Redeemable Interest definition
Redeemable Interest of any Person means any equity security of or other ownership interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or otherwise (including upon the occurrence of an event) matures or is required to be redeemed (pursuant to any sinking fund obligation or otherwise) or is convertible into or exchangeable for Debt or is redeemable at the option of the holder thereof, in whole or in part, at any time prior to the final Stated Maturity of the Securities.
Redeemable Interest means the Preferred Interest of a Member which has made no Conversion Election with respect to such Preferred Interest prior to the applicable Redemption Date.
Redeemable Interest means, with respect to any Redeemable Member, such Member’s Redeemable Class B-1 Interest and Redeemable Class C Interest.
Examples of Redeemable Interest in a sentence
The Redemption shall be accomplished pursuant to an Assignment of NBCC's Redeemable Interest substantially in the form attached hereto as Exhibit "A" (the "Assignment").
Immediately prior to the Merger, NBCC shall convey, transfer, assign and sell to the LLC its Redeemable Interest for $15,486,914 (the "Redemption") payable in cash.
The Company shall effect such redemption on the Mandatory Redemption Date by paying cash for all of the recipient Member’s Redeemable Interest equal to the sum of (a) the recipient Member’s Unreturned Capital attributable to such Member’s Redeemable Interest, as of the Mandatory Redemption Date plus (b) any Unpaid Dividends of the recipient Member attributable to such Member’s Redeemable Interest, as of the Mandatory Redemption Date.
More Definitions of Redeemable Interest
Redeemable Interest of any Person means any equity security of or other ownership interest in such Person which by its terms or otherwise is required to be redeemed prior to the Stated Maturity of the principal of the Securities or is or may be redeemable at the option of the holder thereof at any time prior to the Stated Maturity of the principal of the Securities; PROVIDED, HOWEVER, that any such interest which is redeemable solely for any equity security of or other ownership interest in such Person that by its terms or otherwise is not required to be redeemed prior to the Stated Maturity of the principal of the Securities shall not constitute a Redeemable Interest. "REGULAR RECORD DATE" for the interest payable on any Interest Payment Date means the Business Day next preceding such Interest Payment Date.
Redeemable Interest of any Person means any equity security of or other ownership interest in such Person that by its terms or otherwise is required to be redeemed prior to the Stated Maturity of the principal of the Debentures or is or may be redeemable at the option of the holder thereof at any time prior to the Stated Maturity of the principal of the Debentures; provided, however, that interests which are redeemable solely for any equity security of or other ownership interest in such Person that by its terms or otherwise is not required to be redeemed prior to the Stated Maturity of the principal of the Debentures shall not constitute Redeemable Interests.
Redeemable Interest of any Person means any equity security of or
Redeemable Interest of any Person means any equity security of or other ownership interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or otherwise (including upon the occurrence of an event) matures or is required to be redeemed (pursuant to any sinking fund obligation or otherwise) or is convertible into or exchangeable for Debt or is redeemable at the option of the holder thereof, in whole or in part, at any time prior to the final Stated Maturity of the Securities. "Redemption Date", when used with respect to any Security to be redeemed, means the date fixed for such redemption pursuant to this Indenture.
Redeemable Interest as defined in the New Lazard Group Operating Agreement.