Redemption of Class A Shares Sample Clauses

Redemption of Class A Shares. The Parties agree to take all necessary action to cause all of the Class A Shares to be redeemed for nominal consideration immediately after Bralorne has incurred and renounced the FT Expenses pursuant to Section 6.3.1. During the period of time after the Closing Date that the Class A Shares are issued and outstanding, the Vendor agrees that the Purchaser shall be permitted to issue additional shares in its capital stock provided that after each such issuance the Vendor owns shares that entitle the Vendor to greater than 50% of all outstanding votes required to elect Bralorne’s directors.
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Redemption of Class A Shares. 5.1 Upon receiving a written request from the holders of a majority of the Class A Shares at any time after the fourth anniversary of 31 May 2005, the Company shall redeem the number of Class A Shares submitted by such holders for redemption.
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Redemption of Class A Shares. Holders of Class A Shares may redeem its Class A Shares at the applicable redemption price on the first business day in each month or such other day as prescribed by the directors of the Investment Fund. The redemption price of each Class A Share will be determined by reference to the Net Asset Value of Class A Shares on the last business day in each month or such other day as the directors of the Investment Fund prescribe at which such net asset value falls to be calculated. On the first valuation of the Net Asset Value of Class A Shares immediately after the subscription, the Net Asset Value of Class A Shares shall be calculated by adding the Fixed Return to the subscription price (net of any subscription fees and bank charges). Thereafter, the Net Asset Value of Class A Shares shall be calculated by adding the Fixed Return to the Net Asset Value of Class A Shares on any previous valuation. Any shortfall of the Fixed Return shall be funded by holders of class C shares. Accordingly, subject to the default of the obligation by holders of class C shares to fund such shortfall, the redemption price of Class A Shares shall at least be equal to or greater than that of the subscription price. The directors of the Investment Fund are entitled to arrange for revaluation of Participating Shares (including Class A Shares) if they consider that the redemption price does not accurately reflect the true value of such Participating Shares.
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Redemption of Class A Shares. A Shareholder shall give written notice to the Company no later than five Business Days after any redemption of MedMen Corp. Redeemable Shares and/or MedMen Redeemable Units directly or indirectly beneficially owned or deemed to be beneficially owned by that Shareholder or any other transaction pursuant to which MedMen Corp. Redeemable Shares and/or MedMen Redeemable Units are no longer directly or indirectly beneficially owned or deemed to be beneficially owned by that Shareholder (other than pursuant to a permitted Transfer as described in Section 5.1). The parties agree that in such an instance the Company shall, in accordance with Article 2.1(1)(g) of the Articles and the provisions of the Act, redeem one (1) Class A Share from the holder thereof for every fifty (50) MedMen Corp. Redeemable Shares and/or MedMen Redeemable Units beneficially owned, directly or indirectly, or deemed to be so beneficially owned by such holder, that are redeemed in accordance with their terms by either Medmen Corp., Medmen or the Company, as applicable, or otherwise no longer so beneficially owned by such holder (other than pursuant to a permitted Transfer as described in Section 5.1) and the Shareholder subject to such redemption shall comply in all respects with the redemption procedures set out in the Articles. The Company shall also amend the provisions of Schedule 2.2 hereof to reflect the ownership of the Class A Shares following such redemption.
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Related to Redemption of Class A Shares

  • Redemption of Units If the underwriters (the “Underwriters”) in the Company’s initial public offering (the “IPO”) do not exercise in full their over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then either (i) the Company shall redeem from Purchaser, at a redemption price equal to $0.01 per Unit, or (ii) the Purchaser shall forfeit, a number of Units equal to 6,000 multiplied by the percentage of the Underwriters’ over-allotment option that remains unexercised as of the expiration date thereof.

  • Redemption of Preferred Stock Whenever the Corporation shall be permitted and shall elect to redeem shares of Preferred Stock in accordance with the terms of the Certificate of Designations, it shall (unless otherwise agreed to in writing with the Depositary) give or cause to be given to the Depositary, not less than 35 days and not more than 65 days prior to the Redemption Date (as defined below), notice of the date of such proposed redemption of Preferred Stock and of the number of such shares held by the Depositary to be so redeemed and the applicable redemption price, which notice shall be accompanied by a certificate from the Corporation stating that such redemption of Preferred Stock is in accordance with the provisions of the Certificate of Designations. On the date of such redemption, provided that the Corporation shall then have paid or caused to be paid in full to the Depositary the redemption price of the Preferred Stock to be redeemed, plus an amount equal to any declared and unpaid dividends (without accumulation of any undeclared dividends) thereon to the date fixed for redemption, in accordance with the provisions of the Certificate of Designations, the Depositary shall redeem the number of Depositary Shares representing such Preferred Stock. The Depositary shall mail notice of the Corporation’s redemption of Preferred Stock and the proposed simultaneous redemption of the number of Depositary Shares representing the Preferred Stock to be redeemed by first-class mail, postage prepaid, not less than 30 days and not more than 60 days prior to the date fixed for redemption of such Preferred Stock and Depositary Shares (the “Redemption Date”), to the Record Holders of the Receipts evidencing the Depositary Shares to be so redeemed at their respective last addresses as they appear on the records of the Depositary; but neither failure to mail any such notice of redemption of Depositary Shares to one or more such Holders nor any defect in any notice of redemption of Depositary Shares to one or more such Holders shall affect the sufficiency of the proceedings for redemption as to the other Holders. Each such notice shall be prepared by the Corporation and shall state: (i) the Redemption Date; (ii) the number of Depositary Shares to be redeemed and, if less than all the Depositary Shares held by any such Holder are to be redeemed, the number of such Depositary Shares held by such Holder to be so redeemed; (iii) the redemption price or the manner of its calculation; (iv) the place or places where Receipts evidencing such Depositary Shares are to be surrendered for payment of the redemption price; and (v) that dividends in respect of the Preferred Stock represented by such Depositary Shares to be redeemed will cease to accrue on such Redemption Date. In case less than all the outstanding Depositary Shares are to be redeemed, the Depositary Shares to be so redeemed shall be selected either pro rata or by lot.

  • Redemption of Fund Shares On receipt of instructions to redeem shares in accordance with the terms of the Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.

  • Redemption of Notes Section 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54

  • Redemption of Shares In connection with the Fund's redemption of its Shares, the Fund hereby authorizes the Distributor to repurchase, upon the terms and conditions hereinafter set forth, as the Fund's agent and for the Fund's account, such Shares as may be offered for sale to the Fund from time to time by holders of such Shares or their agents.

  • Redemption of Debt Securities Section 3.01 Applicability of Article 16 Section 3.02 Notice of Redemption; Selection of Debt Securities 16 Section 3.03 Payment of Debt Securities Called for Redemption 17 Section 3.04 Mandatory and Optional Sinking Funds 18 Section 3.05 Redemption of Debt Securities for Sinking Fund 18

  • REDEMPTION OF DEBENTURES Section 3.1. Redemption......................................................................... 16 Section 3.2. Special Event Redemption........................................................... 16 Section 3.3. Optional Redemption by the Company................................................. 17 Section 3.4.

  • Redemption of Partnership Interests of Ineligible Holders (a) If at any time a Limited Partner fails to furnish an Eligibility Certificate or any other information requested within the period of time specified in Section 4.9, or if upon receipt of such Eligibility Certificate or other information the General Partner determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited Partner as follows:

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