Redemption Limitation definition

Redemption Limitation means an aggregate of 15% of the Class A restricted voting shares issued and outstanding immediately following the closing of the IPO (including, if applicable, following the closing of the IPO over-allotment option granted by the Company to the underwriter);

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Redemption Limitation has the meaning specified in Section 7(a).

Redemption Limitation means, collectively, the (a) the limitation that Chavant would not redeem the Public Shares to the extent that such redemption would cause Chavant’s net tangible assets to be less than $5,000,001 and (b) the limitation that Chavant would not consummate a business combination unless Chavant has net tangible assets of at least $5,000,001 immediately prior to, or upon consummation of, or any greater net tangible asset or cash requirement that may be contained in the agreement relating to, such business combination, which limitations in clauses (a) and (b) were removed from the Amended and Restated Articles of Association of Chavant in connection with the Third Extension.

Examples of Redemption Limitation in a sentence

The Company’s ability to provide such redemption in this Article is subject to the Redemption Limitation.
On or after June 1, 2025 and prior to the 26th Scheduled Trading Day immediately preceding the Maturity Date, the Company may, at its option, redeem (an “Optional Redemption”) for cash all or any portion of the Notes (subject to the Partial Redemption Limitation set forth in Section 16.02(d)), at the Redemption Price.
The Corporation’s ability to provide such opportunity is subject to the Redemption Limitation.
If Registrable Shares are eligible to be sold pursuant to a registration statement filed hereunder notwithstanding the Redemption Limitation, the Company shall facilitate such sale by acquiring the underlying OP Units and exchanging such OP Units for shares of Common Stock pursuant to Section 7(b) hereof.
Solely to the extent that the shareholders of SPAC do not approve the Redemption Limitation Amendment, SPAC shall have at least $5,000,001 of net tangible assets after giving effect to the Transactions and following the exercise of Redemption Rights in accordance with SPAC’s Organizational Documents.
Upon the Closing, the Redemption Limitation shall not have been exceeded (the “Redemption Limitation Condition”).
Upon the Closing, the Redemption Limitation shall not have been exceeded.
Redemption Limitation .....................................................................................51 Article VIII.
Subject to the terms of this ‎Article 16, the Company may redeem for cash at any time and from time to time, all or any portion of the Notes (subject to the Partial Redemption Limitation) at the Redemption Price, if the Board of Directors of the Guarantor determines that such Redemption is necessary to preserve the Guarantor’s status as a REIT for U.S. federal income tax purposes.
On or after April 21, 2025 and prior to the 41st Scheduled Trading Day immediately preceding the Maturity Date, the Company may, at its option, redeem (an “Optional Redemption”) for cash all or any portion of the Notes (subject to the Partial Redemption Limitation set forth in Section 16.02(d)), at the Redemption Price.

More Definitions of Redemption Limitation

Redemption Limitation has the meaning given to such term in Section 9.2(a) of Parent’s Amended and Restated Certificate of Incorporation.

Redemption Limitation has the meaning set forth in Section 5.2 hereof.

Redemption Limitation means any limitation imposed by the terms of any indebtedness of Holdings or any of its Subsidiaries on the payment of dividends in cash or the redemption of warrants or options to purchase common stock issued by Holdings, generally (including, without limitation, any such limitation on (i) Restricted Payments (as defined in the Indenture dated as of January 3, 1997 between ▇▇▇▇▇▇▇ & ▇▇▇▇▇, Inc., the subsidiaries of ▇▇▇▇▇▇▇ & ▇▇▇▇▇, Inc. named therein as guarantors and IBJ ▇▇▇▇▇▇▇▇ Bank and Trust Company) or (ii) such payments as set forth in the Financing and Security Agreement dated January 3, 1997 among Holdings, certain of its subsidiaries and NationsBank N. A.). Holdings shall not, and shall not permit its Subsidiaries to agree to or become subject to any restriction on the redemption of the Warrants that is more onerous or strict than any restriction generally applicable to the payment of cash dividends by Holdings or to the redemption of options or warrants issued by Holdings to purchase equity securities issued by Holdings.

Redemption Limitation means the failure to have net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act or any successor rule) in excess of $5 million.