Excess Redemption Amount definition

Excess Redemption Amount means the portion of the Corporation Redemption Amount in excess of $25 million;
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Excess Redemption Amount shall have the meaning given to such term in Section 11.3(a) of this Agreement.
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Excess Redemption Amount shall be equal to the number of shares of Parent common stock in excess of 6,385,482 shares that are to be redeemed for pro rata shares of the funds being held in a trust account established in connection with Parent’s initial public offering.
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Examples of Excess Redemption Amount in a sentence

  • The redemption price for Units held by a Limited Partner that suffered a Death/Disability Event and the calculation and payment of any Excess Redemption Amount shall be determined in the same manner as ordinary redemption requests, except that the General Partner shall waive the five percent (5%) early redemption penalty in connection with Units held for at least one (1) year but less than two (2) years.

  • To the extent the applicable, in the event of the payment of an Excess Redemption Amount, the Company shall by wire transfer of immediately available funds to an account designated by Purchaser effect payment of such amount to Purchaser at the Closing.

  • The Company shall have delivered the Excess Redemption Amount to the Purchaser, if applicable.

  • The combination of the Exchange Shares plus the Excess Redemption Amount or the Cash Purchase Price, as applicable, shall be referred to herein as the “Purchase Price Consideration”.

  • The number of Backstop Shares set forth in the Closing Notice shall be adjusted at the Closing as necessary upon final determination (and certification to Subscriber) of the Excess Redemption Amount.


More Definitions of Excess Redemption Amount

Excess Redemption Amount has the meaning specified in Section 3.4(b).
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Excess Redemption Amount means the portion of the aggregate Consideration for the Common Shares purchased for cancellation by Brookfield Residential in excess of $25 million.
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Related to Excess 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;

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

  • 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.

  • Maximum 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.