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
The Partnership shall notify any Limited Partner that is a Qualifying Party, on request, of the then current Redemption Factor or any change made to the Redemption Factor.
At least 30 days prior to the redemption by Company of any shares of any series of its outstanding preferred stock, Company shall provide Purchaser with notice of any such redemption, setting forth (i) the number of shares of each series of preferred stock to be redeemed, and (ii) the Highest Redemption Factor (as hereinafter defined) relating to such redemption.
The highest of all fractions calculated pursuant to the immediately preceding sentence shall be the "Highest Redemption Factor." In no event shall the Highest Redemption Factor exceed 1/3 during any calendar year.
In the event the average closing price for the Common Stock for the five trading days preceding the date of the Notice of Redemption is given is $0.20 or higher, then the Redemption Factor shall be 130%.
Within such 30 day period, Purchaser may require Company to redeem up to that portion of the Note equal to the product of (x) $15,000,000, multiplied by (y) the Highest Redemption Factor, for a price which would then be applicable to a voluntary prepayment by Company (without regard to the Qualified IPO provisions) pursuant to Section 2.3 hereof, which redemption shall occur prior to any such preferred stock redemption.
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.
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. 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 and “Special Limited Partner Unit Distribution Amounts” are hereby deleted in their entirety and replaced with the following:
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."
Redemption Factor means 1.0; provided, however, that in the event that: