Redemption Agent definition

Redemption Agent means Computershare and the Trust Company or any bank or trust company appointed to receive redemption proceeds on the deposited Preference Shares and to disburse the same to the holders of the Receipts, as herein provided.
Redemption Agent means that Person, if any, appointed by the Issuer to hold funds deposited by the Issuer in trust to pay to the Holders of shares to be redeemed.
Redemption Agent means that Person, if any, appointed by the Corporation to hold funds deposited by the Corporation in trust to pay to the Holders of shares of Series A Preferred Stock to be redeemed. Any Redemption Agent shall be (i) a national banking association or corporation organized and doing business under the laws of the United States of America or of any state or territory thereof or of the District of Columbia, authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal, state, territorial or District of Columbia authority, and having a combined capital and surplus of at least $50 million or (ii) an Affiliate of such a national banking association or corporation that customarily performs the duties of redemption agent for public securities issues.

Examples of Redemption Agent in a sentence

  • The Company hereby appoints Computershare and the Trust Company as the Depositary and Redemption Agent, the Trust Company as Registrar and Transfer Agent and Computershare as Dividend Disbursing Agent for the Preference Shares deposited hereunder and the Trust Company and Computershare hereby accept such appointment and, as such, will reflect changes in the number of shares (including any fractional shares) of deposited Preference Shares held by it by notation, book-entry or other appropriate method.


More Definitions of Redemption Agent

Redemption Agent means the Depositary or any bank or trust company appointed to receive redemption proceeds on the deposited Preference Shares and to disburse the same to the holders of the Receipts, as herein provided.
Redemption Agent means a bank or trust company in good standing, organized under the laws of the United States of America or any jurisdiction thereof, having capital, surplus and undivided profits aggregating at least One Hundred Million Dollars, appointed by the Company to act as agent to redeem the Series H Preferred Stock.
Redemption Agent means Computershare Trust Company, N.A., X.X. Xxx 00000, Xxxxxxxxxx, Xxxxx Xxxxxx 00000.
Redemption Agent means Broadridge Corporate Issuer Solutions, Inc., 50 Xxxxxxxx Xxx, Xxxxxxxx, XX 00000.
Redemption Agent means Computershare and Trust Company or any bank or trust company appointed to register ownership and transfers of Receipts and the deposited Preference Shares, as herein provided.
Redemption Agent means a bank or trust company in good standing, organized under the Laws of the United States of America or any jurisdiction thereof that has a combined capital and surplus of at least $500 million (or if such bank or trust company is a member of a bank holding company system, its bank holding company shall have a combined capital and surplus of at least $500 million), provided that if such bank or trust company publishes reports of condition at least annually, pursuant to Law or to the requirements of any supervising or examining authority, then for the purposes of this definition, the combined capital and surplus of such bank or trust company shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
Redemption Agent means a redemption agent that meets the criteria set forth in Section 13(g).