Redemption and Exchange. (a) The Board of Directors, with the concurrence of the Audit Committee, may, at its option, at any time prior to the Close of Business on the earlier of (x) the tenth Business Day following the Shares Acquisition Date (or such later date as the Board of Directors, with the concurrence of the Audit Committee, shall determine, which determination to be made prior to the Close of Business on the tenth Business Day following the Shares Acquisition Date) and (y) the Final Expiration Date, redeem all but not less than all the then outstanding Rights at a redemption price of $.001 per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price per Right being hereinafter referred to as the "Redemption Price"). Notwithstanding anything contained in this Rights Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of an event described in Section 11(a)(ii) until such time as the Company's right of redemption hereunder has expired. The Company may, at its option, pay the Redemption Price in cash, Ordinary Shares of the Company (based on the Current Market Price of such Ordinary Shares at the time of redemption, provided, however, that, unless permitted by applicable law, the effective consideration per Ordinary Share paid to the Company shall not be less than the par value thereof) or any other form of consideration deemed appropriate by the Board of Directors.
Redemption and Exchange. 39 Section 24. Notice of Certain Events........................................................... 42 Section 25. Notices............................................................................ 43
Redemption and Exchange. On the basis of the representations, ----------------------- warranties, covenants and agreements herein and subject to the satisfaction or waiver of the conditions set forth herein and the terms hereof, CII will redeem and purchase from, or exchange with, each Redeeming Stockholder, and each Redeeming Stockholder will sell to, or exchange with, CII, the following securities (the "Redeemed Securities"): -------------------
Redemption and Exchange. At least 50% of the Exchangeable Bonds must be repaid by Lead Honest on the Listing Date. Accordingly, Exchangeable Bonds with principal amount of no more than US$25 million will remain outstanding from the Listing Date. Lead Honest will raise at least US$25 million (plus an amount representing interest on the Exchangeable Bonds) through the sale of Sale Shares under the Global Offering for the purpose of settling the redemption of 50% of the Exchangeable Bonds. All the proceeds from the sale of Sale Shares plus US$2.5 million that will be released from an interest reserve account will be applied towards the redemption of the Exchangeable Bonds. Accordingly, more than 50% of the Exchangeable Bonds may be repaid if additional proceeds from the sale of Sale Shares are received. Lead Honest’s current intention is not to complete the Global Offering unless sufficient funds are raised to satisfy the redemption of at least 50% of the Exchangeable Bonds on the Listing Date or unless the Bondholders consent to waiving the requirement that 50% of the Exchangeable Bonds be redeemed on the Listing Date. Lead Honest has entered into an arrangement with the Sole Sponsor pursuant to which all of the proceeds from the sale of Sale Shares under the Global Offering will be set aside to settle the redemption of the Exchangeable Bonds on the Listing Date. These proceeds will not be under the control of Lead Honest and the Sole Sponsor will be required to ensure that the proceeds are transferred directly to the Bondholders in order to ensure settlement of the redemption as required by the terms and conditions of the Exchangeable Bonds.
Redemption and Exchange. (a) The Board of Directors may, at its option, at any time prior to the Close of Business on the earlier of (x) the tenth (10th) Business Day following the Shares Acquisition Date (or such later date as the Board of Directors shall determine, which determination to be made prior to the Close of Business on the tenth (10th) Business Day following the Shares Acquisition Date) and (y) the Final Expiration Date, redeem all but not less than all the then outstanding Rights at a redemption price of $0.001 per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"). Notwithstanding anything contained in this Rights Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of an event described in Section 11(a)(ii) until such time as the Company's right of redemption hereunder has expired. The Company may, at its option, pay the Redemption Price in cash, Ordinary Shares of the Company (based on the Current Market Price of such Ordinary Shares at the time of redemption, provided, however, that, unless permitted by applicable law, the effective consideration per Ordinary Share paid to the Company shall not be less than the par value thereof) or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors, in its sole discretion, may establish.
Redemption and Exchange. The holders of LP Units will have no right to redeem LP Units or exchange LP Units for other securities. Any holder(s) of outstanding Preferred LP Units have the right to request a return of the Capital contributed to acquire the Preferred LP Units as a return of Capital on the Preferred LP Units in accordance with the terms of such Preferred LP Units.
Redemption and Exchange. The holders of GP Units will have no right to redeem GP Units or exchange GP Units for other securities.
Redemption and Exchange. OF PREFERRED SHARES; AMENDMENT OF WARRANTS.
Redemption and Exchange. Subject to satisfaction (or waiver) of the conditions set forth in Sections 5 and 6, the Company shall at the Closing (as defined below), in exchange for the Investor surrendering to the Company its Initial Notes and cancellation of the Purchase Rights, deliver to the Investor an amount equal to the Investor Redemption Amount, the Replacement Warrants and the Investor Preferred Shares.
Redemption and Exchange. (a) SMBC may redeem/exchange in any regular periodic redemption/exchange window (meaning the date for such a regular periodic redemption/exchange window established by General Partner under Section 14.1(d)(v) of the Amended and Restated Agreement of Limited Partnership of Moelis Advisory (the “Advisory LPA”) for which one may submit a Notice of Redemption (as defined in the Advisory LPA)) opened, its Moelis Advisory Units into Moelis & Company Class A Common Stock (or cash at the election of General Partner) as follows: - 50% on or after July 1, 2015; - 50% on or after the second anniversary of the IPO closing date (that is April 22, 2016).
