Redemption Obligation Sample Clauses

Redemption Obligation. The obligation of the Partnership to redeem the Partnership Units as set forth in Section 9.1(A).
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Redemption Obligation. The obligation of the Partnership to redeem the Partnership Units as set forth in Section 9.1(A). Redemption Period: The 45-day period immediately following the filing with the SEC by the General Partner of an annual report of the General Partner on Form 10-K or a quarterly report of the General Partner on Form 10-Q or such other period or periods as the General Partner may otherwise determine.
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Redemption Obligation. Units shall be redeemed at the owners' request in accordance with the rules of the UCITS. Notwithstanding the first paragraph, a management company may, in accordance with provisions in the rules of the UCITS, suspend redemption of units. The suspension must be general and apply to all units and can only be applied if exceptional circumstances so warrant and if required by the common interests of unit holders. Suspension of redemption shall not last longer than necessary and shall be notified immediately to the Financial Supervisory Authority and to unit holders; it shall take effect upon the sending of notification. Furthermore, suspension shall be advertised publicly. The Financial Supervisory Authority may demand that redemption of units be suspended if required in the interests of unit holders or the general public. When the suspension of redemption concludes, notification shall be given of the opening of the UCITS in the same manner as provided for in the second paragraph. If suspension lasts for more than four continuous weeks, notification of the opening of the UCITS shall be sent in a letter to unit holders or by other comparable means as promptly as possible. Supervisory authorities in other states of the European Economic Area, where units of the UCITS have been placed on the market, shall be notified of suspension of redemption as provided for in the provisions of this Article.
Sample 1
Redemption Obligation. Notwithstanding anything herein to the contrary, pursuant to the written agreement between the Company and the holders of the 14% Convertible Notes Due April 21, 2000 (of which $888,206 principal amount is presently outstanding), the Company is obligated to redeem the outstanding principal of such notes upon the closing of this transaction. The Company agrees that $1,149,038 of the proceeds from the First Tranche Purchase Price shall remain in the escrow account of the Escrow Agent subsequent to the First Tranche Closing Date. These funds shall only be released as follows: (a) to the Company upon receipt by the Escrow Agent of a written release by the holders of the 14% Convertible Notes Due April 21, 2000 and authorization that such funds may be returned to the Company, (b) to the Company upon receipt by the Escrow Agent of written proof that such notes are no longer outstanding, from the holders thereof and the Company, or (c) to the holders of the 14% Convertible Notes Due April 21, 2000 as payment by the Company of its full obligations under such notes.
Sample 1
Redemption Obligation. (a) If at any time after the Closing Date, any Specified Event described in subparagraphs (c) through (j), inclusive, or (l) through (n), inclusive, of Section 4.01 hereof shall have occurred and be continuing, at the written direction to the Trustee of the Required Percentage of Certificateholders, the Trust shall redeem all but not less than all, of the then outstanding Certificates for the Redemption Price. Upon notice by the Trustee, Telefonica del Peru will be required to pay to the Trustee the Redemption Price, and upon receipt of such payment, the Trustee shall (i) distribute such Redemption Price to the Certificates pro rata and (ii) execute such documents and take such other steps as Telefonica del Peru may reasonably request to convey back to Telefonica del Peru the unpaid balance of the Purchased Receivables. Telefonica del Peru acknowledges that until Telefonica del Peru shall have paid the Redemption Price to the Trustee in full as required pursuant to this Section 4.03(a) or the Trustee shall have otherwise received such amount, the Trustee shall apply all funds in the Collection Account pursuant to clause "Second" of Section 3.03(a) hereof and shall apply all funds in the Certificate Account pursuant to clause "Third" of Section 3.03(b) hereof.
Sample 1
