Premium Redemption Price definition

Premium Redemption Price means the following:

Premium Redemption Price means the redemption prices (each expressed as a percentage principal amount) set forth in Schedule 2 to the Series 1997 Refunding Lessor Note.

Premium Redemption Price means 105% of the principal amount of the Debentures to be redeemed plus accrued and unpaid interest (including any Additional Payments) thereon to the Redemption Date.

Examples of Premium Redemption Price in a sentence

• Any request by a Holder pursuant to this paragraph (iv)(B) shall be revocable by that Holder at any time prior to its receipt of the Premium Redemption Price.

• In lieu of receiving the Monthly Delay Payment as provided above, a Holder shall have the right but not the obligation to elect to have the Company redeem its Securities at a price equal to the Premium Redemption Price.

• Without limiting the foregoing, if payment in immediately available funds of the Premium Redemption Price is not made within such 5 business day period, the Holder may revoke and withdraw in whole or in part its election to cause the Company to make such mandatory purchase at any time prior to its receipt of such cash, without prejudice to its ability to elect to receive that particular or other Premium Redemption Price payments in the future.

• If such cash payment is not paid in full within three (3) Trading Days following the Automatic Redemption Date, then the Corporation shall redeem all outstanding Preferred Shares for cash at the Premium Redemption Price (as defined in the Registration Rights Agreement).

• After the expiration of such 3 full 30 day periods, the Investor shall be immediately entitled to sell the applicable Securities to the Company at the Premium Redemption Price.

More Definitions of Premium Redemption Price

Premium Redemption Price means as to the Convertible Notes:

Premium Redemption Price has the meaning attributed thereto in Section (iv)1(B);

Premium Redemption Price per Share is equal to 1.3 (i.e., 130%) times the Liquidation Preference of such Share. The "Deficiency" shall be equal to the number of Preferred Shares that would not be able to be converted for Common Shares, due to an insufficient number of Common Shares available, if all the outstanding Preferred Shares were submitted for conversion at the Conversion Price set forth in the Designation as of the date such Deficiency is determined. Default payments shall no longer accrue on Preferred Shares after such shares have been redeemed by Alteon pursuant to the foregoing provision.

Premium Redemption Price shall have the meaning set forth in Section 2(b)(i)(B).

Premium Redemption Price shall be equal to (A) as to the Debentures, the greater of (x) 120% of the Outstanding Principal Amount of the Debentures plus any accrued but unpaid or unrecognized interest or default payments and (y) the value that the Holder would be entitled to receive upon conversion of the Debenture at the Conversion Price then in existence, without reference to Section 12 thereof, and the subsequent sale of the Common Shares received thereby at the Market Price for Shares of Common Stock then in existence and (B) as to the Common Shares and/or Warrant Shares, 120% of the dollar amount which is the product of (x) the number of shares so to be redeemed pursuant to this paragraph, and (y) the Market Price for Shares of Common Stock at the time such shares were received pursuant to conversion of Debentures or exercise of the Warrants. Nothing herein shall be construed as precluding the Holder from exercising its conversion rights under the Debenture unless the Company redeems the Debenture and pays the Premium Redemption Price in full pursuant to this Option One. Default payments shall no longer accrue on Debentures after such Debentures have been redeemed by the Company pursuant hereto. If the Company fails to pay the Premium Redemption Price in full on the Redemption Date in immediately available funds, in addition to any other rights or remedies it may have, (i) the Holder shall have the right to require the Company to repurchase the Debentures, Common Shares and/or Warrant Shares (in whole or in part, as selected by Holder) at a price equal to 110% of the Premium Redemption Price; and (ii) the Company shall pay in cash to each Holder the default payment set forth in Option Two below for each 30-day period (or portion thereof) that the Company fails to pay 110% of the Premium Redemption Price, except that such 3% default payment shall not be subject to the 18% cap, set forth in Option Two. In the event that the Company selects Option One but the Holder is prevented from exercising its redemption rights by reason of the Subordination Agreement, then the Company shall be deemed to have selected Option Two for all purposes hereunder.

Premium Redemption Price means 110 per cent. of the Principal Amount of the Securities plus any accrued but unpaid Distributions and any Arrears of Distribution (including any amount of distributions accrued thereon in accordance with Condition 4.5(a)).

Premium Redemption Price means 110% of the Debenture Amount.