Redemption Factor definition
Redemption Factor means 1.0, provided that in the event that LXP (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares, or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares, the Redemption Factor shall be adjusted by multiplying the Redemption Factor in effect immediately before such event by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date for such dividend, distribution, subdivision or combination (assuming for such purposes that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on the record date for such dividend distribution, subdivision or combination. Any adjustment to the Redemption Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.
Redemption Factor means 1.126, provided that in the event that LXP (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its outstanding REIT Shares, or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares, the Redemption Factor shall be adjusted by multiplying the Redemption Factor in effect immediately before such event by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date for such dividend, distribution, subdivision or combination (assuming for such purposes that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on the record date for such dividend distribution, subdivision or combination. Any adjustment to the Redemption Factor (x) with respect to clause (i) of the immediately preceding sentence, shall become effective immediately after the effective date of such event retroactive to the day after the record date, if any, for such event, and (y) with respect to clauses (ii) or (iii) of the immediately preceding sentence, shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.
Redemption Factor means (i) during the period ending one year after the Closing Date, 1.35 and (ii) during the period beginning on the first day after the first anniversary of the Closing Date and ending two years after the Closing Date (such period, the "Second Year Period"), the sum of 1.35 plus the product of (x) the number of calendar days elapsed in the Second Year Period up to and including the redemption date multiplied by (y) 0.30 divided by 365 (rounded to the nearest 0.0001).
Examples of Redemption Factor in a sentence
If the weighted average performance (including the 13 monthly fixings at the end of the maturity), is negative, the Notes will redeem at the Redemption Factor.
If the Fixed Best Call Performance of the Basket of Underlying Equities (including the 13 monthly fixings at the end of the maturity), is positive, the Notes will redeem at a price above the Redemption Factor.
In this case, the Security Holder receives the respective Early Redemption Amount (k) on the respective Early Payment Date (k).An Early Redemption Event means that the Reference Price on the respective Observation Date (k) is equal to or greater than the Early Redemption Level (k).Early Redemption Level (k) means the product of the Early Redemption Factor (k) and the Initial Reference Price.
If the Fixed Best Call Performance of the Basket of Underlying Equities (including the 4 monthy fixings in the beginning and the 13 monthly fixings at the end of the maturity), is positive, the Notes will redeem at a price above the Redemption Factor.
Borrower shall make payment to the Holder of an amount in cash (the “Redemption Amount”) equal to the Redemption Factor (as defined below), multiplied by the sum of: (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Redemption Deadline plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof.
More Definitions of Redemption Factor
Redemption Factor is hereby deleted in its entirety and replaced with the following:
Redemption Factor means: (i) from the Original Issuance Date to and including [March 31, 2024, 92.5%; (ii) from April 1, 2024 to and including December 31, 2024, 95%; (iii) from January 1, 2025 to and including] December 31, 2025, 100%; and [(iv)] from January 1, 2026 and thereafter, 105%. “Redemption Price” shall mean, on a Corporation Redemption Date or a Holder Put Date, a price per share of Series A Preferred Stock equal to (i) the then Liquidation Preference multiplied by the Redemption Factor, plus (ii) an amount equal to all accrued but unpaid dividends (whether or not authorized or declared) on such share to, but not including, such Corporation Redemption Date or Holder Put Date, as applicable. “Requisite Approvals” shall mean all authorizations, consents, orders or approvals of, or declarations or filings with, or expiration of waiting periods imposed by, any governmental authority necessary for the consummation of the transactions contemplated by these Article Supplementary, including under the HSR Act and CFIUS. “SEC” shall mean the Securities and Exchange Commission. “Securities Act” shall have the meaning as provided in the Charter. “Series A Preferred Stock” shall have the meaning as provided in Article FIRST. “Shares” shall have the meaning as provided in the Charter. “Stock Split” shall have the meaning as provided in subparagraph (d) of Section 8. “Trading Day” shall mean a day on which the Common Shares (i) are not suspended from trading at the close of business on the National Securities Exchange that is the principal securities exchange on which the Common Shares are then listed, if any, and (ii) have also traded at least once on such National Securities Exchange. “Transfer” shall have the meaning as provided in the Charter. 5 753949568.26 “Underwritten Offering” shall mean an offering (including an offering pursuant to a shelf registration statement) in which the Common Shares are sold to one or more underwriters on a firm commitment basis in a public offering. “Voting Parity Preferred Shares” shall have the meaning as provided in subparagraph (b) of Section 9. “VWAP” shall mean the volume-weighted average price, calculated by dividing the aggregate value of the Common Shares traded on a National Securities Exchange during regular hours (price per share multiplied by the number of shares traded) on the reference Trading Day by the total volume (number of shares) of the Common Shares traded on a National Securities Exchange for such Trading Day, or if su...
Redemption Factor means the rate corresponding to the relevant category set forth in the following items according to whether the Date of Redemption for Money falls within any of the periods listed below:
Redemption Factor. Means 100%; provided that such factor shall be adjusted in accordance with the Antidilution Provisions of Section 10.2.C and 10.2.D hereof.
Redemption Factor means, with respect to a Unit on the relevant date, one divided by the total number of Trust Units of the relevant series then outstanding.
Redemption Factor set forth in the Certificate of Designations governing the terms of the Junior Preferred Stock is amended by replacing the number "1.03" therein with "1.00."