Full Redemption definition

Full Redemption means all holders of 25,300,000 of ION’s Public Shares exercise their redemption rights and that such shares are redeemed for their pro rata share ($10.00 per share) of the funds in the Trust Account for aggregate redemption proceeds of $253,000,000.
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Full Redemption. On or before 2:00pm EST on August 31, 2023 (the “Final Redemption Date”), the Company shall redeem all of the outstanding Series A Preferred Units by paying to the Purchaser, in immediately available funds, an aggregate amount equal to $132,500,000 (the “Final Redemption Price”). The payment and receipt of the Final Redemption Price shall be in full and complete satisfaction of the requirement of the Company to pay the Obligations under the Agreement, and upon receipt of such payment and the payment of any outstanding fees or other amounts, the Purchaser shall deliver to the Company for cancellation, the certificate or certificates representing the then issued and outstanding Series A Preferred Units held by the Purchaser or on its behalf, and the Agreement and other Transaction Documents shall be deemed terminated (except for any provisions thereof that, by their specific terms, survive termination). Notwithstanding the foregoing, the Parties acknowledge that they shall continue negotiations, in good faith, towards ensuring the redemption transaction noted herein on the Final Redemption Date is done on a tax efficient basis. In the event that the Final Redemption Price is not paid by the date indicated above, such failure shall constitute a Trigger Event, and in addition to the remedies indicated in Section 7.2 of the Agreement, the Company agrees that effective as of September 1, 2023, it will execute and agree to be bound by, and shall irrevocably be deemed to have entered into, a credit agreement with the Agent and the Purchaser in substantially the form attached as Schedule “A” to the Second Amendment (with any revisions required and agreed to by the parties in order to ensure such transaction is done on a tax efficient basis, the “Credit Agreement”) and together with any ancillary agreements, documents, certificates, guarantees or deliverables contemplated by such Credit Agreement (collectively, the “Credit Documents”), and such Credit Agreement shall be a modification and replacement of this Agreement, and the liabilities, obligations, covenants and requirements of this Agreement shall be replaced by the liabilities, obligations, covenants and requirements of the Credit Agreement and all such security, liens and registrations provided pursuant to this Agreement (or ancillary agreements) shall continue and remain in place unaffected. Further, upon execution of the Credit Agreement and all Credit Documents (including without limitation any guarantees ...
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Examples of Full Redemption in a sentence

  • Insurance cover will Continue till the age of 55 years provided there is no partial / Full Redemption / Switch out.

  • Insurance cover will Continue till the age of 55 years provided there is no partial / Full Redemption / Switch out.2 Only the First / Sole unit holder will be covered under the insurance.

  • Full Redemption of 9.90% 1360 Unsecured, Non – Convertible, Redeemable Debentures of face value` 10,00,000 each aggregating to ` 136 crores (Rupees One Hundred Thirty Six Crores Only) on 24th February, 2017.

  • In the event of Full Redemption I/We understand that this request will be treated as notice for termination for the Portfolio Management Services Agreement and I/We understand and agree that the clauses of the Portfolio Management Services Agreement with regard to termination shall be binding on me/us.

  • Select only one)(Refer to the applicable Company’s share redemption program or contact us for the current Share Repurchase price) Full Redemption.

  • Notice of the Corporation's election to make such deposit, including the date on which the Full Redemption Price per share will be available, and the name and address of the bank or trust company with which the deposit has been or will be made, shall be included in the notice of redemption.

  • Full Redemption of 2% 3000 Secured, Non- Convertible, Redeemable Debentures of face value5,00,000 each aggregating to 150 crores (Rupees One Hundred and Fifty Crores Only) on 22nd March, 2017.Mumbai, May 25, 2017 For BNP & Associates Company Secretaries[Firm Regn.

  • In the event that the Company does not pay the Mandatory Full Redemption Price to Holder on a timely basis as described in this Section 4, in addition to any remedy otherwise available to Holder hereunder or under the Securities Purchase Agreement, such unpaid amount shall bear interest at the Default Rate until paid in full.

  • In the case of any Shortfall Redemption, the difference between the Full Redemption Amount and the Actual Redemption Amount (the Shortfall Amount) shall not become due and payable by the Company at the time of such Shortfall Redemption or at any time thereafter and the relevant Noteholder shall have no further claim of any kind at any time against the Company in respect of the Shortfall Amount.

  • In the case of any redemption of the Note in accordance with Condition 5.1 or Condition 5.2, the Company shall redeem the Note in an amount equal to the paid-up amount of the Note, plus any unpaid Periodic Return thereon (the Full Redemption Amount), subject always to the following provisions of this Condition 5 and in accordance with the Priority of Payments.


More Definitions of Full Redemption

Full Redemption shall have the meaning set forth in the Limited Partnership Agreement.
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Full Redemption means redeeming the product or services via full utilisation of the AmBonus or CARz Points accumulated for the product or service which value is in its Ringgit Malaysia (RM) equivalent.
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Full Redemption means, with respect to any Position, the redemption by the issuer in whole (i.e. redemption of the entire issue) of each class of securities then comprised within the Option Securities corresponding to such Position. As used herein “Auction Liquidation” means the sale at par by CGMI in a successful regularly-scheduled auction of Option Securities that are auction rate securities and are maintained as described in the first paragraph of this Section 1(d).
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Full Redemption. On or before 2:00pm EST on December 31, 2023 (the “Final Redemption Date”), the Company shall redeem all of the outstanding Series A Preferred Units by paying to the Purchaser, in immediately available funds, an aggregate amount equal to $102,500,000 (being equal to $132,500,000 less $30,000,000 received by the Purchaser on October 13, 2023) (the “Final Redemption Price”). The payment and receipt of the Final Redemption Price shall be in full and complete satisfaction of the requirement of the Company to pay the Obligations under the Agreement, and upon receipt of such payment and the payment of any outstanding fees or other amounts, the Purchaser shall deliver to the Company for cancellation, the certificate or certificates representing the then issued and outstanding Series A Preferred Units held by the Purchaser or on its behalf, and the Agreement and other Transaction Documents shall be deemed terminated (except for any provisions thereof that, by their specific terms, survive termination). Notwithstanding the foregoing, the Parties acknowledge that they shall continue negotiations, in good faith, towards ensuring the redemption transaction noted herein on the Final Redemption Date is done on a tax efficient basis, including giving consideration to a transaction involving the sale of the Purchaser to the Company or its shareholder or other affiliates.
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Full Redemption shall have the meaning set forth in Section 7.01(d) hereof.
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Related to Full Redemption

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

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

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

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

  • Optional Redemption Period 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.

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

  • Minimum Redemption means, in relation to the Euro RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • 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.

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

  • 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;

  • 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.

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

  • Special Redemption Date has the meaning set forth in Section 10.2.

  • 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;

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

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

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

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • 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.

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

  • 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;

  • Make-Whole Redemption Amount means the sum of:

  • 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.

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

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.