REDEMPTION OF THE BRIDGE INSTRUMENTS Sample Clauses

REDEMPTION OF THE BRIDGE INSTRUMENTS. One day prior to the consummation of the Holdings IPO, KGI shall redeem from KSI and cancel all of the Bridge Instruments held by KSI in exchange for an amount of the net intercompany payables owing from KSI to KGI equal in fair value to the Bridge Instruments redeemed and canceled. The Celerity Group and the KSI Group intend to structure the redemption of the Bridge Instruments as a redemption of stock by KGI for its fair value within the meaning of Section 317(b) of the Internal Revenue Code of 1986, as amended.
AutoNDA by SimpleDocs

Related to REDEMPTION OF THE BRIDGE INSTRUMENTS

  • Redemption of the Debentures SECTION 3.1. Tax Event and Regulatory Capital Event Redemption..................................................... 7 SECTION 3.2. Optional Redemption by Company................................. 8 SECTION 3.3.

  • Redemption of the Notes SECTION 3.01.

  • Redemption and Waiver (a) The Board of Directors acting in good faith may, with the prior approval of the holders of Voting Shares or of the holders of Rights given in accordance with Section 5.1(i) or (j), as the case may be, at any time prior to the occurrence of a Flip-in Event as to which the application of Section 3.1 has not been waived pursuant to the provisions of this Section 5.1, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that an event of the type analogous to any of the events described in Section 2.3 shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

  • Maturity, Redemption and Purchases (a) Unless previously redeemed for tax reasons as provided in the terms and conditions of the Bonds, or repurchased by Canada, as provided below, the principal amount of the Bonds is due and payable on November 15, 2022.

  • Redemption and Purchase (a) Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note (including each Index Linked Redemption Note and Dual Currency Redemption Note) will be redeemed by the Issuer at its Final Redemption Amount specified in, or determined in the manner specified in, the applicable Pricing Supplement in the relevant Specified Currency on the Maturity Date.

Time is Money Join Law Insider Premium to draft better contracts faster.