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

• During any Index Rate Period, 2020 Series D Variable Rate Bonds are subject to redemption, at the option of the Corporation, in whole or in part, from any source, on any Permitted Redemption or Tender Date on or after their then-current Initial Redemption or Tender Date, at a Redemption Price equal to one hundred percent (100%) of the principal amount of the 2020 Series D Variable Rate Bonds or portions thereof to be so redeemed, plus accrued interest to the Redemption Date.

• During any Index Rate Period, 2020 Series J Variable Rate Bonds are subject to redemption, at the option of the Corporation, in whole or in part, from any source, on any Permitted Redemption or Tender Date on or after their then-current Initial Redemption or Tender Date, at a Redemption Price equal to one hundred percent (100%) of the principal amount of the 2020 Series J Variable Rate Bonds or portions thereof to be so redeemed, plus accrued interest to the Redemption Date.

• Amount shown represents share redemption levels reflecting 50% of the Max Permitted Redemption scenario (approximately 42.15% redemptions).

• On and after the Series D Initial Permitted Redemption Date, the Corporation may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series D Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of Twenty-Five Dollars ($25.00) per share, plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption.

• During any Index Rate Period, 2021 Series I Variable Rate Bonds are subject to redemption, at the option of the Corporation, in whole or in part, from any source, on any Permitted Redemption or Tender Date on or after their then-current Initial Redemption or Tender Date, at a Redemption Price equal to one hundred percent (100%) of the principal amount of the 2021 Series I Variable Rate Bonds or portions thereof to be so redeemed, plus accrued interest to the Redemption Date.

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 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 the redemption of Revolving Notes permitted pursuant to Section 2.11(b).

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 a redemption of the Corporation’s Series B Preferred Stock in a series of transactions that use only the net cash proceeds received by the Corporation from an offering of Junior Securities by the Corporation to the extent the use of proceeds from such offering is specifically to so redeem the Series B Preferred Stock.