Preferred Redemption definition

Preferred Redemption means the Preferred Payment and the Participation Redemption.

Preferred Redemption has the meaning assigned to such term in the Merger Agreement.

Preferred Redemption has the meaning set forth in the Recitals.

Examples of Preferred Redemption in a sentence

• Effective upon the Preferred Redemption, the Preferred Units shall have no rights as a Member, economic or otherwise, under this Agreement including, without limitation, any right to distributions under Sections 5.02 and 9.03(c) or otherwise.

• If the Star-Edison Purchase Agreement is terminated at any time, then from and after the date of such termination, AIG shall use its commercially reasonable efforts to effect a Monetization Transaction with respect to each of Star and Edison, unless the AIA/ALICO Preferred Redemption has occurred with respect to both SPVs.

• Upon the Preferred Redemption, the Preferred Units shall automatically terminate without any further action necessary on behalf of the Company or the Preferred Members and the Preferred Members shall return the Preferred Unit Certificates to the Company for cancellation.

• From and after the date hereof, AIG shall use its commercially reasonable efforts to effect a Monetization Transaction with respect to Xxx Xxxx, unless the AIA/ALICO Preferred Redemption has occurred with respect to both SPVs.

• Effective upon the Senior Preferred Redemption, the Senior Preferred Units shall have no rights as a Member, economic or otherwise, under this Agreement including, without limitation, any right to distributions under Sections 5.02, 5.03 and 9.03(c) or otherwise.

More Definitions of Preferred Redemption

Preferred Redemption has the meaning set forth in Section 2.1(a)(iii)(A) of this Agreement.

Preferred Redemption means the redemption of preferred Units by OpCo in exchange for a promissory note prior to the Reorganization.

Preferred Redemption means the redemption of preferred Units by OpCo in exchange for a promissory note prior to the Reorganization. “Pre-Exchange Transfer” means any transfer (including upon the death of a Unit Holder) or distribution in respect of one or more Units (i) that

Preferred Redemption means the redemption of preferred Units by OpCo in exchange for a promissory note prior to the Reorganization. “Pre-Exchange Transfer” means any transfer (including upon the death of a Unit Holder) or distribution in respect of one or more Units (i) thatoccurs prior to an Exchange of such Units, and (ii) to which Section 734(b) or 743(b) of the Code applies.

Preferred Redemption has the meaning set forth in Section 6.17.

Preferred Redemption. PERIOD shall mean the period commencing on the Senior Note Issuance Date and ending on the earlier to occur of (A) October 31, 1999 and (B) the date, if any, on which the Funds Administrator shall request in writing that the Agent terminate the Preferred Redemption Reserve.

Preferred Redemption shall have the meaning set forth in Section 2.04(a).