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REDEMPTION PROCESS Sample Clauses

REDEMPTION PROCESS. On any Price Determination Day on and after September 30th, 2008, an Authorized Participant may submit a Redemption Order, substantially in the form of EXHIBIT C to the Participants Agreement (or to the extent that such order is electronic, such order shall include the information set forth on such exhibit), to the Administrative Agent by the Order Cut-Off Time on such Price Determination Day (such Price Determination Day, "T," and any number added to T shall refer to such day plus the number of Price Determination Days following such day) to redeem Paired Shares consisting of one or more MacroShares Units. Any Redemption Order that is placed after the Order Cut-off Time shall be void and may be resubmitted on the next Price Determination Day based on the Underlying Value on the last calendar day preceding such Price Determination Day. In connection with the Redemption Order, the Authorized Participant shall have on deposit in its Participant Custodian Account and available to the Trustee by 10:00 a.m. New York City time on T+1 or, if T is an X or an X+1 Date, on T+3 the following: · the Transaction Fee for the MacroShares being redeemed; · Paired Shares which constitute one or more MacroShares Units; and · the Redemption Cash Component, if needed (such amount, the "Redemption Cash Component Amount"), which is an amount equal to the excess of the purchase price of the Eligible Treasuries delivered by the Trustee to the Authorized Participant over the funds to which the Authorized Participant is eligible due to minimum denominations on the Eligible Treasuries on deposit in the Paired Trusts. Upon the satisfaction of the conditions set forth above, the Trustee, on behalf of the applicable Paired Trust and as instructed by the Administrative Agent, shall deliver cash from the applicable Netting Account or, in the event that the amount of cash in the applicable Netting Account is insufficient, deliver cash and/or Eligible Treasuries pursuant to the applicable Trust Agreement to the redeeming Authorized Participant to fill the Redemption Order on T+1 (or on T+3 if T is an X or an X+1 Date) by 3:00 p.m. New York City time to an account designated by the Authorized Participant and, as instructed by the Administrative Agent on a Net Daily Basis, adjust the notional amount of the Income Distribution Agreement and, if required, cancel the Settlement Contracts associated with the MacroShares Units being redeemed. Attachment A-7 REDEMPTION PROCEDURES REDEMPTION ORDER ...
REDEMPTION PROCESS. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2018A Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price plus accrued interest to the date of redemption of the affected Series 2018A Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2018A Bonds called for redemption will become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 2018A Bonds called for redemption, thereafter, no interest will accrue on those Series 2018A Bonds, and a bondholder's only right will be to receive payment of the Redemption Price plus accrued interest to the date of redemption upon surrender of those Series 2018A Bonds.
REDEMPTION PROCESS. Upon the occurrence of a Redemption Event, 4.3. Proceso de rescate. En caso de que se produzca un Supuesto de Rescate,
REDEMPTION PROCESS. The Corporation may exercise its right of ------------------- redemption by giving the Redemption Notice to the Holder, setting forth the intention of the Corporation to redeem all or any part of the outstanding Note on a date ("Redemption Date") no less than 10 nor more than 60 days following ---------------- the date of the Redemption Notice. Delivery of payment of the redemption amount in United States funds to the Holder on the Redemption Date shall be a good and sufficient discharge to the Corporation of the debt evidenced by this Note or of any lesser amount redeemed and, if less than the full amount of debt represented by the Note is redeemed, the Corporation shall deliver to the Holder a replacement Note representing the balance of the debt which remains outstanding. Delivery of the Redemption Notice shall not impede the right of the Holder to convert this Note pursuant to its terms at any time prior to the close of business on the tenth day following receipt by Holder of a Redemption Notice; provided that such period for Conversion may be extended by the Corporation at its sole and absolute discretion.
REDEMPTION PROCESS. OVERVIEW
REDEMPTION PROCESS. The redemption of Shares shall take place only in integral numbers of Creation Units in compliance with the following rules:
REDEMPTION PROCESSAn order to redeem one or more Redemption Baskets placed by a Participant with the Distributor by a telephone call placed by the Order Cut-off Time on a Business Day (such day, “Redemption Order Date”) results in the following taking place by noon, Eastern Time, on the Business Day immediately following the Redemption Order Date (the “Redemption Settlement Time”): if the applicable Trust’s account at the Depository has by the Redemption Settlement Time been credited with the Redemption Baskets being tendered for redemption and the Trust has received the Transaction Fee, the Participant shall receive the Redemption Distribution as recorded on the book entry system of the Depository.
REDEMPTION PROCESS. 4.1. To redeem the voucher, the Participant must send an email to xxxxxxx@xxxxxxxxxxxx.xxxxxx, including the voucher code. 4.2. Upon receiving the code, the Student Success Team will provide the Participant with instructions to complete the application form and specify the program or service they wish to use the voucher for. 4.3. The voucher amount will be deducted from the invoice. If the invoice amount exceeds the voucher value, the Participant will receive a reduced invoice for the remaining balance. 4.4. Failure to pay the remaining balance will result in forfeiture of the voucher without any right to further redemption, financial reimbursement, or any other compensation.
REDEMPTION PROCESS. (a) The Company agrees and undertakes that it shall redeem the NCDs by paying the relevant Redemption Amount on the relevant Redemption Date as per the Register of Beneficial Owners. (b) The Registrar and Transfer Agent shall, in relation to the NCDs, obtain a list of registered holders from the Depository as on the date falling 15 (fifteen) days prior to any Redemption Date (“Record Date”). All sums becoming due and payable in respect of the NCDs shall be paid to such registered holders as on the Record Date or in the case of joint-holders, to the person whose name stands first in the Register of Beneficial Owners in the bank accounts notified by such NCD Holder to the Company, in writing, at any time after the Deemed Date of Allotment, and as may be modified by such NCD Holder from time to time by way of a written notice to the Company (“Notified Account”). (c) On payment of the Obligations in full to the NCD Holders in accordance with Clause 2.2.4 (Nature and form of the NCDs), the Company shall be discharged of its liability towards the NCD Holders subject to confirmation of such discharge by the Debenture Trustee (acting on the instructions of all the NCD Holders) by way of a written notice to the Company within 2 (two) Business Days of such payment. (d) The Parties hereby agree that in the event of any redemption of the NCDs by the Company under the terms of Transaction Documents (whether in part or otherwise), the minimum Redemption Amount shall not be lesser than INR 25,00,00,000 (Indian Rupees twenty five crores). Any redemption of any NCD prior to the expiry of 6 (six) months from the Deemed Date of Allotment shall be subject to Make Whole Amount. (e) The Company shall not redeem all or any of the NCDs other than strictly in accordance with the terms of this Deed.
REDEMPTION PROCESS. (a) If the Company elects to redeem Class A Limited Membership Interests (the applicable redemption or repurchase date, the “Class A Purchase Date”) pursuant to Section 15.1, the Company shall provide at least five (5) days’, but not more than sixty (60) days’, prior notice of such election, which notice shall be sent or delivered to the Administrative Agent (or to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed, if no Administrative Agent is appointed at the time). If the notice required under the preceding sentence is sent or delivered to the Administrative Agent, the Managing Member or, at its option, the Administrative Agent shall deliver a copy of such notice to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed.