Redemption Provision definition

Redemption Provision means 3% of the Current Unit Value or such other amount as may from time to time be determined in writing by the Manager, in respect of or as an allowance for costs and disbursements, commissions, expenses, legal fees, brokerage, stamp duty, taxes and other costs that may be incurred or expected to be incurred in connection with the realisation and conversion into cash of the Investments;
Sample 1Sample 2Sample 3
Redemption Provision means the amount (if any) determined by the Manager in respect of, or as an allowance for, costs and disbursements, commissions, expenses, legal fees, brokerage, stamp duty, Taxes and other costs that may be incurred or are expected to be incurred by the Manager or its Associates in connection with:
Sample 1
Redemption Provision means the amount (if any) determined by the Responsible Entity in respect of, or as an allowance for, costs and disbursements, commissions, expenses, legal fees, brokerage, stamp duty, Taxes and other costs that may be incurred or are expected to be incurred by the Responsible Entity or its Affiliates in connection with:
Sample 1

Examples of Redemption Provision in a sentence

  • The Redemption Provision obligates ThoughtWorks to redeem the Preferred Stock only to the extent it has funds legally available.

  • Guarantor: Chubb Limited Size: Trade Date: Maturity Date: Coupon (Interest Rate): Yield to Maturity: Spread to Benchmark Treasury: Benchmark Treasury: Benchmark Government Treasury and Yield: Interest Payment Dates: Redemption Provision: Price to Public: Settlement Date: Underwriters: CUSIP/ISIN: The following opinion statements are issued subject to the respective assumptions and qualifications in the opinion letter.

  • The Company hereby (a) agrees that except as expressly provided in Sections 1 and 2 hereof, nothing in this Agreement shall constitute a waiver by the Holders of any Triggering Event or Equity Condition Failure which may be continuing on the date hereof or may occur after the date hereof and (b) affirms that the Company's obligation to comply with the Mandatory Redemption Provision arises upon the last day of the Extension Period, with respect to all then outstanding shares of the Series A Preferred Stock.

  • Guarantor: ACE Limited Size: Maturity: Coupon (Interest Rate): Yield to Maturity: Spread to Benchmark Treasury: Benchmark Treasury: Benchmark Treasury Price and Yield: Interest Payment Dates: Redemption Provision: Price to Public: Settlement Date: The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.

  • Failure to redeem the Notes when required pursuant to the Special Redemption Provision, will constitute an Event of Default with respect to the Notes.

  • Redemption Provision Normally, a general redemption provision states that this right is at discretion of the issuer, often at a premium price.

  • Redemption Provision: Redeemable, at the Issuer’s option, in whole or in part at any time or from time to time on or after January 30, 2016 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the redemption date.

  • In addition, the Convertible Bonds have the Early Redemption Provision, and the Convertible Bonds that are not acquired by the Tender Offer and are not converted into the Target Company Common Shares are scheduled to be redeemed after the Tender Offer at a par value or more in accordance with the Early Redemption Provision.

  • The obligation to redeem the Notes pursuant to the Special Redemption Provision may not be waived or modified without the written consent of each Holder.

  • The obligation to redeem the Notes pursuant to the Special Redemption Provision may not be waived or modified without the written consent of each holder of Notes.


More Definitions of Redemption Provision

Redemption Provision. If Company receives a conversion notice with conversion price less than the Fixed Strike Price, Company may redeem securities served for conversion in cash at a price equivalent to the return expected from conversion into stock or 15% interest, plus any accrued dividends. Redemption may be in whole or in part. Placement Fees: Company shall pay to Pacific Continental Securities Corp. (placement agent) a fee equal to 6% of the total proceeds raised in cash and 200,000 five-year warrants exercisable at 125% of the average closing market price for 15 days prior to closing per traunch.
Sample 1
Redemption Provision. None Repayment Provision: None Specified Currency: U.S. Dollars Authorized Denominations: $1,000 and integral multiples thereof Standoff Term: Between date hereof and settlement date All the provisions contained in the Distribution Agreement, dated October 20, 1997 (the "Distribution Agreement"), among the Operating Partnership and Merrxxx Xxxcx & Xo., Merrxxx Xxxch, Pierce, Fennxx & Xmitx Xxxorporated, Lehmxx Xxxthers Inc. and J.P. Xxxxxx Xxxurities, Inc., attached hereto as Annex A, are hereby incorporated by reference in their entirety herein and shall be deemed to be a part of this Terms Agreement to the same extent as if such provisions had been set forth in full herein. The Operating Partnership agrees that, with respect to the Notes, each of the Underwriters shall be entitled to the benefit of the representations and warranties, agreements and indemnities (including contribution) by the Operating Partnership in favor of the Agents set forth in the Distribution Agreement to the same extent as if each of the Underwriters were a named Agent thereunder. The Underwriters agree that, with respect to the Notes, each of the Underwriters shall be bound by the obligations of the Agents set forth in the Distribution Agreement to the same extent as if each of the Underwriters were a named Agent thereunder. The Operating Partnership further agrees that the indemnification obligations of the Underwriters and Agents pursuant to Section 9(b) of the Distribution Agreement shall be several and not joint. Terms defined in the Distribution Agreement are used herein as therein defined. Bear Steaxxx & Xo. Inc., Deutsche Bank Securities Inc. and Jackxxx Xxxurities, Inc. hereby agree that they do not require, and are not entitled to, delivery by the Operating Partnership of any legal opinions of counsel, accountant's letter or officers' certificate or other documents other than those delivered to them on the Settlement Date in connection with the Notes pursuant to Sections 8(b), 8(c) and 8(d) of the Distribution Agreement. The following documents will be required on the Settlement Date (as defined above):
Sample 1

Related to Redemption Provision

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

  • 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 Agreement has the meaning set forth in the Recitals.

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

  • Redemption Basket means 100,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

  • Redemption Rescission Event means the occurrence of (a) any general suspension of trading in, or limitation on prices for, securities on the principal national securities exchange on which shares of Common Stock or Marketable Securities are registered and listed for trading (or, if shares of Common Stock or Marketable Securities are not registered and listed for trading on any such exchange, in the over-the-counter market) for more than six-and-one-half (6-1/2) consecutive trading hours, (b) any decline in either the Dow Xxxxx Industrial Average or the S&P 500 Index (or any successor index published by Dow Xxxxx & Company, Inc. or S&P) by either (i) an amount in excess of 10%, measured from the close of business on any Trading Day to the close of business on the next succeeding Trading Day during the period commencing on the Trading Day preceding the day notice of any redemption of Securities is given (or, if such notice is given after the close of business on a Trading Day, commencing on such Trading Day) and ending at the time and date fixed for redemption in such notice or (ii) an amount in excess of 15% (or if the time and date fixed for redemption is more than 15 days following the date on which such notice of redemption is given, 20%), measured from the close of business on the Trading Day preceding the day notice of such redemption is given (or, if such notice is given after the close of business on a Trading Day, from such Trading Day) to the close of business on any Trading Day at or prior to the time and date fixed for redemption, (c) a declaration of a banking moratorium or any suspension of payments in respect of banks by Federal or state authorities in the United States or (d) the occurrence of an act of terrorism or commencement of a war or armed hostilities or other national or international calamity directly or indirectly involving the United States which in the reasonable judgment of the Company could have a material adverse effect on the market for the Common Stock or Marketable Securities.

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

  • 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.

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

  • 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;

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • 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.

  • 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 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 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.

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

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

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

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

  • 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;

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

  • 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 Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • 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.