Definition of Change of Control Redemption Premium


Change of Control Redemption Premium means 125%.


Change of Control Redemption Premium means 115%.

Change of Control Redemption Premium means 110%.

Examples of Change of Control Redemption Premium in a sentence

Accordingly, any Change of Control Redemption Premium due under this Section 6(b) is intended by the parties to be, and shall be deemed, a reasonable estimate of the Holder's actual loss of its investment opportunity and not as a penalty.
Accordingly, any Change of Control Redemption Premium due under this Section 5(b) is intended by the parties to be, and shall be deemed, a reasonable estimate of the Holder’s actual loss of its investment opportunity and not as a penalty.
Each Preferred Share subject to redemption pursuant to this Section 6(b) shall be redeemed by the Company in cash at a price equal to the product of the Change of Control Redemption Premium multiplied by the Stated Value (the “Change of Control Redemption Price”).
The Corporation shall make payment of the applicable Change of Control Redemption Premium concurrently with the consummation of such Change of Control if a Change of Control Redemption Notice is received prior to the consummation of such Change of Control (the “Change of Control Redemption Date”).
Subject to applicable law, the Redeeming Party shall effect any such redemption pursuant to this Section 8 by paying cash for each share of Preferred Stock to be redeemed in an amount equal to (x) the Liquidation Preference multiplied by (y) the Change of Control Redemption Premium for such share of Preferred Stock on such Change of Control Redemption Date (such product, the “ Change of Control Redemption Price”).



More definitions of Change of Control Redemption Premium

Change of Control Redemption Premium means 130%.


Change of Control Redemption Premium means 120%.

Change of Control Redemption Premium means (i) for Change of Control Notice delivered or required to be delivered in connection with a Change of Control prior to the third (3rd) anniversary of the Issuance Date, 125% and (ii) for any Change of Control Notice delivered or required to be delivered in connection with a Change of Control following the third (3rd) anniversary of the Issuance Date, 115%; provided, however, that, in connection with any Change of Control in which the Change of Control Consideration equals or exceeds $8.00 per share, then the Change of Control Redemption Premium shall equal 100%.

Change of Control Redemption Premium means (a) on or prior to the first anniversary of the Issue Date, 125%, (b) after the first anniversary of the Issue Date but on or prior to the second anniversary of the Issue Date, 120%, (c) after the second anniversary of the Issue Date but on or prior to the third anniversary of the Issue Date, 115%, (d) after the third anniversary of the Issue Date but on or prior to the sixth anniversary of the Issue Date, 110% and (e) thereafter, 105%.

Change of Control Redemption Premium means (i) for Change of Control Notice delivered or required to be delivered in connection with a Change of Control prior to the first (1st) anniversary of the Initial Issuance Date, 115%, (ii) for Change of Control Notice delivered or required to be delivered in connection with a Change of Control on or following the first (1st) anniversary of the Initial Issuance Date but prior to the second (2nd) anniversary of the Initial Issuance Date, 112%, and (iii) for any Change of Control Notice delivered or required to be delivered in connection with a Change of Control on or following the second (2nd) anniversary of the Initial Issuance Date, 110%.

Change of Control Redemption Premium means [INSERT IN INITIAL NOTE: 125%][INSERT IN ADDITIONAL NOTE: 110%].

Change of Control Redemption Premium means 118%.