Redemption Payments definition

Redemption Payments is defined in Section 9.8(d).

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Redemption Payments has the meaning given to such term in Section 4.13;

Redemption Payments has the meaning set forth in Section 11.4.2.

Examples of Redemption Payments in a sentence

• The Notes shall be issued pursuant to the Indenture and all Scheduled Payments, Redemption Payments and Repurchase Payments shall be made by automated clearing house (i.e., ACH) remittance from the Trust Account by the Paying Agent in accordance with the Paying Agent Agreement and the Indenture.

• After all Other Redemption Payments are paid in full and until the Notes are paid in full, Holders of Notes will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to the rights of holders of Series A Preferred Stock to receive distributions applicable to Other Redemption Payments to the extent that distributions otherwise payable to the Holders of Notes have been applied to the payment of Other Redemption Payments.

• The Company will promptly notify the Trustee and the Paying Agent of any facts known to the Company that would cause a payment of any Note Obligations with respect to the Notes to violate this Article 13, but failure to give such notice will not affect the subordination of the Notes to the Other Redemption Payments when due as provided in this Article 13.

• Other than set forth in the immediately preceding sentence, the Notes shall in all respects rank pari passu with all current and future senior indebtedness and senior to all existing and future subordinated indebtedness of the Company, and only Other Redemption Payments shall rank senior to the Notes in accordance with the provisions set forth herein.

• This Article 13 defines the relative rights of Holders and Persons to whom Other Redemption Payments are due.

More Definitions of Redemption Payments

Redemption Payments means the redemption payment(s) (either complete or partial) made by the Debtor to an Investor prior to the Petition Date in connection with such Investor’s Investment in the Debtor.

Redemption Payments means the aggregate sum of (a) £11,508,495 being the stated or liquidation value of the Series B Consideration Shares (the “Stated Value”) plus (b) accrued dividends, on the Series B Consideration Shares, calculated from 1 January 2021 to the date of Completion, in the amount of (i) £199,638.38 from 1 January 2021 to 23 March 2021, plus (ii) £2,401.26 for each day from 24 March 2021 to the date of Completion (collectively, the “Accrued Dividends”)1, which is payable by Boxlight to the Preferred Stockholders, and to each Preferred Stockholder in the amounts set out against each Preferred Stockholder’s name in column 2 of the table in as provided in Schedule 2 of this Agreement, as a result of the redemption of all of the Series B Consideration Shares;

Redemption Payments means any purchase, redemption or other acquisition or retirement of Ownership Interests, but shall not include any dividends on or any other distributions in respect of any class or series of Ownership Interests.

Redemption Payments means, collectively, (a) the Initial Redemption Payment, and (b) the Future Payments, if any.

Redemption Payments as defined in Section 5.4.1.

Redemption Payments means any amount required to be paid to the Redeemable Preferred Members pursuant to an Optional Redemption, Change of Control Redemption Offer, Mandatory Redemption, Excess Cash Flow Redemption Offer or a Complete Redemption.

Redemption Payments means the collective amounts paid or payable by any Company (or for which any of them could become liable to pay) in connection with the Reorganization, including, without limitation, amounts paid or payable with respect to the termination, redemption or repurchase of the agreements, warrants, or Equity Interests of any Company as described on Schedule I attached hereto; provided, however, that the Redemption Payments shall not include any of the Excluded Reorganization Expenses.