Redemption Price and Payment. The proceeds per Unit payable on redemption determined on the applicable Valuation Day will equal the Series Net Asset Value per Unit on the Valuation Day as determined above. No fee or other charge shall be deducted by the Manager, the Trustee, in its capacity as such, or such Fund in respect of such payment. The proceeds will become due on the Valuation Day except that, if payment of the proceeds is suspended under Section 5.3, the proceeds will cease to be due and will become due on the Valuation Day established pursuant to Section 5.3 (or on the termination of the suspension if the suspension lasts for less than 48 hours). As directed by the Manager, the Trustee shall, within the time period permitted by Applicable Laws (and in any event within three Business Days) after the Valuation Date as of which the valuation is made, or such later date that may apply under the provisions of Section 5.3, arrange for the payment of the value of the Units being redeemed by the mailing or delivery of a cheque or by such other method of payment as the Manager may determine in its discretion including electronic funds transfer and payment in kind in the relevant amount in Canadian funds determined in accordance with Section 5.1 (less any amount required to be withheld) to the Unitholder at his last address as shown in the record of Unitholders of such Fund or to such other payee or address as the Unitholder may in writing direct. Neither the Trustee nor the Manager shall have any obligation to advance or loan funds or otherwise extend credit to the Fund for any purpose, including for the making of a redemption payment. Any cheque so delivered or mailed, unless not honoured, and any such payment shall on presentation, discharge the applicable Fund, the Trustee and the Manager from all liability to the Unitholder in respect of the amount thereof plus any amount withheld in respect of the Units redeemed. For greater certainty, where a Unitholder is or becomes a citizen or resident of the United States or a resident of any other foreign country, the Manager shall be entitled, at any time and from time to time, at its discretion, to compulsorily cause to be withdrawn all or any part of the Units held by any such Unitholder if such holding has the potential to cause adverse regulatory or tax consequences for a Fund or other Unitholders of a Fund, on such terms and conditions as the Manager may, from time to time, determine, at its discretion, for an amount in Canadian funds...
Redemption Price and Payment. Upon redemption of Units, a Limited Partner will be entitled to receive a redemption price per Unit equal to the Net Asset Value Per Unit determined as of 5:00 p.m. (Toronto time) on the Redemption Date, less an amount equal to (i) 20% of any increase in Net Asset Value per Unit above the high water xxxx as of 5:00 p.m. on the Redemption Date in excess of Net Asset Value per Unit as of 5:00 p.m. on the immediately preceding Quarter end multiplied by (ii) the number of Units redeemed by the Limited Partner. If a redemption of Units occurs any time prior or up to 12 months from the initial subscription, a 7% value of the total redemption amount will be withheld. The total redemption amount is determined by multiplying the Net Asset Value on the Redemption Date by the number of Units being redeemed. If a redemption of Units occurs any time after 12 months and prior to the 24 month date from the initial subscription, a 5% value of the total redemption amount will be withheld. The total redemption amount is determined by multiplying the Net Asset Value on the Redemption Date by the number of Units being redeemed. The General Partner shall, within 20 business days after the Redemption Date on which a Limited Partner's Units are redeemed, make payment of the redemption price per Unit in respect of the Units redeemed together with any unpaid distribution in respect of such Units which became payable on or before such Redemption Date less any amount required to be withheld therefrom under applicable law. Payment shall be made in Canadian funds and may be made by wire transfer to the bank account of the Limited Partner, by the mailing or delivery of a cheque to the Limited Partner at his last address as shown on the Record of Limited Partners or by some other method as the General Partner deems appropriate. Any payment so made shall, unless a cheque is not honoured on presentation, discharge the Partnership and the General Partner from all liability to the Limited Partner in respect of the amount thereof plus any amount required by law to be withheld and the Units so redeemed shall be cancelled and not reissued.
Redemption Price and Payment. The Preferred Shares to be redeemed on the Company Optional Redemption Date pursuant to this Section 4 shall be redeemed by the Company by paying for each such Preferred Share cash, out of any assets of the Company legally available therefor, in an amount equal to the Liquidation Preference plus Accrued Dividends as of the Company Optional Redemption Date (the "Redemption Price").
