Redemption Point definition

Redemption Point means 3.00 p.m. on the last business day in December 2021 and every second year thereafter on which date ordinary shares the subject of valid Redemption Requests will be considered for redemption at the discretion of the Board;

Examples of Redemption Point in a sentence

  • The Redemption Point Value (RPV) shall be deemed to ----------- be $0.

Related to Redemption Point

  • Redemption Dates means, collectively, the Event of Default Redemption Dates, and the Optional Redemption Dates, each of the foregoing, individually, a Redemption Date.

  • Redemption Day means the last Business Day of each week or such other day or days as the Directors may from time to time determine that Participating Shares in the Fund are available for redemption;

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustees (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustees, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus;

  • Redemption Basket means the minimum number of Limited Units of a Fund that may be redeemed pursuant to Section 7.1, which shall be the number of Limited Units of such Fund constituting a Creation Basket on the relevant Redemption Order Date.

  • Redemption Charge means the redemption charge, if any, payable on the redemption of Shares as