MANDATORY REDEMPTIONS definition

MANDATORY REDEMPTIONS. In the event of a mandatory redemption by the Fund of all or part of the Shares on any Business Day (the "Mandatory Redemption Date"), then the Equity Notional Amount and the Number of Shares shall be adjusted accordingly on the relevant Equity Payment Date. Such Equity Payment Date is considered to be a Termination Date that is applicable to only the Redemption Amount.
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MANDATORY REDEMPTIONS has the meaning assigned to such term in Section 6.2(d).
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Examples of MANDATORY REDEMPTIONS in a sentence

  • In addition, on the Redemption Date, the Corporation shall, out of funds legally available therefor, redeem all of the then outstanding shares of Series E Preferred Stock pursuant to this Section 6(A) at the Series 52 53 E Redemption Price (the "MANDATORY SERIES E REDEMPTION," and together with the Mandatory Series D Redemption, the "MANDATORY REDEMPTIONS").

Related to MANDATORY REDEMPTIONS

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

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

  • Special Mandatory Redemption has the meaning set forth in Section 3.07.

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Special Mandatory Redemption Price means 100% of the principal amount of the Notes plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Redemption Date.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

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

  • 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.

  • 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.

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

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

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

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

  • 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;

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

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

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

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

  • Compulsory Redemption with respect to a Fund Share means the compulsory redemption or transfer of the relevant Fund Shares, as described in the relevant Memorandum.

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