Redemption Property definition

Redemption Property means property, and, if applicable, a Cash Component, which, in compliance with the provisions of the Trust Agreement, must be transferred by the Trust to the Authorized Participant, its Agent or the Authorized Participant Client in exchange for Shares.
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Redemption Property shall have the meaning set forth in Section 3.2(c) hereof.
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Redemption Property has the meaning ascribed to such term in Section 2.1.
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Examples of Redemption Property in a sentence

  • USB Fund's basis for the interest it receives in LMB Portfolio will be the same as the basis it had in the Redemption Property at the time of Neuberger & Berman Income Funds Neuberger & Berman Income Trust Income Managers Trust February 19, 1998 Page 9 the contribution of the Redemption Property to LMB Portfolio; and LMB Portfolio's basis for the Redemption Property will be the same as the basis thereof in USB Fund's hands at the time of the contribution (sections 722 and 723); 5.

  • The Company will report the distribution of any In-Kind Redemption Property as a distribution of property to the Redeeming Member(s).

  • Accordingly, we believe that USB Fund's basis for the interest it receives in LMB Portfolio will be the same as the basis it had in the Redemption Property at the time of the contribution of the Redemption Property to LMB Portfolio.

  • Accordingly, we believe that LMB Portfolio's basis for the Redemption Property will be the same as the basis thereof in USB Fund's hands at the time of the contribution of the Redemption Property to LMB Portfolio.

  • No gain or loss will be recognized to USB Fund or LMB Portfolio on the contribution of the Redemption Property by USB Fund to LMB Portfolio in exchange for an interest in LMB Portfolio (section 721(a)); 4.

  • If the ROFO (RM) Parties so elects to amend this Agreement, the Redemption Property Value shall be accordingly adjusted by the fair market value of the Substituted Redemption Property, and the parties shall enter into an amendment to this Agreement confirming the substitution of the Substituted Redemption Property as the Redemption Property and the applicable adjustment of the Redemption Property Value.

  • Prior to making a proposal for the Company to acquire an In-Kind Redemption Property, the Redeeming Members shall fully negotiate a transaction (including price) with a prospective seller of such In-Kind Redemption Property and with all lenders, if any, and then the Company shall use commercially reasonable efforts to consummate such transaction in accordance with its terms, subject to the Company’s consent right and the other provisions set forth in this Paragraph 15.

  • Further, if the Managing Member determines in good faith that the projected cash on cash return of any proposed In-Kind Redemption Property in the period prior to the date the Put would be exercisable is less than fifteen percent (15%) on an annual basis, the amount of such projected deficiency may in the Managing Member’s sole discretion be added to the calculation of net fair value of such In-Kind Redemption Property.

  • No gain or loss will be recognized to USB Fund or USB Portfolio on the distribution of the Redemption Property by USB Portfolio to USB Fund (sections 731(a) and (b)); 2.

  • As of the Effective Time, (1) USB Fund will redeem (I.E., completely withdraw) its interest in USB Portfolio and will receive in payment therefor a distribution in kind of its share of USB Portfolio's net assets ("Redemption Property") and (2) USB Fund will contribute the Redemption Property to LMB Portfolio in exchange for an interest therein.


More Definitions of Redemption Property

Redemption Property shall have the meaning set forth in Section 2.E(i)(d)(I) hereof. "Series D-13 Effective Date" shall be the sooner of: (y) December 30, 2006 or (z) the first Unit Business Day following any period in which the Partnership has failed to make full distributions in respect of the Series D-13 Preferred Units for six (6) Distribution Periods, whether or not consecutive.
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Redemption Property. As defined in Section 2.5(b).
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Related to Redemption Property

  • 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.

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

  • Redemption Price when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture.

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

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.