Redemption Sum definition

Redemption Sum means in respect of any time FSA exercises the FSA Redemption Option, an amount equal to the amounts necessary to pay items (i) to (vi) (both inclusive) of Condition 4(b)(I) (Pre-enforcement Order of Priority) (assuming for this purpose that the Notes will be redeemed at their nominal amount).
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Redemption Sum means in respect of any time FSA exercises FSA Redemption Option, an amount equal to the amounts necessary to pay items (i) to (v) (both inclusive) of Condition 4(b)(I) (Pre- enforcement Order of Priority).
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Redemption Sum in respect of any Units means the amount arrived at by multiplying the number of those Units by the Redemption Price payable in respect of those Units, or, where the Units are issued out of different Funds, the aggregate of the amounts arrived at by multiplying in respect of each Fund, the Redemption Price applicable to Units of that Fund by the number of Units issued out of that Fund;
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Examples of Redemption Sum in a sentence

  • The Purchaser shall undertake to forward the Agreed Redemption Sum to the Financiers within the Completion Period or the Extended Completion Period, as the case may be, failing which, the Completion Period shall be extended in favour of the Vendor accordingly for such period of delay free from any interest.

  • Save for the MBSB Loan Redemption Sum of approximately RM21,000,000.00, the MAIS Settlement of RM6,000,000.00, which shall be settled by ASSB on behalf of KHSB within the First CP Period, the Bank Guarantee and the Corporate Guarantee for the purposes as stated in items 5.3 (viii) and (ix), there are no other contingent liabilities and guarantees to be assumed by ASSB and/or Paramount arising from the DRA.

  • The parties hereto hereby agree that all Redemption Sum paid to the Chargees or paid towards settlement of the Liabilities and/or the Current Director’s Advance shall be deemed to be payment towards account of the Purchase Price by the Purchaser.

  • Therefore, the seven (7) Business Days for payment of the Redemption Sum shall commence from the date of the Second Supplemental Agreement.

  • Subject always to section 5.4(d) above, TGSB’s Share of Profits (after deducting the principal portion of the Redemption Sum paid to the Chargee) shall be paid by WKGPD to TGSB within the Development Period.

  • The Redemption Sum raid and advances to the Chargee shall be deemed to have been advanced to the Vendor to the account of the Purchase Price and any receipt or acknowledgement issued by the Chargee shall be a sufficient discharge to the Purchaser.

  • The Land Acquisition Consideration (comprising the Loan Redemption Sum and the Differential Sum) is to be satisfied entirely by cash, which will be funded vide internally generated funds of CITAGLOBAL and its subsidiaries (collectively, the “Group”).

  • If the Purchaser shall have exercised its option under Clause 1.4, on Closing, the Company shall redeem the Preference Shares at the Redemption Sum and the Seller shall provide such assistance as the Purchaser may reasonably require to facilitate such redemption.

  • The Redemption Sum paid and advances to the Chargee shall be deemed to have been advanced to the Vendor to the account of the Purchase Price and any receipt or acknowledgement issued by the Chargee shall be a sufficient discharge to the Purchaser.

  • Accordingly, ADSB shall furnish the remainder of the Second Payment (i.e. the Redemption Sum less the Total Instalment Payment (excluding the interest portion payable to the Existing Financier in relation to the Total Instalment Payment) within fourteen (14) days from its receipt of the Fresh Redemption Statement after the expiry of the Option Period.


More Definitions of Redemption Sum

Redemption Sum has the meaning given in Clause 2.1(a)(vi); REGISTERED, in relation to Intellectual Property Rights, includes registrations and applications for registration; RELIEF means Relief as defined in the Tax Covenant;
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Related to Redemption Sum

  • Redemption Fee means unless specified otherwise in the relevant Supplement, a fee of up to 3% of the Net Asset Value of Shares being redeemed. The Redemption Fee is charged at the absolute discretion of the Directors, in consultation with the Manager. The party or parties entitled to such fee shall be described in the relevant Supplement.

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

  • Redemption means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  • Redemption Time means the time at which the right to exercise the Rights shall terminate pursuant to Section 5.1 hereof.

  • Redemption Securities means any debt or equity securities of the Corporation, any subsidiary of the Corporation or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to this Section (3), at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section (3) (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).