Redemption Limit definition
Examples of Redemption Limit in a sentence
In accordance with the Applicable MOU, the Secretary shall not be obligated to honor any Request for Redemption under any Applicable MOU for funds to be transferred on any specified date to the extent that the sum of (a) the dollar amount of such Request for Redemption plus (b) the applicable Net Aggregate Redemption Amount (as defined below) exceeds the corresponding Aggregate Redemption Limit as of such specified date.
If it is not possible to issue Gift Card Settlement Awards to all class members who seek a Gift Card Settlement Award within the Redemption Limit DocuSign Envelope ID: 6E3CCFD2-B3F3-4E95-AE7C-F5E417312631 discussed infra, the balance of the Gift Card Settlement Awards issued to class members seeking Gift Card Settlement Awards will be adjusted downward proportionally.
Neither the Borrower nor any of its Subsidiaries shall suffer or permit dissolution or liquidation either in whole or in part or redeem or retire any shares of its own stock or that of any Subsidiary, except through corporate reorganization to the extent permitted by Section 5.13 or as permitted in Section 5.11; provided that the making of the Planned Redemption in an amount not to exceed the Planned Redemption Limit shall not be prohibited by this Section.