Class D Redemption Price definition

Class D Redemption Price. As defined in Section 9.1(E) hereof.
Sample 1Sample 2
Class D Redemption Price means, with respect to a Class D Preferred Unit on the relevant date of determination, an amount of cash equal to (a) in respect of a redemption of a Class D Preferred Unit pursuant to Section 5.13(d)(i) (at the election of any Class D Preferred Unit Holder in connection with a Class D Change of Control) or Section 5.13(d)(ii) (at the election of the Partnership) that occurs (i) during the period commencing on the Class D Initial Issuance Date and ending on the date immediately preceding the fifth anniversary thereof, an amount that results in the greater of (A) a 13.75% Class D IRR and (B) a 1.45x Class D MOIC, or (ii) on or after the fifth anniversary of the Class D Initial Issuance Date, an amount that results in a 14.5% Class D IRR, or (b) in respect of a redemption of a Class D Preferred Unit pursuant to Section 5.13(d)(iii) (at the election of a Class D Preferred Unit Holder), an amount that results in a 14.00% Class D IRR, plus, in the case of clause (a) or clause (b) above, as applicable, the amount of then-unpaid accumulations with respect to such Class D Preferred Unit being redeemed in respect of the Class D Payment Default Rate and/or the Class D Adjusted Total Leverage Ratio Default Rate. All dollar amounts used in, or resulting from, the calculation of any Class D Redemption Price will be rounded to the nearest one-hundredth of one cent, with $0.00005 being rounded to $0.0001.
Sample 1Sample 2
Class D Redemption Price means (a) in the aggregate on the relevant date of determination, an amount of cash equal to (i) in respect of a redemption of Class D Preferred Units pursuant to Section 5.13(d)(i) (at the election of any Class D Preferred Unit Holder in connection with a Class D Change of Control) or Section 5.13(d)(ii) (at the election of the Partnership) that occurs (A) during the period commencing on the Class D Initial Issuance Date and ending on the date immediately preceding the third anniversary thereof, an amount that results in the greater of (1) a 13.0% Class D IRR and (2) a 1.35x Class D MOIC, (B) during the period commencing on the third anniversary of the Class D Initial Issuance Date and ending on the date immediately preceding the fifth anniversary thereof, an amount that results in the greater of (1) a 13.75% Class D IRR and (2) a 1.45x Class D MOIC, or (C) on or after the fifth anniversary of the Class D Initial Issuance Date, an amount that results in a 14.5% Class D IRR, less, in the case of each of clauses (A) and (B) and (C), as applicable, the aggregate Class D Redemption Price paid in cash by the Partnership in respect of the redemption of Class D Preferred Units prior to the relevant date of determination, or (ii) in respect of a redemption of Class D Preferred Units pursuant to Section 5.13(d)(iii) (at the election of the Class D Preferred Unit Holders), (A) an amount that results in a 14.00% Class D IRR less (B) the aggregate the aggregate Class D Redemption Price paid by the Partnership in respect of the redemption of Class D Preferred Units in cash prior to the relevant date of determination, and (b) on a per Class D Preferred Unit basis, an amount equal to the (i) quotient of (A) (1) the amount calculated in accordance with clause (a) hereof multiplied by (2) a fraction, the numerator of which is the number of Class D Preferred Units to be redeemed in connection with the relevant redemption and the denominator of which is the total number of Outstanding Class D Preferred Units, divided by (B) the total number of Outstanding Class D Preferred Units, plus (ii) the amount of then-unpaid accumulations with respect to each Class D Preferred Unit being redeemed in respect of the Class D Payment Default Rate; provided that, notwithstanding anything to the contrary contained in this Agreement, the per-Class D Preferred Unit calculation set forth in the foregoing clause (b) shall only be utilized in connection with a redemption of less than all of the...
Sample 1Sample 2

Examples of Class D Redemption Price in a sentence

  • After such reversion such bank or trust company shall, upon demand, pay over to the Corporation such unclaimed amounts and thereupon such bank or trust company shall be relieved of all responsibility in respect thereof to such holder and such holder shall look only to the Corporation for the payment of the Class D Redemption Price.

  • Notwithstanding the fact that a written notice of redemption is given, all rights of the redeeming holder with respect to shares of Class D Preferred Stock which are the subject of such written notice of redemption shall continue as if the written notice of redemption had not been given until the Class D Redemption Price therefor is paid (such payment being a continuing obligation of the Corporation).

  • For each share of Class D Preferred Stock which is to be redeemed by the Corporation at any time in a redemption pursuant to this Section 11.5.2, the Corporation shall be obligated to pay to the holder thereof (upon surrender by such holder at the Corporation's principal office of the certificate representing such share duly endorsed in blank or accompanied by an appropriate form of assignment) an amount for such share equal to the Class D Redemption Price.

  • For each share of Class D Preferred Stock which is to be redeemed by the Corporation at any time in a redemption pursuant to this Section 10.5.2, the Corporation shall be obligated to pay to the holder thereof (upon surrender by such holder at the Corporation's principal office of the certificate representing such share duly endorsed in blank or accompanied by an appropriate form of assignment) an amount for such share equal to the Class D Redemption Price.

  • Such notice shall set out the Class D Redemption Price and the Class D Redemption Date.

  • Payment of the total Class D Redemption Price for such Class D Shares shall be made by delivery to each holder, at the address of the holder recorded in the securities register of the Company or by holding for pick up by the holder at the head office of the Company of a cheque of the Company payable at par at any branch of the bankers of the Company in respect of the Class D Redemption Price (less any tax required to be deducted and withheld therefrom by the Company).


More Definitions of Class D Redemption Price

Class D Redemption Price. The Redemption Price for the Class D Notes, as specified under the definition of "Redemption Price."
Sample 1
Class D Redemption Price has the meaning ascribed thereto in Section 4.1 of the provisions attaching to the Class D Shares. "Class D Shares" means the Class D non-voting preferred shares in the share capital of the Corporation. "Class E Redemption Call Purchase Price" has the meaning ascribed thereto in Section 4.3 of the provisions attaching to the Class E Shares. "Class E Redemption Call Right" has the meaning ascribed thereto in Section 4.3 of the provisions attaching to the Class E Shares. "Class E Redemption Price" has the meaning ascribed thereto in Section 4.1 of the provisions attaching to the Class E Shares. "Class E Redemption Time" has the meaning ascribed thereto in Section 4.1 of the provisions attaching to the Class E Shares. "Class E Shares" means the Class E voting common shares in the share capital of the Corporation. "Class F Redemption Call Purchase Price" has the meaning ascribed thereto in Section 4.3 of the provisions attaching to the Class F Shares. 10
Sample 1

Related to Class D Redemption Price

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

  • 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.

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

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

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

  • 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 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.

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

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

  • 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;

  • 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;

  • 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.

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

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

  • 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.

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

  • 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;

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

  • 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.