Cleanup Redemption definition

Cleanup Redemption shall have the meaning specified in Section 16.03.
Sample 1Sample 2Sample 3
Cleanup Redemption. Sea may redeem for cash all but not part of the Notes at any time if less than US$250 million aggregate principal amount of Notes remains outstanding at such time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Such redemption at Sea’s option is referred to herein as a “cleanup redemption”. See “Description of the Notes—Cleanup Redemption” in the Convertible Notes Preliminary Prospectus Supplement. Sea will give notice of any cleanup redemption not less than 44 nor more than 60 scheduled trading days before the redemption date (provided that if Sea elects physical settlement for conversions that occur during the related redemption period, Sea may provide not less than 10 business days’ nor more than 30 business days’ notice before the redemption date) to the trustee, the conversion agent (if other than the trustee), the paying agent (if other than the trustee) and each holder of Notes. See “Description of the Notes—Cleanup Redemption” in the Convertible Notes
Sample 1
Cleanup Redemption shall have the meaning specified in Section 11.03(a).
Sample 1

Examples of Cleanup Redemption in a sentence

  • Includes Optional Acquisition, Clean-up Redemption, and Optional Redemption.

  • Any Optional Redemption Notice, Clean-up Redemption Notice or Tax Redemption Notice shall be irrevocable.

  • Such notice sent by the Issuer shall specify the Clean-up Redemption Date, provided that no such notice may be given prior to the first Bondholder Redemption Date to occur, or, if later the last date on which the Issuer issues the relevant number of new Shares or transferring existing Shares in accordance with Clause 10.2.10 in respect of any exercise of Conversion Rights (if any) which Conversion Date falls within the first Change of Control Conversion Period to occur.

  • A conversion of Notes called for redemption shall be deemed to be “in connection with” an Optional Redemption, a Cleanup Redemption or a Tax Redemption, if the relevant Notice of Conversion is received by the Conversion Agent during the relevant Redemption Period.

  • Any such notice shall specify: (a) the Optional Redemption Date, Clean-up Redemption Date or, as the case may be, the Tax Redemption Date, which shall be a business day in London; and (b) the amount of accrued interest payable in respect of each Series F Bond on the Optional Redemption Date, Clean-up Redemption Date or Tax Redemption Date, as the case may be.

  • An exchange of Notes called for Optional Redemption, Cleanup Redemption or Tax Redemption shall be deemed to be “in connection with” such Optional Redemption, Cleanup Redemption or Tax Redemption, respectively, if the relevant Notice of Exchange is received by the Exchange Agent during the relevant Redemption Period.

  • The Issuer may redeem Notes early pursuant to Condition 6 (Redemption, Substitution and Variation, Purchase and Cancellation) of the English Law Conditions or Condition 5 (Redemption, Purchase and Cancellation) of the French Law Conditions, depending on the specification of the relevant Final Terms, following the exercise of a Residual Maturity Redemption Option, a Clean-up Redemption Option, a Make-Whole Redemption Option or an Issuer Call Option.

  • Outstanding Action: current performance measures will be emailed to AB within the next few days – ACTION: AD.

  • A conversion shall be deemed to be “in connection with” an Optional Redemption, a Cleanup Redemption or a Tax Redemption if the relevant Notice of Conversion is received by the Conversion Agent during the relevant Redemption Period.

  • If the Clean-up Redemption Option is specified as being applicable in the applicable Final Terms, and if 80 per cent.


More Definitions of Cleanup Redemption

Cleanup Redemption. We may redeem for cash all but not part of the notes at any time prior to the 41st scheduled trading day immediately preceding the maturity date if less than US$25 million aggregate principal amount of notes remains outstanding at such time, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. See “Description of the Notes—Cleanup Redemption” in the Preliminary Prospectus Supplement.
Sample 1
Cleanup Redemption shall have the meaning set forth in the Indenture.
Sample 1

Related to Cleanup Redemption

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • 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;

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

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • 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.

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

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

  • 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.

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

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

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

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

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

  • 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;

  • 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.

  • Special Redemption Date has the meaning set forth in Section 10.2.

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

  • Make-Whole Redemption Amount means the sum of:

  • Tax Event Redemption means, if a Tax Event shall occur and be continuing, the redemption of the Notes, at the option of the Company, in whole but not in part, on not less than 30 days nor more than 60 days' written notice.

  • 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;

  • 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.

  • 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.