Redemption Obligation. At the closing of any Subsequent Financing, the Company shall be required to use at least 12.5% of the gross proceeds from such Subsequent Financings to offer the Purchasers (and only the Purchasers) holding any outstanding shares of Series B Preferred Stock a redemption right (payable directly out of the closing thereof) of such Subsequent Financing until such time that the Company has redeemed, in the aggregate, at least $1 million of Series B Preferred Stock; provided, however, the maximum redemption amount shall be $1.5 million, in the aggregate, of Series B Preferred Stock following the date that less than 50% of the shares of Series B Preferred Stock held by such Purchaser on the date hereof remain outstanding.
Sample 1
Redemption Obligation. The obligation of the Partnership to redeem the Partnership Units as set forth in Section 9.1(A). 1Redemption Ratio: The ratio (carried out to four decimal places) applied when redeeming Partnership Units for REIT Shares, which shall initially be 1.0. In the event that on or after the date of this Agreement the General Partner (i) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its outstanding REIT Shares in REIT Shares (ii) subdivides its outstanding REIT Shares or (iii) combines its outstanding REIT Shares into a smaller number of REIT Shares, the Redemption Ratio shall be adjusted by multiplying the Redemption Ratio by a fraction, the numerator of which shall be the number of REIT Shares issued and outstanding on the record date (assuming for such purposes such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of REIT Shares (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. In the event that the Partnership (a) declares or pays a distribution on the outstanding ___________________ 1 “Redemption Period” deleted in accordance with Amendment 26 to Partnership Agreement. Partnership Units or makes a distribution to all Partners in Partnership Units, (b) subdivides the outstanding Partnership Units or (c) combines the outstanding Partnership Units into a smaller number of Partnership Units, the Redemption Ratio shall be adjusted by multiplying the Redemption Ratio by a fraction, the numerator of which shall be the actual number of Partnership Units issued and outstanding on the record date (determined without giving effect to such dividend, distribution, subdivision or combination), and the denominator of which shall be the actual member of Partnership Units (determined after giving effect to such dividend, distribution, subdivision or combination) issued and outstanding on such record date. Any adjustment to the Redemption Ratio shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.2
Sample 1
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Redemption Obligation. In case that any of the following occurs: (a) the Target Company failed to consummate the Qualified Listing before June 30th, 2024, or (b) prior to consummation of the Qualified Listing the Founding Shareholder and / or the Target Group have seriously violated the relevant representations, warranties, agreements, commitments and obligations under this agreement (including but not limited to the restructuring plan in serious violation of Appendix I to this Agreement), such that if left unresolved it would prevent the Qualified Listing from consummating before June 30, 2024, the Capital Contributor has the right to request the Company and/or Founding Shareholder to repurchase all or part of the Company’s equity held by Capital Contributor at the original subscription price of the equity plus 3% annual interest per year (From the date of closing day). Capital Increase Agreement for Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. 2.9 MTM has the right to appoint one director in the board of the Target Company after closing; provided, that this right no longer applies after the Qualified Listing.
Sample 1
Redemption Obligation. The Company shall be obligated to redeem all of the outstanding shares of Series B Preferred Stock at par value ($0.001 per outstanding Series B Preferred Stock share) upon the first to occur of the following events: (a) Xxx Xxxxxx is no longer employed by the Company as its Chief Executive Officer or President; or (b) the Executive Employment Agreement dated as of ________, 2008 between the Company and Xxx Xxxxxx has expired or been terminated by Xx. Xxxxxx or the Company; or (c) the shares of Series B Preferred Stock are owned of record or beneficially by any holder other than Xxx Xxxxxx; or (iv) the Company's shares of Common Stock have been approved to be listed on Nasdaq or other national securities exchange; or (v) ________________, 2013. In the event the Company does not so redeem the shares of Series B Preferred Stock when obligated to do so, the provisions of Sections 4.1 (b) and (c) and Sections 4.2 and 4.3 shall automatically terminate.
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Related to Redemption Obligation

