Examples of Redemption Election in a sentence
The Compulsory Redemption Election Fee will be used to pay costs and expenses related to the Holder changing their election.
As a result of the exercise of the Share Redemption Election Right by the Company, the Company has accordingly allotted and issued 72,619,050 Shares on 17 May 2018 and no Marsa CB remained outstanding.
In other words, still there are huge numbers of potential investors which has not yet been attracted by the CSE.Compared with the developed economies, most emerging economies do not have a well-functioning stock markets (Feldman & Kumar, 1995).
Compulsory Redemption Election FeeA Compulsory Redemption Election Fee of $500 will be payable by a Holder in the event a Holder changes their election as to whether the Coin Delivery Method or Coin Sale Method will apply following any compulsory redemption.
If a Participant makes a Redemption Election with respect to an Award and the Investment relating to such Award is not Liquid as of the applicable Window Redemption Date, then such Redemption Election shall be void and of no effect.
The provisions in this clause 4 apply to Class B Performance Shares held by a Holder where those Class B Performance Shares have Bloomed and which are the subject of a Redemption Election from that Holder.
On 4 May 2018, the Company exercised the Share Redemption Election Right over all the Marsa CBs so remained after the said partial cancellation.
Further, the settlement decisions made by the Redemption Election Committee will be solely in the Company’s control and cannot be overridden or vetoed by other board members, including Mr. Avellan.
The committee, named the Redemption Election Committee, has the fiduciary duties to act in the best interests of all of our stockholders, was delegated the full power of our board in respect of redemption settlement decisions, and consists solely of directors that are neither nominated by, or affiliated with, any noncontrolling interest holders.
The Conversion Election and/or Redemption Election may be modified pursuant to clause 2.4. If no Conversion Election and no Redemption Election is received by the Company from a Holder within the 10 Business Day period referred to in clause 2.2(b), the Holder will be deemed to have made a Conversion Election for the purpose of clause 2.2(b) in respect of all of that Holder’s Class B Performance Shares (which may be modified pursuant to clause 2.4).