YOUR RIGHT TO A REDEMPTION Sample Clauses

YOUR RIGHT TO A REDEMPTION a) If Your Card has not expired You have the right to redeem all or part of the Available Funds on Your Card by contacting Card Services and asking for a redemption. b) When We process Your redemption or We return funds to You in accordance with the Termination, Expiry and Cancellation Section above, We may charge a Redemption Fee (as referred to in the Fees and Limits Section below) except: i. where You have notified Us that You wish to cancel this Agreement during the Cooling-Off Period and where Your Card has not been used to make any purchase or to authorise any transaction (no matter how small); or ii. during the 12 months following expiry of Your Card; or iii. when You are cancelling Your Card because You object to a change We have made to this Agreement. c) Funds will be returned to You in the Denominated Currency. d) At Our absolute discretion, We will return the balance to You (less any fee due) by either: i. a cheque being sent to Your address; or ii. electronic transfer into Your bank account, using the account details that You provide; within 5 Business Days of the day on which You gave instructions to process the redemption. e) Before We return any funds to You, We may need to verify Your identity in order to satisfy any applicable anti-money laundering obligations. We have the right to withhold funds where We are concerned about fraud or other security issues. f) If there are any Available Funds remaining on Your Card one year after the date of cancellation or expiry of Your Card (or, if earlier, any other termination of this Agreement), and You have not requested a redemption, or not provided Us with all necessary information to enable Us to make the redemption (including, but not limited to, satisfying any applicable anti-money laundering obligations), a Management Fee for Expired Cards will be payable and will be deducted from Your Available Funds, see the Fees and Limits Section below for full details. g) We will not redeem funds remaining on Your Card if Your request for redemption is received by Us more than six years after the date of expiry of Your Card or, if earlier, after any other termination of this Agreement. h) The provisions in this Agreement relating to Your right to request a redemption and Our right to charge a Redemption Fee and/or any Management Fee (see the Fees and Limits Section below for full details) will survive the termination of this Agreement.
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YOUR RIGHT TO A REDEMPTION a. You have the right to redeem your Available Funds at any time, whether in full or in part, before the termination date (and thereafter only in full). You can do so by contacting Customer Services, indicating the amount to be redeemed. Alternatively, if you are a Select customer and would like to make a redemption to a UK bank account, you can use the App or Online Portal to send us your instruction. b. When we process your redemption, or return funds in accordance with the Termination and Expiry Section, we will charge the appropriate redemption fee (as set out in the Packages, Fees and Limits Section 15) except: i. during the Cooling-Off Period; or ii. during the 12 months following termination of this Agreement; or iii. when you are terminating your OnePay Account because you do not wish to accept a change to the terms of this Agreement that we have notified you of. c. We will return your Available Funds (in full or in part as appropriate) to a bank account of your choice to the extent that we are legally or practically able to do so or where this is not possible, we will send you a cheque to the last address we hold on file for you. Before we do so, we may need to verify your identity in order to satisfy applicable law (and we reserve the right to withhold funds until we have been able to do so and/or if we have a reasonable concern regarding fraud or other security issues). d. Your funds are available for redemption at any time before the end of the 6 years Limitation Period (subject to the fees set out in Section 15). After the 6 years Limitation Period you will no longer be able to redeem your funds.
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YOUR RIGHT TO A REDEMPTION a. You have the right to redeem the funds in the Child Current Account at any time prior to it being converted to a Converted Account. You can do so
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Related to YOUR RIGHT TO A REDEMPTION

  • Restrictions on Redemption The Company may not redeem any Notes on any date if the principal amount of the Notes has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

  • Optional Redemption (a) At any time prior to February 11, 2021, the Company may on any one or more occasions redeem up to 35% of the aggregate principal amount of the Notes at a redemption price of 107.250% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date (subject to the rights of the Holders on the relevant record date to receive interest on the relevant interest payment date), with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 65% of the aggregate principal amount of Notes originally issued under this Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) the redemption occurs within 45 days of the date of the closing of such Equity Offering. Any redemption notice given in respect of the redemption referred to in the preceding paragraph may be given prior to completion of the related Equity Offering, and any such redemption or notice may, at the discretion of the Company, be subject to the satisfaction of one or more conditions precedent, including the completion of the Equity Offering. (b) At any time prior to February 11, 2021, the Company may redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date. Any such redemption and notice may, at the discretion of the Company, be subject to satisfaction of one or more conditions precedent. (c) Except pursuant to the two preceding paragraphs and the provisions under Section 3.10 and Section 3.11 hereof, the Notes will not be redeemable at the Company’s option prior to February 11, 2021. (d) On or after February 11, 2021, the Company may redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of the principal amount) set forth below plus accrued and unpaid interest, if any, on the Notes redeemed, to the applicable redemption date, if redeemed during the periods indicated below, subject to the rights of holders of the Notes on the relevant record date to receive interest on the relevant interest payment date: Twelve-month period on or after February 11, 2021 103.625 % Twelve-month period on or after February 11, 2022 101.813 % On or after February 11, 2023 100.000 % Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. (e) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Section 3.01 through Section 3.06 hereof and may, at the discretion of the Company, be subject to the satisfaction of one or more conditions precedent. If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and if applicable, shall state that, at the Company’s discretion, the redemption date may be delayed until such time (provided, however, that any delayed redemption date shall not be more than 60 days after the date the relevant notice of redemption was sent) as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the redemption date or by the redemption date as delayed. In addition, the Company may provide in such notice that payment of the redemption price and performance of the Company’s obligations with respect to such redemption may be performed by another Person.

  • Changes after Provision for Redemption No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to Section 7(c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.

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