Minimum Redemption Amount Sample Clauses

The Minimum Redemption Amount clause sets a lower limit on the number or value of units, shares, or interests that an investor can redeem in a single transaction. In practice, this means that investors must request to redeem at least the specified minimum amount, such as a certain number of shares or a monetary threshold, when withdrawing from a fund or investment product. This clause helps prevent administrative inefficiencies and excessive transaction costs by discouraging small, frequent redemptions that could disrupt fund management.
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Minimum Redemption Amount. No request by a Participant for the redemption of less than one dollar ($1.00) need be honored.
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Minimum Redemption Amount. Minimum Holding Amount
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Minimum Redemption Amount. You must accumulate and redeem a minimum of 2,500 points in the Program for any item redeemed.
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Minimum Redemption Amount. Any redemption pursuant to Section 3.07 shall be made in a minimum amount of €1,000,000.
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Minimum Redemption Amount. No redemption pursuant to this Section 3.08 is required to be made until such time as the aggregate amount of Redemption Event Proceeds received by the Companies and then available for such purpose equal or exceed $5.0 million. In addition, Redemption Event Proceeds received by the Companies prior to March 15, 2007, shall not be applied to redemption pursuant to this Section 3.08 until such time as redemption would be permitted at the option of the Companies pursuant to Section 3.07 hereof. Until such time as any Redemption Event Proceeds are used to redeem Notes in accordance with this Section 3.08, such Redemption Event Proceeds shall be delivered to the Trustee to be held by the Trustee in a segregated cash collateral account for the benefit of the Holders (and, for purposes hereof, the Companies hereby grant to the Trustee a security interest in and Lien upon all amounts so held in such collateral account as collateral security for the obligations of the Companies under this Agreement and the Notes). Amounts on deposit in such collateral account may not be withdrawn by the Companies except to (x) effect a redemption of Notes as provided herein (unless all Notes have been redeemed or otherwise paid in full in cash or discharged in accordance with the provisions of this Agreement) or (y) repurchase Notes pursuant to clause (f) below. The balance from time to time in such collateral account shall be invested in Cash Equivalents as shall be selected by the Companies (or, after the occurrence and during the continuance of an Event of Default, by the Trustee). In all events, redemptions pursuant to this Section 3.08 shall be made within 90 days of the later of (i) March 15, 2007, and (ii) any date upon which Redemption Event Proceeds received by the Companies and then available for such purpose equal or exceed $5.0 million.
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Related to Minimum Redemption Amount

  • Early Redemption Amounts For the purposes of paragraphs (b), (c) and (d) above, Notes will be redeemed at an amount (the “Early Redemption Amount”) calculated as follows: (i) in the case of Notes with a Final Redemption Amount equal to their principal amount, at the Final Redemption Amount thereof; or (ii) in the case of Notes (other than Zero Coupon Notes) with a Final Redemption Amount which is or may be greater or less than their principal amount or which is payable in a Specified Currency other than that in which the Notes are denominated, at the amount set out in the applicable Pricing Supplement, or if no such amount or manner is set out in the applicable Pricing Supplement, at their principal amount; or (iii) in the case of Zero Coupon Notes, at an amount (the “Amortised Face Amount”) equal to: (A) the sum of (x) the Reference Price specified in the applicable Pricing Supplement and (y) the product of the Accrual Yield specified in the applicable Pricing Supplement (compounded annually) being applied to the Reference Price from (and including) the Issue Date to (but excluding) the date fixed for redemption or (as the case may be) the date upon which such Note becomes due and repayable; or (B) if the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to paragraph (b), (c) or (d) above or upon its becoming due and repayable as provided in Condition 12 is not paid or available for payment when due, the amount due and repayable in respect of such Zero Coupon Note shall be the Amortized Face Amount of such Zero Coupon Note calculated as provided above as though the references in subparagraph (A) to the date fixed for redemption or the date upon which the Zero Coupon Note becomes due and repayable were replaced by references to the date (the “Reference Date”) which is the earlier of: (1) the date on which all amounts due in respect of the Note have been paid; and (2) the date on which the full amount of the moneys repayable has been received by the Agent and notice to that effect has been given in accordance with Condition 15. The calculation of the Amortised Face Amount in accordance with this sub-paragraph (B) will continue to be made, after as well as before judgment, until the Reference Date unless the Reference Date falls on or after the Maturity Date, in which case the amount due and repayable shall be the principal amount of such Note together with interest from (and including) the Maturity Date to (but excluding) the Reference Date at a rate per annum equal to the Accrual Yield. Where any such calculation is to be made for a period of less than a full year, it shall be made (x) in the case of Notes denominated in US dollars on the basis of a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the number of days elapsed; (y) in the case of Notes denominated in all other currencies on the basis that “Actual/Actual ICMA” shall apply, as calculated in accordance with Condition 5(b)(vi); or (z) as otherwise specified in the applicable Pricing Supplement.

  • Date Fixed for, and Notice of, Redemption; Redemption Price; Reference Value In the event that the Company elects to redeem the Warrants pursuant to Sections 6.1 or 6.2, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such notice. As used in this Agreement, (a) “Redemption Price” shall mean the price per Warrant at which any Warrants are redeemed pursuant to Sections 6.1 or 6.2 and (b) “Reference Value” shall mean the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Payment Upon Redemption (a) If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption and interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption (but if the date fixed for redemption is an interest payment date, the interest installment payable on such date shall be payable to the registered holder at the close of business on the applicable record date pursuant to Section 2.03). (b) Upon presentation of any Security of such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall deliver to the holder thereof, at the expense of the Company, a new Security of the same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented.

  • Notes Payable on Redemption Date The Notes or portions thereof to be redeemed shall, following notice of redemption as required by Section 10.02, on the Redemption Date become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on the Redemption Price for any period after the date to which accrued interest is calculated for purposes of calculating the Redemption Price.

  • Final Redemption Unless previously redeemed, or purchased and cancelled, the Bonds will be redeemed at their principal amount on the Interest Payment Date falling on, or nearest to, June 26, 2017. The Bonds may not be redeemed at the option of the Issuer other than in accordance with this Condition.