  • 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).

  • Notification obligation If the Recipient becomes aware of any unauthorized use or disclosure of Discloser’s Confidential Information, then Recipient will promptly and fully notify the Discloser of all facts known to it concerning such unauthorized use or disclosure. In addition, if the Recipient or any of its employees or agents are required (by oral questions, interrogatories, requests for information, or documents in legal proceedings, subpoena, civil investigative demand, or other similar process) to disclose any of Discloser’s Confidential Information, the Recipient will not disclose the Discloser’s Confidential Information without providing the Discloser with commercially reasonable advance prior written notice to allow Discloser to seek a protective order or other appropriate remedy or to waive compliance with this provision. In any event, the Recipient will exercise its commercially reasonable efforts to preserve the confidentiality of the Discloser’s Confidential Information, including, without limitation, cooperating with Discloser to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded to the Confidential Information.

  • Termination Obligations The Supplier shall comply with all of its obligations contained in the Exit Plan. Upon termination or expiry (as the case may be) or at the end of the Termination Assistance Period (or earlier if this does not adversely affect the Supplier's performance of the Ordered Panel Services and the Termination Assistance and its compliance with the other provisions of this Contract Schedule 2), the Supplier shall: cease to use the Customer Data; provide the Customer and/or the Replacement Supplier with a complete and uncorrupted version of the Customer Data in electronic form (or such other format as reasonably required by the Customer); erase from any computers, storage devices and storage media that are to be retained by the Supplier after the end of the Termination Assistance Period all Customer Data and promptly certify to the Customer that it has completed such deletion; return to the Customer such of the following as is in the Supplier's possession or control: all materials created by the Supplier under this Legal Services Contract in which the IPRs are owned by the Customer; any equipment which belongs to the Customer; any items that have been on-charged to the Customer, such as consumables; and any sums prepaid by the Customer in respect of Ordered Panel Services not delivered by the Expiry Date; vacate any Customer Premises; remove the Supplier Equipment together with any other materials used by the Supplier to supply the Ordered Panel Services and shall leave the sites in a clean, safe and tidy condition. The Supplier is solely responsible for making good any damage to the sites or any objects contained thereon, other than fair wear and tear, which is caused by the Supplier and/or any Supplier Personnel; provide access during normal working hours to the Customer and/or the Replacement Supplier for up to twelve (12) Months after expiry or termination to: such information relating to the Ordered Panel Services as remains in the possession or control of the Supplier; and such members of the Supplier Personnel as have been involved in the design, development and provision of the Ordered Panel Services and who are still employed by the Supplier, provided that the Customer and/or the Replacement Supplier shall pay the reasonable costs of the Supplier actually incurred in responding to requests for access under this paragraph. Upon termination or expiry (as the case may be) or at the end of the Termination Assistance Period (or earlier if this does not adversely affect the Supplier's performance of the Ordered Panel Services and the Termination Assistance and its compliance with the other provisions of this Contract Schedule 2), each Party shall return to the other Party (or if requested, destroy or delete) all Confidential Information of the other Party and shall certify that it does not retain the other Party's Confidential Information save to the extent (and for the limited period) that such information needs to be retained by the Party in question for the purposes of providing or receiving any Ordered Panel Services or termination services or for statutory compliance purposes. Except where this Contract provides otherwise, all licences, leases and authorisations granted by the Customer to the Supplier in relation to the Ordered Panel Services shall be terminated with effect from the end of the Termination Assistance Period.

  • 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:

  • Payment of Liquidated Damages If you supply all or some of your milk to a third party during a Month you must, if required by DFMC, immediately pay to DFMC liquidated damages for that Month calculated as follows: $X = W cents x (Y – Z) Where: $X is the amount payable by you to DFMC for the relevant Month. If $X is a negative amount, no amount is payable by you. Y is the average monthly litres you have supplied to DFMC based on the 12 months immediately preceding the relevant Month (or in the event you have not supplied DFMC for 12 months, the average monthly litres you have supplied to DFMC during the period you have supplied DFMC). Z is the number of litres supplied to DFMC by you for the relevant Month.

  • Obligation Absolute; Partial Liquidated Damages The Company’s obligations to issue and deliver the Conversion Shares upon conversion of this Debenture in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance which might otherwise limit such obligation of the Company to the Holder in connection with the issuance of such Conversion Shares; provided, however, that such delivery shall not operate as a waiver by the Company of any such action the Company may have against the Holder. In the event the Holder of this Debenture shall elect to convert any or all of the outstanding principal amount hereof, the Company may not refuse conversion based on any claim that the Holder or anyone associated or affiliated with the Holder has been engaged in any violation of law, agreement or for any other reason, unless an injunction from a court, on notice to Holder, restraining and or enjoining conversion of all or part of this Debenture shall have been sought and obtained, and the Company posts a surety bond for the benefit of the Holder in the amount of 150% of the outstanding principal amount of this Debenture, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the underlying dispute and the proceeds of which shall be payable to the Holder to the extent it obtains judgment. In the absence of such injunction, the Company shall issue Conversion Shares or, if applicable, cash, upon a properly noticed conversion. If the Company fails for any reason to deliver to the Holder such Conversion Shares pursuant to Section 4(c)(ii) by the Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of principal amount being converted, $10 per Trading Day (increasing to $20 per Trading Day on the fifth (5th) Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Share Delivery Date until such Conversion Shares are delivered or Holder rescinds such conversion. Nothing herein shall limit a Hxxxxx’s right to pursue actual damages or declare an Event of Default pursuant to Section 8 hereof for the Company’s failure to deliver Conversion Shares within the period specified herein and the Holder shall have the right to pursue all remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief. The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.

  • Payment of Notes Called for Redemption (a) If any Redemption Notice has been given in respect of the Notes in accordance with Section 16.02, the Notes shall become due and payable on the Redemption Date at the place or places stated in the Redemption Notice and at the applicable Redemption Price. On presentation and surrender of the Notes at the place or places stated in the Redemption Notice, the Notes shall be paid and redeemed by the Company at the applicable Redemption Price.

  • Payment Obligations Absolute The Company's obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against the Executive or anyone else. Except as provided in Section 14, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • Notification Obligations (a) If by reason of a Force Majeure Event a Party is wholly or partially unable to carry out its obligations under this Agreement, the affected Party shall:

  • Payment Obligation (a) The Subscriber shall bear the obligation to pay the Service Fee to SORACOM from the day when SORACOM starts to provide the Subscriber with the telecommunication channel pursuant to this Agreement.

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