Special Redemption Right definition

Special Redemption Right shall have the meaning provided in Section 7(c)(i).
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Special Redemption Right means the rights assigned to the Company upon a “Regulatory Capital Treatment Event,” as such term is defined in the Articles of Designation.
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Special Redemption Right means the right of the Corporation to redeem the Debentures as described in section 3.01(a);
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Examples of Special Redemption Right in a sentence

  • If, prior to the Change of Control Conversion Date, the Partnership exercises its Regular Redemption Right, Special Redemption Right, or Absence of Suitable Indices Redemption Right in connection with a Change of Control, holders of the 5.000% Series B Participating Preferred Units shall not be permitted to exercise their Change of Control Conversion Right (as defined in Section 9(d)(i) below).

  • Each holder of outstanding Preferred Shares will have the right (the "Special Redemption Right") to require the Trust to redeem, upon consummation of the Special Event, all of the Preferred Shares held by such holder at a redemption price payable in cash in an amount equal to the sum of (i) 104% of the Liquidation Value thereof and (ii) accrued and unpaid distributions, whether or not declared.

  • Neither the foregoing obligation of the Partnership to exercise the Special Redemption Right nor any exercise of the Special Redemption Right shall alter or affect the General Partner’s right to abandon any contemplated IPO, and any such conditional exercise shall be null and void upon such abandonment.

  • If an IPO shall not have been consummated within 90 days after delivery of the conditional Special Redemption Notice relating thereto, such conditional Special Redemption Notice shall thereupon be null and void; provided, however, that nothing herein shall relieve the Partnership from its obligation to again exercise the Special Redemption Right pursuant to the first sentence of this Section 7(e).

  • The exercise of the Special Redemption Right shall be subject to such other terms and conditions as may be determined by the Board of Directors of the Corporation.

  • If, prior to the Change of Control Conversion Date (as defined below), the Trust has provided or provides notice of its election to redeem some or all of the Series B Preferred Shares (whether pursuant to the Regular Redemption Right or the Special Redemption Right), the holders of Series B Preferred Shares shall not have the Change of Control Conversion Right (as defined below) set forth in Section 9 of these terms of the Series B Preferred Shares with respect to the shares called for redemption.

  • Each holder of Preferred Shares may exercise its Special Redemption Right by delivering a written notice to the Trust no later than 15 days prior to the scheduled consummation of the Special Event indicating that the holder is exercising such Special Redemption Right with respect to its Preferred Shares.

  • In connection therewith, Unitholders shall have a special redemption right similar to the Special Redemption Right set forth in Section 5.5 with such changes as the Manager considers appropriate.

  • The Special Redemption Right of the Series A Preferred Stock shall be senior and prior to the Special Redemption Right of the Series B Preferred Stock and the Series C Preferred Stock, and the Special Redemption Right of the Series B Preferred Stock and the Series C Preferred Stock shall be on a parity with each other.

  • If, prior to the Change of Control Conversion Date (as defined below), the Trust has provided or provides notice of its election to redeem some or all of the Series A Preferred Shares (whether pursuant to the Regular Redemption Right or the Special Redemption Right), the holders of Series A Preferred Shares shall not have the Change of Control Conversion Right (as defined below) set forth in Section 9 of these terms of the Series A Preferred Shares with respect to the shares called for redemption.

Related to Special Redemption Right

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

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

  • Special Redemption Date has the meaning set forth in Section 10.2.

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

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

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

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

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

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

  • Initial Redemption Date means, with respect to any Note or portion thereof to be redeemed pursuant to Section 3.1(b), the date on or after which such Note or portion thereof may be redeemed as determined by or pursuant to the Indenture or a Note Certificate of Supplemental Indenture.

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

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

  • 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.

  • 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.

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

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

  • 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;

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

  • 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;

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

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

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

  • 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).

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

  • 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;