Manner of Redemption. Redemption from the FUND shall be computed on the basis of the applicable NAVPU on the day the redemption is effected. Redemptions from the FUND shall result in the reduction of the TRUSTOR’s proportionate interest in the FUND. Such reductions shall be expressed in units based on the NAVPU. For the effective management of the FUND, the minimum amount for partial redemptions, the minimum holding period (and applicable redemption fee), and the required minimum maintaining balance in the FUND are stated in the PLAN/TRUST DEED. Should a redemption result to the investment in the FUND falling below the required minimum maintaining balance, the TRUSTEE shall automatically close the account without need of prior notification to the TRUSTOR, in which case, the entire balance of the FUND shall be paid through credit to the Settlement Account based on the applicable NAVPU for the day multiplied by the number of remaining unit holdings. Settlement of redemptions shall be in accordance with what is stated in the PLAN/TRUST DEED of the FUND. Changes thereof shall be subject to BSP Regulations.
Manner of Redemption. Whenever the Company shall determine to exercise any optional right it may have to redeem Bonds of any series issued hereunder, it shall file with the Trustee not less than sixty days prior to the date fixed for the redemption of such Bonds, a Resolution specifying the principal amount of and designating the series of Bonds to be redeemed and shall, on or before the date fixed for redemption, deposit with the Trustee sufficient moneys to redeem such Bonds and pay to the Trustee its proper expenses and charges in connection with such redemption.
Manner of Redemption. Commencing on July 1, 1998, the former shareholders of Xxxxxx Car Wash, Inc., may sell to SPF a percentage of the SPF Energy, Inc. Common Stock received in exchange for Xxxxxx Car Wash, Inc. Common Stock and SPF shall buy the percentage tendered as allowed by this Agreement.
Manner of Redemption. In the event the Corporation redeems the Redemption Shares pursuant to subsection (a) above, the Corporation shall send written notice of its intent or obligation to do so to each holder of record of such shares at least thirty (30) days prior to the Date of Redemption, which shall set forth the following: (i) the number of shares to be redeemed by the Corporation from such shareholder; (ii) the aggregate number of Redemption Shares to be redeemed from all the holders thereof; (iii) the Date of Redemption; (iv) the Series BB Redemption Price per share; and (v) instructions to the holders thereof to surrender all certificates evidencing the Redemption Shares to the Corporation at its principal office (or such other place as may be designated in the notice by the Corporation); provided, however, that the failure of the Corporation to deliver such notice shall not relieve the Corporation of its obligation to redeem the Redemption Shares pursuant to the terms of this Section 8. Upon receipt of such notice, each holder of Redemption Shares shall surrender to the Corporation all certificates evidencing the shares to be redeemed as instructed, and, thereupon, the Corporation shall pay the Series BB Redemption Price for each such share to the order of the holder of the shares so redeemed and each such certificate and the shares evidenced thereby shall be canceled and retired. No Redemption Shares redeemed by the Corporation shall be reissued by the Corporation. From and after the Date of Redemption set forth in the Corporation’s notice of redemption, no further dividends shall accrue upon any shares of Series BB Preferred Stock, subject to the redemption thereof on such date.
Manner of Redemption. Whenever any Bonds or portions thereof are to be selected for redemption by lot, the Trustee shall make such selection, in such manner as the Trustee shall deem appropriate, and shall notify the Successor Agency thereof to the extent Bonds are no longer held in book-entry form. In the event of redemption by lot of Bonds, the Trustee shall assign to each Bond then Outstanding a distinctive number for each $5,000 of the principal amount of each such Bond. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected, but only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. All Bonds redeemed or purchased pursuant to this Section 2.03 shall be cancelled and destroyed.
Manner of Redemption. Redemption from the FUND/s shall be computed on the basis of the applicable Net Asset Value per unit on the day the redemption is effected. Redemptions from the Fund shall result in the reduction of the TRUSTOR/s’ proportionate interest in the Fund. Such reductions shall be expressed in Units based on the NAVPU. For the effective management of the FUND/s, the minimum amount for partial redemptions, the minimum holding period, the early redemption fee and the required minimum maintaining balance in the FUND/s are stated in the PLAN(s)/TRUST DEED. Should a redemption result to the investment in the FUND/s falling below the required minimum maintaining balance the TRUSTOR’s participation shall be deemed automatically terminated, in which case, the entire balance of the FUND/s shall be paid through credit to the TRUSTOR/s’ Settlement Account based on the applicable Net Asset Value per unit for the day multiplied by the number of remaining unit holdings. Settlement of redemptions shall be in accordance with what is stated in the PLAN(s)/TRUST DEED of the FUND/s. Changes thereof shall be subject to Subsection X410.6.
Manner of Redemption. (1) On the Redemption Date, the Company shall (i) accept for redemption Notes or portions thereof pursuant to the Notice to Redeem; (ii) pay the pro rata Amount to be Redeemed together with all accrued and unpaid interest to each Holder of a Note that has delivered to the Company prior to the close of business on the Redemption Date; and (iii) deliver, or cause to be delivered, to the Noteholders such new Notes evidencing any amounts not redeemed, as applicable.
(2) In respect of any Note which is required to be delivered pursuant to a Notice to Redeem and is not received by the Company prior to the close of business on the Redemption Date, the Company shall, on the Business Day of receipt of such Note by the Company, redeem and pay out the pro rata Amount to be Redeemed in respect of such Note.
Manner of Redemption. Whenever any 2019 Bonds or portions thereof are to be selected for redemption by lot, the Trustee shall make such selection, in such manner as the Trustee shall deem appropriate, and shall notify the Successor Agency thereof to the extent 2019 Bonds are no longer held in book-entry form. In the event of redemption by lot of 2019 Bonds, the Trustee shall assign to each 2019 Bond then Outstanding a distinctive number for each $5,000 of the principal amount of each such 2019 Bond. The 2019 Bonds to be redeemed shall be the 2019 Bonds to which were assigned numbers so selected, but only so much of the principal amount of each such 2019 Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. All 2019 Bonds redeemed or purchased pursuant to this Section 2.03 shall be cancelled and destroyed.
Manner of Redemption. 30 Section 7.02. Selection of Bonds to Be Redeemed.........................30 Section 7.03.
Manner of Redemption. 22 SECTION 12. Call Option.................................................25 SECTION 13. Limit on Grant of Other Put or Redemption Rights............26 SECTION 14. Survival of Provisions......................................26 SECTION 15. Delays, Omissions and Indulgences...........................27
