Total Redemption Price definition

Total Redemption Price. The amount equal to funds sufficient to pay all amounts and expenses described under clauses (1) through (4) and (10) of Section 11.1(a)(i) and to redeem all Notes at their applicable Redemption Prices.

Total Redemption Price. As defined in the Indenture.

Total Redemption Price. As of any date of determination, the amount equal to funds sufficient (a) to pay all amounts and expenses described under clauses (1) and (2) of Section 11.1(a)(i), that are due and payable as of such date of determination, (b) to pay all other amounts due and payable as of such date of determination to the Servicer under the related Servicing Agreement in respect of which funds have not been withdrawn from the Collection Account pursuant to the related Servicing Agreement, including, without limitation, any liquidation and other fees and other compensation that are due and payable as of such date of determination under the Servicing Agreement, (c) to repay the interest on and principal of the Class A Loan in full, (d) to pay all other amounts (without duplication) then due and payable on the Class A Loan and (e) to redeem all Notes at the applicable Redemption Prices.

Examples of Total Redemption Price in a sentence

• The Total Redemption Price is the applicable redemption price multiplied by the number of redeemed Participations.

• The Total Redemption Price is the applicable redemption price multiplied by the number of redeemed Units.

• Pursuant to Section 9.1(b) of the Indenture, the Notes and the Preferred Shares shall be redeemable, in whole but not in part, by Act of a Majority of the Preferred Shares delivered to the Trustee, on the Payment Date following the occurrence of a Tax Event if the Tax Materiality Condition is satisfied at a price equal to the applicable Redemption Prices; provided that that the funds available to be used for such Tax Redemption will be sufficient to pay the Total Redemption Price.

• In order to redeem any of the Holders’ Series C Preferred Stock then outstanding, the Corporation must deliver written notice (each, a “Redemption Notice”) to each Holder setting forth (a) the number of shares of Series C Preferred Stock that the Corporation is redeeming, (b) the applicable Dividend Rate, Liquidation Value and Early Redemption Price, or Total Redemption Price if applicable, and (c) the calculation of the amount paid.

• In order to determine the net amount due by the Fund to a Participant in consideration for the redemption of Participations (the Total Redemption Amount), the Total Redemption Price might be reduced by a discount equal to the amount of the charge levied at the level of the relevant Investee Fund (the “Investee Fund Discount”), in the event a charged is levied at the level of the relevant Investee Fund.

More Definitions of Total Redemption Price

Total Redemption Price means the Redemption Price multiplied by the

Total Redemption Price has the meaning provided in Section 6.1 hereof.

Total Redemption Price means the Redemption Price multiplied by the number of redeemed Units;

Total Redemption Price. The amount equal to funds sufficient to pay (i) all amounts owing to the Servicer and the Special Servicer under the Servicing Agreement, (ii) all fees and expenses of the Trustee and the Note Administrator in connection with an Auction, if applicable, (iii) all amounts and expenses described under clauses (1) through (4) of Section 11.1(a)(i) (without regard to any cap contained therein) and to redeem all Class A Loans and Notes at their applicable Redemption Prices.

Total Redemption Price shall have the meaning given in Section 5(a).

Total Redemption Price of a Senior Preferred Unit shall be equal to the accumulated but unpaid Quarterly Distributions to the Redemption Date, if any, with respect to such Senior Preferred Unit, plus the greater of: (i) an amount that would result in the Applicable IRR on the Purchase Price of such Senior Preferred Unit; and (ii) an amount that would result in a MOIC of 1.47 times the Purchase Price of such Senior Preferred Unit. If the Partnership redeems less than all outstanding Senior Preferred Units, then such redemption shall be a pro rata redemption of all Senior Preferred Units held by each Senior Holder (a “Partial Redemption”). Partial Redemptions shall be permitted only if the total amount payable with respect to such Partial Redemption is equal to or greater than $25,000,000. For the avoidance of doubt, the Applicable IRR and the MOIC to be paid with respect to any redemption shall be calculated with respect to each such Senior Preferred Unit being redeemed, and not on a combined or cumulative basis. In addition, for the avoidance of doubt, the MOIC does not apply to PIK Unit redemptions.

Total Redemption Price has the meaning set forth in the First Amendment to Operating Partnership Agreement.