Redemption Obligation definition

Redemption Obligation means any unsatisfied obligation of the Corporation to redeem shares of Series A Preferred Stock pursuant to Sections 4(b) or 4(c) hereof.

Redemption Obligation means the contingent liability of any Consolidated Party with respect to cash redemption obligations relating to any Capital Stock issued by a Consolidated Party to any officer, director, shareholder or other principal of any Subsidiary created or acquired after the Closing Date.

Redemption Obligation means any obligation of the Corporation to redeem shares of Series A Preferred Stock pursuant to Section 4.

Examples of Redemption Obligation in a sentence

• Upon receipt of a Redemption Notice, the General Partner, in its sole and absolute discretion, shall have the right to assume the Redemption Obligation of the Partnership.

• Upon the satisfaction of the Redemption Obligation by the Partnership or the General Partner, as the case may be, the Redeeming Party shall have no further right to receive any Partnership distributions in respect of the Partnership Units so redeemed and shall be deemed to have represented to the Partnership and the General Partner that the Partnership Units tendered for redemption are not subject to any liens, claims or encumbrances.

• The Redemption Obligation (or the obligation to provide Notice of an applicable Redemption Restriction, if one exists) shall mature on the date which is seven (7) business days after the receipt by the General Partner of a Redemption Notice from the Redeeming Party (the "Redemption Date").

• Upon the General Partner's receipt of a Redemption Notice from a Redeeming Party, the Partnership shall be obligated (subject to the existence of any Redemption Restriction) to redeem the Partnership Units from such Redeeming Party (the "Redemption Obligation").

• The Redemption Obligation (or the obligation to provide Notice of an applicable Redemption Restriction, if one exists) shall mature on the date which is seven (7) business days after the receipt by the General Partner of a Redemption Notice from the Redeeming Party (the “Redemption Date”).

More Definitions of Redemption Obligation

Redemption Obligation means any outstanding and unsatisfied obligation of the Company to redeem all or any portion of any Note pursuant to Section 2.4(b) of such Note.

Redemption Obligation means the contingent liability of the Borrower or any of its Subsidiaries with respect to cash redemption obligations relating to any capital stock or other equity interests issued by the Borrower or any of its Subsidiaries to any officer, director, shareholder or other principal of any Subsidiary created or acquired after the Closing Date. "Regulation D, G, U, or X" means Regulation D, G, U or X, respectively, of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof.

Redemption Obligation means the obligation of the Partnership to redeem the Partnership Units as set forth in Section 9.1(A).

Redemption Obligation has the meaning set forth in the AMENDMENT (December 30, 2005).

Redemption Obligation means that certain obligation of the Company to repurchase Capital Stock of the Company pursuant to Section 6.05 of the ESOP.

Redemption Obligation and "Total Debt" shall be amended from time to time to conform to the meanings ascribed to such terms in the New Credit Facility or, if the New Credit Facility shall no longer exist, the meanings ascribed to such terms in the New Credit Facility immediately prior to its termination, unless otherwise agreed by the parties hereto; provided that the definition of "Total Debt" shall continue to include the exclusion contained in clause (B) in the parenthetical contained in clause (v) of such definition.

Redemption Obligation shall have the meaning specified in the recitals of this Agreement.