Preferred Redemption Price definition
Examples of Preferred Redemption Price in a sentence
So long as the Series A Preferred Units to be redeemed are held of record by the nominee of the Depositary, the Series A Preferred Redemption Price shall be paid by the Paying Agent to the Depositary on the Series A Preferred Redemption Date.
On such Redemption Date, each holder of shares of Preferred Stock shall surrender the certificate evidencing such shares to the Corporation and shall thereupon be entitled to receive payment of, as applicable, the Series F Redemption Price or the applicable Junior Preferred Redemption Price.
On or before the Redeemable Preferred Redemption Date, the Redeemable Preferred Limited Partner shall deliver to the Partnership any certification required by the redemption notice and shall thereupon be entitled to receive the Redeemable Preferred Redemption Price per Redeemable Preferred Unit redeemed on the Redeemable Preferred Redemption Date.
Except for any continuing right to be paid the Preferred Redemption Price, all rights of the holder of such Foundation Preferred Units shall cease, and such Preferred Unit shall not be deemed to be outstanding, after the closing of any redemption hereunder.
Subject to the YBCA, the Company may, upon giving notice as hereinafter provided, redeem at any time the whole or from time to time any part of the then outstanding Preferred Shares on payment for each Preferred Share to be redeemed of an amount equal to the Preferred Redemption Price.