Preferred Share Redemption definition

Preferred Share Redemption has the meaning set forth in Section 5.8(b).
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Preferred Share Redemption means any redemption by the Bank of Preferred Shares held in the Limited Recourse Trust in accordance with the terms of such Preferred Shares.
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Preferred Share Redemption. Required Capital Contribution," "Restricted
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Examples of Preferred Share Redemption in a sentence

  • For the purposes of calculating such Preferred Share Redemption Price, the NAV per Unit shall be the NAV per Unit unless warrants of the Corporation are outstanding on the applicable Special Retraction Date and the NAV per Unit as of the applicable Special Retraction Date exceeds the Dilution Threshold, in which case the NAV per Unit shall be the Diluted NAV per Unit as of the applicable Special Retraction Date.

  • On or prior to the Special Retraction Payment Date, the Corporation shall pay or cause to be paid to or to the order of the registered holders of the Preferred Shares an amount per Preferred Share being redeemed equal to the Preferred Share Redemption Price as of the Special Retraction Date.

  • Any such Preferred Shares shall be redeemed by the Corporation on the Special Retraction Date on the payment by the Corporation of the Preferred Share Redemption Price as of Special Retraction Date, calculated in accordance with Section 15(b) below, in respect of each Preferred Share to be redeemed.

  • Authorization to suspend the continuance referendum requirement is provided in § 916.64(b).The NAC recommended that theprovision requiring the winter 2006–07 continuance referendum be temporarily suspended to allow the industry time to fully realize the impact of recent amendments to the marketing order.Amendments to the order were approved by nectarine growers in a referendum held in March 2006.

  • The Preferred Share Redemption was treated as a reduction in the share capital of the Company and was payable to shareholders as at December 30, 2022.

  • Any such Preferred Shares shall be redeemed by the Corporation on the Special Retraction Date on the payment by the Corporation of the Preferred Share Redemption Price as of Special Retraction Date, calculated in accordance with Section 19(b) below, in respect of each Preferred Share to be redeemed.

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  • Upon receipt of the Redemption Notice, the Company shall use its reasonable best efforts to complete the Preferred Share Redemption on the Redemption Date.

  • When the simulation has completed, the NAV is compared to the Preferred Share Redemption value; if less, then the issue defaults and the severity of default is determined by the difference between the two values.In each run, this process is repeated 8,191 times, using randomly selected values of “rtn”.

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More Definitions of Preferred Share Redemption

Preferred Share Redemption is defined in Schedule 8.17.
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Preferred Share Redemption means the redemption or repurchase of all the BRP Equity Preferred Shares in accordance with the provisions of the BRP Equity Preferred Shares as at the date hereof.
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Preferred Share Redemption. Required Capital Contribution," "Restricted Payment," "Securityholders' Portion," "Special Dividend," "13.60% Debenture," "Tri-City Purchase Agreement" and "Unrestricted Subsidiary." (b) The definition of "Guarantor Senior Indebtedness" is amended to be and read in its entirety as follows: "Guarantor Senior Indebtedness" means, with respect to any Guarantor, the principal of, premium, if any, and interest on (including interest accruing subsequent to the occurrence of any event specified in Sections 6.1(a)(vii) or (viii) relating to such Guarantor whether or not the claim for such interest is allowed under any applicable Bankruptcy Code) all obligations of every nature of such Guarantor under or in respect of up to $40 million in aggregate principal amount under the Revolving Credit Facility, whether outstanding on the Issue Date or thereafter incurred without giving effect to any reduction in the amount of such Indebtedness necessary to render the obligation of any Guarantor with respect thereto (as obligor, guarantor or otherwise) not voidable under applicable law relating to "fraudulent conveyance" or "fraudulent transfer." Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include, (a) Indebtedness that is expressly subordinate or junior in right of payment to any Indebtedness of such Guarantor, (b) Indebtedness which, when incurred and without respect to any election under Section 1111(b) of Xxxxx 00, Xxxxxx Xxxxxx Code, is without recourse to such Guarantor, and (c) that portion of any Indebtedness which at the time of its issuance is issued in violation of this Indenture.
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Preferred Share Redemption. Required Capital Contribution," "Restricted Payment," "Securityholders' Portion," "Special Dividend," "13.60% Debenture," "Tri-City Purchase Agreement" and "Unrestricted Subsidiary." (b) The definition of "Revolving Credit Facility" is amended to be and read in its entirety as follows: "Revolving Credit Facility" means the Revolving Credit Agreement dated as of December 27, 1995, among AMCE, as borrower, certain of its subsidiaries, as guarantors, and The Bank of Nova Scotia, Chemical Bank, Bank of America National Trust and Savings Association and certain other lenders together with the exhibits and schedules thereto, as the same may be amended, supplemented or otherwise modified from time to time, and any refinancings, replacements or renewals thereof.
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Preferred Share Redemption has the meaning assigned to that term in Section 5.7 of this Agreement.
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Related to Preferred Share Redemption

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

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

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

  • Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;