Forced Redemption definition

Forced Redemption shall have the meaning set forth in Section 4.07(c).
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Forced Redemption means a redemption by the Manager upon a Unitholder becoming a non-resident or a “designated beneficiary” as defined in section 210 of the Tax Act;
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Forced Redemption means the termination of this Agreement as may be decided by the Company from time to time;
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Examples of Forced Redemption in a sentence

  • A Forced Redemption Notice shall be provided in the manner provided in Section 15.01.

  • In order to exercise its right of Forced Redemption, the Partnership shall deliver a notice (a “Forced Redemption Notice”) in the form attached as Exhibit E to the applicable LTIP Unitholder not less than 10 nor more than 60 days prior to the Conversion Date specified in such Forced Redemption Notice.

  • A Forced Redemption Notice shall be provided in the manner provided in Section 15.2.

  • If the Investor timely makes a Fundamental Change Forced Redemption Election, then the Partnership will redeem all of the Outstanding Series A Preferred Units for cash and Common Units in an amount per Outstanding Series A Preferred Unit equal to the Fundamental Change Redemption Consideration.

  • In addition to any information required by applicable law, such Series A Forced Redemption Notice shall state: (1) the Series A Redemption Date; (2) the Series A Forced Redemption Price; (3) the wire instructions of the Series A Preferred Unitholder; and (4) the aggregate amount of Series A Preferred Units to be redeemed.

  • If the Investor does not timely make a Fundamental Change Forced Redemption Election, then each Series A Preferred Unit Outstanding immediately prior to the consummation of the Fundamental Change will automatically be converted into the right to receive the Fundamental Change Conversion Consideration pursuant to this Section 5.13(b)(ix)(B)(b).

  • A Forced Redemption Notice shall be provided in the manner provided in Section 15.1.

  • Notwithstanding the giving of any Forced Redemption Notice, the Holder shall have the right to convert the principal and accrued and unpaid interest on this Note pursuant to Section 4 at any time on or prior to 5:00 p.m., New York time, on the Forced Redemption Date.

  • The Company may at any time cause a Forced Redemption by the Investor in the event of an Overage (with respect to the number of R▇▇▇ causing the Overage, or all of the User’s R▇▇▇) or in the event of a Breach (all of the user’s R▇▇▇).

  • Following a redemption of this Note in accordance with this Section 6, the Holder shall as soon as practicable and in no event later than two (2) Business Days after receipt of the Forced Redemption Price and at its own expense surrender this Note to a nationally recognized overnight delivery service for delivery to the Company (or an indemnification undertaking with respect to this Note in the case of its loss, theft or destruction as contemplated by Section 14(b)).