Redemption Limitation definition

Redemption Limitation means an aggregate of 15% of the Class A restricted voting shares issued and outstanding immediately following the closing of the IPO (including, if applicable, following the closing of the IPO over-allotment option granted by the Company to the underwriter);
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Redemption Limitation has the meaning specified in Section 7(a).
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Redemption Limitation means, collectively, the (a) the limitation that Chavant would not redeem the Public Shares to the extent that such redemption would cause Chavant’s net tangible assets to be less than $5,000,001 and (b) the limitation that Chavant would not consummate a business combination unless Chavant has net tangible assets of at least $5,000,001 immediately prior to, or upon consummation of, or any greater net tangible asset or cash requirement that may be contained in the agreement relating to, such business combination, which limitations in clauses (a) and (b) were removed from the Amended and Restated Articles of Association of Chavant in connection with the Third Extension.
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Examples of Redemption Limitation in a sentence

  • The Corporation’s ability to provide such opportunity is subject to the Redemption Limitation.

  • The Corporation’s ability to provide such opportunity and implement such an amendment is subject to the Redemption Limitation.

  • The Corporation shall give the Holder written notice as promptly as practical but not later than 3 Business Days after the date the Redemption Limitation Event is no longer occurring.

  • If the Corporation conducts a Tender Offer pursuant to this Section 5.6, the Corporation shall consummate the proposed initial Business Combination only if the Redemption Limitation is not exceeded.

  • The Company’s ability to provide such redemption in this Article is subject to the Redemption Limitation.

  • If the Corporation engages in a Proxy Solicitation in connection with any proposed initial Business Combination, the Corporation will consummate such initial Business Combination only if (a) a majority of the then outstanding shares of Common Stock present and entitled to vote at the meeting to approve the initial Business Combination are voted for the approval of such initial Business Combination, and (b) the Redemption Limitation is not exceeded.

  • On or after June 1, 2025 and prior to the 26th Scheduled Trading Day immediately preceding the Maturity Date, the Company may, at its option, redeem (an “Optional Redemption”) for cash all or any portion of the Notes (subject to the Partial Redemption Limitation set forth in Section 16.02(d)), at the Redemption Price.

  • No such amendment may be made to Section 9.2(d) if the redemption of Offering Shares provided pursuant to this Section 9.7 would result in the Corporation having net tangible assets of less than the Redemption Limitation.

  • If Registrable Shares are eligible to be sold pursuant to a registration statement filed hereunder notwithstanding the Redemption Limitation, the Company shall facilitate such sale by acquiring the underlying OP Units and exchanging such OP Units for shares of Common Stock pursuant to Section 7(b) hereof.

  • No such amendment may be effectuated if the Redemption Limitation would be exceeded upon approval of such amendment.


More Definitions of Redemption Limitation

Redemption Limitation has the meaning given to such term in Section 9.2(a) of Parent’s Amended and Restated Certificate of Incorporation.
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Redemption Limitation means, collectively, the (a) the limitation that Chavant would not redeem the Public Shares to the extent that such redemption would cause Chavant’s net tangible assets to be less than
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Redemption Limitation means any limitation imposed by the terms of any indebtedness of Holdings or any of its Subsidiaries on the payment of dividends in cash or the redemption of warrants or options to purchase common stock issued by Holdings, generally (including, without limitation, any such limitation on (i) Restricted Payments (as defined in the Indenture dated as of January 3, 1997 between Xxxxxxx & Xxxxx, Inc., the subsidiaries of Xxxxxxx & Xxxxx, Inc. named therein as guarantors and IBJ Xxxxxxxx Bank and Trust Company) or (ii) such payments as set forth in the Financing and Security Agreement dated January 3, 1997 among Holdings, certain of its subsidiaries and NationsBank N. A.). Holdings shall not, and shall not permit its Subsidiaries to agree to or become subject to any restriction on the redemption of the Warrants that is more onerous or strict than any restriction generally applicable to the payment of cash dividends by Holdings or to the redemption of options or warrants issued by Holdings to purchase equity securities issued by Holdings.
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Redemption Limitation has the meaning set forth in Section 5.2 hereof.
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Redemption Limitation means the failure to have net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act or any successor rule) in excess of $5 million.
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Related to Redemption Limitation

  • Redemption Limit means the sum of the Maximum Daily Redemption Limits applicable to the LS Margin Account Agreement relating to the ETP Securities.

  • Early Redemption Factor (k) means the "Early Redemption Factor (k)" as specified in § 1 of the Product and Underlying Data.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Maximum Daily Redemption Limit means a maximum limit (if applicable) on the redemption number of ETP Securities of a Series on any Optional Redemption Pricing Date, as may be amended by the Margin Loan Provider from time to time in accordance with the terms of the LS Margin Account Agreement and the LS Operating Procedures Agreement.

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Redemption Call Purchase Price has the meaning set out in Section 5.2(a).

  • Make-whole Redemption Rate means the sum, as calculated by the Make-whole Calculation Agent, of the Benchmark Rate and the Make-whole Margin.

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Automatic Early Redemption Date means each Automatic Early Redemption Date specified in the relevant Final Terms.

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Special Redemption Date has the meaning set forth in Section 10.2.

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Redemption Dates means, collectively, the Event of Default Redemption Dates, and the Optional Redemption Dates, each of the foregoing, individually, a Redemption Date.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.