Redemption Terms Sample Clauses
The Redemption Terms clause defines the conditions and procedures under which a party, typically an investor or shareholder, can redeem or repurchase their interest in a security or financial instrument. It outlines key details such as the timing, price, notice requirements, and any restrictions or penalties associated with redemption. For example, it may specify that shares can be redeemed after a certain holding period or at a predetermined price. This clause serves to provide clarity and predictability for both parties, ensuring that the process for redeeming interests is transparent and agreed upon in advance, thereby reducing the risk of disputes.
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Redemption Terms. The Series 2025-1 Notes may be redeemed in whole or, in connection with a Permitted Disposition or the application of Excess Hedge Amounts, in part, at the direction of the Issuer on any Redemption Date. For the avoidance of doubt, no Redemption Price shall be paid in connection with principal amounts redeemed solely as a result of the Issuer’s receipt and application of amounts pursuant to Section 8.6(iv) of the Indenture (including any Excess Hedge Amounts).
Redemption Terms. The Class A Preferred Security shall not be redeemable.
Redemption Terms. (i) On June 30, 2018 (the “Initial Redemption Date”) and on any Class B Payment Date falling on or after the Initial Redemption Date, the Class B Preferred Securities shall be redeemable at the option of the Company, in whole but not in part, at a redemption price per Class B Preferred Security equal to the Class B Liquidation Preference Amount, plus any accrued and unpaid Capital Payments in respect of the then current Class B Payment Period to but excluding the date of redemption (the “Class B Redemption Date”), plus, in respect of the Upper Tier 2 Percentage of the Class B Preferred Securities, all outstanding Arrears of Payments, if any, on such portions, plus Additional Amounts, if any, on such portion (the sum of which is the “Redemption Price”), provided that, the Company may exercise its right to redeem the Class B Preferred Securities only if (A) the Company has given 30 calendar days’ prior notice (or such longer period as may be required by the relevant regulatory authorities) to the Class B Preferred Securityholders of its intention to redeem the Class B Preferred Securities on the Class B Redemption Date and (B) the Company has obtained any required regulatory approvals.
(ii) The Company shall have the right, upon the occurrence of a Company Special Redemption Event, to redeem the Class B Preferred Securities at any time upon at least 30 calendar days’ prior notice, in whole but not in part, at the Redemption Price, subject to the Company having obtained any required regulatory approvals.
(iii) In the event that payment of the Redemption Price in respect of any Class B Preferred Securities is improperly withheld or refused and not paid, Capital Payments on such Class B Preferred Securities shall continue to accrue at the Stated Rate from the designated Class B Redemption Date to the date of actual payment of the Redemption Price, in which case the actual payment date shall be considered the Class B Redemption Date for purposes of calculating the Redemption Price.
(iv) No redemption of the Class B Preferred Securities shall take place for any reason unless on the Class B Redemption Date (i) the Company has an amount of cash funds (by reason of payments on the Obligations or the Class B Preferred Guarantee) at least equal to the Redemption Price, plus Additional Amounts, if any, (ii) the Company has an amount of Operating Profits for the current Class B Payment Period at least equal to the Capital Payments on the Class B Preferred Securities and...
Redemption Terms. (i) On or after September 30, 2008, the Preferred Securities shall be redeemable at the option of the Company, in whole or in part, subject to prior approval of the Guarantor and the Dutch Central Bank, if such approval is required at the time of redemption, at a redemption price of $25.00 per Preferred Security, plus Additional Amounts, if any, plus any accumulated and unpaid dividends for the then current Dividend Period through the date of redemption ("Redemption Price").
(ii) If fewer than all the outstanding Preferred Securities are to be redeemed, then the number of Preferred Securities to be redeemed shall be determined by the Board of Directors, and the securities to be redeemed shall be determined by lot or pro rata as may be determined by the Board of Directors in its sole discretion to be equitable, provided, that such method satisfies any applicable requirements of any securities exchange on which the Preferred Securities or any Trust Preferred Securities may then be listed and, if the Preferred Securities or Trust Preferred Securities are then held by DTC or its nominee in the form of a global security, any applicable requirements of DTC. The Company shall promptly notify the Registrar and Transfer Agent for the Preferred Securities in writing of the Preferred Securities selected for partial redemption and, in the case of any Preferred Securities selected for partial redemption, the liquidation preference thereof to be redeemed.
(iii) Upon the occurrence of a Special Redemption Event, the Company shall have the right to redeem the Preferred Securities in whole (but not in part), at any time, subject to prior approval of the Guarantor and the Dutch Central Bank, if such approval is required at the time of redemption, at the Redemption Price.
(iv) In the event that payment of the Redemption Price in respect of any Preferred Securities is improperly withheld or refused and not paid either by the Company or by the Guarantor pursuant to the LLC Guarantee, dividends on such Preferred Securities, shall continue to accumulate from the date fixed for redemption to the date of actual payment of such Redemption Price. Any redemption of Preferred Securities, whether at the option of the Company or upon the occurrence of a Special Redemption Event, shall not require the vote or consent of any of the Preferred Securityholders and may be effected only with the prior approval of the Guarantor and the Dutch Central Bank, if required.
Redemption Terms. The Debentures shall be redeemable at the expiry of 24 months from the date of their issue. In the event of the company failing to redeem the Debentures upon being called upon to do so, the company shall be liable to pay penal interest compounded on a daily basis at a rate of 4 % per annum over and above the normal interest rate payable by the company from the date of default till the date of actual redemption. This remedy shall be in addition to all other remedies available with the Debenture holder.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership at any time prior to maturity in an amount equal to the principal thereof and Make-Whole Amount (as defined in the Indenture), if any, and interest thereon.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership:
(a) at any time prior to December 15, 2022, in an amount equal to the sum of (i) the principal amount thereof, plus accrued and unpaid interest thereon and (ii) the Make-Whole Amount (as defined in the Indenture), if any; and
(b) on or after December 15, 2022, in an amount equal to the principal amount thereof, plus accrued and unpaid interest thereon.
Redemption Terms. Eighty five percent (85%) of the total value of each partial delivery of the equipment in operation shall be paid in 20 biannual installments, equal and consecutive. The first installment shall be due six (6) months after each date of the transaction of receipt of the goods and their placing in operation. E)
Redemption Terms. Optional — redeemable prior to maturity, at any time in whole or from time to time in part, at the option of the Company at a make-whole redemption price (as defined and described in further detail in the Prospectus Supplement).
Redemption Terms. In the event that any Designated Number of Redemption Event Shares are to be redeemed pursuant to this Section 5, the following terms and conditions shall apply.