Redemption Proceeds. The redemption proceeds will be paid in the currency denomination of each Fund, being USD by way of a bank transfer. Redemption proceeds shall be paid, subject to the Company satisfying the solvency test as defined under the Act and there being sufficient liquidity in the Fund, in USD within one Business Day after the date upon which the redemption price applicable at the relevant Valuation day has been determined. As from the date on which a Shareholder’s Cell Share are redeemed, the former Shareholder shall rank as an unsecured creditor of the Company for the sum payable as redemption proceeds with respect to that Fund until such time as the redemption proceeds are debited from the redemption bank account held by the Company.
Redemption Proceeds. The proceeds of redemption shall be remitted by FFC in accordance with the Prospectus as follows:
(a) By check mailed to the Shareholder at the Shareholder's address of record. The redemption request and Share Certificates, if any, for Shares being redeemed must reflect a guarantee of the owner's signature as described in Section 22; or
(b) By other procedures commonly followed by mutual funds, as set forth in the Prospectus and in a Written Instruction from the Fund and mutually agreed upon by the Fund and FFC. For purposes of redemption of shares of any Class of any Series that have been purchased by check within fifteen (15) days prior to receipt of the redemption request, the Fund shall provide FFC with Written Instructions concerning the time within which such requests may be honored. The authority of FFC to perform its responsibilities under Sections 12 and 13 shall be suspended if FFC receives notice of the suspension of the determination of the Fund's net asset value.
Redemption Proceeds. Notwithstanding anything in Section 4.8 or Section 4.9 to the contrary, no proceeds shall be delivered to a Person to whom the delivery of such proceeds would violate applicable law, and in such case and in lieu thereof, the proceeds shall be delivered to a segregated and blocked account maintained by the Company for the eventual benefit of such Person upon the payment or delivery of such proceeds to such Person ceasing to violate applicable law, if such point occurs.
Redemption Proceeds. (1) Payment for redeemed Units or other interest in the Partnership shall be made in cash, within 30 Business Days following the applicable date of redemption. Payment of redemption proceeds shall be made by mailing or delivering a cheque or by wire or electronic transfer as the General Partner may determine, to a Limited Partner at the address noted in the Register. Any payment, unless not honoured, shall discharge the Partnership and the General Partner from all liability to a Limited Partner in respect of the amount thereof and in respect of the Units or other interest in the Partnership redeemed. In no event shall the Partnership or the General Partner be liable to a Limited Partner for interest or income on the proceeds of any redemption pending the payment thereof.
(2) If a redeeming Limited Partner owns Units of more than one Series, Units will be redeemed on a “first in, first out” basis. Accordingly, Units of the earliest Series owned by the Limited Partner will be redeemed first, at the redemption price for Units of such Series, until such Limited Partner no longer owns Units of such Series.
(3) At the option of the General Partner, payment of all or part of any redemption proceeds may be made in a pro rata portion of the Partnership’s securities portfolio.
Redemption Proceeds. All of the proceeds from the redemption of the Preferred Stock shall be used to execute the business plan and finance the operations of 100BIO and capital equipment expenditures as determined from time to time by the managers of 100BIO. This provision shall survive any transfer of the Byzen Shares.
Redemption Proceeds. Any liability of the Holding Company to pay redemption proceeds when the proceeds of any redemption of the Series One Preferred Stock if the redemption occurs on or before March 31, 2003, pursuant to the Holding Company's Articles of Incorporation, as amended by Exhibit B to the Agreement, as amended.
Redemption Proceeds. The proceeds of redemption shall be remitted by Norwest in accordance with the Prospectus and by procedures commonly followed by mutual funds and in a Written Instruction from the Trust and mutually agreed upon by the Trust and Norwest. For purposes of redemption of shares of any Class of any Series that have been purchased by check within fifteen (15) days prior to receipt of the redemption request, the Trust shall provide Norwest with Written Instructions concerning the time within which such requests may be honored. The authority of Norwest to perform its responsibilities under Sections 12 and 13 shall be suspended if Norwest receives notice of the suspension of the determination of a Class' or Series' net asset value.
Redemption Proceeds. The proceeds of redemption shall be remitted by Norwest in accordance with the Prospectus as follows:
(a) By check mailed to the Shareholder at the Shareholder's address of record. The redemption request and Share Certificates, if any, for Shares being redeemed must reflect a guarantee of the owner's signature as described in Section 22; or
(b) By other procedures commonly followed by mutual funds, as set forth in the Prospectus and in a Written Instruction from the Trust and mutually agreed upon by the Trust and Norwest. For purposes of redemption of shares of any Class of any Series that have been purchased by check within fifteen (15) days prior to receipt of the redemption request, the Trust shall provide Norwest with Written Instructions concerning the time within which such requests may be honored. The authority of Norwest to perform its responsibilities under Sections 12 and 13 shall be suspended if Norwest receives notice of the suspension of the determination of the Trust's net asset value.
Redemption Proceeds. All principal in respect of a redemption (in whole or in part, mandatory or optional) and accrued and unpaid interest to (and including) the Redemption Date in respect of all Outstanding Notes shall be paid in full on the Redemption Date, together with all applicable Yield Maintenance Charges due in connection with such redemption (such principal, interest and Yield Maintenance Charge, collectively, the "REDEMPTION PRICE"). Upon receipt by the Indenture Trustee of amounts corresponding to the Redemption Price owing on the Notes on the Redemption Date, the Indenture Trustee shall deposit such monies into the Payment Account and apply such monies as provided in Section 306.
Redemption Proceeds. The proceeds of redemption shall be remitted by the Transfer Agent in accordance with the Prospectuses as follows:
(a) By check mailed to the Shareholder at his address of record or to his designated custodian;
(b) By wiring the appropriate amount in Federal funds; or
(c) By other procedures commonly followed by mutual funds, as set forth in the Prospectuses and in a Written Instruction from the Trust and mutually agreed upon between the Trust and the Transfer Agent. The Transfer Agent may delay payment of the proceeds of redemption of Shares that have been purchased by check within fifteen (15) days prior to receipt of the redemption request and for which Federal funds have not been received. The Trust shall provide the Transfer Agent with Written Instructions concerning the time within which such requests may be honored. The authority of the Transfer Agent to perform its responsibilities under Section 11 and Section 12 shall be suspended with respect to a Fund if the Transfer Agent receives notice from the Trust of the suspension of the determination of that Fund's net asset value.
