Redemption Mechanics. After receipt of a Redemption Notice and on the date the Put Right is exercised as indicated in such Redemption Notice, the Company shall redeem the number of Class A Preferred Units as set forth in such Redemption Notice, which amount may include fractional Units, and the redemption amount shall be equal to the liquidation value of such Class A Preferred Units plus accrued and unpaid distributions in respect of such redeemed Class A Preferred Units, if any, as of the date of the Redemption Notice (the “Redemption Amount”). The Company shall distribute the proceeds of the redemption to the Class A Preferred Member no later than one Business Day following the date the Put Right is exercised as indicated in the Redemption Notice. In consideration for the payment of the Redemption Amount specified in this Section 4.5(c), the Class A Preferred Member shall transfer to the Company the number of its Class A Preferred Units to be so redeemed, free and clear of all liens and encumbrances, and shall furnish to the Company all documentation reasonably required by the Company to effect and evidence the redemption of such Class A Preferred Units. If less than all the outstanding Class A Preferred Units are to be redeemed, the selection of Class A Preferred Units for redemption shall be made pro-rata among the outstanding Class A Preferred Units. Upon any redemption of Class A Preferred Units, Schedule A attached hereto shall be amended to reflect the remaining amount of Class A Preferred Units held by the Trust, if any.
Redemption Mechanics. Unless a timely Retraction Notice has been delivered to the Company with a copy to CPE prior to the Redemption Date as set forth in Section 9.1(c), on the Redemption Date the following shall occur:
(1) the Company shall (A) revise Exhibit A to reflect (i) the number of Common Membership Units held by the Redeeming Member following the Redemption Date and (ii) if CPE exercises the CPE Assumption Right, the number of Common Membership Units held by CPE following the Redemption Date, and (B) deliver to CPE all transfer tax stamps or funds therefor, if required pursuant to Section 9.1(e);
(2) (i) if CPE has not exercised the CPE Assumption Right, the Company shall deliver to the Redeeming Member a Cash Settlement for the Redeemed Units or (ii) if CPE has exercised the CPE Assumption Right, CPE shall deliver to the Redeeming Member (or such other party that the Redeeming Member may designate) one of the following:
(A) in the event that CPE determines to pay the Redeeming Member the Share Settlement, CPE shall (x) issue to the Redeeming Member in such name or names as the Redeeming Member may direct the Share Settlement and (y) deliver or cause to be delivered at the office of CPE's transfer agent, a certificate or certificates representing the number of full shares of CPE Common Stock issuable upon redemption in a Share Settlement, if the CPE Common Stock is certificated, issued in the name of the Redeeming Member or in such other name or names as the Redeeming Member may direct;
(B) in the event that CPE determines to pay the Redeeming Member the Cash Settlement, CPE shall pay to the Redeeming Member or such other Person as the Redeeming Member may direct the Cash Settlement; or
(C) in the event that CPE determines to pay the Share/Cash Settlement, CPE shall (x) issue to the Redeeming Member in such name or names as the Redeeming Member may direct the Partial Share Settlement, (y) deliver or cause to be delivered at the office of CPE's transfer agent, a certificate or certificates representing the number of full shares of CPE Common Stock issuable upon redemption in a Partial Share Settlement, if the CPE Common Stock is certificated, issued in the name of the Redeeming Member or in such other name or names as the Redeeming Member may direct, and (z) pay to the Redeeming Member or such other Persons as the Redeeming Member may direct the Partial Cash Settlement. If CPE exercises the CPE Assumption Right, redemption pursuant to this Section 9.1 shall be deemed t...
Redemption Mechanics. (i) Subject to the satisfaction of any Redemption Contingency that is specified in the relevant Redemption Notice, the Redemption shall be completed on the Redemption Date. A Redemption Notice shall not be revocable or modifiable unless a valid Cash Election has not been made and the Managing Member gives written consent.
(ii) Unless a member of the PubCo Holdings Group has elected its Call Right pursuant to Section 4.6(f), on the Redemption Date (to be effective immediately prior to the close of business on the Redemption Date)
(A) the Redeeming Member shall transfer and surrender the Units to be redeemed (and a corresponding number of Class B Shares) to the Company, in each case free and clear of all liens and encumbrances, (B) unless, in the event of a Cash Election by the Company, the Company in its discretion elects to fund any part of the consideration the Redeeming Member is entitled to receive under Section 4.6(a)(i) without a contribution from a member of the PubCo Holdings Group, Managing Member Blocker (or such other member(s) of the PubCo Holdings Group designated by Managing Member Blocker) shall contribute to the Company the consideration the Redeeming Member is entitled to receive under Section 4.6(a)(i) and, as described in Section 4.1(e), the Company shall issue to Managing Member Blocker (or such other member(s) of the PubCo Holdings Group), as applicable, a number of Units or other Equity Securities of the Company as consideration for such contribution, (C) the Company shall (x) cancel the redeemed Units, (y) transfer to the Redeeming Member the consideration the Redeeming Member is entitled to receive under Section 4.6(a)(i), and (z) if the Units are certificated, issue to the Redeeming Member a certificate for a number of Units equal to the difference (if any) between the number of Units evidenced by the certificate surrendered by the Redeeming Member pursuant to Section 4.6(b)(ii)(A) and the number of redeemed Units, and (D) PubCo shall cancel the surrendered Class B Shares. Notwithstanding any other provisions of this Agreement to the contrary, in the event that the Company makes a valid Cash Election, the PubCo Holdings Group shall only be obligated to contribute to the Company an amount in cash equal to the net proceeds (after deduction of the Discount) from the sale by PubCo of a number of Class A Shares equal to the number of Units and Class B Shares to be redeemed with such cash or from the sale of other PubCo Equity Securities ...
