Basic Redemption Price definition

Basic Redemption Price. Section 4.1 “Founder” Recitals
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Basic Redemption Price in respect of a Redemption Amount, is an amount that would result in Investor receiving a premium, which in aggregate of the interest accrued and outstanding under Clause 2 and any incremental interest accrued and outstanding under Section 4.5, will provide to the Investor the applicable Return Rate.
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Basic Redemption Price has the meaning attributed thereto in Section (iv)1(C);
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Examples of Basic Redemption Price in a sentence

  • At the end of the Term (the “Maturity”), Issuer shall, and is entitled to, redeem this Note (the “Maturity Redemption”) in whole at the Basic Redemption Price.

  • The Preferred Stock shall be redeemable as hereinafter set forth upon payment in cash in respect of each share redeemed of the Basic Redemption Price (as defined herein) or the Preferred Redemption Price (as defined herein), as the case may be.

  • If, upon any such liquidation, dissolution or winding up, the assets to be distributed among the holders of the shares of Preferred Stock shall be insufficient to permit payment to said holders of the Basic Redemption Price or the Preferred Redemption Price, as the case may be, then all of the assets of the Corporation then remaining shall be distributed ratably among the holders of the shares of Preferred Stock in proportion to the aggregate redemption price owed to such holders.

  • To the extent a Note is not redeemed, repaid, purchased, cancelled in accordance with its terms, at the end of the Term of the relevant Note, he shall cause Issuer to redeem the relevant Note in whole at the Basic Redemption Price.

  • Upon any liquidation, dissolution or winding up of the Corporation, in a voluntary or involuntary bankruptcy proceeding, the holders of the shares of the Preferred Stock shall be entitled, before any Distribution is made upon any share of the Common Stock, to be paid in cash an amount equal to the Basic Redemption Price for each such share to and including the date full payment shall be tendered to the holders of Preferred Stock with respect to such liquidation, dissolution or winding up.

  • At the time of settlement, the principal amount being cancelled will be treated as an Optional Redemption, and Issuer shall pay the difference between the Basic Redemption Price and the cancelled principal amount to Investor in cash.

  • Subject to section 7 and to applicable law and to any notice of conversion given by Noranda pursuant to section 7, and notwithstanding any other redemptions of Series 1 Shares made by Noranda pursuant to any other provision hereof, Noranda shall, on the Final Redemption Date, redeem the then outstanding Series 1 Shares by payment of an amount in cash for each share redeemed equal to the Basic Redemption Price.

  • Subject to section 7 and to applicable law and to any notice of conversion given by Noranda pursuant to section 5, and notwithstanding any other redemptions of Series 2 Shares made by Noranda pursuant to any other provision hereof, Noranda shall, on the Final Redemption Date, redeem the then outstanding Series 2 Shares by payment of an amount in cash for each share redeemed equal to the Basic Redemption Price.

  • Subject to section 7 and to applicable law and to any notice of conversion given by Noranda pursuant to section 5, and notwithstanding any other redemptions of Series 1 Shares made by Noranda pursuant to any other provision hereof, Noranda shall, on the Final Redemption Date, redeem the then outstanding Series 1 Shares by payment of an amount in cash for each share redeemed equal to the Basic Redemption Price.

  • Such notice shall set out the number of Preferred Shares Series 19 held by the person to whom it is addressed which are to be redeemed, the Basic Redemption Price or the Premium Redemption Price, as applicable, and the date on which the redemption is to take place.


More Definitions of Basic Redemption Price

Basic Redemption Price in respect of a Redemption Amount, is an amount that would result in Investor receiving the applicable Return Rate in each of the Interest Periods for which the Redemption Amount is outstanding, as follows: P = A (1 + r1)(1 + r2 )…..(1 + rN)t/360 Where: P = Redemption Price A = Redemption Amount N = the Interest Period in which the Redemption Amount is redeemed. rN = the applicable Return Rate for the Nth Interest Period. t = the number of days in which the Redemption Amount was outstanding in the Nth Interest Period.
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Basic Redemption Price has the meaning attributed to it in subsection 3(2). A person shall be deemed the "Beneficial Owner", and to have "Beneficial Ownership" of and to "Beneficially Own":
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Related to Basic Redemption Price

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

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

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

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

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

  • 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.

  • Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.

  • 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.

  • Optional Redemption Amount means the sum of (a) 120% 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.

  • 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.

  • 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;

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

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

  • 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;

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

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

  • 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.

  • 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.

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

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

  • Special Mandatory Redemption Price means 100% of the principal amount of the Notes plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Redemption Date.

  • 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.