Redemption Requirements definition

Redemption Requirements not redeem or, as the case may be, give notice of redemption to Noteholders of all or any part of a class or classes of Current Issuer Notes pursuant to Condition 5(D) (Optional Redemption in Full) or Condition 5

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Redemption Requirements has the meaning assigned to such term in Section 7(a)(1).

Redemption Requirements means, with respect to an applicable redemption, (1) the Company has sufficient funds in order to meet the BMA’s Enhanced Capital Requirement or the Company replaces the capital represented by the Series G Preference Shares to be redeemed with capital having equal or better capital treatment as the Series G Preference Shares under the Group Rules, and (2) the BMA approves of the redemption.

Examples of Redemption Requirements in a sentence

In the event that the General Partner deems that the Redemption Requirements have not been met, then the Sponsor Parties may only redeem their respective Partnership Unit Balances up to the lesser of (A) whichever is the lower pro rata basis within the Redemption Period provided to the General Partner’s common stockholders requesting redemption of REIT Shares under the SRP, or (B) an amount that causes the Minimum Liquidity Requirement to still be met.
Subject to the BMA Redemption Requirements, on or after the Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the redemption date.
In such event, the Company shall further notify the Trustee and the Holders not more than ten Business Days following the satisfaction of the BMA Redemption Requirements that the BMA Redemption Requirements have been satisfied and stating the new redemption date for the Senior Notes, which shall be no later than the 15th Business Day following the date the BMA Redemption Requirements were satisfied.
If at any time following the date of such written notice and prior to the stated repayment date the BMA Redemption Requirements are no longer satisfied, the above notice provisions shall again apply.
In such event, the Issuer shall further notify the Trustee and the Holders of the Junior Subordinated Notes in writing not more than 10 Business Days following the satisfaction of the BMA Redemption Requirements that such conditions have been satisfied and stating the new redemption date for the Junior Subordinated Notes, which shall be the 15th Business Day following the date such conditions were satisfied.
In such event, the Issuer shall further notify the Trustee and the Holders of the Notes not more than ten Business Days following the satisfaction of the BMA Redemption Requirements that the BMA Redemption Requirements have been satisfied and stating the new redemption date for the Notes, which shall be no later than the 15th Business Day following the date the BMA Redemption Requirements were satisfied.
Except as provided in Article X, no member of the Board of Managers shall have any fiduciary duties or other liability to any other member of the Board of Managers or to any other Member of the Company.
If at any time following the date of such written notice and prior to the new redemption date the BMA Redemption Requirements are no longer satisfied, the above notice provisions shall again apply.
Subject to the BMA Redemption Requirements, the Issuer may, at its option, redeem the Notes, in whole but not in part, at any time, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest, if any, on such Notes to, but excluding, such redemption date, after the occurrence of a Tax Event.
If the General Partner deems that the Redemption Requirements have not been met and there was no pro rata redemption under the SRP during the Redemption Period, the Sponsor Parties may only redeem an amount that causes the Minimum Liquidity Requirement to still be met.

More Definitions of Redemption Requirements

Redemption Requirements has the meaning provided in Section 8.5(a).

Redemption Requirements has the meaning specified in Section 7(c). (qq) “Relevant Date” has the meaning specified in Section 5(b)(i). (rr) “Relevant Taxing Jurisdiction” has the meaning specified in Section 7(e).

Redemption Requirements means any requirement, obligation or agreement of the Company to redeem or repurchase any shares of its outstanding capital stock.

Redemption Requirements has the meaning specified in Section 7(b). (nn) “Redemption Shares” means the Common Shares then issuable upon redemption of the Series B Preference Shares in accordance with the terms of Section 7. (oo) “Relevant Date” has the meaning specified in Section 5(b)(i). (pp) “Relevant Taxing Jurisdiction” has the meaning specified in Section 7(d). (qq) “Reset Date” means the First Reset Date and each date falling on the fifth anniversary of the preceding Reset Date, which in each case, will not be adjusted for Business Days. (rr) “Reset Dividend Determination Date” means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period. (ss) “Reset Period” means the period from, and including, the First Reset Date to, but excluding, the next following Reset Date and thereafter each period from, and including, each Reset Date to, but excluding, the next following Reset Date. (tt) “Senior Shares” means any class or series of shares of the Company that ranks senior to the Series B Preference Shares either as to the payment of dividends or as to the distribution of assets upon any liquidation, dissolution or winding-up of the Company. As of the Issue Date, there are no Senior Shares of the Company outstanding. (uu) “Series A Preference Shares” mean the Series A Preference Shares, with a par value of US $0.10 per share, issued on the Issue Date. (vv) “Series B Preference Shares” has the meaning specified in the preamble. (ww) “set aside” in the context of any payment, means, without any action other than the following, the recording by the Company in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of a dividend or other distribution by the Board of Directors, the allocation of the funds to be so paid on any 5

Redemption Requirements means (i) the Company has sufficient funds in order to meet the Enhanced Capital Requirement or (ii) the Company replaces the capital represented by Series J Preferred Shares to be redeemed with capital having equal or better capital treatment as the Series J Preferred Shares under the Applicable Supervisory Regulations.