Minimum Redemption Amount Sample Clauses
The Minimum Redemption Amount clause sets a lower limit on the number or value of units, shares, or interests that an investor can redeem in a single transaction. In practice, this means that investors must request to redeem at least the specified minimum amount, such as a certain number of shares or a monetary threshold, when withdrawing from a fund or investment product. This clause helps prevent administrative inefficiencies and excessive transaction costs by discouraging small, frequent redemptions that could disrupt fund management.
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Minimum Redemption Amount. No request by a Participant for the redemption of less than one dollar ($1.00) need be honored.
Minimum Redemption Amount. Minimum Holding Amount
Minimum Redemption Amount. You must accumulate and redeem a minimum of 2,500 points in the Program for any item redeemed.
Minimum Redemption Amount. Any redemption pursuant to Section 3.07 shall be made in a minimum amount of €1,000,000.
Minimum Redemption Amount. No redemption pursuant to this Section 3.08 is required to be made until such time as the aggregate amount of Redemption Event Proceeds received by the Companies and then available for such purpose equal or exceed $5.0 million. In addition, Redemption Event Proceeds received by the Companies prior to March 15, 2007, shall not be applied to redemption pursuant to this Section 3.08 until such time as redemption would be permitted at the option of the Companies pursuant to Section 3.07 hereof. Until such time as any Redemption Event Proceeds are used to redeem Notes in accordance with this Section 3.08, such Redemption Event Proceeds shall be delivered to the Trustee to be held by the Trustee in a segregated cash collateral account for the benefit of the Holders (and, for purposes hereof, the Companies hereby grant to the Trustee a security interest in and Lien upon all amounts so held in such collateral account as collateral security for the obligations of the Companies under this Agreement and the Notes). Amounts on deposit in such collateral account may not be withdrawn by the Companies except to (x) effect a redemption of Notes as provided herein (unless all Notes have been redeemed or otherwise paid in full in cash or discharged in accordance with the provisions of this Agreement) or (y) repurchase Notes pursuant to clause (f) below. The balance from time to time in such collateral account shall be invested in Cash Equivalents as shall be selected by the Companies (or, after the occurrence and during the continuance of an Event of Default, by the Trustee). In all events, redemptions pursuant to this Section 3.08 shall be made within 90 days of the later of (i) March 15, 2007, and (ii) any date upon which Redemption Event Proceeds received by the Companies and then available for such purpose equal or exceed $5.0 million.