Common Share Redemption Right definition

Common Share Redemption Right has the meaning attributed thereto in Section 4.6(a);
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Examples of Common Share Redemption Right in a sentence

  • Pursuant to the terms and conditions of the Indenture, each Debentureholder has the right to elect to receive payment of the Redemption Price by way of the issuance of such number of Common Shares obtained by dividing the Redemption Price by the Conversion Price (initially equal to $0.45 per Common Shares, subject to adjustment in accordance with the terms of the Indenture) (the "Common Share Redemption Right").

  • Aggregate Principal Amount of Debentures subject to the Common Share Redemption Right: $_____________________________ The Debentureholder directs that the Common Shares of the Corporation issuable in respect of the Common Share Redemption Right be issued and delivered to the person indicated below.

  • Dated: (Name of Registered Holder) (Signature of Registered Holder) No fractional Common Shares shall be delivered upon the exercise of the Common Share Redemption Right but, subject to the terms and condition of the Indenture, in lieu thereof, the Debentureholder shall receive the cash equivalent thereof determined on the basis of the Conversion Price (less any tax required to be deducted, if any); provided, however the Corporation shall not be required to make any payment of less than $20.00.

  • The issuance of Common Shares in connection with the Common Share Redemption Right is subject to the receipt by the Corporation of any required regulatory approval and the approval of Recognized Stock Exchange.

Related to Common Share Redemption Right

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Optional Redemption Price means $25,000 per share 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 plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • 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.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

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

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

  • 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;

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

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

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

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