Automatic Redemption Event definition

Automatic Redemption Event any Person (other than the Company or any of its subsidiaries or any employee benefit plan of the Company or of any subsidiary of the Company or any Person appointed as trustee by the Company or such subsidiary pursuant to the terms of any such plan in such Person's capacity as trustee) becomes the Beneficial Owner of securities of the Company which in the aggregate represent 14% or more of the Voting Power; (B) any Person (other than the Company or any of its subsidiaries or any employee benefit plan of the Company or of any subsidiary of the Company or any Person appointed as trustee by the Company or such subsidiary pursuant to the terms of any such plan in such Person's capacity as trustee) commences, or publicly announces its intent to commence, a tender or exchange offer if upon consummation thereof such Person, together with all Affiliates and Associates of such Person, would be the Beneficial Owner of securities of the Company which in the aggregate represent 15% or more of the Voting Power; (C) any Person makes by public announcement or by written communication that is or becomes the subject of a public announcement, or publicly announces its intent to make, a bona fide proposal to the Company or its stockholders for (1) a merger, consolidation or similar transaction involving the Company or any of its subsidiaries, (2) a purchase or other acquisition of all or a substantial portion of the assets or deposits of the Company and its Subsidiaries or (3) a purchase or other acquisition of securities representing 15% or more of the Voting Power (any transaction of the type described in clauses (1), (2) or (3) of this paragraph (C), an "Acquisition Transaction"); or (D) any Person files an application or notice with the Board of Governors of the Federal Reserve System, or any other federal or state banking regulatory authority, which application or notice seeks approval to engage in any transaction constituting an Acquisition Transaction.
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Automatic Redemption Event means the occurrence of a FCT Compartment Liquidation Event, evidenced by the receipt by the Issuer of a FCT Compartment Liquidation Notice.
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Automatic Redemption Event has the meaning specified in the Memorandum and Articles of Association or the Domesticated Parent Charter, as applicable.
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Examples of Automatic Redemption Event in a sentence

  • Section B(5)(c) provided, in relevant part:Upon the occurrence of a Series A Preferred Stock Automatic Redemption Event, or if upon the conclusion of the Redemption Period any Optional Excess Cash Redemption Notices have been received, the Corporation shall mail a written notice … to each holder of record of Series A Preferred Stock to be redeemed … specifying the date on which such redemption will occur (the “Redemption Date”) ….

  • In the event of an Automatic Redemption Event, only the holders of Public Shares shall be entitled to receive pro rata redeeming distributions from the Trust Account with respect to their Public Shares.

  • Section B(5)(c) provided, in relevant part:Upon the occurrence of a Series A Preferred Stock Automatic Redemption Event, or if upon the conclusion of the Redemption Period any Optional Excess Cash Redemption Notices have been received, the Corporation shall mail a written notice « to each holder of record of Series A Preferred Stock to be redeemed « specifying the date on which such redemption will RFFXU (WKH ³5HGHPSWLRQ 'DWH´) «.


More Definitions of Automatic Redemption Event

Automatic Redemption Event means the termination of both the First Securities Lending Transactions and the Further Securities Lending Transactions by the Lender whenever Acceptable Securities as defined in Appendix A1 and Appendix A2 hereto are no longer found by the Arranger, in its sole and absolute discretion, to meet the criteria offering or sufficient remuneration. Upon an Automatic Redemption Event, and the Notes will be redeemed in full at the Automatic Redemption Amount on the Automatic Redemption Date.
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Related to Automatic Redemption Event

  • Automatic Early Redemption Event means that:

  • Redemption Event has the meaning set forth in Section 3.4.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Early Preference Share Redemption Event means the event that occurs if:

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

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

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

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

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

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

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

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

  • 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.

  • 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;

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

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Change of Control Redemption Date shall have the meaning set forth in Section 7.2;

  • Make-Whole Redemption Amount means the sum of:

  • 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.

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.