Forced Redemption definition

Forced Redemption shall have the meaning set forth in Section 4.07(c).
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Forced Redemption means a redemption by the Manager upon a Unitholder becoming a non-resident or a “designated beneficiary” as defined in section 210 of the Tax Act;
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Examples of Forced Redemption in a sentence

  • Information Concerning Forced Redemption Events, Mandatory Redemptions, Optional Redemptions and Payment Exchanges between Pools.

  • The Servicer will maintain a record of all Participating Securities which have been subject to any Forced Redemption Event, Mandatory Redemption or Optional Redemption and the amount of any payment made thereon and will provide a report containing such redemption information to the Trustee.

  • Forced Redemption Upon Non-Residency At no time may “non-residents” of Canada (as defined in the Tax Act) be the beneficial owners of more than 49% of the Units, nor may they beneficially own any rights or options that may entitle them to acquire Units that would result in more than 49% of the Units, at any time, being held or beneficially owned, directly or indirectly, by non-residents.

  • Forced Redemption Upon Non-Residency At no time may non-residents of Canada be the beneficial owners of Trust Units.

  • See “Terms of Units - Forced Redemption Upon Non-Residency” and “Resale Restrictions”.

  • See “Terms of the Trust Units - Forced Redemption Upon Non-Residency” and “Resale Restrictions”.

  • Upon any redemption of Series A Preferred Units pursuant to this Section 5.12(b)(x), the Partnership shall pay the cash portion of the Series A Forced Redemption Price to the applicable Series A Preferred Unitholder by wire transfer of immediately available funds to an account specified by each such Series A Preferred Unitholder in the Series A Forced Redemption Notice.

  • Produce required documents, including SBA Form 431, for SBA’s purchase of pooled debentures and participating securities after respective Acceleration and Forced Redemption Events.

  • The Servicer will maintain a record of all Participating Securities which have been subject to any Forced Redemption Event, Mandatory Redemp­ tion or Optional Redemption and the amount of any payment made thereon and will provide a report containing such redemption information to the Trustee.

  • A Series A Forced Redemption Notice will be irrevocable and will be provided by the Series A Preferred Unitholder to the Partnership not less than 30 days prior to the Series A Redemption Date.

Related to Forced Redemption

  • 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;

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

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

  • Specified Redemption Date means the tenth (10th) Business Day after receipt by the General Partner of a Notice of Redemption; provided that if the Company combines its outstanding REIT Shares, no Specified Redemption Date shall occur after the record date of such combination of REIT Shares and prior to the effective date of such combination.

  • Scheduled Redemption Date means the first (1st) Business Day following the twenty first (21st) anniversary of the Issue Date.

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

  • Make-Whole Redemption Amount means the sum of:

  • 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.

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

  • 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.

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

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

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

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

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

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

  • 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;

  • Tax Redemption Date shall have the meaning specified in Section 16.02(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;

  • 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.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Make-Whole Redemption Margin means the margin specified as such in the relevant Final Terms.

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

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

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