Permitted Redemptions Clause Samples
The Permitted Redemptions clause defines the specific circumstances under which a company is allowed to repurchase or redeem its own shares from shareholders. Typically, this clause outlines the conditions, limits, and procedures for such redemptions, such as requiring board approval, restricting the timing, or capping the amount of shares that can be redeemed within a certain period. Its core practical function is to provide clear guidelines for share buybacks, ensuring that redemptions are conducted in a controlled manner and protecting the interests of both the company and its shareholders.
Permitted Redemptions. All actions taken by the Company in connection with all Permitted Redemptions through the Effective Date have been taken in accordance with all applicable Laws, including without limitation all applicable SEC regulations.
Permitted Redemptions. All Permitted Redemptions will be completed in accordance with all applicable Laws, including without limitation all applicable SEC regulations.
Permitted Redemptions. All Permitted Redemptions (including but not limited to the repurchase of shares owned by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) will be completed in accordance with all applicable Laws, including without limitation all applicable SEC regulations.
Permitted Redemptions. The amount $15,000,000 in the definition of "Permitted Redemptions" in the Glossary attached to the Original Loan Agreement as Exhibit 2.1 is deleted and replaced with the amount "$20,000,000". Borrower may repurchase Treasury Stock using the proceeds of this Agreement, however the total amount to be paid for repurchase may not exceed $20,000,000, unless otherwise approved by the Required Lenders.
Permitted Redemptions. (a) Upon the mailing of a notice of redemption with respect to the Permitted Redemption of the Subordinated Notes in accordance with the Subordinated Indenture and deposit of an amount equal to the Subordinated Note Redemption Price for the Subordinated Notes to be redeemed in the
(b) Upon the mailing of a notice of redemption with respect to the Permitted Redemption of the Parent Discount Notes in accordance with the Parent Discount Indenture and deposit of an amount equal to the Parent Discount Note Redemption Price for the Parent Discount Notes to be redeemed in the Permitted Redemption of the Parent Discount Notes with the paying agent for the Parent Discount Notes on the Parent Discount Note Redemption Date, interest on such Parent Discount Notes will cease to accrue and the sole right of the holders of such Parent Discount Notes shall be to receive payment of the Parent Discount Note Redemption Price plus accrued interest on such Parent Discount Notes to the Parent Discount Note Redemption Date. The Parent Discount Note Redemption Price will not exceed 112.50% of the principal amount of the Parent Discount Notes to be redeemed in the Permitted Redemption of the Parent Discount Notes.
Permitted Redemptions. The Borrower may, at its option, elect to redeem the Unsecured Note by paying the Lender and all other Holders the Permitted Redemption Amount, by wire transfer of same day immediately available funds. Upon payment of the Permitted Redemption Amount, the Borrower will have no further liability with respect to the payment of any Profit Share.
Permitted Redemptions. It is contemplated that certain of the Pledged Shares will be redeemed from time to time by ▇▇▇▇▇ pursuant to a Redemption Agreement of even date between Pledgors and ▇▇▇▇▇ (the "Redemption Agreement"). So long as these redemptions are in compliance with the terms and restrictions of the Redemption Agreement including, without limitation, Section 6, Agent agrees, on reasonable prior notice, to release its Lien on such Pledged Shares in order to permit such redemptions and shall execute and deliver to the applicable Pledgor, at such Pledgor's expense, appropriate UCC-3 termination statements and other releases as reasonably requested by Pledgor.