Preferred Share Redemption definition

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 has the meaning set forth in Section 5.8(b).
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Preferred Share Redemption is defined in Schedule 8.17.
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Examples of Preferred Share Redemption in a sentence

  • The "Excess Preferred Share Redemption ---------------- Price" shall be an amount per Preferred Share equal to one-hundred twenty percent (120%) of the Stated Value plus all accrued but unpaid dividends.

  • From and after the Series B Preferred Share Redemption Date (as defined in the Articles Supplementary), any Series B Preferred Units so canceled shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series B Preferred Units shall cease.

  • The Series B Preferred Share Merger Consideration deposited with the Paying Agent in accordance with this Agreement shall also serve as the funds deposited to effect the Series B Preferred Share Redemption, to the extent necessary.

  • To the extent necessary and permitted under applicable Law, the Company will consult and reasonably cooperate with Parent regarding the payment of the Preferred Share Redemption, including with respect to sources of funds (including the sale or liquidation of any investments) used to pay the Preferred Share Redemption and setting the Preferred Share Redemption record date.

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

  • The Preferred Share Redemption or Preferred Share Purchase, as applicable, shall have occurred prior to the Closing or shall occur immediately prior to the Closing (to be effective as of the Effective Time) .

  • There can be no assurance that remaining payments on the Collateral would be sufficient to make timely payments of interest on and payment of principal at the applicable Stated Maturity Date of each Class of Notes and, consequently, to make any distributions on the Preferred Shares on the Scheduled Preferred Share Redemption Date.

  • Redemption will occur at a redemption price equal to 100% of the amount paid upon issuance of the Class C Preferred Shares redeemed together with all declared and unpaid dividends (the “Class C Preferred Share Redemption Price”), less any redemption fees, charges or other amounts then payable by the holder of Class C Preferred Shares.

  • Upon receipt by Five Arrows of (i) the Preferred Share Redemption Price and the Warrant Purchase Price and (ii) the Conversion Common Shares, Five Arrows agrees that neither it nor anyone claiming under or through it shall have any rights under the Articles and all rights and obligations of Five Arrows and BRT under the Investment Agreement, the Operating Agreement and the Agreement and Waiver shall terminate.

  • From and after the Series B Preferred Share Redemption Date (as defined in the Articles Supplementary), the Series B Preferred Units so canceled shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series B Preferred Units shall cease.


More Definitions of Preferred Share Redemption

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
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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."
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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

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Early Preference Share Redemption Event means the event that occurs if:

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

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

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • 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.

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

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

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

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

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

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

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

  • 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;

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.