Premium Redemption definition
Examples of Premium Redemption in a sentence
Any request by a Holder pursuant to this paragraph (iv)(B) shall be revocable by that Holder at any time prior to its receipt of the Premium Redemption Price.
In lieu of receiving the Monthly Delay Payment as provided above, a Holder shall have the right but not the obligation to elect to have the Company redeem its Securities at a price equal to the Premium Redemption Price.
Without limiting the foregoing, if payment in immediately available funds of the Premium Redemption Price is not made within such 5 business day period, the Holder may revoke and withdraw in whole or in part its election to cause the Company to make such mandatory purchase at any time prior to its receipt of such cash, without prejudice to its ability to elect to receive that particular or other Premium Redemption Price payments in the future.
Payment of the Monthly Delay Payments, and any Premium Redemption Price payment due pursuant to the other provisions of this Section 2(b), shall be due and payable from the Company to such Holder within 5 business days of demand therefor.
Payment of such amount shall be due and payable within 3 business days of demand therefor, which demand shall be revocable by the Holder at any time prior to its actual receipt of the Premium Redemption Price.
In lieu of receiving the Delay Payment as provided above, a Holder shall have the right but not the obligation to elect to have the Company redeem its Debentures, Warrants, Common Shares and Warrant Shares at the price equal to the Premium Redemption Price.
After the expiration of such 3 full 30 day periods, the Investor shall be immediately entitled to sell the applicable Securities to the Company at the Premium Redemption Price.
If an Event of Default specified in Section 6(a)(ii) occurs, all of the Notes shall automatically and immediately become due and payable at the Premium Redemption Price.
Fountain shall pay or cause to be paid in cash on the Fountain Distribution Date (A) all amounts outstanding under the Trident Note or the Bridge Note, as applicable, and (B) all amounts in respect of the Share Premium Redemption.
If such shareholder approval is not obtained within 60 days of the Trigger Date, then each holder of Preferred Shares and Warrants shall have the right to sell to the Company such number of Preferred Shares and/or Warrants which cannot be converted or exercised due to such 20% Cap limitation at a redemption price equal to the Premium Redemption Price.