Common Redemption Amount definition

Common Redemption Amount means either the Cash Amount or the REIT Shares Amount, as selected by the General Partner pursuant to Section 8.04(b) hereof.
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Common Redemption Amount means the lesser of (a) the product of (i) five (5) times the Company's net income before interest, taxes, depreciation and amortization ("EBITDA") as determined by the Company's independent accountants for the Company's fiscal year ending closest to December 31, 2003 and (ii) the percentage of membership interest represented by the Common Interest or (b) Four Hundred Thirty-Two Thousand Eight Hundred Eighty-Three Dollars ($432,883). The redemption of the entire Common Interest shall be completed within five (5) business days of the exercise of such put or call right and shall be effected by execution and delivery by Wyndham and the Company of an Assignment and Acceptance of Membership Interests in the form attached hereto as Exhibit 6 and payment by the Company to Wyndham of the Common Redemption Amount. Immediately prior to the Common Redemption Date, the Company shall have the right to admit one of Northridge's Affiliates as a member of the Company on such terms as the Company and such Affiliate shall agree, as long as such admission is effectively conditioned (to the reasonable satisfaction of Wyndham) on the consummation of the redemption of the Common Interest by the Company. IHC and Northridge hereby agree and guaranty for the benefit of Wyndham that they shall cause capital contributions to be made to the Company in order to fund payment of the Common Redemption Amount, to the extent the Common Redemption Amount exceeds the amounts available from the Company's operating cash flow, and such obligation and guaranty of IHC and Northridge to cause such capital contributions to be made to the Company shall not be affected in any respect by an assignment of Northridge's membership interest in the Company to an affiliate as permitted under the Amended LLC Agreement. In connection with the redemption of the Common Interests, the Company and Wyndham shall cooperate in making any Hart-Xxxxx-Xxxxxx xxxing, if any, as may be deemed necessary under the then applicable laws and regulations, and the Company and Wyndham shall each pay one-half (1/2) of any filing fees in connection therewith.
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Examples of Common Redemption Amount in a sentence

  • The Fund is duly registered under the 1940 Act as a closed-end, diversified management investment company and the 1940 Act Notification has been duly filed with the Commission and, at the time of filing thereof and at the time of filing any amendment or supplement thereto, conformed in all material respects with all applicable provisions of the 1940 Act and the 1940 Act Rules and Regulations.

  • The redemption of the entire Common Interest shall be completed within five (5) business days of the exercise of such put or call right and shall be effected by execution and delivery by Wyndham and the Company of an Assignment and Acceptance of Membership Interests in the form attached hereto as Exhibit 6 and payment by the Company to Wyndham of the Common Redemption Amount.

  • All 15 newly hired employees shall be required to pay for their own medical 16 examinations.

Related to Common Redemption Amount

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Make-Whole Redemption Amount means the sum of:

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Early Redemption Amount (Tax) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).