Redemption Condition definition

Redemption Condition means any time before the Maturity Date that the Current Market Price is in excess of 150% of the Conversion Price of the Convertible Debentures;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Redemption Condition means that Replacement Capital (as defined below) as at the date for redemption equals at least the face value of the Junior Sukuk plus the Cumulated Distribution (if any).

Redemption Condition means that either (a) Asahi Life’s Solvency Margin Ratio after giving effect to the intended redemption is expected to remain at an adequate level within the meaning of the Insurance Business Act and any applicable regulations, public notices or guidelines thereunder then in force or (b) Asahi Life procures qualifying financing in an amount not less than the amount of the intended redemption. The term “qualifying financing” when used in these Conditions includes issuance of foundation funds (kikin) and subordinated debt financing.

Examples of Redemption Condition in a sentence

• Notwithstanding anything to the contrary set forth in this Article 4 of the Indenture, the Convertible Debentures shall only be redeemable before the Maturity Date pursuant to this Article 4 by payment of money and only if the Redemption Condition is met.

• As of the Effective Date, the Company hereby agrees to the Company Limited Waiver and, subject to the continued satisfaction of the Subsequent Placement Optional Redemption Condition by the Company, the Holder hereby grants the Company the Holder Limited Waiver.

• If a Company Optional Redemption Condition fails (which is not waived in writing by the Holder) on the Company Optional Redemption Date, then the Company Optional Redemption shall be null and void with respect to all or any part designated by the Holder of the unconverted Company Optional Redemption Amount and the Holder shall be entitled to all the rights of a holder of this Note with respect to such amount of the Company Optional Redemption Amount.

• The Company and the Majority Holders hereby agree to and consent to the amendment of the Certificate of Designations in substantially the form attached hereto as Exhibit A (the “Amendment”) to be effective upon the Closing (as defined in the Merger Agreement) of the Acquisition, providing for, among other things, the Redemption Condition.

• All Bonds redeemed by the Issuer pursuant to Condition 10.2 (Early Redemption), Condition 10.3 (Early Redemption for Tax Reasons) or Condition 10.4 (Mandatory Early Redemption) or surrendered to the Issuer for cancellation pursuant to Condition 10.7 (Purchase of Bonds by the Guarantor, the Borrower or another member of the Group) shall be cancelled and may not be issued or resold.

More Definitions of Redemption Condition

Redemption Condition means the occurrence of any of the following: (i) receipt by Telecom Americas Ltd., the Company or any of the Company's Minority Investees, Subsidiaries or Affiliates of the approval by Agencia Nacional de Telecomunicacoes of Brazil ("ANATEL") under Resolution 101 of such agency or any successor regulation thereto which effectively permits the Member or Members holding Common Shares to Control the Company; (ii) a change in applicable Brazilian regulations or laws that results in such approval no longer being required in the opinion of the Board, (iii) the delivery to the Company of a notice signed by, or on behalf of, the Member or Members holding a majority of the Common Shares stating that, in its or their reasonable judgment, the redemption of 100% of the Preference Shares of the Company as contemplated herein without ANATEL's approval will not result in a violation of Resolution 101 of such agency or any successor regulation thereto; (iv) the Sale of the Preference Shares by BCI Investments (or by any Permitted Transferee of BCI Investments) to any party other than (a) Telecom Americas Ltd. or its successors and assigns or (b) a Permitted Transferee of BCI Investments holding Telecom Americas Shares transferred to it pursuant to and in accordance with Section 4.05 of the Joint Venture Shareholders Agreement, and (v) BCE, Inc. shall fail to hold directly or indirectly legal and beneficial ownership of a majority of the issued and outstanding Capital Stock and Equity Interests, of BCI Investments or of any Person holding Preference Shares.

Redemption Condition shall have the meaning set forth in Section 3.01 of this Indenture.

Redemption Condition means the issuance of the Replacement Capital (as defined below) on or before the date of redemption which raises net proceeds of at least equivalent to the exercise price payable upon the Early Dissolution Date.

Redemption Condition. All amounts due and payable under the New CB shall be subordinated to and shall rank junior in payment to the Secured Obligations until full payment of the Secured Obligations. For so long as the Loan under the Loan Facility remains outstanding, SA Investments shall not collect, demand and/or receive from Suntrust, whether directly or indirectly, any principal, interest, default interest, penalties or other amounts payable under the New CB.

Redemption Condition means the issuance of the Replacement Capital (as defined below) on or before the date of redemption which raises net proceeds of at least equivalent to the nominal value and accrued interest payable upon the Early Redemption Date.

Redemption Condition means that either (a) Asahi Life’s Solvency Margin Ratio after giving effect to the intended redemption is expected to remain at an adequate level within the meaning of

Redemption Condition means, for any Computation Period, that Liquidity is equal to or greater than $5,000,000.