Redemption Procedures definition

Redemption Procedures. The company shall not send a Redemption Notice to any of the Investors unless it has good and clear funds for a minimum of the amount it intends to redeem in an escrow account controlled by an escrow agent, on behalf of the Investors, The date on which the Investors are notified of the Company's intent to redeem the Convertible Bridge is defined as the "Redemption Notice Date". The company will then have 5 trading days in which to satisify the redemption. If the Company fails to satisfy the redemption notice by the 6th trading day following the Redemption Notice Date, the redemption will be declared null and void and the Company will lose its redemption rights. [Letterhead of LADENBURG THALMANN & CO. INC.] June 27, 2000 Roger May Chairman Advanced Communicat▇▇▇▇ ▇▇▇▇nologies, Inc. 19200 Von Karman Avenue, Suite 500 Ir▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇ Mr. May: The purpose of this letter agree▇▇▇t (the "Agreement") is to set forth the terms and conditions pursuant to which Ladenburg Thalmann & Co. Inc. ("LTCO") shall se▇▇▇ ▇▇ ▇xclusive placement agent in connection with the proposed offering (the "Offering") of equity securities (the "Securities") of Advanced Communications Technologies, Inc. (the "Company") pursuant to a registration statement. The gross proceeds from the Offering will be up to $12,000,000. All references to dollars shall be to U.S. dollars. The terms of such Offering and the Securities shall be substantially in the form set forth in Exhibit E hereto, which exhibit is incorporated by reference herein. Upon the terms and subject to the conditions of this Agreement, the parties hereto agree as follows:
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Examples of Redemption Procedures in a sentence

  • The Authorized Participant will purchase or redeem Baskets of iShares of the Trust in compliance with the Trust Agreement as supplemented by the Creation and Redemption Procedures attached to this Agreement as Schedule 1 (such procedures, as the same may be amended or modified from time to time in compliance with the provisions hereof and thereof, the “Procedures”).

  • Each Authorized Participant hereby consents to the use of recorded telephone lines whether or not such use is reflected in the Redemption Procedures.

  • Each Authorized Participant hereby consents to the use of recorded telephone lines whether or not such use is reflected in the Applicable Redemption Procedures.

  • Redemption 6 SECTION 3.2 Redemption Procedures 6 SECTION 3.3 Notice of Redemption 7 SECTION 4.1 Change of Control 7 SECTION 5.1 Ratification of Base Indenture 9 SECTION 5.2 Trustee Not Responsible for Recitals 9 SECTION 5.3 Table of Contents, Headings, etc.

  • The Administrative Agent may issue additional or other procedures from time to time relating to the manner of redemption of the applicable MacroShares Units which differ from or supplement the Applicable Redemption Procedures, and, upon receiving written notice thereof, each of the applicable Authorized Participants shall thereafter comply with Applicable Redemption Procedures, as so amended.

  • The Authorized Participant will purchase or redeem Baskets of Shares in compliance with the Trust Agreement as supplemented by the Creation and Redemption Procedures attached to this Agreement as Schedule 1 (such procedures, as the same may be amended or modified from time to time in compliance with the provisions hereof and thereof, the “Procedures”).

  • If the amendment would have a material adverse effect on the Custodian’s ability to adhere to the Creation and Redemption Procedures (in the Custodian’s reasonable opinion), such amendment may not be made without the Custodian’s prior written consent (which consent will not be unreasonably withheld or delayed) unless such amendment or modification is required by applicable law or the Rules.

  • The applicable Trustee, the Administrative Agent and the Depositor may issue additional or other procedures from time to time relating to the manner of exchanging Tradeable Shares and concurrently redeeming such shares as part of one or more MACRO Units or redeeming Paired Holding Shares consisting of one or more MACRO Units which are not related to the Redemption Procedures, and each Authorized Participant shall comply with such procedures.

  • The Custodian undertakes to the Trust that the Custodian will adhere to the Creation and Redemption Procedures, provided that the Trustee shall use its reasonable efforts to provide the Custodian with prior notice of any amendment to the Creation and Redemption Procedures and, if the amendment relates to the Custodian’s duties, such amendment will only be made after consultation with the Custodian.

  • The Authorized Participant will purchase or redeem Baskets of iShares of each Trust in compliance with its Trust Agreement as supplemented by the Creation and Redemption Procedures attached to this Agreement as Schedule 1 (such procedures, as the same may be amended or modified from time to time in compliance with the provisions hereof and thereof, the “Procedures”).

Related to Redemption Procedures

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.

  • Redemption Application means an application by a Participating Dealer for the redemption of Units in Application Unit size (or whole multiples thereof) in accordance with the Operating Guidelines and the Trust Deed.

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.