Adjusted Redemption Price definition

Adjusted Redemption Price means in respect to the referenced Series C Preferred Stock the sum of (a) its Liquidation Preference; (b) all accrued and unpaid dividends thereon to, but not including, the Redemption Date; and (c) an amount equal to 2% of the sum of (i) its Liquidation Preference and (ii) all accrued and unpaid dividends thereon attributable to the period commencing with the Adjustment Date through, but not including, the Redemption Date.
Adjusted Redemption Price means the greatest of (a) 115% of the Initial Purchase Price, (b) the VWAP on the 120th calendar day (or the next succeeding Trading Day if such calendar day is not a Trading Day) following the date of this Agreement, and (c) the VWAP on the Trading Day prior to date on which the Purchaser delivers a Repurchase Notice to the Company in accordance with Section 2(i).
Adjusted Redemption Price as defined in Section 1.5.

Examples of Adjusted Redemption Price in a sentence

  • All costs and expenses incurred in connection with the appraisals, including fees to investment banking firms, necessary to determine the Convertible Debenture Fair Market Value and the Adjusted Redemption Price shall be borne by the Company.

  • The Convertible Debenture Fair Market Value that most closely approximates the Convertible Debenture Fair Market Value determined by such third Experienced Appraiser shall constitute the "Adjusted Redemption Price." If the Adjusted Redemption Price is determined to be less than the Redemption Price, the Company shall instead pay the Redemption Price to the Holders of the Convertible Debentures.

  • Notwithstanding the foregoing, if shares of Preferred Stock are to be redeemed pursuant to Section 7, such conversion right shall cease and terminate at 5:00 p.m., New York City time, on the Business Day immediately preceding the Redemption Date as provided herein, unless the Corporation shall default in the payment of the Adjusted Redemption Price therefor.

  • Prior to 11:00 a.m. (New York City time) on the Fundamental Change Redemption Date, the Corporation shall, subject to legally available funds, deposit with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day), sufficient to pay the aggregate Adjusted Redemption Price of all shares of Preferred Stock that remain Outstanding after a Fundamental Change or portions thereof which are to be redeemed as of the Fundamental Change Redemption Date.

  • Such written notice shall set forth (a) the share(s) to be so redeemed, (b) the date preferred for redemption by the holder thereof, (c) the applicable Adjusted Redemption Price, and (d) the place at which the holder(s) desires to receive payment of the applicable Adjusted Redemption Price upon surrender of the certificate(s).

  • Such Adjusted Redemption Price shall be paid, subject to legally available funds, to such holder promptly on the later of (a) the Fundamental Change Redemption Date with respect to such shares of Preferred Stock and (b) the time of delivery or book-entry transfer of such shares of Preferred Stock to the Transfer Agent by the holder thereof in the manner required by this Section 14.

  • At such closing, the Company shall repurchase from the Purchaser for cash all or such portion of the Initial Shares specified by the Purchaser in the Repurchase Notice at a per share price equal to the Adjusted Redemption Price.

  • Upon receipt by the Transfer Agent of the Fundamental Change Redemption Notice, the holder of the shares of Preferred Stock in respect of which such Fundamental Change Redemption Notice was given shall (unless such Fundamental Change Redemption Notice is withdrawn as specified above) thereafter be entitled, subject to legally available funds, to receive the Adjusted Redemption Price with respect to such shares of Preferred Stock, subject to Section 14(d) hereof.

  • Upon the Adjustment Statement being deemed final in accordance with Section 1.4.1, the Unadjusted Redemption Price shall be adjusted, up or down, as applicable, in an amount equal to the Adjustment Amount set forth on the Adjustment Statement (as so adjusted, the "Adjusted Redemption Price").

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More Definitions of Adjusted Redemption Price

Adjusted Redemption Price at any time of determination shall mean a redemption price per share of Preferred Stock being redeemed equal to either (a) 105% of the Liquidation Preference per share of Preferred Stock on and after the third anniversary of the Original Issue Date and prior to the fourth anniversary of the Original Issue Date,
Adjusted Redemption Price shall have the meaning set forth in Section 1.4.2.

Related to Adjusted Redemption Price

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Special Mandatory Redemption Price has the meaning set forth in Section 4.03(a).

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Make-Whole Redemption Amount means the sum of:

  • Final Redemption Value means the Underlying Reference Value.

  • Specified Redemption Date means the tenth (10th) Business Day after receipt by the General Partner of a Notice of Redemption; provided that if the Company combines its outstanding REIT Shares, no Specified Redemption Date shall occur after the record date of such combination of REIT Shares and prior to the effective date of such combination.

  • Tax Redemption Date means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed for such Tax Redemption pursuant to this Indenture.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Make-whole Redemption Rate means the sum, as calculated by the Make-whole Calculation Agent, of the Benchmark Rate and the Make-whole Margin.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.