Direct Redemption definition

Direct Redemption has the meaning set forth in Section 9.01(c).
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Direct Redemption means the points redemption option that enables you to shop and redeem your points directly at checkout for purchases made at participating online retailers. “Earn Rate” means the rate at which points are earned for your Rewards Account for Transactions conducted on the Account, as determined by us from time to time.
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Examples of Direct Redemption in a sentence

  • Secondary Market – Direct Redemption ETF Shares of a Fund purchased on the Secondary Market cannot usually be sold directly back to the ICAV.

  • The Sponsor shall pay the redemption proceeds for any Company Direct Redemption Order by 4:00 p.m. Eastern time on the Business Day following the trade date (T+1), subject to the provisions of this Agreement regarding delayed or in-kind settlement of redemptions.

  • The Direct Redemption method to withdrawals and switches is available to investors on request.

  • Secondary Market – Direct Redemption Shares of a Fund purchased on the Secondary Market cannot usually be sold directly back to the ICAV.

  • The Funds’ Trust Deeds provides two methods for processing withdrawals or switches from a Fund, Manager Repurchase and Direct Redemption.

  • Social security has not eliminated aged poverty, but it has been largely responsible for a reduction in the aged poverty rate from 35 percent back in 1959 to 11 percent today.

  • Tax will be payable on the Direct Redemption dividend at your marginal tax rate and any excess imputation credits and RWT deducted can be used to offset tax payable on other income.

  • If the Direct Redemption method is applied to your withdrawal or switch, you will receive a Dividend Statement and if you are required or choose to file a tax return, you should include the taxable dividend, imputation credits and/or RWT deducted in that tax return.

  • While the summary which follows is intended as a guide, it is important to seek professional tax advice on what is most appropriate for your individual circumstances before deciding between the two options – namely Manager Repurchase and Direct Redemption.

  • Direct Redemption Method Under this option your units are redeemed or sold directly to the relevant Fund.Increases in the value of the units redeemed are generally treated as a taxable dividend and imputation credits may be attached and Resident Withholding Tax (“RWT”) deducted from the amount paid to you by the Fund.

Related to Direct Redemption

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Tax Event Redemption means, if a Tax Event shall occur and be continuing, the redemption of the Notes, at the option of the Company, in whole but not in part, on not less than 30 days nor more than 60 days' written notice.

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • 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.

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

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

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.

  • Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.

  • Redemption Event has the meaning set forth in Section 3.4.

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

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

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • 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;

  • Early Redemption Notice means an irrevocable notice from the Issuer to Noteholders in accordance with Condition 23 (Notices) (or, in the case of Condition 8(f) (Redemption Following the Occurrence of an Event of Default), from the Trustee to the Issuer) that specifies that the Notes are to be redeemed pursuant to one of Conditions 8(c) (Redemption Following a Collateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default). An Early Redemption Notice given pursuant to Condition 8 (Redemption and Purchase) must contain a description in reasonable detail of the facts relevant to the determination that the Notes are to be redeemed and, in the case of an Early Redemption Notice given by the Issuer, must specify the anticipated Early Redemption Date and which of Conditions 8(c) (Redemption Following aCollateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default), as the case may be, are applicable. A copy of any Early Redemption Notice shall also be sent by the Issuer, or the Trustee, as the case may be, to all Transaction Parties, save that any failure to deliver a copy shall not invalidate the relevant Early Redemption Notice.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Make-Whole Redemption Amount means the sum of:

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.