Redemption Price and Payment. The proceeds per Unit payable on redemption determined on the applicable Valuation Day will equal the Series Net Asset Value per Unit on the Valuation Day as determined above. No fee or other charge shall be deducted by the Manager, the Trustee, in its capacity as such, or such Fund in respect of such payment. The proceeds will become due on the Valuation Day except that, if payment of the proceeds is suspended under Section 5.3, the proceeds will cease to be due and will become due on the Valuation Day established pursuant to Section 5.3 (or on the termination of the suspension if the suspension lasts for less than 48 hours). As directed by the Manager, the Trustee shall, within three Business Days after the Valuation Date as of which the valuation is made, or such later date that may apply under the provisions of Section 5.3, arrange for the payment of the value of the Units being redeemed by the mailing or delivery of a cheque or by such other method of payment as the Manager may determine in its discretion including electronic funds transfer and payment in kind in the relevant amount in Canadian funds determined in accordance with Section
Redemption Price and Payment. The Series A Convertible Preferred Stock to be redeemed ton the Redemption Date shall be redeemed by paying for each share in cash an amount equal to $3.00 per share plus, in the case of each share, an amount equal to all Accruing Dividends unpaid thereon (whether or not declared) and any other dividends declared but unpaid thereon, computed to the Redemption Date, such amount being referred to as the "Redemption Price". Such payment shall be made in full on the Redemption Date to the holders entitled thereto.
Redemption Price and Payment. The redemption price for the Redeemed Units shall be $56,108,857.50 (the "Redemption Price"), which amount shall be payable by wire transfer of immediately available funds by the Partnership as set forth below upon delivery of the affidavit set forth in Section 1 above. JMB Partner agrees that the Redemption Price represents full consideration for the Redeemed Units and that it is entitled to no other consideration therefor. The Redemption Price paid by the Partnership to JMB Partner shall be allocated by JMB Partner as follows: (a) $55,547,768.93, an amount equal to ninety-nine percent (99%) of the Redemption Price, to XXX/000 Xxxx Xxxxxx Associates, Ltd. and (b) $561,088.57, an amount equal to one percent (1%) of the Redemption Price, to WFP Property G.P.
Redemption Price and Payment. The Series Y Preferred Stock to be redeemed on the Redemption Date shall be redeemed by paying for each share in cash an amount (such amount being referred to as the "Redemption Price") equal to $1,000 (as such amount may be adjusted for any stock splits, stock dividends, recapitalizations or the like affecting the Series Y Preferred Stock) plus, in the case of each share, an amount equal to all Accruing Dividends unpaid thereon (whether or not declared) and any other dividends declared but unpaid thereon, computed to the date payment thereof is made available.
Redemption Price and Payment. The Corporation shall pay the Shareholders a redemption price for the Redeemed Shares in the aggregate amount of Seven Million One Hundred Sixty-Two Thousand Four Hundred Fifty-One and 58/100 Dollars ($7,162,451.58) (the “Redemption Price”). The Redemption Price shall be allocated between the Shareholders in accordance with the amount reflecting against each of their names in the allocation table attached hereto as Exhibit A. The Shareholders and the Corporation acknowledge and agree that the Redemption Price has been derived by mutual agreement of the Parties. At the Closing the Corporation shall pay to each of the Shareholders the Redemption Price in full in accordance with the respective amounts set forth against each Shareholder in Exhibit A. Payment of the Redemption Price shall be made by the Corporation to the Shareholders in cash by wire transfer of immediately available funds to an account designated in advance by the Shareholders.
Redemption Price and Payment. On January 7, 1998, the Corporations will pay to Moorx xxx aggregate sum of Six Million Eight Hundred Eighty Eight Thousand Five Hundred Sixty Six Dollars ($6,888,566) (the "Redemption Price"), which obligation is represented by the promissory note of the Corporations, a copy of which is attached hereto as Exhibit C, (the "Note") which Note has been duly executed, approved and authorized by the Corporations and this date 2 delivered to Moorx. Xx execution of this Agreement Moorx xxxnowledges receipt of such Note. It is specifically understood and agreed among all parties hereto that the Redemption Price constitutes the fair market value for the Shares. The parties agree that the Redemption Price shall be allocated among the Shares in accordance with the Purchase Price Allocation Statement attached hereto as Exhibit D. Each Corporation shall be liable to pay the portion of the aggregate Redemption Price set forth on Exhibit "D" as its allocable share.
Redemption Price and Payment. The shares of Series A Preferred to be redeemed on a Redemption Date shall be redeemed by paying for each share in cash an amount equal to the Minimum Preferred Return on such Redemption Date, such amount being referred to herein as the "Preferred Redemption Price." Such payment shall be made by the Corporation in full, from funds legally available therefor, on such Redemption Date to the holder entitled thereto.
