Class C Redemption Price definition
Examples of Class C Redemption Price in a sentence
Upon any Class C Redemption, an amount equal to the product of the Class C Redemption Price and the number of Class C Units redeemed by the Partnership shall be distributed by the Partnership to the Class C Limited Partner.
So long as the Class C Preferred Units to be redeemed are held of record by the nominee of the Class C Securities Depositary, the Class C Redemption Price, plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the applicable Class C Redemption Date shall be paid by the Paying Agent to the Class C Securities Depositary on the Class C Redemption Date.
The Partnership shall effect any such redemption by paying cash for each Class C Preferred Unit to be redeemed equal to the Class C Redemption Price, plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the applicable Class C Redemption Date.
The Class C Special Shares to be redeemed on any Redemption Date pursuant to paragraphs 5(a) or 5(b) above shall be redeemed by paying for each share in cash an amount equal to $0.95 plus all accrued but unpaid dividends thereon up to and including the date the redemption price is received by the holder (the "Class C Redemption Price").
After payment to the holders of the Class "C" Shares of the Class "C" Redemption Price for each such share as aforesaid, the holders of the Class "C" Shares shall have no further right or claim to any of the remaining assets of the Corporation.
On or after the date fixed for redemption and stated in such notice, each holder of Class C Preferred Units called for redemption shall execute and deliver to the Company an assignment in form satisfactory to the Directors (“Class C Assignment”), assigning the Class C Preferred Units to the Company at the place designated in such notice and shall thereupon be entitled to receive payment of the Class C Redemption Price.
The Corporation may, upon giving written notice as hereinafter provided in Section 3.08, redeem or purchase the whole or any part of the Class "C" Shares held by one or more shareholders on payment for each share to be redeemed or purchased of the Class "C" Redemption Price.