Applicable Redemption Date definition

Applicable Redemption Date has the meaning set out in Section 6(b) of this Part 2;

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Applicable Redemption Date means (a) with respect to the mandatory redemption of the Series B Interests, the Series C Interests, the Series D Interests or the Series E Interests, the date upon which the Series B Term, the Series C Term, the Series D Term or the Series E Term shall expire, as the case may be; (b) with respect to any redemption pursuant to Section 6.2, the date as of which the Company gives effective notice of such redemption under Section 14.2 to the Member or other Person whose Member Interests are to be redeemed thereunder; and (c) with respect to any redemption pursuant to Section 6.3, the date as of which the Company receives effective notice of such redemption under Section 14.2 from the Member that is exercising its right of redemption thereunder.

Applicable Redemption Date has the meaning set forth in Section 12. Any Person shall be deemed to “beneficially own” any securities that such Person is deemed to “beneficially own” within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act; provided that any Person shall be deemed to beneficially own any securities that such Person has the right to acquire, whether or not such right is exercisable within sixty (60) days or thereafter.

Examples of Applicable Redemption Date in a sentence

• Upon redemption of any Member Interest, the holder thereof shall be entitled to receive the amount it would be entitled to receive under Sections 13.7 and 13.9 had the Company been dissolved as of the Applicable Redemption Date.

• In the event the Company is redeeming the Member Interests of more than one Member at the same time, proceeds of such redemptions shall be paid to such Members pro rata in accordance with their respective Capital Accounts as of the beginning of the Accounting Period during which the Applicable Redemption Date occurs.

• The holder of any First Preferred Shares may revoke such Retraction Notice prior to the Applicable Redemption Date only with the consent of the Corporation.

• On the tenth Applicable Redemption Date for such shares of Class A Preferred Stock the Corporation shall redeem, without prior notice to the Holder, out of funds legally available therefor, the balance of the number of shares of Class A Preferred Stock issued on such date of issuance, by paying to the Holder the aggregate Redemption Value for such Class A Preferred Stock so redeemed plus any accrued but unpaid dividends thereon.

• On the twelfth Applicable Redemption Date for such shares of Class A Preferred Stock the Corporation shall redeem, without prior notice to the Holder, out of funds legally available therefor, the balance of the number of shares of Class A Preferred Stock issued on such date of issuance, by paying to the Holder the aggregate Redemption Value for such Class A Preferred Stock so redeemed plus any accrued but unpaid dividends thereon.

• The holder of any Second Preferred Shares may revoke such Retraction Notice prior to the Applicable Redemption Date only with the consent of the Corporation.

• On or immediately following the Closing Date, Sellers will cause the Current Trustee to give a notice of redemption under all of the then outstanding Bonds (the "Then Outstanding Bonds") (it being acknowledged that Sellers may cause the 1992 Bonds to be satisfied (defeased) prior to Closing), with such redemption to take place as soon as practicable following the date of such notice but in no event later than ninety (90) days following the Closing Date (the "Applicable Redemption Date").

• The Company may, in the sole discretion of the Manager, make such distribution in cash or DI Shares, which shares shall be deemed to have been sold at their Fair Market Value as of the Applicable Redemption Date.

• The fair market value of the shares of Common Stock shall be determined by an independent appraiser selected by the Corporation and approved by a majority of the holders of the Series AA Preferred Stock; provided, however, that in the event that shares of Series CC Preferred Stock are to be redeemed on the same Applicable Redemption Date, the independent appraiser shall be selected by the Corporation and approved by a majority of the holders of the Series CC Preferred Stock.

• The right to convert shares of Series B Preferred Stock called for redemption pursuant to Section 7 hereof shall terminate at the close of business on the Business Day preceding the Applicable Redemption Date and shall be lost if not exercised prior to that time, unless the Company shall default in payment of the Applicable Redemption Price.

More Definitions of Applicable Redemption Date

Applicable Redemption Date means, in relation to (as applicable) all or any of the Notes in a Tranche of Notes, the date on which such Note(s) is/are due to be redeemed in terms of the Applicable Terms and Conditions being:

Applicable Redemption Date has the meaning given thereto in Section 7(iv) hereof.

Applicable Redemption Date means, in relation to all or any of the Notes in a Tranche of Notes (as applicable), the Maturity Date or the Optional Redemption Date (Noteholder) or the Optional Redemption Date (Issuer) or the Early Redemption Date or any other date on which that Tranche of Notes (or any Note/s in that Tranche) is/are due to be redeemed (in whole or in part) in terms of the Applicable Note Terms and Conditions, as applicable;

Applicable Redemption Date means, with respect to any shares of Class A Preferred Stock, each of the 3rd, ▇▇▇, ▇▇▇, ▇▇▇, ▇▇th, 13th, 15th, 17th, 19th, 21st, 23rd and 25th Quarterly Dates immediately following the date of issuance of such shares of Class A Preferred Stock.