Redemption Closing definition
Examples of Redemption Closing in a sentence
At the Redemption Closing, subject to applicable law, the Company will, from any source of assets or funds legally available therefor, redeem each Preferred Share by paying in cash therefor the Redemption Price against surrender by such holder at the Company’s principal office of the certificate representing such share.
From and after the Redemption Closing, if the Company makes the Redemption Price available to a holder of a Preferred Share, all rights of the holder of such Preferred Share (except the right to receive the Redemption Price therefor) will cease with respect to such Preferred Share, and such Preferred Share will not thereafter be transferred on the books of the Company or be deemed outstanding for any purpose whatsoever.
Each Redeeming Party shall deliver to the Company at the Redemption Closing a certificate or certificates evidencing the Units redeemed hereunder together with executed assignments of interest.
Subject to the conditions that a duly completed Redemption Order is received by Transfer Agent from the AP on behalf of itself or another redeeming investor by the applicable Redemption Closing Time, the Transfer Agent will accept the Redemption Order on behalf of Company and Distributor and will confirm in writing to the AP that its Redemption Order has been accepted by 4:45 p.m. Eastern Time (or 6:15 p.m. Eastern Time for T-1 Orders) on the Business Day the Redemption Order is received.
At the Redemption Closing, such Series A Preferred Owner shall sell, convey, transfer and deliver to the Company full right, title and interest in and to the Series A Preferred Units, free and clear of all liens, security interests or adverse claims of any kind and nature and shall deliver to the Company such documentation as it reasonably requires to evidence the disposition.