Permitted Redemption definition

Permitted Redemption means the redemption of Notes permitted pursuant to Section 2.3(a).

Permitted Redemption means a Group member’s repurchase of its own shares or participatory interests in the authorized capital of such member of the Group, provided that:

Permitted Redemption shall have the meaning assigned in Section 4.5.

Examples of Permitted Redemption in a sentence

• The “Permitted Redemption Amount” shall be equal to (A) the aggregate unpaid outstanding principal amount of all Notes, (B) all accrued and unpaid interest with respect to such principal amount and all accrued and unpaid fees, (C) all accrued and unpaid Late Charges with respect to such Permitted Redemption Amount, (D) the Prepayment Premium and (E) all other amounts due under the Transaction Documents.

• A Permitted Redemption Notice delivered pursuant to this subsection shall be irrevocable.

• Borrower shall not, and shall not permit any Company to, declare, make, or pay any Redemptions (net of the amount of any Net Proceeds from the resale of Stock previously redeemed pursuant to a Permitted Redemption) other than Permitted Redemptions.

• If the Companies elect to redeem pursuant to a Permitted Redemption, then the Permitted Redemption Amount which is to be paid to the Holder on the applicable Permitted Redemption Date shall be redeemed by the Companies on such Permitted Redemption Date, and the Companies shall pay to the Holder on such Permitted Redemption Date, by wire transfer of immediately available funds, an amount in cash equal to the Permitted Redemption Amount.

• The Companies shall redeem the applicable Permitted Redemption Amount of this Debenture pursuant to this Section 5(a) together with the corresponding Permitted Redemption Amounts of the Other Debentures pursuant to the corresponding provisions of the Other Debentures.

More Definitions of Permitted Redemption

Permitted Redemption means Restricted Payments permitted by Section 7.5(e).

Permitted Redemption means the Company’s redemption of shares of Preferred Stock in accordance with the Certificates of Designation.

Permitted Redemption means the redemption and repurchase on or after October 23, 1998 by the Borrower of Convertible Subordinated Notes for a purchase price not to exceed $85,000,000 in the aggregate, provided that (i) the purchase price paid by the Borrower for such Convertible Subordinated Notes shall be made at a discount equal to no less than 15% of the par value of such Convertible Subordinated Notes in the aggregate, (ii) no redemption or repurchase shall occur on or after July 23, 1999 and (iii) any such Convertible Subordinated Notes that are redeemed and repurchased shall be delivered to the "trustee" under the Convertible Subordinated Note Indenture for cancellation and shall not be reissued.

Permitted Redemption means a repurchase or redemption by the Grandparent of -------------------- not more than 50% of the aggregate Indebtedness of the Grandparent issued pursuant to any indenture, where such repurchase or redemption is required as a result of a mandatory obligation on the part of the Grandparent under such indenture as a result of any change in control of the Grandparent, provided that -------- after such repurchase or redemption the Grandparent is reasonably likely to be able to meet its obligations pursuant to the Support Agreement.

Permitted Redemption. ’ means any redemption or repurchase of the relevant Securities during a fiscal year, whereby the amount of ‘‘equity credit’’ (as defined by Standard & Poor’s) removed by the reduction in principal amount of the Securities outstanding as a result of such redemption or repurchase and all other (if any) redemption or repurchase of any Securities during such fiscal year, together with the amounts (if any) spent for the repurchase of the Issuer’s ordinary shares by the Issuer or on its behalf, during such fiscal year, does not exceed 10% of the principal amount of such Securities and any other loans made to or securities issued by the Issuer (for the avoidance of doubt, except for ordinary shares of the Issuer) which attract at least the same level of ‘‘equity credit’’ (or such other nomenclature that Standard & Poor’s may use from time to time to describe the degree to which an instrument exhibits the characteristics of an ordinary share) from Standard & Poor’s, in each case outstanding as at the start of such fiscal year.

Permitted Redemption means any repurchase of capital stock of the Corporation under any employment contract, severance plan or other equity compensation• plan if such contract or plan has been approved by the Board of Directors of the Corporation.

Permitted Redemption means the redemption by Borrower of the following shares of its Capital Stock: (x) 445,410 Class A Common Units from PCH Priority Holdings LLC, (ii) up to 295,833.82 Class A Common Units from Priority Investment Holdings LLC and (iii) 212,750 Class A Common Units from RJH Consulting LLC; provided, that each of the following conditions shall have been satisfied: (i) at the time of such Restricted Payment, no Default or Event of Default then exists or would be caused thereby, (ii) such Restricted Payment shall be made in compliance with applicable law and the Organizational Documents of Borrower, (iii) prior to the consummation of such redemption, Borrower shall have received a cash distribution from its Subsidiaries in an amount at least equal to the aggregate purchase price paid in connection with the Permitted Redemption, (iv) the aggregate purchase price paid by Borrower in connection with such redemption shall not exceed $70,000,000.