REDEMPTION PROCESS. On any Business Day, an Authorized Participant may submit a Redemption Order, substantially in the form of EXHIBIT D 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 Business Day (such Business Day, "T" and any number added to T shall refer to such day plus the number of Business Days following such day) to redeem Paired Holding Shares consisting of at least one MACRO Unit or integral thereof and/or to exchange 50,000 existing Tradeable Shares or an integral multiple thereof for their related Holding Shares and redeem such Holding Shares as part of one or more MACRO Units. 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 the following: o the Transaction Fee for the MACRO Units being redeemed and for the Tradeable Shares, if any, being exchanged and concurrently redeemed as communicated by the Administrative Agent in accordance with these Procedures; o Paired Holding Shares consisting of one or more MACRO Units; o 50,000 or an integral multiple thereof of either Up-MACRO Tradeable Shares or Down-MACRO Tradeable Shares or both, which shall be exchanged into their related Holding Shares and concurrently redeemed, together with additional Holding Shares, if needed, as part of one or more MACRO Units (the "Tradeable Share Deposit"); and o The Redemption Cash Component, if needed, (such amount, the "The Redemption Cash Component Amount"), which is an amount equal to the excess of the fair market value of the Treasuries delivered by the Trustee to the Authorized Participant over the aggregate Underlying Value of the Paired Holding Shares being redeemed due to minimum denominations on the Treasuries on deposit in the Paired Holding Trusts. Upon the satisfaction of the conditions set forth below, the Trustee, on behalf of the applicable MACRO Trusts and written instruction from the Authorized Participant, shall (i) in the event that only Paired Holding Shares were tendered for redemption, deliver cash and/or Treasuries to the redeeming Authorized Participant to fill the Redemption Order prior to 3:00 p.m. New York City time on T+1 to an account designated by the Authorized Participant (ii) in the event that Tradeable Shares, or a combination of Holding Shares and...
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. An 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. OVERVIEW
REDEMPTION PROCESS. The redemption of Shares shall take place only in integral numbers of Creation Units in compliance with the following rules:
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) Class A Limited Membership Interests may be redeemed (the applicable redemption date, the “Class A Purchase Date”) pursuant to Section 15.1 on at least five (5) days’, but not more than sixty (60) days’, prior notice 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). The Managing Member or, at its option, the Administrative Agent (if any) shall deliver 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. The Company shall be deemed to exercise its redemption rights set forth in Section 15.1(a) or 15.1(b), as applicable, upon delivery of notice by the Company to the Administrative Agent (or to the applicable Class A Limited Members, if no Administrative Agent is appointed at the time).
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.