Redemption Mechanics. (a) No action is required on the part of any Debenture Holder(s) at the time of redemption of the Debentures. On the relevant Redemption Date, the relevant amounts shall be paid by the Company, in accordance with paragraph 5 (Payments) of this Schedule, to those Debenture Holders whose names appear on the Register of Beneficial Owners as on the Record Date and, for these purposes, a statement issued by the Depository shall be conclusive evidence in respect thereof.
(b) All Debentures that are redeemed in full on any Redemption Date will forthwith be cancelled and extinguished through appropriate corporate action. Any partial redemption of a Debenture on any Redemption Date will to that extent be a good discharge to the Debenture Holder in respect of the amounts payable by the Company.
Redemption Mechanics. The minimum redemption required is RM50 Cash Credit and Cardholders may redeem in multiples of RM50.
Redemption Mechanics. Prior to the undertaking by Genesis MLP of any contractual obligations to any underwriter or other purchaser to complete any sale of Common Units by Genesis MLP pursuant to this Agreement, the Participating Holders shall transfer to a custodian, pursuant to custodial arrangements satisfactory to Genesis MLP and the Participating Holders, certificates representing Common OLP Units equal to the Aggregate Redemption Number. After the completion of a sale of Common Units by Genesis MLP pursuant to this Agreement, Genesis MLP shall transfer to Genesis OLP the proceeds of the sale of a number of Common Units equal to the Aggregate Redemption Number, net of underwriting discounts and commissions or placement fees, if any, with respect to such sale. Genesis OLP shall thereafter send a notice (a "Redemption Notice") to each Participating Holder that has not withdrawn in accordance with clause (ii) of Section 2.1(a) of this Agreement specifying (i) that the sale is complete and (ii) that Genesis OLP will redeem the Individual Redemption Number of Common OLP Units of such Participating Holder. Within ten (10) days after the date of the Redemption Notice, Genesis OLP shall submit payment of the Redemption Price to the Participating Holders.
Redemption Mechanics. (i) With respect to redemptions pursuant to Section 17.08(a) or Section 17.08(b), the Company shall determine the redemption date (the “Series A Redemption Date”); provided, however, that such date must be no more than thirty 30 days following delivery of the Series A Redemption Notice. Upon the Series A Redemption Date, the Company shall promptly pay the Series A Holders the Series A Redemption Price.
Redemption Mechanics. On or prior to the Redemption Date, each holder of the Triumph Notes shall surrender such Triumph Notes to the Company, in the manner and at the place designated in the notice required by Section 6.5 of the Triumph Purchase Agreement and thereupon the outstanding principal and accrued interest on such Triumph Notes shall be payable to the order of the person whose name appears on such Triumph Notes as the owner thereof and each surrendered Triumph Note shall be cancelled. From and after the Redemption Date, unless there shall have been a default in the payment of the Redemption Price, all rights of the holders of the Triumph Notes (except the right to receive the Redemption Price without interest upon surrender of their Triumph Notes) shall cease with respect to such Triumph Notes, and such Triumph Notes shall not thereafter be transferred on the books of the Company or be deemed to be outstanding for any purpose whatsoever.
Redemption Mechanics. Each Mandatory Redemption Closing shall take place on the relevant Mandatory Redemption Date, or in the event that the New AA Plant has not achieved Commercial Operation on such date (other than as a result of PAG Decision), then the date falling sixty (60) days following the date on which Commercial Operation occurs. At each Mandatory Redemption Closing, subject to Applicable Laws, the Company shall redeem all of the relevant Mandatory Redemption Shares from the Class A Preferred Shareholder by paying the relevant Mandatory Redemption Price (or, where the Mandatory Redemption Price is zero, such minimum redemption price as may be required under Applicable Laws).
Redemption Mechanics. Closing of the redemption of the Class A Preferred Shares pursuant to this Article [1]A(iii) (the “Early Redemption Closing”) shall take place within sixty (60) days from the receipt of the Early Redemption Notice. At the Early Redemption Closing, subject to Applicable Laws, the Company shall redeem all of the Class A Preferred Shares outstanding at the time from the Class A Preferred Shareholder by paying the Early Redemption Price.
