Right of redemption definition

Right of redemption means the right of a customer of an e-money institution to cash out all or part of his/her e-money account balance at any time.
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Examples of Right of redemption in a sentence

  • Each purchaser at any such sale shall hold the Pledged Securities so sold absolutely free from any claim or Right of Debtor of whatsoever kind, including any equity or Right of redemption of Debtor.

  • Each purchaser at any such sale shall hold the Collateral so sold to it absolutely and free from any claim or Right of whatsoever kind, including any equity or Right of redemption of Debtor which may be waived, and Debtor to the extent permitted by Law, hereby specifically waives all Rights of redemption, stay or appraisal which it has or may have under any Law now existing or hereafter adopted.

  • Each purchaser at any such sale shall hold the Pledged Securities so sold absolutely, free from any claim or Right of Debtor of whatsoever kind, including any equity or Right of redemption of Debtor.

  • Each purchaser at any such sale shall hold the Pledged Securities so sold absolutely free from any claim or Right of any Debtor of whatsoever kind, including any equity or Right of redemption of such Debtor.

  • Each purchaser at any such sale shall hold the Pledged Securities so sold absolutely free from any claim or Right of any Debtor of whatsoever kind, including any equity or Right of redemption of any Debtor.

  • Each purchaser at any such sale shall hold the Pledged Securities so sold absolutely, free from any claim or Right of [such] Debtor of whatsoever kind, including any equity or Right of redemption of [such] Debtor.

  • For sales or transfers to be legally valid, they must be "confirmed" by the BOR (except for Alternative Right of redemption cases where expiration of the 45-day time period acts as a self-executing “confirmation.).

  • See Knightsbridge Equity of redemption can’t be contracted out of (lender can’t require you to give up right to redeem) Right of redemption is so paramount that courts will not enforce a lenders power of sale without court order If a BC mortgage goes into default the lender must go before a court to enforce it’s mortgage in terms of a forced sale of the property Details: Right of redemption is an interest in the land, and therefore it can be conveyed or mortgaged (2nd mortgage).

  • Right of redemption in connection with the Merger Pursuant to the Finnish Companies Act, a shareholder of a merging company who votes against the merger at the General Meeting deciding on the merger may demand, at the same General Meeting, that the shares he/she holds be redeemed at fair value in cash.

  • CODE § 6.23.020 (2013).171 Id.172 Id.173 Id.174 Right of redemption is not applicable to homeowners in non-judicial foreclosures.See id.175 WASH.

Related to Right of redemption

  • Notice of Redemption means the Notice of Redemption substantially in the form of Exhibit B to this Agreement.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

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

  • Special Redemption and Liquidation Period shall be as set forth in the Prospectus under "Summary of Essential Information."

  • Redemption Right has the meaning set forth in Section 11.01(a).

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

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

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

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

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

  • Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

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

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

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

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

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

  • 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.

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

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

  • 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.