Redemption Generally Sample Clauses
The 'Redemption Generally' clause defines the terms and conditions under which a party, typically an issuer or company, can repurchase or redeem securities such as shares or bonds from holders before their maturity or expiration. This clause outlines the procedures for initiating redemption, any notice requirements, the price or formula for determining the redemption amount, and any limitations or restrictions on when redemption can occur. For example, it may specify that shares can be redeemed at the company's discretion after a certain date or upon the occurrence of specific events. The core function of this clause is to provide a clear framework for redemption rights and obligations, thereby offering flexibility to the issuer and transparency to investors regarding how and when securities may be redeemed.
Redemption Generally. Each Series A Limited Partner or other Holder of Series A Preferred Units covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership free and clear of all liens and, notwithstanding anything herein contained to the contrary, the Partnership shall not be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Series A Limited Partner and other Holder of Series A Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership, such Series A Limited Partner or Holder shall assume and pay such transfer tax.
Redemption Generally. Each Series 1 CPOP Limited Partner or other Holder of Series 1 CPOP Units covenants and agrees with the General Partner that all Partnership Units delivered for redemption shall be delivered to the Partnership free and clear of all liens and, notwithstanding anything herein contained to the contrary, the Partnership shall not be under any obligation to acquire Partnership Units which are or may be subject to any liens. Each Series 1 CPOP Limited Partner and other Holder of Series 1 CPOP Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Partnership Units to the Partnership, such Series 1 CPOP Limited Partner or Holder shall assume and pay such transfer tax.
Redemption Generally. The Redemption Prices of Notes to be redeemed will be calculated on the “Actual/360 Day” count. Except as otherwise provided in the foregoing clause (b), notice of redemption of the Notes will be given as provided in Section 4.4 of the Indenture or otherwise transmitted in accordance with applicable procedures of Euroclear and Clearstream. Unless the Company defaults in the payment of the Redemption Price, on and after the applicable Redemption Date, interest will cease to accrue on the Notes or portions of the Notes called for redemption. The Company will deposit with the Paying Agent funds sufficient to pay the Redemption Price of, and accrued and unpaid interest on, such Notes to be redeemed on the applicable Redemption Date in accordance with Section 4.5 of the Original Indenture.
Redemption Generally. The Redemption Prices of Notes to be redeemed will be calculated assuming a 360-day year consisting of twelve 30-day months. Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 15 days nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at such Holder’s current address appearing in the Security Register. Notice of redemption of the Notes will be given as provided in Section 4.4 of the Original Indenture otherwise. Unless the Company defaults in the payment of the Redemption Price, on and after the applicable Redemption Date, interest will cease to accrue on the Notes or portions of the Notes called for redemption.
Redemption Generally. The Redemption Prices of Notes to be redeemed will be calculated assuming a 360-day year consisting of twelve 30-day months. Notice of redemption of the Notes will be given as provided in Section 4.4 of the Indenture. If the Company redeems less than all of the Notes, the Trustee will select the particular Notes to be redeemed by lot, on a pro rata basis or by another method the Trustee deems fair and appropriate. Unless the Company defaults in the payment of the Redemption Price, on and after the applicable Redemption Date, interest will cease to accrue on the Notes or portions of the Notes called for redemption.
Redemption Generally. Unless prohibited by the Irish Companies Act 2014, as amended (the “Irish Companies Act”), governing distributions to shareholders, commencing on the first (1st) anniversary of the Series A Original Issue Date, any or all of the outstanding Series A Preferred Shares (the “Redemption Shares”) may be redeemed by the Corporation at a price per share equal to $7.50, or 150% of the Series A Original Issue Price (the “Redemption Price”). On each date of such redemption (the “Redemption Date”), the Corporation shall redeem, on a pro rata basis in accordance with the number of Series A Preferred Shares owned by each Holder, the Redemption Shares. The Redemption Price may be paid in cash or in the form of Class B Ordinary Shares of the Company equal to the volume weighted average closing price of the Class B Ordinary Shares on five trading days preceding the Redemption Date.
