Redemption Condition means that Replacement Capital (as defined below) as at the date for redemption equals at least the face value of the Junior Sukuk plus the Cumulated Distribution (if any).
Redemption Condition means any time before the Maturity Date that the Current Market Price is in excess of 150% of the Conversion Price of the Convertible Debentures;
Redemption Condition means the occurrence of any of the following: (i) receipt by Telecom Americas Ltd., the Company or any of the Company's Minority Investees, Subsidiaries or Affiliates of the approval by Agencia Nacional de Telecomunicacoes of Brazil ("ANATEL") under Resolution 101 of such agency or any successor regulation thereto which effectively permits the Member or Members holding Common Shares to Control the Company; (ii) a change in applicable Brazilian regulations or laws that results in such approval no longer being required in the opinion of the Board, (iii) the delivery to the Company of a notice signed by, or on behalf of, the Member or Members holding a majority of the Common Shares stating that, in its or their reasonable judgment, the redemption of 100% of the Preference Shares of the Company as contemplated herein without ANATEL's approval will not result in a violation of Resolution 101 of such agency or any successor regulation thereto; (iv) the Sale of the Preference Shares by BCI Investments (or by any Permitted Transferee of BCI Investments) to any party other than (a) Telecom Americas Ltd. or its successors and assigns or (b) a Permitted Transferee of BCI Investments holding Telecom Americas Shares transferred to it pursuant to and in accordance with Section 4.05 of the Joint Venture Shareholders Agreement, and (v) BCE, Inc. shall fail to hold directly or indirectly legal and beneficial ownership of a majority of the issued and outstanding Capital Stock and Equity Interests, of BCI Investments or of any Person holding Preference Shares.
Examples of Redemption Condition in a sentence
If FR Barrier Value is less than the Final Redemption Condition Level and a Knock-in Event has occurred:Min (100%, Final Redemption Value).
If FR Barrier Value is less than the Final Redemption Condition Level and a Knock-in Event has occurred: Min(100%, Final Redemption Value).
If FR Barrier Value is less than the Final Redemption Condition Level and a Knock-in Event has occurred: Min (100%, Final Redemption Value).
If FR Barrier Value is greater than or equal to the Final Redemption Condition Level:100% + FR Exit Rate; or(B)If FR Barrier Value is less than the Final Redemption Condition Level and no Knock-in Event has occurred:100%; or(C)If FR Barrier Value is less than the Final Redemption Condition Level and a Knock-in Event has occurred:Min(100%, Final Redemption Value).
Any such redemption shall be subject to Condition 7(b)(iii) (Optional Redemption in Whole – Collateral Manager), Condition 7(b)(iv) (Terms and Conditions of an Optional Redemption), Condition 7(b)(v) (Optional Redemption effected in whole or in part through Refinancing) and Condition 7(b)(vi) (Optional Redemption effected through Liquidation only).
More Definitions of Redemption Condition
Redemption Condition. All amounts due and payable under the New CB shall be subordinated to and shall rank junior in payment to the Secured Obligations until full payment of the Secured Obligations. For so long as the Loan under the Loan Facility remains outstanding, SA Investments shall not collect, demand and/or receive from Suntrust, whether directly or indirectly, any principal, interest, default interest, penalties or other amounts payable under the New CB.
Redemption Condition means that the consent of the FSA to the redemption of the Perpetual Preference Shares, if then required, has been obtained
Redemption Condition means the occurrence of any of the following: (i) the satisfaction and discharge of the obligations of Comcel under the Comcel Indenture with respect to the Comcel Bonds, (ii) any amendment of or waiver made pursuant to the terms of the Comcel Indenture such that Comcel is not required to make an offer to purchase the Comcel Bonds pursuant to Section 3.07 of the Comcel Indenture in the event that the Member or Members holding Common Shares Control the Company, (iii) the delivery to the Company of a notice signed by, or on behalf of, the Member or Members holding a majority of the Common Shares requiring the Company to redeem the Preference Shares, (iv) the Sale of the Preference Shares by BCI Investments (or by any Permitted Transferee of BCI Investments) to any party other than (a) Telecom Americas Ltd. or its successors and assigns or (b) a Permitted Transferee of BCI Investments holding Telecom Americas Shares transferred to it pursuant to and in accordance with Section 4.05 of the Joint Venture Shareholders Agreement, and (v) BCE, Inc. shall fail to hold directly or indirectly legal and beneficial ownership of a majority of the issued and outstanding Capital Stock and Equity Interests, of BCI Investments or of any Person holding Preference Shares;
Redemption Condition means the issuance of the Replacement Capital (as defined below) on or before the date of redemption which raises net proceeds of at least equivalent to the nominal value of the Junior Bonds and accrued Coupon Payment Amount or Cumulative Coupon Payment payable upon the Early Redemption Date.
Redemption Condition means that either (a) Fukoku Life’s Solvency Margin Ratio after giving effect to the intended redemption is expected to remain at an adequate level within the meaning of the Insurance Business Act and any applicable regulations, public notices or guidelines thereunder then in force or (b) Fukoku Life procures qualifying financing in an amount not less than the amount of the intended redemption. The term “qualifying financing” when used in these Conditions includes issuance of foundation funds (kikin) and subordinated debt financing.
Redemption Condition means the issuance of the Replacement Capital (as defined below) on or before the date of redemption which raises net proceeds of at least equivalent to the exercise price payable upon the Early Dissolution Date.
Redemption Condition means the issuance of the Replacement Capital (as defined below) on or before the date of redemption which raises net proceeds of at least equivalent to the nominal value and accrued interest payable upon the Early Redemption Date.