the Investors receive a distribution with respect to the Investors’ Invested Capital under Section 4.2(iii) hereof, such distribution shall be treated for all purposes of this Agreement (specifically including, but not limited to, the provisions of this Article X) as a redemption by the Company of a portion of the Class B Units held by the Investors at such time. The number of Class B Units held by an Investor that are deemed to be redeemed by the Company in accordance with the provisions of this Section 10.11, shall be determined by multiplying an amount equal to all of the Class B Units held by each Investor immediately prior to such distribution by a fraction, the numerator of which shall be equal to the applicable distribution made to such Investor at such time with respect to its Invested Capital under Section 4.2(iii) hereof and the denominator of which shall be equal to the Invested Capital of such Investor immediately prior to such distribution.
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Related to Deemed Redemption

  • Final Redemption Unless previously redeemed, or purchased and cancelled, the Bonds will be redeemed at their principal amount on the Interest Payment Date falling on, or nearest to, June 26, 2017. The Bonds may not be redeemed at the option of the Issuer other than in accordance with this Condition.

  • In-kind redemptions The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may, in its sole discretion, honor any redemption request partially or wholly in-kind in a manner consistent with Federated Hermes Funds’ Redemption-In-Kind Procedures.

  • Optional Redemption (a) Except as set forth in subparagraphs (b) and (c) of this Paragraph 5, the Issuer will not have the option to redeem the 2019 Notes prior to June 1, 2014. On or after June 1, 2014, the Issuer may redeem all or a part of the 2019 Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest on the 2019 Notes redeemed to, but not including, the applicable redemption date, if redeemed during the twelve-month period beginning on June 1 of the years indicated below, subject to the rights of Holders on the relevant record date to receive interest on the relevant Interest Payment Date: Year Percentage 2014 103.000 % 2015 101.500 % 2016 and thereafter 100.000 % Unless the Issuer defaults in the payment of the redemption price, interest will cease to accrue on the 2019 Notes or portions thereof called for redemption on the applicable redemption date. (b) Notwithstanding the provisions of subparagraph (a) of this Paragraph 5, at any time prior to June 1, 2014, the Issuer may on any one or more occasions redeem up to 35% of the aggregate principal amount of 2019 Notes issued under the Indenture (including any additional notes issued after the Issue Date) at a redemption price of 106.000% of the principal amount thereof, plus accrued and unpaid interest to, but not including the redemption date, with the net cash proceeds of one or more Equity Offerings; provided that (1) at least 65% in aggregate principal amount of the 2019 Notes issued under the Indenture (excluding Notes held by the Issuer and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption and (2) that such redemption occurs within 180 days of the date of the closing of such Equity Offering. (c) At any time prior to June 1, 2014, the Issuer may also redeem all or a part of the 2019 Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder’s registered address, at a redemption price equal to 100% of the principal amount of 2019 Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, to, but not including, the date of redemption, subject to the rights of Holders of 2019 Notes on the relevant record date to receive interest due on the relevant interest payment date.

  • Repurchase and Redemption Section 4.01.

  • Tax Redemption If a Tax Event (defined below) occurs, Principal Life will have the right to redeem this Agreement by giving not less than 30 and no more than 60 days prior written notice to the Agreement Holder and by paying to the Agreement Holder an amount equal to the Fund. The term “