Redemption Generally. On and after the seventh anniversary of the date of this Agreement, each Class A Preferred Share shall be redeemable at the option of the holder for a redemption price equal to $1.00 per Share (subject to adjustment for any share splits or share combinations occurring after the date hereof) plus the Preferred Return (as defined below) attributable to such Share, to the extent permitted under applicable law and in accordance with this Section 2.12. In the event that there has been a request by a holder for the redemption of any Class A Preferred Shares held by him pursuant to this Section 2.12, then this Section 2.12 shall apply notwithstanding the occurrence of a Liquidation Event at any time thereafter; provided, however, that such Liquidation Event did not begin prior to such request for redemption.
Redemption Generally. If either (a) the Issuer elects to redeem Notes pursuant to the redemption provisions of SECTION 3.07 or a Purchase Event occurs in accordance with SECTION 3.08, the Issuer shall furnish to the Trustee and to each of the Holders, within the time periods set forth in such Sections, written notice setting forth the items required in SECTION 3.03 and, to the Trustee, an Officers' Certificate as to compliance by the Issuer with the requirements of this Article III with respect to the subject redemption or purchase delivered not later than the redemption or purchase date.
Redemption Generally. The Redemption Prices of Notes to be redeemed will be calculated assuming a 360-day year consisting of twelve 30-day months. Notice of any redemption will be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed, at such Holder’s current address appearing in the Security Register. In the case of a partial redemption, selection of the Notes for redemption will be made pro rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair. No Notes of a principal amount of $2,000 or less will be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note will state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed portion of the Note will be issued in the name of the Holder of the Note upon surrender for cancellation of the original Note. For so long as the Notes are held by DTC (or another Depositary), the redemption of the Notes shall be done in accordance with the policies and procedures of the Depositary. Notice of redemption of the Notes will be given as provided in Section 4.4 of the Original Indenture otherwise. Unless the Company defaults in the payment of the Redemption Price, on and after the applicable Redemption Date, interest will cease to accrue on the Notes or portions of the Notes called for redemption.
Redemption Generally. Unless prohibited by Nebraska law governing distributions to shareholders, shares of Series C Preferred Stock shall be redeemed by the Corporation at a price equal to the greater of (1) the Series C Liquidation Preference per share, plus any Accruing Dividends accrued but unpaid thereon, whether or not declared, together with any other dividends declared but unpaid thereon, and (2) the Fair Market Value (determined in the manner set forth below) of a single share of Series C Preferred Stock as of the date of the Corporation’s receipt of the Redemption Request (as defined below) (the “Redemption Price”), in three (3) equal annual installments commencing not more than sixty (60) days after receipt by the Corporation at any time on or after [_______], 2025 from the Requisite Holders of written notice requesting redemption of all shares of Series C Preferred Stock (the “Redemption Request”). Upon receipt of a Redemption Request, the Corporation shall apply all of its assets to any such redemption, and to no other corporate purpose, except to the extent prohibited by Nebraska law governing distributions to shareholders. For purposes of this Article IV(A), the Fair Market Value of a single share of Series C Preferred Stock shall be the value of a single share of Series C Preferred Stock as mutually agreed upon by the Corporation and the holders of a majority of the shares of Series C Preferred Stock then outstanding, and, in the event that they are unable to reach agreement, by a third-party appraiser agreed to by the Corporation and the holders of a majority of the shares of Series C Preferred Stock then outstanding. The date of each such installment provided in the Redemption Notice (as defined below) shall be referred to as a “Redemption Date”. On each Redemption Date, the Corporation shall redeem, on a pro rata basis in accordance with the number of shares of Series C Preferred Stock owned by each holder, that number of outstanding shares of Series C Preferred Stock determined by dividing (a) the total number of shares of Series C Preferred Stock outstanding immediately prior to such Redemption Date by (b) the number of remaining Redemption Dates (including the Redemption Date to which such calculation applies). If on any Redemption Date Nebraska law governing distributions to shareholders prevents the Corporation from redeeming all shares of Series C Preferred Stock to be redeemed, the Corporation shall ratably redeem the maximum number of shares that it ma...
