Redemption Trigger Price definition

Redemption Trigger Price means US$18.00 (subject to adjustment pursuant to clause 7.4);
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Redemption Trigger Price is initially $5.00, subject to adjustment concurrently with any adjustment to the Basic Warrant Exercise Rate. The adjusted Redemption Trigger Price shall be equal the product (rounded to the nearest whole multiple of $0.0001 (with $0.00005 being rounded upwards)) of (i) the Redemption Trigger Price applicable immediately prior to such adjustment and (ii) a fraction, the numerator of which is the Basic Warrant Exercise Rate in effect immediately prior to such adjustment and the denominator of which is the Basic Warrant Exercise Rate as so adjusted, all as determined by the Calculation Agent.
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Redemption Trigger Price means equal to or greater than $18.00 (subject to adjustment pursuant to Clause 7.4);
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Examples of Redemption Trigger Price in a sentence

  • The Warrant Agreement provides that, upon the occurrence of certain events, the Warrant Price, the Redemption Trigger Price (defined below) and the number of Warrant Shares purchasable hereunder, set forth on the face hereof, may be adjusted, subject to certain conditions.

  • In addition, in the event the Warrant Price is adjusted as provided above, the Redemption Trigger Price set forth in Section 6.1 hereof will be adjusted (to the nearest cent) to the Adjusted Warrant Exercise Price plus $6.50 (such adjusted Redemption Trigger Price, the “New Redemption Trigger Price”).

  • No adjustment in each of the Conversion Price or the Redemption Trigger Price is required if the amount of such adjustment would be less than $0.01; provided, however, that any adjustments which by reason of this Section 7(c)(vi) are not required to be made will be carried forward and given effect in any subsequent adjustment.

  • Such notice shall also set forth the facts with respect thereto as shall be reasonably necessary to indicate the effect on the Conversion Price and/or the Redemption Trigger Price and the number, kind or class of shares or other securities or property which shall be deliverable upon conversion or redemption of the Series B Preferred Stock.

  • Successive adjustments in each of the Conversion Price and the Redemption Trigger Price shall be made, without duplication, whenever any event specified in Section 7(c)(i), (ii), (iii), (iv), (vi) or (vii) shall occur.

  • In the event that such dividend or distribution is not so made, the Conversion Price and Redemption Trigger Price then in effect shall be readjusted, effective as of the date when the Board of Directors determines not to distribute such shares, evidences of indebtedness, assets, rights or warrants, as the case may be, to the Conversion Price and Redemption Trigger Price that would then be in effect if such record date had not been fixed.

  • The Optional Redemption Response shall state whether the Corporation intends to redeem such Holder's Preferred Shares in the event that such Holder submits a Conversion Notice during the period of five (5) Business Days following the Business Day on which the Company delivers an Optional Redemption Response to such Holder (the "Optional Redemption Period") with a Conversion Price that is less than the Optional Redemption Trigger Price.

  • At its sole option, the Company may elect to redeem, the Warrants at any time following the last day of the first 30 consecutive Trading Day period in which the daily VWAPs Common Stock has been at least equal to the then applicable Redemption Trigger Price for at least 20 Trading Days (whether or not consecutive) (the “Redemption Price Condition”).

  • Following the determination by the board of directors, the Combined Company shall provide prompt public notice of the Adjusted Warrant Exercise Price and the New Redemption Trigger Price when and as determined.

  • The Warrant Price, Redemption Price, Redemption Trigger Price and the number of shares of Warrant Stock that may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 5.


More Definitions of Redemption Trigger Price

Redemption Trigger Price means $15.00, subject to adjustment as provided in Section 7(c).
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Redemption Trigger Price means $18 (subject to adjustment pursuant to Clause 7.5);
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Redemption Trigger Price means a price per share of Common Stock equal to $10.00 (such price to be equitably adjusted from time to time on terms reasonably acceptable to the Holder for stock splits, stock dividends, combinations, capital reorganizations and similar events relating to the Common Stock occurring after the Issuance Date).
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Redemption Trigger Price means one dollar ($1.00), provided that the Redemption Trigger Price shall be subject to adjustment in accordance with Section 5 hereof.
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Related to Redemption Trigger Price

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

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Early Redemption Factor (k) means the "Early Redemption Factor (k)" as specified in § 1 of the Product and Underlying Data.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

  • Early Preference Share Redemption Event means the event that occurs if:

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Tax Event Redemption means, if a Tax Event shall occur and be continuing, the redemption of the Notes, at the option of the Company, in whole but not in part, on not less than 30 days nor more than 60 days' written notice.

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

  • Gross Redemption Yield means a yield calculated in accordance with generally accepted market practice at such time, as advised to the Trustee by the Financial Adviser.

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Automatic Early Redemption Event means that:

  • Tax Redemption Date means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed for such Tax Redemption pursuant to this Indenture.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Redemption/Distribution Notice has the meaning set forth in paragraph 4(e) of Annex I.