Redemption Share definition
Examples of Redemption Share in a sentence
Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the applicable Monthly Redemption Period until the date the Monthly Redemption Amount is paid in full shall be first applied to the principal amount subject to the Monthly Redemption Amount payable in cash and then to the Monthly Redemption Share Amount.
Upon the Company's receipt of such notice, (x) the applicable Redemption Notice shall be null and void with respect to such Redemption Share Amount, (y) the Company shall immediately return this Warrant, or issue a new Warrant to the Holder representing the portion of this Warrant that was submitted for redemption.
The REIT shall at all times take all such action as may be required to authorize and reserve for issuance all of the Redemption Shares and shall take all such action as may be required to issue and deliver the Redemption Shares to the Acquiror at such time or times and in such manner as may be reasonably required in order for the Acquiror to deliver the Redemption Share to the Contributor, its partners and their permitted transferees, as provided in the Acquiror's Second Amended Partnership Agreement.
Notwithstanding anything to the contrary, no Holder shall be entitled to exercise the Redemption Share Registration Rights or the Exchange Share Registration Rights (as applicable) if all of the Registrable Securities held by such Holder (or issuable upon redemption of the Units held by such Holder) are eligible for immediate sale pursuant to Rule 144(k) (or any successor provision) or in a single transaction pursuant to Rule 144(e) (or any successor provision) under the Securities Act.
Immediately upon the issuance of each Redemption Share, the Company shall issue to TIPIH a Class B Unit.
The Redemption Share Registration Rights and Exchange Share Registration Rights granted pursuant to this Section 2 may not be exercised in connection with any underwritten public offering by the REIT.
Notwithstanding the foregoing, if a Registration Statement has not been declared effective by the Commission within 120 days after the original filing date or is suspended for more than 60 days at any one time, the Holders shall not be deemed to have exercised its Redemption Share Registration Rights and/or Exchange Share Registration Rights under each of Section 2.1(a) and/or Section 2.1(b), as the case may be.
For purposes of this Agreement, the Holders (including all successors and assigns), in the aggregate and as a group, shall be limited to a total of not more than three exercises of the Redemption Share Registration Rights and/or the Exchange Share Registration Rights in any twelve month period.
Until the date of which each Redemption Share is redeemed, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
As of the Redemption Date, all Redemption Shares shall no longer be deemed outstanding and all rights with respect to such Redemption Shares shall cease and terminate, except only the right of the holders thereof to receive the Per Share Cash Consideration for each Redemption Share pursuant to and in accordance with the terms of the Redemption/Merger Agreement.