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

  • Proceeds of a Redemption Order shall consist of Redemption Property, less any applicable Cash Amount.

  • The Company will not be required to incur any expense or liability with respect to such debt unless and only to the extent that such expense is paid by the Redeeming Member(s) or taken into account in calculating the net fair value of the In-Kind Redemption Property.

  • If the net fair value of an In-Kind Redemption Property exceeds the aggregate value of the Class A Common Units that are the subject of the Notice of Redemption, such excess will be paid in cash to the Company by the Redeeming Member(s) at the closing of the redemption.

  • The Company shall assign to the Redeeming Member(s) any and all rights, if any, that it has with respect to an In-Kind Redemption Property pursuant to the contract for the acquisition of such In-Kind Redemption Property.

  • Equity Index Linked Redemption] [Equity Linked Redemption][Dual Currency Redemption] [Inflation Linked Redemption] [Commodity Linked Redemption] [Currency Linked Redemption] [Fund Linked Redemption] [Property Linked Redemption] [Credit Linked Redemption] [Partly Paid][Instalment] [specify other](further particulars specified below) (N.B. If the Final Redemption Amount is other than 100 per cent.

  • The “net fair value” of the In-Kind Redemption Property shall be the price the Company pays for such In-Kind Redemption Property, plus costs described in Paragraphs 15(i)(D) and 15(ii)(E) of this Exhibit A not paid by the Member(s) less the proceeds of any debt incurred to acquire such In-Kind Redemption Property and assumed, directly or indirectly, by such Redeeming Member(s) in such redemption.

  • In particular, none of them will make any representations or warranties regarding the In-Kind Redemption Property so acquired, tax treatment, or otherwise, other than customary representations and warranties with respect to the periods during which the Company has owned the In-Kind Redemption Property.

  • 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.

  • 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.

  • Accordingly, we believe that 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.


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 Proceeds means any proceeds in any applicable currency from a redemption in respect of the Charged Assets in accordance with the terms and conditions of such Charged Assets.

  • 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 Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

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

  • Redemption Securities means any debt or equity securities of the Corporation, any Subsidiary or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to paragraph (d) of this Section 5, at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section 5 (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).

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

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

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

  • 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.

  • Redemption Value means, in respect of a Unit, the price per Unit at which such Unit is redeemed, calculated in accordance with the Trust Deed.

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

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

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • 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 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%.

  • 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.

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Redemption Time means the time at which the right to exercise the Rights shall terminate pursuant to Section 5.1 hereof.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

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

  • Redemption Payment Date As defined in Section 13.1.