Redemption Failure definition

Redemption Failure means a holder of Fund Interests would be unable to receive redemption payments in respect of such Fund Interests;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Redemption Failure means the redemption failure as specified in § 4 (2) of the Special Conditions.

Redemption Failure has the meaning set forth in Section A.6.b.ii of Article Fifth.

Examples of Redemption Failure in a sentence

• Within thirty (30) days (or such later date as is approved by the Transaction Committee) after a Redemption Failure, the Transaction Committee shall engage an investment bank with reasonable experience in selling companies in the Corporation’s industry and shall execute the engagement letter for such engagement on behalf of the Corporation.

• Notwithstanding anything herein to the contrary, a Redemption Failure (other than a violation of any Note which constitutes an Event of Default, as such term is defined in the Notes) does not constitute an Event of Default, as such term is defined in the Notes.

• If a Redemption Failure has occurred, then upon delivery of such Alle▇ ▇▇▇ice, Alle▇ ▇▇▇ll be obligated to buy or to cause his designee to buy and, subject to Section 8.3, the Holder and the Permitted Transferees identified in the Charter Notice and Alle▇ ▇▇▇ice shall be obligated to sell, the amount of the Put-Eligible Units held by the Holder and such Permitted Transferees, at the price and upon the terms and conditions specified in Section 4.3.

• The Issuers shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Redemption Failure.

• Within two Business Days following the occurrence of a Bank Redemption Failure, the Bank shall deliver to the Guarantor, with a copy to the Guarantee Trustee, written notice of such Bank Redemption Failure (the “Bank Redemption Failure Notice”).

• Prior to the Christmas recess, attainment of the goals and objectives “to date” will be evaluated in a conference between the administrator or supervisor and his or her immediate superior.

More Definitions of Redemption Failure

Redemption Failure is defined in Section 6.7.2.

Redemption Failure shall have the meaning assigned to such term in Section 2.2.

Redemption Failure has the meaning set forth in Section 2(d)(ii) hereof.

Redemption Failure means any failure by the Company to deliver the applicable Common Shares on or prior to the applicable Redemption Share Delivery Deadline, if such failure results from a Treasury Order Default (for greater certainty, a Redemption Failure shall not occur as a result of a Holder Delay).

Redemption Failure means the failure of the Corporation to redeem or repurchase within (i) 90 days of the Issue Date, shares of preferred stock of the Corporation having an aggregate redemption or repurchase price of $48,500,000 or (ii) 180 days after the Issue Date, shares of preferred stock of the Corporation having an aggregate redemption or repurchase price of $97,000,000 (including shares referred to in clause (i)).

Redemption Failure shall have the meaning assigned to such term in Section 4(d).