The Second Redemption Sample Clauses
The Second Redemption clause establishes the terms under which a party may redeem or repurchase an asset, security, or interest for a second time after an initial redemption has already occurred. Typically, this clause outlines the conditions, timing, and pricing applicable to the subsequent redemption, such as requiring a waiting period between redemptions or specifying a different valuation method for the second transaction. Its core practical function is to provide a clear framework for multiple redemptions, thereby preventing disputes and ensuring both parties understand their rights and obligations regarding repeated buybacks or withdrawals.
The Second Redemption. On the date hereof immediately after consummation of the Financing Transactions and the actions set forth in Section 3.5 and in accordance with the New Lazard Group Operating Agreement, Lazard Group shall redeem the Lazard Group Redeemable Interests for the Redemption Consideration.