Redemption Provision definition

Redemption Provision means 3% of the Current Unit Value or such other amount as may from time to time be determined in writing by the Manager, in respect of or as an allowance for costs and disbursements, commissions, expenses, legal fees, brokerage, stamp duty, taxes and other costs that may be incurred or expected to be incurred in connection with the realisation and conversion into cash of the Investments;
View Source
Redemption Provision. If Company receives a conversion notice with conversion price less than the Fixed Strike Price, Company may redeem securities served for conversion in cash at a price equivalent to the return expected from conversion into stock or 15% interest, plus any accrued dividends. Redemption may be in whole or in part. Placement Fees: Company shall pay to Pacific Continental Securities Corp. (placement agent) a fee equal to 6% of the total proceeds raised in cash and 200,000 five-year warrants exercisable at 125% of the average closing market price for 15 days prior to closing per traunch.
View Source
Redemption Provision means the amount (if any) determined by the Manager in respect of, or as an allowance for, costs and disbursements, commissions, expenses, legal fees, brokerage, stamp duty, Taxes and other costs that may be incurred or are expected to be incurred by the Manager or its Associates in connection with:
View Source

Examples of Redemption Provision in a sentence

  • The Company hereby (a) agrees that except as expressly provided in Sections 1 and 2 hereof, nothing in this Agreement shall constitute a waiver by the Holders of any Triggering Event or Equity Condition Failure which may be continuing on the date hereof or may occur after the date hereof and (b) affirms that the Company's obligation to comply with the Mandatory Redemption Provision arises upon the last day of the Extension Period, with respect to all then outstanding shares of the Series A Preferred Stock.

  • Guarantor: Chubb Limited Size: Trade Date: Maturity Date: Coupon (Interest Rate): Yield to Maturity: Spread to Benchmark Treasury: Benchmark Treasury: Benchmark Government Treasury and Yield: Interest Payment Dates: Redemption Provision: Price to Public: Settlement Date: Underwriters: CUSIP/ISIN: The following opinion statements are issued subject to the respective assumptions and qualifications in the opinion letter.

  • Guarantor: ACE Limited Size: Maturity: Coupon (Interest Rate): Yield to Maturity: Spread to Benchmark Treasury: Benchmark Treasury: Benchmark Treasury Price and Yield: Interest Payment Dates: Redemption Provision: Price to Public: Settlement Date: The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.

  • The obligation to redeem the Notes pursuant to the Special Redemption Provision may not be waived or modified without the written consent of each holder of Notes.

  • Failure to redeem the Notes when required pursuant to the Special Redemption Provision, will constitute an Event of Default with respect to the Notes.

  • Except in the case of a redemption pursuant to the Special Redemption Provision, notice of redemption will be mailed by first-class mail at least 30 days but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at his registered address.

  • The obligation to redeem the Notes pursuant to the Special Redemption Provision may not be waived or modified without the written consent of each Holder.

  • Redemption Provision: Redeemable, at the Issuer’s option, in whole or in part at any time or from time to time on or after January 30, 2016 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the redemption date.

  • Failure to redeem the Notes when required pursuant to the Special Redemption Provision will constitute an Event of Default with respect to the Notes.

  • The obligation to redeem the Senior Notes pursuant to the Special Redemption Provision may not be waived or modified without the written consent of each Holder.


More Definitions of Redemption Provision

Redemption Provision means the amount (if any) determined by the Responsible Entity in respect of, or as an allowance for, costs and disbursements, commissions, expenses, legal fees, brokerage, stamp duty, Taxes and other costs that may be incurred or are expected to be incurred by the Responsible Entity or its Affiliates in connection with:
View Source
Redemption Provision. None Repayment Provision: None Specified Currency: U.S. Dollars Authorized Denominations: $1,000 and integral multiples thereof Standoff Term: Between date hereof and settlement date All the provisions contained in the Distribution Agreement, dated October 20, 1997 (the "Distribution Agreement"), among the Operating Partnership and Merr▇▇▇ ▇▇▇c▇ & ▇o., Merr▇▇▇ ▇▇▇ch, Pierce, Fenn▇▇ & ▇mit▇ ▇▇▇orporated, Lehm▇▇ ▇▇▇thers Inc. and J.P. ▇▇▇▇▇▇ ▇▇▇urities, Inc., attached hereto as Annex A, are hereby incorporated by reference in their entirety herein and shall be deemed to be a part of this Terms Agreement to the same extent as if such provisions had been set forth in full herein. The Operating Partnership agrees that, with respect to the Notes, each of the Underwriters shall be entitled to the benefit of the representations and warranties, agreements and indemnities (including contribution) by the Operating Partnership in favor of the Agents set forth in the Distribution Agreement to the same extent as if each of the Underwriters were a named Agent thereunder. The Underwriters agree that, with respect to the Notes, each of the Underwriters shall be bound by the obligations of the Agents set forth in the Distribution Agreement to the same extent as if each of the Underwriters were a named Agent thereunder. The Operating Partnership further agrees that the indemnification obligations of the Underwriters and Agents pursuant to Section 9(b) of the Distribution Agreement shall be several and not joint. Terms defined in the Distribution Agreement are used herein as therein defined. Bear Stea▇▇▇ & ▇o. Inc., Deutsche Bank Securities Inc. and Jack▇▇▇ ▇▇▇urities, Inc. hereby agree that they do not require, and are not entitled to, delivery by the Operating Partnership of any legal opinions of counsel, accountant's letter or officers' certificate or other documents other than those delivered to them on the Settlement Date in connection with the Notes pursuant to Sections 8(b), 8(c) and 8(d) of the Distribution Agreement. The following documents will be required on the Settlement Date (as defined above):
View Source

Related to Redemption Provision

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

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Redemption Agreement has the meaning set forth in the Recitals.

  • Redemption Event has the meaning set forth in Section 3.4.

  • Provisional Redemption means the redemption of any Note by the Company pursuant to Section 4.03(B).