Redemption Penalty definition

Redemption Penalty means, in respect of Class AF Shares, Class AAF Shares and Class AAAF Shares, the unamortised balance of the Sales Charge as described in this Offering Memorandum.
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Redemption Penalty means a contingent redemption fee to the benefit of a particular
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Redemption Penalty means the penalty payable on redemption prior to the Maturity Date of the Notes and will be equal to a percentage of the Face Value being redeemed, with such percentage being determined as follows: Early Redemption Date on or afterEarly Redemption Date on or prior toRedemption Penalty (as a percentage of the Face Value)
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Examples of Redemption Penalty in a sentence

  • The Department shall either destroy the cigarettes seized or may permit the Wholesale Tobacco Dealer from whom the said cigarettes were seized, to redeem the cigarettes and/or any vending machine or receptacle seized therewith, by the payment of a Redemption Penalty equal to 100 percent of the tax due, and including the cost incurred in such proceeding.

  • The Company shall pay the Accreted Principal Amount (including any accrued and unpaid interest) and any Mandatory Redemption Penalty and Change of Control Amount of the Note without any deduction for any setoff or counterclaim.

  • The applicable percentage of the redeemed Share’s Subscription Price is initially 5% and declines to 0% over the sixty (60) month period from the relevant Dealing Day as shown in the table below: Number of months after theDealing DayPercentage of SubscriptionPrice0-125%13-244%25-363%37-482%49-601%61+0% The Redemption Penalty is retained by the Fund and will be applied to repay the unamortised balance of the Sales Charge.

  • If the Directors have, in their sole discretion, amended the percentage of the Sales Charge payable and the term for payment, then the percentage of the redeemed Share's Subscription Price and number of months after the relevant Dealing Day that apply to the calculation of the Redemption Penalty will be amended accordingly.

  • A Redemption Penalty will usually take the form of a number of extra month’s interest (usually 6 months) being payable on the above- mentioned events.

  • Early Redemption Penalty If a Convertible Note is redeemed before the Maturity Date, the Company will issue to the Noteholder one Option for each Convertible Note redeemed.

  • The Sub-Fund has no lock-up period however Shareholders will be subject to an Early Redemption Penalty if they redeem their Shares within 120 days of their investment as detailed below in Section 15 under the sub-section headed “Redemption Fee”.

  • Shares are not freely transferable and although Shareholders may generally redeem Shares daily such redemptions may be subject to suspensions.In addition, a Class AF, AAF and AAAF Share will be subject to a Redemption Penalty if such Share is redeemed within sixty (60) months of its Dealing Day.

  • The Redemption Price will be an amount equal to the Net Asset Value per Share of the relevant Class calculated as of the Valuation Day less any Redemption Penalty (as described below).Payment of the Redemption Price (subject to any permitted retentions, deductions or contingencies) will be made as soon as possible and in any event will be made no later than ten (10) days after the relevant Dealing Day.

  • Otherwise, the entire participation shall be redeemedRecommended Investment Horizon : At least one (1) yearEarly Redemption Penalty : 1.50% p.a. of the amount redeemed if redemption is made during the first half of the minimum holding period; 1.0% p.a. of the amount redeemed if redemption is made during the second half of the minimum holding period or a flat amount of $25.00 whichever is higher.Redemption Notice Period : Subject to 1-day prior notice not later than 12.00 noon of notification date.


More Definitions of Redemption Penalty

Redemption Penalty means the penalty payable on redemption prior to the Maturity Date of the Notes and will be equal to a percentage of the Face Value being redeemed, with such percentage being determined as follows:
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Redemption Penalty means, in respect of Class B, E, BB, EE, BBB and EEE Shares, the unamortised balance of the Sales Charge as described in this Offering Memorandum.
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Related to Redemption Penalty

  • Redemption means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  • 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.

  • 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.

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

  • Redemption Fee means the fee applied by us for the return of funds to an IBAN Account holder, or Cardholder following a request for redemption by an IBAN Account holder Cardholder under this Agreement, as specified in the attached Fees & Limits Schedule;

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

  • 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;

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

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • 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%.

  • Redemption Payment Date As defined in Section 13.1.

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

  • Redemption Event has the meaning set forth in Section 3.4.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

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

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

  • 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.

  • Redemption Application means an application by a Participating Dealer for the redemption of Units in Application Unit size (or whole multiples thereof) in accordance with the Operating Guidelines and the Trust Deed.

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

  • Redemption Fund means the Redemption Fund for Refunded Notes created pursuant to Section 501 hereof.

  • 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;

  • 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.

  • Tax Redemption Date means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed for such Tax Redemption pursuant to this Indenture.

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

  • Redemption Form means a standardized form prescribed by the Management Company to be duly filled by the investor to redeem Units and will be stated in this Offering Document.