Redemption Basis Sample Clauses
The Redemption Basis clause defines the method or criteria by which an investment, security, or financial instrument can be redeemed or bought back by the issuer or another party. Typically, this clause specifies whether redemption will occur at a fixed price, at market value, or according to a predetermined formula, and may outline any conditions or timing requirements for redemption. Its core practical function is to provide clarity and predictability for both parties regarding how and when redemption can occur, thereby reducing uncertainty and potential disputes over the value or process of redemption.
Redemption Basis. Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount
Redemption Basis. Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at the Redemption Amount, which will be determined in accordance with the Redemption Basis specified in paragraph 29.