Holder Redemption Amount definition

Holder Redemption Amount shall have the meaning set forth in Section 6(a).
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Holder Redemption Amount means 105% of the then outstanding principal amount of the Debenture if on or prior to December 15, 2017 and 110% of the then outstanding principal amount of the Debenture thereafter up to fifty percent (50%) of the gross proceeds of the financing. By way of example, if the Company raises $100,000 in a financing after August 1, 2017, but prior to December 15, 2017, and the Holder requires the Company to redeem its full Holder Redemption Amount, the Company shall pay to the Holder $50,000 and the principal amount of the Debenture shall be reduced by $47,620.
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Holder Redemption Amount shall have the meaning set forth in Section 4(a)(i).
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Examples of Holder Redemption Amount in a sentence

  • Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount or Holder Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption or Holder Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption.

  • The Holder Redemption Amount is payable in full on the Holder Redemption Date.

  • The Company shall promptly, but in any event no more than three (3) Trading Days after the date that the Holder delivers a Holder Redemption Notice to the Company (the “Holder Redemption Payment Date”), pay the applicable Holder Redemption Amount to the Holder in cash by wire transfer of immediately available funds.

  • On such Redemption Date, the Corporation shall tender the Corporation Redemption Amount or the Holder Redemption Amount, as applicable, by wire transfer of immediately available funds to an account designated in writing by each holder.

  • Upon receipt of the Corporation Redemption Amount or the Holder Redemption Amount, as applicable, each holder of the certificate or certificates representing the shares of Series C Convertible Preferred Stock being redeemed shall promptly deliver such certificate or certificates to the Corporation at its principal place of business.

  • The Company shall pay a holder of Series 6-A Preferred Stock the Holder Redemption Amount or the Redemption Amount, by check or wire transfer of immediately available funds, with respect to each share of Series 6-A Preferred Stock within (i) ten (10) business days of the Company’s receipt of a Redemption Notice or (ii) ten (10) business days of the Company’s delivery of a Company Redemption Notice, as the case may be.

  • All Conversion Amounts converted by the Holder after the Company Redemption Notice Date shall reduce the Holder Redemption Amount required to be redeemed on the applicable Holder Optional Redemption Date.

  • The Holder Redemption Amount is due and payable on, and contingent upon, the closing or occurrence of the sale.

  • Notwithstanding anything to the contrary in this Section 8(a), until the Holder Optional Redemption Price is paid in full, the Holder Redemption Amount may be converted, in whole or in part, by the Holder into shares of Common Stock pursuant to Section 3.

  • If any portion of the cash payment for an Optional Redemption or Holder Redemption shall not be paid by the Company by the respective due date, interest shall accrue thereon at the rate of 18% per annum (or the maximum rate permitted by applicable law, whichever is less) until the payment of the Optional Redemption Amount or Holder Redemption Amount, plus all amounts owing thereon is paid in full.


More Definitions of Holder Redemption Amount

Holder Redemption Amount means as of any date of determination, the lesser of (i) the Conversion Amount then remaining under the Note and (ii) the sum of (A) one-third of the Original Principal Amount; (B) accrued and unpaid Interest with respect to such Principal and (C) accrued and unpaid Late Charges with respect to such Principal and Interest.
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Holder Redemption Amount for each Holder Redemption Date means 25% of the original principal amount of this Note plus all accrued but unpaid interest thereon.
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Related to Holder Redemption Amount

  • 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;

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • 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.

  • 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 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 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;

  • Optional Redemption Amount (Call) 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;

  • Early Redemption Amount (Tax) 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;

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

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

  • 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.

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

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

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • 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.