Corporation Redemption Price definition

Corporation Redemption Price has the meaning set forth in Section 8.
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Corporation Redemption Price means, at any time of determination, an amount of cash that would be required to result in all cash distributions (including Cash Dividends and the amount of cash paid at the time of redemption), in the aggregate, paid to the holder(s) of each share of Series C Preferred Stock since its issuance, equaling the greater of (i) the Liquidation Preference and (ii) (x) until the second anniversary of its issuance, an amount equal to 1.85x MOIC and (y) from and after the second anniversary of its issuance, an amount equal to 2x MOIC.
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Corporation Redemption Price means an amount in cash equal to the sum of (1) the Stated Value PLUS (2) an amount equal to the declared and unpaid dividends on the share of Series B Preferred Stock to be redeemed to the applicable Corporation Redemption Date.
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Examples of Corporation Redemption Price in a sentence

  • Upon receipt of payment of the applicable Corporation Redemption Price by the Holders of Series B Preferred Stock, each Holder will deliver the certificate(s) evidencing the Series B Preferred Stock redeemed by the Corporation, unless such Holder is awaiting receipt of a new certificate evidencing such shares from the Corporation pursuant to another provision hereof.

  • If notice of redemption shall have been given as hereinbeforeprovided, each holder of Series F Preferred Stock called for redemption shall surrender the certificates evidencing such shares to theCorporation against payment therefore per share of the Corporation Redemption Price.

  • If notice of redemption shall have been given as hereinbefore provided, and the Corporation shall not default in the payment of the Corporation Redemption Price per share, then each Series F Holder shall be entitled to all preferences and relative and other rights (including, without limitation, the conversion rights pursuant toSection 7) accorded the Series F Preferred Stock until, but not including, the Corporation Redemption Date.

  • Section 8(b), specifying the number of shares of Series F Preferred Stock to be redeemed from the Series F Holders, the date fixed for redemption (the “Corporation Redemption Date”), the Corporation Redemption Price and the time and place of redemption, in the manner prescribed by Section 9 not more than sixty (60) nor less than thirty (30) days prior to the date on which such redemption is to be made.

  • Failure to timely provide such election to pay in shares of Common Stock shall be deemed an election by the Corporation to pay the Corporation Redemption Price in cash.

  • This solicitation may be cancelled in accordance with the City’s Code of Ordinances.

  • The Corporation will not call for a Corporation Redemption, or otherwise send a Corporation Redemption Notice in respect of the Corporation Redemption of, any Convertible Preferred Shares pursuant to this Section 7 unless the Corporation has sufficient funds legally available, and is permitted under the terms of its indebtedness for borrowed money, to fully pay the Corporation Redemption Price in respect of all Convertible Preferred Shares.

  • The Corporation will cause the Corporation Redemption Price for each Convertible Preferred Share subject to Corporation Redemption to be paid to the Holder thereof on or before the applicable Corporation Redemption Date.

  • If notice of redemption shall have been given as hereinbefore provided, and the Corporation shall not default in the payment of the Corporation Redemption Price per share, then each Series E Holder shall be entitled to all preferences and relative and other rights (including, without limitation, the conversion rights pursuant to Section 7) accorded the Series E Preferred Stock until, but not including, the Corporation Redemption Date.

  • Section 8(b), specifying the number of shares of Series E Preferred Stock to be redeemed from the Series E Holders, the date fixed for redemption (the “Corporation Redemption Date”), the Corporation Redemption Price and the time and place of redemption, in the manner prescribed by Section 9 notmore than sixty (60) nor less than thirty (30) days prior to the date on which such redemption is to be made.


More Definitions of Corporation Redemption Price

Corporation Redemption Price means the consideration payable by the Corporation to redeem any Convertible Preferred Share upon its Redemption, calculated pursuant to Section 7(a)(iv).
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Corporation Redemption Price means, as of any date of redemption, (x) in the case of a Fundamental Change Redemption, the greater of (a) the Accumulated Stated Value and (b) the payment that a Holder of shares of Series C Preferred Stock would have received had such Holder, immediately prior to such redemption, converted such shares of Series C Preferred Stock then held by such Holder into shares of Class A Common Stock at the applicable Optional Conversion Price then in effect in accordance with Section 7 and 8, and (y) in the case of a Corporation Redemption, the greater of (a) the Optional Redemption Price and (b) the payment that a Holder of Shares of Series C Preferred Stock would have received had such Holder, immediately prior to such redemption, converted such shares of Series C Preferred Stock then held by such Holder into shares of Class A Common Stock at the applicable Optional Conversion Price then in effect in accordance with Section 7 and 8.
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Corporation Redemption Price means, as of any date of redemption (or Liquidation, if applicable), the greater of (a) the sum of (i) the Optional Redemption Price, plus (ii) accrued and unpaid dividends thereon and (b) the payment that a holder of Shares of Series A Preferred Stock would have received had such holders, immediately prior to such redemption (or Liquidation, if applicable), converted such Shares then held by such holder into shares of Common Stock at the applicable Conversion Price then in effect in accordance with Section 8.1, before any distributions are made to holders of Common Stock and all other Junior Securities and subject to the rights of the holders of any Parity Securities or Senior Securities and the rights of the Corporation’s existing and future creditors.
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Corporation Redemption Price shall have the meaning set forth ---------------------------- in Section 5(a).
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Corporation Redemption Price means the price per share of Series A Preferred Stock equal to 110% of the Aggregate Value per share of Series A Preferred Stock as of the date upon which redemption is made, plus: (i) 1% of the Aggregate Value per share of Series A Preferred Stock for each month since the Issuance Date up to a maximum per share redemption price equal to 140% of the Aggregate Value per share; and (ii) accumulated but unpaid dividends on the shares of Series A Preferred Stock being redeemed (not previously added to Aggregate Value pursuant to Paragraph 2 hereof).
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Related to Corporation Redemption Price

  • 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, 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;

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

  • 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 (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.

  • Minimum Redemption means, in relation to the Euro RDR ‘Retail’ Unhedged Accumulation Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

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

  • 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;