Redemption Process Sample Clauses
Redemption Process. On any Business Day on and after September 30th, 2008, an Authorized Participant may submit a Redemption Order, substantially in the form of EXHIBIT C to the Participants Agreement (or to the extent that such order is electronic, such order shall include the information set forth on such exhibit), to the Administrative Agent by the Order Cut-Off Time on such Business Day (such Business Day, "T," and any number added to T shall refer to such day plus the number of Business Days following such day) to redeem Paired Shares consisting of one or more MacroShares Units. Any Redemption Order that is placed after the Order Cut-off Time shall be void and may be resubmitted on the next Business Day based on the Underlying Value on the last calendar day preceding such Business Day. In connection with the Redemption Order, the Authorized Participant shall have on deposit in its Participant Custodian Account and available to the Trustee by 10:00 a.m. New York City time on T+1 or, if T is an X or an X+1 Date, on T+3 the following: · the Transaction Fee for the MacroShares being redeemed; · Paired Shares which constitute one or more MacroShares Units; and · the Redemption Cash Component, if needed (such amount, the "Redemption Cash Component Amount"), which is an amount equal to the excess of the purchase price of the Eligible Treasuries delivered by the Trustee to the Authorized Participant over the funds to which the Authorized Participant is eligible due to minimum denominations on the Eligible Treasuries on deposit in the Paired Trusts. Upon the satisfaction of the conditions set forth above, the Trustee, on behalf of the applicable Paired Trust and as instructed by the Administrative Agent, shall deliver cash from the applicable Netting Account or, in the event that the amount of cash in the applicable Netting Account is insufficient, deliver cash and/or Eligible Treasuries pursuant to the applicable Trust Agreement to the redeeming Authorized Participant to fill the Redemption Order on T+1 (or on T+3 if T is an X or an X+1 Date) by 3:00 p.m. New York City time to an account designated by the Authorized Participant and, as instructed by the Administrative Agent on a Net Daily Basis, adjust the notional amount of the Income Distribution Agreement and, if required, cancel the Settlement Contracts associated with the MacroShares Units being redeemed. Attachment A-17 REDEMPTION PROCEDURES REDEMPTION ORDER DATE (T)
Redemption Process. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2017CDE Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price of the affected Series 2017CDE Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2017CDE Bonds called for redemption will become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 20l 7CDE Bonds called for redemption, thereafter, no interest will accrue on those Series 2017CDE Bonds, and a bondholder's only right will be to receive payment of the Redemption Price upon surrender of those Series 2017CDE Bonds.
(a) 4.P.
Redemption Process. Upon the occurrence of a Redemption Event, 4.3. Proceso de rescate. En caso de que se produzca un Supuesto de Rescate,
Redemption Process. (a) If the Company elects to redeem Class A Limited Membership Interests (the applicable redemption or repurchase date, the “Class A Purchase Date”) pursuant to Section 15.1, the Company shall provide at least five (5) days’, but not more than sixty (60) days’, prior notice of such election, which notice shall be sent or delivered to the Administrative Agent (or to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed, if no Administrative Agent is appointed at the time). If the notice required under the preceding sentence is sent or delivered to the Administrative Agent, the Managing Member or, at its option, the Administrative Agent shall deliver a copy of such notice to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed.
Redemption Process. The Corporation may exercise its right of ------------------- redemption by giving the Redemption Notice to the Holder, setting forth the intention of the Corporation to redeem all or any part of the outstanding Note on a date ("Redemption Date") no less than 10 nor more than 60 days following ---------------- the date of the Redemption Notice. Delivery of payment of the redemption amount in United States funds to the Holder on the Redemption Date shall be a good and sufficient discharge to the Corporation of the debt evidenced by this Note or of any lesser amount redeemed and, if less than the full amount of debt represented by the Note is redeemed, the Corporation shall deliver to the Holder a replacement Note representing the balance of the debt which remains outstanding. Delivery of the Redemption Notice shall not impede the right of the Holder to convert this Note pursuant to its terms at any time prior to the close of business on the tenth day following receipt by Holder of a Redemption Notice; provided that such period for Conversion may be extended by the Corporation at its sole and absolute discretion.
Redemption Process. The redemption of Shares shall take place only in integral numbers of Creation Units in compliance with the following rules:
Redemption Process. An order to redeem one or more Redemption Baskets placed by a Participant with the Distributor by a telephone call placed by the Order Cut-off Time on a Business Day (such day, “Redemption Order Date”) results in the following taking place by noon, Eastern Time, on the Business Day immediately following the Redemption Order Date (the “Redemption Settlement Time”): if the applicable Trust’s account at the Depository has by the Redemption Settlement Time been credited with the Redemption Baskets being tendered for redemption and the Trust has received the Transaction Fee, the Participant shall receive the Redemption Distribution as recorded on the book entry system of the Depository.
Redemption Process. OVERVIEW
Redemption Process. 5.2.1 The Company and the Shareholders, as provided in Section 5.1 above, may execute the redemption right pursuant to this Section 5.2 by informing the Leaver thereof in writing. Such notice shall be submitted within three months from: (i) the date when a notice of termination of the Service Relationship was given, regardless of whether such notice was given by the Company or the Leaver in question; (ii) the date when the Service Relationship ended, if such Service Relationship terminated without notice; or (iii) where the Minority Shareholder or the Founder doesn’t have Service Relationship or has entered into an employment agreement with the Company without a working obligation, one month following the date when the Company requested for the second time for the Founder or the Minority Shareholder to contribute to the Business in the agreed roles. Similar process is introduced in Section 6.4. if shareholder's shares are redeemed due to breach of material provision.
5.2.2 The three-month period shall, however, not begin before the Board has been informed of the event triggering such repurchase right in writing. The notice submitted to the Leaver shall contain the identity of the purchaser(s).
Redemption Process. If the Trustee gives an unconditional notice of redemption, then on the redemption date the Series 2017A Bonds called for redemption will become due and payable. If the Trustee gives a conditional notice of redemption and holds money to pay the Redemption Price of the affected Series 2017A Bonds and upon satisfaction of any other conditions provided for in such conditional notice of redemption, then on the redemption date the Series 2017A Bonds called for redemption will,become due and payable. In either case, if on the redemption date the Trustee holds money to pay the Series 2017A Bonds called for redemption, thereafter, no interest will accrue on those Series 2017A Bonds, and a bondholder's only right will be to receive payment of the Redemption Price upon surrender of those Series 2017A Bonds. Section 204. Application of the Proceeds of the Series 2017A and Series 2017B Application o(the Proceeds o(the Series 2017A Bonds. The proceeds (including any premium) of the Series 2017A Bonds, and any other sources specified by the Director in an Officer's Certificate filed with the Trustee, shall be applied by the Trustee from time-to-time as follows: