Redemption Failure definition

Redemption Failure means a holder of Fund Interests would be unable to receive redemption payments in respect of such Fund Interests;
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Redemption Failure means the redemption failure as specified in § 4 (2) of the Special Conditions.
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Redemption Failure has the meaning set forth in Section A.6.b.ii of Article Fifth.
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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.

  • If at any time prior to the first anniversary of the Initial Closing Date no Equity Conditions Failure or Price Redemption Failure exists, the Company shall have the right to redeem all, but not less than all, of the Conversion Amount then remaining under this Note (the “Company Optional Redemption Amount”) on the Company Optional Redemption Date (each as defined below) (a “Company Optional Redemption”).

  • In relation to a Credit Linked Note to which “Physical Redemption” applies, if a Redemption Failure Event occurs, the Credit Linked Note may be subject to alternative settlement and may, in certain circumstances, be redeemed without any payment or Delivery by the Bank.

  • For so long as a Redemption Failure shall continue, the holders of a majority of the shares of Class A Preferred Stock voting separately as a class at any meeting at which a majority of the shares of Class A Preferred Stock are present shall be entitled to elect two Class A Directors and all of the remaining directors shall be Common Directors.

  • 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.

  • In the event that the requested work will benefit all or most collocators, such work shall not be considered custom work; instead, AT&T-13STATE shall file the appropriate interconnection agreement amendment.

  • A separate report from City Planning was submitted to the June 7th meeting of Planning and Growth Management Committee.

  • Upon the failure of the Company to redeem the outstanding shares of Class A Preferred Stock pursuant to the terms of subsection (vi)(a) (a "Redemption Failure"), the number of directors shall be automatically increased by two members of the board, who shall be designated "Class A Directors".

  • For the avoidance of doubt, if either (i) both a Redemption Failure and one or more Events of Noncompliance occur and are continuing or (ii) more than one Event of Noncompliance occur and are continuing, the Prevailing Dividend Rate shall only be increased, in the aggregate, by 2.00% per annum and an additional 1.00% each six months thereafter.

  • Subject to the exceptions described --------------------------- below, no holder of Preferred Shares shall have the right on any day during the period beginning on and including the Issuance Date and ending on and including the Redemption Failure Date (as defined below) to convert a Preferred Share on such date (unless this restriction is waived in writing by the Corporation).


More Definitions of Redemption Failure

Redemption Failure is defined in Section 6.7.2.
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Redemption Failure shall have the meaning assigned to such term in Section 2.2.
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Redemption Failure has the meaning set forth in Section 2(d)(ii) hereof.
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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).
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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)).
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Redemption Failure shall have the meaning assigned to such term in Section 4(d).
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Related to Redemption Failure

  • Redemption Premium means 125%.

  • Volume Failure means, with respect to a particular date of determination, the aggregate daily dollar trading volume (as reported on Bloomberg) of the Common Stock on the Principal Market on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Volume Failure Measuring Period”), is less than $2,000,000 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Volume Failure Measuring Period.

  • Equity Conditions Failure means that on any applicable date the Equity Conditions have not been satisfied (or waived in writing by the Holder).

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Redemption Period means the period from, and including, the relevant Redemption Notice Date until the close of business on the second Scheduled Trading Day immediately preceding the related Redemption Date.

  • Make-Whole Redemption Amount means the sum of: