Full Redemption definition

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 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.

Full Redemption. On or before 2:00pm EST on May 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 $125,000,000 (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, 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 June 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 which the Credit Agreement contemplates to be signed by affiliate...

Examples of Full Redemption in a sentence

The Crestwood Full Redemption Notice shall state which action or combination of actions described in clauses (1) through (3) above that the Crestwood Member has elected to take.
The purchase price for an Optional Full Redemption (the "Optional Full Redemption Price") for each Note shall equal the outstanding principal amount of each Note to be redeemed together with accrued and unpaid interest thereon at the applicable Note Rate to the Optional Full Redemption Date.
The Notes may be redeemed at the option of the Trust, in whole but not in part (an "Optional Full Redemption"), on any Payment Date commencing with the Amortization Commencement Date (an "Optional Full Redemption Date").
In either event, (i) the purchase price shall be paid in cash and (ii) the parties hereto shall, simultaneously with such sale, cause NAR to redeem the Preferred Stock, at the Full Redemption Value.
All amounts with respect to the Notes (or that portion of the Notes) to be redeemed on any Optional Full Redemption Date or Partial Redemption Date shall be due and payable on such date and, from and after such date (unless the Issuer shall default on the payment of such amounts), such Notes or portion thereof shall cease to bear interest.
Name of Limited Partner(s) Address City State Zip Daytime Telephone Number (For purposes of this request only) B - REDEMPTION RIGHT REQUEST Redemption Request (Check one): Full Redemption Partial Redemption: # of Units or $ Amount C - AUTHORIZED SIGNATURE(S) AND MEDALLION SIGNATURE GUARANTEE REQUIREMENTS IMPORTANT: Medallion Signature Guarantee(s) is/are required if any of the following applies: • The amount of the redemption request is over $500,000.
Name of Limited Partner(s) Address City State Zip Daytime Telephone Number (For purposes of this request only) B - REDEMPTION RIGHT REQUEST Redemption Request (Check one) Full Redemption Partial Redemption # of Units or $ Amount C- AUTHORIZED SIGNATURE(S) AND MEDALLION SIGNATURE GUARANTEE REQUIREMENTS IMPORTANT: Medallion Signature Guarantee(s) is/are required if any of the following applies:The amount of the redemption request is over $500,000.
Mechanics of an Optional Full Redemption and Partial Redemption .
In connection with any Optional Full Redemption, Division Sale Optional Redemption or Excess Funding Account Optional Redemption, the Indenture Trustee shall pay the Optional Full Redemption Price and the Partial Redemption Price, as the case may be, pursuant to and in accordance with Section 9.03 of this Indenture.
Yorkville shall continue to receive the monitoring and management fee pursuant to the Escrow Agreement until either: (1) the Escrow Funds shall have been fully disbursed pursuant the Escrow Agreement or (2) the Company shall have fully redeemed the Convertible Debentures, including, without limitation, the outstanding principal, accrued and unpaid interest, redemption premiums, fees and costs ("Full Redemption"), pursuant to the Transaction Documents.

More Definitions of Full Redemption

Full Redemption means payment by the Company or the General Partner on the applicable Redemption Date to Holders of Class C Units or OP Units outstanding at such time of the “Full Redemption Amount” in cash (or, in the case of a redemption of OP Units pursuant Section 8.6, of the Common Stock Amount, if applicable).

Full Redemption shall have the meaning set forth in the Limited Partnership Agreement.

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).

Full Redemption shall have the meaning set forth in Section 7.01(d) hereof.

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.

Full Redemption means, on a Redemption Date, an Optional Redemption of all outstanding Notes on such Redemption Date.