Repurchase Offer Amount definition

Repurchase Offer Amount means the amount of common stock that is the subject of a repurchase offer, expressed as a percentage of such stock outstanding on the repurchase request deadline, that an investment company offers to repurchase in a re- purchase offer. The repurchase offer amount shall not be less than five per- cent nor more than twenty-five percent of the common stock outstanding on a repurchase request deadline. Before each repurchase offer, the repurchase offer amount for that repurchase offer shall be determined by the directors of the company.
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Repurchase Offer Amount has the meaning assigned to it in Section 5.2(c).
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Repurchase Offer Amount shall have the meaning specified in Section 4.14(d)(2).
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Examples of Repurchase Offer Amount in a sentence

  • If the Fund determines not to repurchase additional Shares beyond the Repurchase Offer Amount, or if shareholders tender an amount of Shares greater than that which the Fund is entitled to repurchase, the Fund will repurchase the Shares tendered on a pro rata basis.

  • If the Fund determines not to repurchase more than the Repurchase Offer Amount, or if shareholders tender Shares in an amount exceeding the Repurchase Offer Amount plus 2.00% of the outstanding Shares on the repurchase request deadline, the Fund will repurchase the Shares on a pro rata basis.

  • The Repurchase Offer Amount, however, will be no less than 5% of the total number of Shares outstanding on the Repurchase Request Deadline.

  • If a Fund determines not to repurchase additional Shares beyond the Repurchase Offer Amount, or if shareholders tender an amount of Shares greater than that which the Fund is entitled to repurchase, the Fund will repurchase the Shares tendered on a pro rata basis.

  • On such date, the Company shall also irrevocably deposit with the Trustee or with a paying agent (or, if the Company is acting as its own paying agent, segregate and hold in trust) in cash or Cash Equivalents, maturing on the last day prior to the Repurchase Date or on the Repurchase Date if funds are immediately available by opening of business, an amount equal to the Repurchase Offer Amount to be held for payment in accordance with the provisions of this Section 4.

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  • If the Fund determines not to repurchase more than the Repurchase Offer Amount, or if shareholders tender Shares in an amount exceeding the Repurchase Offer Amount plus 2.00% of the outstanding Shares on the Repurchase Request Deadline, the Fund will repurchase the Shares on a pro rata basis.

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  • If the Fund determines not to repurchase the additional 2%, or if shareholders tender shares in excess of the Repurchase Offer Amount plus the 2%, the Fund will repurchase shares tendered on a pro rata basis.

  • The Repurchase Offer Amount, however, will be not less than 5% nor more than 25% of the total number of Shares outstanding on the Repurchase Request Deadline.


More Definitions of Repurchase Offer Amount

Repurchase Offer Amount shall have the meaning as set forth in Section VII.3.
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Repurchase Offer Amount means, as of any date of determination, with respect to any Quarterly Share Repurchase, an amount equal to (a) the net asset value per share of the Borrower as of such date of determination multiplied by (b) the aggregate number of shares the Borrower shall offer to repurchase in connection with such Quarterly Share Repurchase.
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Repurchase Offer Amount means the number of shares for each share class that the Guarantor will offer to repurchase as determined by the Board of Trustees of the Guarantor, or a committee thereof, in its sole discretion, for a given Repurchase Request Deadline.
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Related to Repurchase Offer Amount

  • Asset Sale Offer Amount has the meaning assigned to it in Section 3.12(c).

  • Repurchase Offer shall have the meaning specified in Section 11.1(b).

  • Offer Amount has the meaning set forth in Section 4.12(e).

  • Net Proceeds Offer Amount has the meaning provided in Section 4.16.

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Purchase Offer shall have the meaning assigned to such term in Section 2.25(a).

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Net Proceeds Offer Payment Date has the meaning provided in Section 4.16.

  • Asset Sale Offer shall have the meaning specified in Section 4.13.

  • Principal Transfer Amount For any Distribution Date and any Undercollateralized Group, the excess, if any, of the aggregate Class Principal Balance of the Class A Certificates related to such Undercollateralized Group over the aggregate Stated Principal Balance of the Mortgage Loans in such Group.

  • Offer Period has the meaning given such term in Section 4.1.

  • Change of Control Offer has the meaning provided in Section 4.15.

  • Offer to Purchase means an offer to purchase Notes by the Company from the Holders commenced by mailing a notice to the Trustee and each Holder stating:

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Repurchase As defined in Section 2.03(a) of this Agreement.

  • Minimum Transfer Amount means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.

  • Accelerated Repurchase Date shall have the meaning specified in Section 14(b)(i) of this Agreement.

  • 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.

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Fundamental Change Repurchase Date shall have the meaning specified in Section 15.02(a).

  • Interest Transfer Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month's interest on the applicable Principal Transfer Amount at the weighted average Certificate Interest Rate of the applicable Undercollateralized Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Transfer Amount means, as of any Transfer Date, any of the Issuer Expenses Transfer Amount, the Taxation Expenses Transfer Amount, the Servicer Fee Transfer Amount, the Reserve LC Expenses Transfer Amount, any Debt Service Reserve Account Transfer Amount, any Series Senior Interest Transfer Amount for any Series of Securities, any Series Senior Scheduled Principal Transfer Amount for any Series of Securities, any Series Senior Excess Scheduled Principal Transfer Amount for any Series of Securities, any Series Senior Accelerated Principal Transfer Amount for any Series of Securities, any Series Senior Excess Accelerated Principal Transfer amount for any Series of Securities, any Series Subordinated Interest Transfer Amount for any Series of Securities, any Series Subordinated Scheduled Principal Transfer Amount for any Series of Securities, and/or any Series Subordinated Accelerated Principal Transfer Amount for any Series of Securities, each as of such Transfer Date.