Series A Redemption Premium definition

Series A Redemption Premium equals one percent (1%) of the Series A Liquidation Preference.
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Series A Redemption Premium means, as of the time at which --------------------------- Distributions are to be made under Section 7.1(b) (but not Section 7.3), an amount equal to the product of (a) the sum of (i) the average of the Unpaid Series A Preferred Return (exclusive of any Series A Redemption Premium that is part thereof) as of the close of business on each day during the 30-day period immediately prior to such date and (ii) the amount that is Distributed pursuant to, or in accordance with, Section 7.1(b) at such time, multiplied by (b) (i) in the event that such Distributions are made in connection with a redemption by the Company pursuant to Section 11.01 or 11.02(a) of the Securities Purchase Agreement, a percentage determined in accordance with the following schedule: Distribution Date Percentage ----------------- ---------- Prior to October 17, 2001 5.0% October 18, 2001 to October 17, 2002 4.0% October 18, 2002 to October 17, 2003 3.0% October 18, 2003 to October 17, 2004 2.0% October 18, 2004 to October 17, 2005 1.0% Thereafter 0.0% ; or (ii) in the event that such Distributions are made in connection with a redemption by the Company pursuant to Section 11.02(b) of the Securities Purchase Agreement, a percentage determined in accordance with the following schedule: Distribution Year Percentage ----------------- ---------- Prior to October 17, 2004 6.0% October 18, 2004 to October 17, 2005 4.0% October 18, 2005 to October 17, 2006 2.0% Thereafter 0.0%
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Series A Redemption Premium has the meaning assigned to it in Section 3.6(a).
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Examples of Series A Redemption Premium in a sentence

  • In the event that the Series A Redemption Premium in effect on the payment date is less than the Series A Redemption Premium on the date that the Series A Liquidation Preference was set apart for payment, the Company may make a corresponding reduction to the funds set apart for payment of the Series A Liquidation Preference.

  • If the General Partner redeems or otherwise purchases any Shares of Series A Preferred Stock, the Partnership shall redeem a corresponding number of Series A Preferred Units, on the date of redemption or other purchase of Shares of Series A Preferred Stock by the General Partner (“Redemption Date”), at a redemption price per Series A Preferred Unit equal to the Series A Liquidation Preference plus the Series A Redemption Premium, and the redemption price shall be payable in cash.


More Definitions of Series A Redemption Premium

Series A Redemption Premium means all amounts due upon redemption or conversion of the Series A Preferred Units under Section 5.13 of the Partnership Agreement other than the Series A Liquidation Value.
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Related to Series A Redemption Premium

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

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

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

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

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

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

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

  • 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.

  • 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.

  • 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;

  • Change of Control Redemption Premium means 125%.

  • 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:

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

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

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

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

  • 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;

  • Make-Whole Redemption Amount means the sum of:

  • 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).

  • 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.

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

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

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • 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;

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

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