Mandatory Redemption Amount definition

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

Mandatory Redemption Amount means an amount in an alternate currency to be determined by the Bank acting in good faith and in a commercially reasonable manner, adjusted downward to account fully for all Hedging Costs. The Mandatory Redemption Amount is likely to be substantially less than the Principal Amount and, in the worst case scenario, the Mandatory Redemption Amount may be zero.

Mandatory Redemption Amount means an amount per Note calculated by the Calculation Agent as an amount equal to the Note Value of such Note, less such Note’s pro rata share of any costs and expenses incurred by or on behalf of the Issuer in any realisation of any Series Assets of the relevant Series of Notes necessary to give effect to such redemption.

Examples of Mandatory Redemption Amount in a sentence

• As compensation to the Subscriber for such loss, the Company agrees to pay late payments to the Subscriber for late issuance of Shares in the form required pursuant to Section 9 hereof upon Conversion of the Note or late payment of the Mandatory Redemption Amount, in the amount of $100 per business day after the Delivery Date or Mandatory Redemption Payment Date, as the case may be, for each $10,000 of Note principal amount being converted or redeemed.

• If any of the Mandatory Redemption Events listed in Condition 8.7 occurs, each ETP Security shall become due and payable on the related Mandatory Redemption Settlement Date at its Mandatory Redemption Amount.

• The Company understands that a delay in the delivery of the Common Stock in the form required pursuant to this section, or the Mandatory Redemption Amount described in Section E hereof, beyond the Delivery Date or Mandatory Redemption Payment Date (as hereinafter defined) could result in economic loss to the Holder.

• As compensation to the Holder for such loss, the Company agrees to pay late payments to the Holder for late issuance of Common Stock in the form required pursuant to Section E hereof upon Conversion of the Debenture or late payment of the Mandatory Redemption Amount, in the amount of $100 per business day after the Delivery Date or Mandatory Redemption Payment Date, as the case may be, for each $10,000 of Debenture principal amount being converted or redeemed.

• If the Holder exercises its right herein to require a Mandatory Redemption by delivering written notice to the Company within five (5) Trading Days of the Mandatory Redemption Notice Date (“Mandatory Redemption Exercise Notice”), the Company shall effect the Mandatory Redemption and pay the Mandatory Redemption Amount to the Holder on or prior to the fifth (5th) Trading Day following the consummation of the Subsequent Financing (“Mandatory Redemption Date”).

More Definitions of Mandatory Redemption Amount

Mandatory Redemption Amount means the applicable Physical Redemption Amount, Cash Redemption Amount or other amount as is determined in accordance with Base Condition 6.2(b).

Mandatory Redemption Amount means, with respect to such principal amount that is subject to a Mandatory Redemption pursuant to Section 6(c) herein, the sum of (a) 115% of such principal amount of the Note, (b) 100% of the accrued and unpaid interest hereon and the Make Whole and (c) all liquidated damages and other amounts due in respect of the Note.

Mandatory Redemption Amount means the sum of (a) 100% 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.

Mandatory Redemption Amount means the sum of (a) 100% of the then outstanding Principal Amount of the Exchange Note, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Exchange Note.

Mandatory Redemption Amount means an amount, as determined by the Calculation Agent, equal to:

Mandatory Redemption Amount means the sum of (i) the product of (A) the number of shares of Preferred Stock to be redeemed and (B) the product of (1) the average Per Share Market Value for the five (5) Trading Days immediately preceding (x) the date of the Triggering Event or (y) the date of payment in full by the Company of the applicable redemption price, whichever is greater, and (2) the Conversion Ratio calculated on the date of the Triggering Event, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such shares of Preferred Stock.

Mandatory Redemption Amount means the sum of: