Examples of Redemption Trigger Date in a sentence
Within a period of 15 (Fifteen) days from the Redemption Trigger Date (“Subscription Shares Exit Period”), the Company and the Founders will use their commercially reasonable best-efforts to undergo a Next Financing Round and provide KAS an exit option with respect to its Subscription Shares in the form of redemption of the Subscription Shares against the payment of Redemption Amount as mentioned in Clause 8.1, within 30 (Thirty) Business Days of the completion of Next Financing Round by the Company.
Pending the Deferred Redemption Date, the Company will deliver to the Class II Unitholder within fifteen (15) Business Days of the Deferred Redemption Trigger Date a letter of credit from Shiseido’s principal lenders or from any other lender reasonably selected by Shiseido securing the payment of the Deferred Redemption Price for each outstanding Class II Unit.
So long as the Accelerated Redemption Trigger Date, the CCC Redemption Trigger Date or the Optional Redemption Trigger Date have not occurred, if Xxxxxx X.
Each such Redemption Calculation Notice relating to a CCC Redemption, Optional Redemption or Accelerated Redemption shall include the Company’s calculation of the relevant Pro-Rated EBITDA and the Pro-Rated EBITDA A applicable to such CCC Redemption Trigger Date, Optional Redemption Trigger Date or Accelerated Redemption Trigger Date, as applicable.
ADDITIONAL CONSIDERATION In the event if the Company is unable to pay Redemption Amount as provided in Clause 8 above, the Company and the Promoters shall agree that untill the Redemption Amount is paid, KAS is entitled to receive cash payment of 10 (Ten) percent of the Company’s total revenue each month after the expiry of Redemption Trigger Date and the Company shall pay such amount within 10 days from the end of respective month.