Examples of Liquidating Redemption in a sentence
Notwithstanding anything to the contrary contained herein, Holders may convert Conversion Amounts subject to redemptions under this Section on or prior to the date immediately preceding the applicable Liquidating Redemption Date or Final Redemption Date, as the case may be, and, in the case of unpaid Triggering Event Redemption Amount, until such amount is paid in full.
Whenever the Conversion Price or --------------------- Liquidating Redemption Price is adjusted pursuant to the terms hereof the Company shall promptly mail to each Holder, a notice setting forth the Conversion Price and Liquidating Redemption Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
The Monthly Redemption Amount due on each Liquidating Redemption Date and the Final Redemption Amount due on the Maturity Date shall, except as provided in the this Section, be paid in cash.
If any fraction of an Underlying Share would, except for the provisions of this Section, be issuable upon a conversion or redemption hereunder, the Company shall pay an amount in cash equal to the Conversion Price or Liquidating Redemption Amount multiplied by such fraction.
Each of the Conversion Price and the Liquidating Redemption Price in effect on any date shall be subject to adjustments in accordance with this Section 9(d).
Liquidating Redemption Amounts are subject to multiple deferments at the option of the Holders.
The Holder, or any Person so designated by the Holder to receive Underlying Shares, shall be deemed to have become holder of record of such Underlying Shares as of the Conversion Date, Liquidating Redemption Date or Maturity Date (as the case may be).
The number of such Underlying Shares will equal the amount of such payment (other than with respect to the portions thereof due in respect of liquidated damages and other non- dividend amounts owing on account of the Stated Value at issue) divided by the Liquidating Redemption Price on the Liquidating Redemption Date or Maturity Date (as the case may be).
In the event that an adjustment to only one of the Conversion Price or the Liquidating Redemption Price would result in a lower such price, then such adjustment shall only apply to such of the Conversion Price or the Liquidating Redemption Price as would result in such lower price.
In the event of such a postponement and deferment, the portion of the Liquidating Redemption Amount at issue will be due in full on such rescheduled and deferred monthly anniversary of the Original Issue Date as complies with the prior sentence.