Examples of Redemption Start Date in a sentence
Subject to the limitations set forth in this Section 4, beginning on the Redemption Start Date, Borrower shall have the right to redeem any Redemption Amount, up to the Borrower Redemption Limit, by providing Lender with a notice substantially in the form attached hereto as Exhibit B (each, a “Borrower Redemption Notice”).
At the end of each month following the Redemption Start Date, if Borrower has not reduced the Outstanding Balance by at least the Maximum Monthly Redemption Amount, then by the fifth (5th) day of the following month, Borrower must pay in cash to Lender the difference between the Maximum Monthly Redemption Amount and the amount actually redeemed in such month or the Outstanding Balance will automatically increase by one percent (1%) as of such fifth (5th) day.
Beginning on the Redemption Start Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem a portion of the Note in any amount (such amount, the “Redemption Amount”) by providing Borrower with a notice substantially in the form attached hereto as Exhibit A (each, a “Redemption Notice”, and each date on which Lender delivers a Redemption Notice, a “Redemption Date”).
Lender also agrees not to redeem more than the Minimum Redemption Amount in any thirty-day period following the Redemption Start Date in which the Redemption Conversion Price is less than the Conversion Floor Price.
Subject to the provisions of Section 7(b) hereof, beginning on the two hundred and seventieth (270) day after the Closing Date (the “Mandatory Redemption Start Date”) and continuing every thirtieth (30) day thereafter throughout the remainder of the Term (each, a “Mandatory Redemption Date”), the Corporation shall be required to offer to redeem 1/12 of the Preferred Shares outstanding as of the Mandatory Redemption Start Date.
A notice of redemption (a “Redemption Notice”) by such Redemption Shareholders shall be given by hand or by mail to the Company and the Founder at any time on or after the Redemption Start Date stating the date on which the applicable Redeemable Shares are to be redeemed (the “Redemption Date”), provided, however, that the Redemption Date shall be no earlier than the date 30 days after such notice of redemption is given.
At the end of each month following the Redemption Start Date, if Borrower has not reduced the Outstanding Balance by at least the Maximum Monthly Redemption Amount, then by the fifth (5th) day of the following month, Borrower must pay in cash the difference between the Maximum Monthly Redemption Amount and the amount actually redeemed in such month or the Outstanding Balance will automatically increase by one percent (1%).
Lender agrees to redeem at least the Minimum Redemption Amount in each thirty-day period following the Redemption Start Date.
A notice of redemption (a “Redemption Notice”) by such holder of Preferred Shares to be redeemed shall be given by hand or by mail to the Company and/or the Founder at any time on or after the Redemption Start Date stating the date on which the Preferred Shares are to be redeemed (the “Redemption Date”), provided, however, that the Redemption Date shall be no earlier than the date 30 days after such notice of redemption is given.
The Corporation shall provide each Holder a written notice on the Mandatory Redemption Start Date and on each Mandatory Redemption Date thereafter (each, a “Mandatory Redemption Notice”) which shall contain an irrevocable offer to redeem up to 1/12 of the Preferred Shares outstanding as of the Mandatory Redemption Start Date until such time as the Term expires or there are no longer any outstanding Preferred Shares.