Automatic Redemption Amount definition

Automatic Redemption Amount means an amount per Class A Restricted Voting Share, payable in cash, equal to the pro-rata portion of: (A) the Escrow Funds then on deposit in the Escrow Account, including any interest and other amounts earned thereon, less (B) an amount equal to the total of (i) any applicable taxes payable by the Corporation on such interest and other amounts earned in the Escrow Account, (ii) any taxes of the Corporation (including under Part VI.1 of the Tax Act) arising in connection with the redemption of the Class A Restricted Voting Shares, and (iii) up to a maximum of $50,000 of interest and other amounts earned from the proceeds in the Escrow Account that may be released to pay actual and expected costs and expenses directly related to the Corporation’s Winding-Up, and directly related to the Corporation’s applications to cease to be a reporting issuer, its winding-up and/or its dissolution, as applicable, each as reasonably determined by the Corporation and certified by the Corporation;
Sample 1
Automatic Redemption Amount means an amount per Class A Restricted Voting Share, payable in cash, equal to the pro-rata portion (per Class A Restricted Voting Share) of: (A) the Escrow Funds then on deposit in the Escrow Account, including any interest and other amounts earned thereon, less (B) an amount equal to the total of (i) any applicable taxes payable by the Corporation on such interest and other amounts earned in the Escrow Account, (ii) any taxes of the Corporation (including under Part VI.1 of the Tax Act) arising in connection with the redemption of the Class A Restricted Voting Shares and (iii) up to a maximum of $50,000 of interest and other amounts earned from the proceeds in the Escrow Account that may be released to pay actual and expected costs and expenses directly related to the Corporation’s Winding-Up, as reasonably determined by the Corporation and certified by the Corporation;
Sample 1
Automatic Redemption Amount means an amount per Class A Restricted Voting Share, payable in cash, equal to the pro-rata portion (per Class A Restricted Voting Share) of: (A) the Escrow Funds then available in the Escrow Account, including any interest and other amounts earned thereon, less (B) an amount equal to the total of (i) any applicable taxes payable by the Corporation on such interest and other amounts earned in the Escrow Account, (ii) any taxes of the Corporation (including under Part VI.1 of the Tax Act) arising in connection with the redemption of the Class A Restricted Voting Shares, and (iii) up to a maximum of U.S.$50,000 of interest and other amounts earned from the proceeds in the Escrow Account that may be released to pay actual and expected costs and expenses directly related to the Corporation’s Winding-Up, and directly related to the Corporation’s applications to cease to be a reporting issuer, its winding-up and/or its dissolution, as applicable, each as reasonably determined and certified by the Corporation;
Sample 1

Examples of Automatic Redemption Amount in a sentence

  • The Automatic Redemption Amount shall be due and payable within 5 Trading Days of the Automatic Redemption Date.

  • Any Debenture that has not been submitted for Conversion into Common Stock and has not been subjected to a Default Notice by midnight, New York City time, on the Maturity Date (the "Automatic Redemption Date"), shall be automatically redeemed ("Automatic Redemption") for a redemption price, in cash, equal to the outstanding principal amount of this Debenture, plus all accrued and unpaid Interest and other Required Cash Payments (the "Automatic Redemption Amount").

  • The Automatic Redemption Amount shall be due and payable within five (5) Trading Days of the Automatic Redemption Date.

  • The Automatic Redemption Amount shall be due and payable within five (5) Trading Days of the Automatic Redemption Date (the “Automatic Redemption Due Date”).

  • Notwithstanding the foregoing, prior to the payment of the Automatic Redemption Amount by the Company, the Holder shall have the ability to exercise its rights in accordance with Section 4.18 of the Purchase Agreement.

  • For purposes of clarity, the Company shall pay the Automatic Redemption Amount in cash, and shall not have the option of paying the Automatic Redemption Amount in shares of Common Stock.

  • The Automatic Redemption Amount shall be due and payable within five (5) Business Days of the Automatic Redemption Date.

  • Subject to the provisions of this Section 6(a), contemporaneous with the Closing of any Subsequent Financing (or series of Subsequent Financings) with proceeds of $3,000,000, the Company shall be required to redeem all of the then outstanding principal amount of this Debenture for cash in an amount equal to the Automatic Redemption Amount contemporaneous with the closing of such Subsequent Financing(s) (such date, the "Automatic Redemption Date", and such redemption, the "Automatic Redemption").

  • The Automatic Redemption Amount shall be due and payable in full on the Maturity Date.

  • The Automatic Redemption Amount is payable in full on the Automatic Redemption Date.


More Definitions of Automatic Redemption Amount

Automatic Redemption Amount means the sum of (a) 100% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.
Sample 1
Automatic Redemption Amount means, in respect of Observation Date 1, the SpecifiedDenomination multiplied by 101.6667%, in respect of Observation Date 10, the Specified Denomination multiplied by 101.6667%, in respect of Observation Date 11, the Specified Denomination multiplied by 101.6667%, in respect of Observation Date 12, the Specified Denomination multiplied by 101.6667%,
Sample 1
Automatic Redemption Amount means an amount per Restricted Voting Unit, payable in cash, equal to the pro-rata portion (per Restricted Voting Unit) of: (A) the Escrow Funds then available in the Escrow Account, including any interest and other amounts earned thereon, less (B) an amount equal to the total of (i) any applicable taxes payable by the Limited Partnership on such interest and other amounts earned in the Escrow Account, and (ii) up to a maximum of U.S.$50,000 of interest and other amounts earned from the proceeds in the Escrow Account that may be released to pay actual and expected costs and expenses directly related to the Limited Partnership’s Winding-Up, and directly related to the Limited Partnership’s applications to cease to be a reporting issuer, its winding-up and/or its dissolution, as applicable, each as reasonably determined and certified by the General Partner;
Sample 1

Related to Automatic Redemption Amount

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

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

  • 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.

  • 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.

  • 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;

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

  • Make-Whole Redemption Amount means the sum of:

  • 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.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

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

  • Automatic Early Redemption Event means that:

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

  • Optional Redemption Amount (Call) 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;

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Optional Redemption Amount (Put) 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;

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

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Early Redemption Amount (k) means the "Early Redemption Amount (k)" as calculated or, respectively specified by the Calculation Agent pursuant to § 4 (2) of the Special Conditions.

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

  • 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;

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

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

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

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.