Senior Preferred Redemption definition

Senior Preferred Redemption means the distribution to the Senior Preferred Members of the Senior Initial Liquidation Preference plus the Senior Preferred Return earned thereon in full.
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Examples of Senior Preferred Redemption in a sentence

  • Effective upon the Senior Preferred Redemption, the Senior Preferred Units shall have no rights as a Member, economic or otherwise, under this Agreement including, without limitation, any right to distributions under Sections 5.02, 5.03 and 9.03(c) or otherwise.

  • No Optional Senior Preferred Redemption may be made for fewer than 1,000 shares (or such lesser number of Senior Preferred Shares then outstanding).

  • In addition, the Corporation may, at its option, at any time and from time to time, redeem all or any portion of the shares of Senior Preferred Stock then outstanding (an "Optional Senior Preferred Redemption").

  • On or before June 30, 2013, the Company shall distribute cash to the Senior Preferred Unitholders in an amount equal to the Senior Preferred Redemption Value.

  • Each date fixed for redemption pursuant to Section 9.2(c) below is called a "Senior Preferred Redemption Date." Any redemption pursuant to this Section 9.2 shall not be subject to Section 5.1(a).

  • At any time thereafter when additional funds of the Corporation are legally available for the redemption of Senior Preferred Shares, such funds shall immediately be used to redeem the balance of the Senior Preferred Shares which the Corporation has become obligated to redeem on any Senior Preferred Redemption Date but which it has not redeemed.

  • For each Senior Preferred Share which is to be redeemed hereunder, the Corporation shall be obligated on the Senior Preferred Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's principal office of the certificate representing such share) an amount in immediately available funds equal to the redemption price described in Section 2.I.D.1. of Article Four.

  • A similar notice will be mailed by the Partnership, postage prepaid, not less than 30 nor more than 60 days prior to the Senior Preferred Redemption Date, addressed to the respective holders of record of the Senior Preferred Units to be redeemed at their respective addresses as they appear on the records of the Partnership.

  • Upon a Change of Control, each holder of Senior Preferred Units shall have the right to cause the Company to redeem all (but not less than all) of such holder's Senior Preferred Units for cash in the amount of the Senior Preferred Redemption Value of such Units.

  • Upon an Optional Senior Preferred Redemption, the Corporation shall pay a price per share equal to the Base Amount (as defined below) (plus all accrued and unpaid dividends thereon).

Related to Senior Preferred Redemption

  • 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.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • 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.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

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

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

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

  • Specified Redemption Date means the tenth (10th) Business Day after receipt by the General Partner of a Notice of Redemption; provided that if the Company combines its outstanding REIT Shares, no Specified Redemption Date shall occur after the record date of such combination of REIT Shares and prior to the effective date of such combination.

  • 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.

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

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

  • 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;

  • 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.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Make-Whole Redemption Amount means the sum of:

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

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

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

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

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

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.