Redemption Restriction definition

Redemption Restriction. A restriction on the ability of the Partnership to redeem the Partnership Units as set forth in Section 9.1(A).
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Redemption Restriction. ’ means that (without the written consent of a majority in nominal value of, or the sanction of an extraordinary resolution passed at a separate general meeting of, the holders of the Preference Shares) for a one year period commencing on the Relevant Dividend Payment Date:
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Redemption Restriction means (i) that the Corporation is in default with respect to any senior indebtedness, or (ii) that, as determined by the Corporation in good faith, honoring a redemption right would cause a default with respect to any senior indebtedness, violate any law, rule, regulation, or order of any government authority applicable to the Corporation or its Subsidiaries or cause the Corporation or any of its Subsidiaries to be insolvent.
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Examples of Redemption Restriction in a sentence

  • If any dividend on the Preference Shares is not paid on a Dividend Payment Date (the ‘‘Relevant Dividend Payment Date’’) (or a sum is not set aside to provide for its payment), the Dividend Restriction and Redemption Restriction shall apply.

  • If any dividend on the Preference Shares is not paid in full on a Dividend Payment Date (the ‘‘Relevant Dividend Payment Date’’) (or a sum is not set aside to provide for its payment in full), the Dividend Restriction and Redemption Restriction shall apply.

  • The redemption restriction described in this paragraph is referred to as the "Permission Withdrawal Early Redemption Restriction".

  • The Vistana Redemption Restriction and the MVW Redemption Restriction (along with the parties’ respective obligations under Section 3.02 of the Program Affiliation Side Letter) are hereby terminated.

  • Contrary to CPZ’s contention, we did not base our determination only on whether the unfinished TRB component imported into a third country and the finished TRB exported to the United States are of the same “class or kind” of merchandise.

  • The Redemption Obligation (or the obligation to provide Notice of an applicable Redemption Restriction, if one exists) shall mature on the date which is seven (7) business days after the receipt by the General Partner of a Redemption Notice from the Redeeming Party (the "Redemption Date").

  • The General Partner shall not take, or cause to be taken, any action which would cause a Redemption Restriction to exist or continue.

  • If Call Option is specified as applicable in the relevant Final Terms, the Issuer may (subject to Condition 7(i)), on giving not less than 15 nor more than 30 days’ notice in accordance with Condition 19 (which notice shall be irrevocable, subject to the Permission Withdrawal Early Redemption Restriction) (or such other notice period as may be specified in the relevant Final Terms) redeem the Notes in whole or, if so specified in the relevant Final Terms, in part on any Optional Redemption Date.

  • Upon receipt of a Redemption Notice from a Redeeming Party, the General Partner shall either (i) cause the Partnership to redeem the Partnership Units tendered in the Redemption Notice, (ii) assume the Redemption Obligation, as set forth in Section 9.4, or (iii) provide written Notice to the Redeeming Party of each applicable Redemption Restriction.

  • Any such redemption shall otherwise be governed by and effected and implemented pursuant to this Article IX as if no Redemption Restriction existed.


More Definitions of Redemption Restriction

Redemption Restriction means, in respect of a redemption or repurchase otherwise required pursuant to the terms of Section 3.02 or Section 3.05, a restriction on such redemption or repurchase contained in any instrument evidencing any Indebtedness of the Company or any of its Subsidiaries or under applicable law, other than Indebtedness owed by the Company to any of its Subsidiaries. For purposes of Section 2.04, a requirement in the terms of any such instrument to apply any portion of the proceeds of an Asset Sale or debt or equity issuance to any other Indebtedness of the Company or any of its Subsidiaries to the extent reducing Net Cash Proceeds from such sale or issuance pursuant to clause (iv) of the definition of Net Cash Proceeds shall be deemed to be a restriction on payment of such amount as a redemption or repurchase under Section 3.02 or Section 3.05 under the terms of an instrument evidencing Indebtedness of the Company or any of its Subsidiaries. If Net Cash Proceeds in connection with any Asset Sale include any Cash Equivalents included therein by virtue of the last sentence of the definition of Cash Equivalents ("Non-Cash Proceeds") then to the extent the Net Cash Proceeds of such Asset Sale other than Non-Cash Proceeds are less than the Take-Out Proceeds from such Asset Sale, the amount of such deficiency shall be treated as a payment subject to a Redemption Restriction for purposes of Section 2.04 unless the amount of such deficiency is applied by the Company to prepay the Notes.
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Redemption Restriction. A restriction on the ability of the ---------------------- Partnership to redeem the Partnership Units if, in the opinion of counsel for the General Partner, such exchange would more likely than not (i) affect the Redemption Rights (defined herein), (ii) adversely affect the Limited Partners' rights to receive cash distributions, (iii) alter the Operating Partnership's allocations of income or loss, or (iv) impose on the Limited Partners any obligations to make additional contributions to the capital of the Operating Partnership.
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Related to Redemption Restriction

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

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

  • Redemption Right has the meaning provided in Section 8.5(a) 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 150% of the outstanding principal amount of the Secured Obligations plus the Qualified Cash A/P Amount.

  • 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.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Payment Restriction shall have the meaning set forth in Section 6.1.

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

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

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • SEC Restrictions has the meaning set forth in Section 2(b).

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

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

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Special Redemption Date has the meaning set forth in Section 10.2.

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

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

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

  • Company Restricted Shares means shares of Company Common Stock granted under a Company Equity Plan, or issued upon “early exercise” of an option granted under a Company Equity Plan, that remain subject to one or more unsatisfied vesting or vesting-equivalent forfeiture or repurchase conditions.

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Transfer Restricted Securities means securities that bear or are required to bear the legend set forth in Section 2.06 hereof.

  • Redemption Agreement has the meaning set forth in the Recitals.

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

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • 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.