Redemption Default definition

Redemption Default shall have the meaning as set forth in Section 2.2(g)(i).

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Redemption Default has the meaning set forth in Section 2(c)(ii) hereof.

Redemption Default means a failure by the Corporation to redeem the Series D Preferred Shares when required upon a Change of Control pursuant to paragraph (b) of Section 11.5.

Examples of Redemption Default in a sentence

• Subject to the cure provisions of Section 2(c)(iii) below, a Default Period with respect to a Dividend Default or a Redemption Default shall end on the Business Day on which, by 12:00 noon, New York City time, all unpaid dividends and any unpaid redemption price shall have been directly paid in accordance with Section 14 of the Securities Purchase Agreement.

• Failure to redeem Preferred Shares shall be deemed to exist at any time there is a Redemption Default with respect to a redemption specified in a Notice of Redemption.

• Subject to cure provisions, a Default Period with respect to an Interest Default or a Redemption Default shall end on the Business Day on which, by 12:00 noon, New York City time, all unpaid interest and any unpaid Redemption Price shall have been deposited irrevocably in trust in same-day funds with the Paying Agent.

• Subject to the cure provisions of Section 2(c)(iii) below, a Default Period with respect to an Interest Default or a Redemption Default shall end on the Business Day on which, by 3:00 p.m., City of New York time (12:00 noon City of Los Angeles time), all unpaid interest and any unpaid Redemption Price shall have been deposited irrevocably in trust in same-day funds with the Paying Agent.

• Subject to the cure provisions of paragraph 2(e)(iii) below, a Default Period with respect to a Dividend Default or a Redemption Default shall end on the Business Day on which, by 12:00 noon, New York City time, all unpaid dividends and any unpaid Redemption Price, as applicable, shall have been deposited irrevocably in trust in same-day funds with the Auction Agent.

More Definitions of Redemption Default

Redemption Default has the meaning set forth in Section 2.02 hereof.

Redemption Default means the failure to redeem the Series C ------------------ Preferred Stock and pay the Redemption Price in full in accordance with Section ------- 8 on the Redemption Date. -

Redemption Default has the meaning set forth in the Stockholders' Agreement.

Redemption Default means the failure by the Company to redeem Series A Preferred Shares in accordance with Section 6(a) or Section 6(b) of the Certificate of Designations for any reason, and such failure in such redemption of such shares shall have continued for at least fifteen (15) days.

Redemption Default means the non-payment in full of all payments due by the Partnership when and as such payments become due in connection with the events described under Section 3 of this Certificate of Designation.

Redemption Default means a failure by the Corporation to redeem the Series D Preferred Shares when required upon a Change of Control pursuant to paragraph (b) of Section 11.5. (yy)

Redemption Default shall have the meaning set forth in Section 8(b).