Redemption Trigger Event definition

Redemption Trigger Event means, with respect to any fiscal quarter of Borrower, the receipt by Borrower of one or more redemption requests from its investors with respect to redemptions under Borrower’s Constitutive Documents as of the last Business Day of such fiscal quarter in an aggregate amount in excess of 15% of Net Asset Value.
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Redemption Trigger Event shall be the Company’s receipt from holders of a majority in voting power of the Series A Preferred Shares then outstanding notifying the Company in writing that such holders have determined that there has been (A) a material breach of any of the warranties, representations, covenants, undertakings, or other obligations of the Company, the WFOE (as defined below) or the Founder (as defined below) under (i) the Series A Preferred Share Purchase Agreement, dated as of April 28, 2006, among the Company, Changzhou Xxxxx Solar Energy Co., Ltd. (“WFOE”), Xx. Xxx Jifan (the “Founder”) and the investors party thereto from time to time, (ii) the Shareholders Agreement, dated as of April 28, 2006, among the Company, the WFOE, the Founder and the shareholders party thereto from time to time, (iii) this Memorandum of Association or (iv) the Articles of Association; or (B) a payout by the Company of a material amount relating to all losses, liabilities, claims, demands, judgments, damages, settlements, fines, suits, actions, costs and expenses arising from or related to the non-compliance of the Company’s products with the TUV standards. A notice issued pursuant to either clause (A) or clause (B) of this paragraph shall be referred to herein as the “Breach Notice”. Following receipt of the Breach Notice, the Company shall, within ten (10) days thereafter, provide written notice to each holder of record of the Series A Preferred Shares at the address last shown on the records of the Company for such holder(s) and pursuant to paragraph 95 of the Articles of Association.
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Redemption Trigger Event means, for a Group, the occurrence of any of the followingevents:
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Examples of Redemption Trigger Event in a sentence

  • Notice of redemption will be mailed at least 30 days but not more than 60 days (except as otherwise provided in the Indenture if the notice is issued in connection with a Special Mandatory Redemption Trigger Event, Legal Defeasance, Covenant Defeasance or Discharge) before the redemption date to each Holder whose Notes are to be redeemed at its registered address.

  • Early Redemption Amount for the purposes of General Condition 6.2 ( Early Redemption Trigger Events) determined in accordance with:For the purposes of determining an Early Redemption Amount: the Knock-out Observation DateN on which the Knock-out Basket Performance Early Redemption Trigger Event occurs (as specified in paragraph 25(h) of these Final Terms).

  • Following the Special Mandatory Redemption Trigger Event, the Initial Notes are subject to mandatory redemption as a whole, upon the giving of prior notice to Holders and on the redemption date and for the redemption price set forth in Section 3.08 of the Indenture.

  • Notice of the designation of the Early Redemption Date for a Group following the occurrence of a Redemption Trigger Event will be given (x) by the Trustor to the Indenture Trustee not less than ten Business Days nor more than 65 calendar days prior to the Early Redemption Date, and (y) by the Indenture Trustee to Holders of the related Securities not less than five Business Days nor more than 60 calendar days prior to the Early Redemption Date.

  • Following the occurrence of a Special Mandatory Redemption Trigger Event, the Issuers shall redeem the Notes as a whole (the “Special Mandatory Redemption”), upon notice as provided in this Section 4.02, at a redemption price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the mandatory redemption date.

  • Following the occurrence of a Redemption Trigger Event, the Trustor may in its discretion designate the Early Redemption Date for a Group.

  • By consequence, it is most unlikely that this group can attract bank loans to invest in biogas energy systems and pass a business-as-usual due diligence procedure.

  • Upon the occurrence of a Special Mandatory Redemption Trigger Event, the Issuers will redeem all of the New Notes at a redemption price equal to 103% of the principal amount of the New Notes, plus accrued and unpaid interest from May 15, 2015 to, but not including, the Special Mandatory Redemption Date (a “Special Mandatory Redemption”).

  • The Early Redemption Notice will set out details of the Early Redemption Trigger Event For the purposes of this item 46(v), any Early Redemption Notice delivered by the Issuer to the Noteholders shall, notwithstanding the provisions of Condition 19 (Notices) to the contrary, only be made by way of announcement on the Stock Exchange News Service of the JSE Limited (“SENS”) by no later than 10 Business Days following the occurrence of the aforementioned Early Redemption Trigger Event.

  • The Early Redemption Date for the purposes of this item 53(v) shall be the date specified by the Issuer in the Early Redemption Notice, which EarlyRedemption Date will be not less than 3 BusinessDays after the Early Redemption Trigger Event or any date thereafter, such Early Redemption Date will be announced on SENS in accordance with the timetable set out in paragraph 3 of Schedule 4, Form A4 of the JSE debt listings requirements.


More Definitions of Redemption Trigger Event

Redemption Trigger Event means the receipt by XXX or a subsidiary of XXX of Investment Proceeds.
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Redemption Trigger Event shall be deemed to occur if: (A)(i) the Collaboration Agreement between the Company and Luminex dated March 25, 2010 (the “Collaboration Agreement”) has been terminated as a result of either (x) a termination relating to the Company’s breach under Section 10.4 of the Collaboration Agreement, or (y) a termination by Luminex pursuant to any of Sections 10.2(v), (vi) or (vii) of the Collaboration Agreement and (ii) Luminex does not then anticipate negotiating or entering into any future similar agreements or continuing any similar formal business relationship or (B) the Company materially breaches its obligations pursuant to the letter agreement with Luminex dated of even date herewith or Sections 10, 13(h) or 15(b) of this Agreement and the Company has not cured such breach or default to Luminex’s reasonable satisfaction within 90 days of written notice by *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. Luminex of such breach or default. The Company shall redeem the Redemption Shares, in cash, as promptly as possible but not later than (w) 120 days from the date the Company receives the Redemption Notice if the Redemption Trigger Event occurs on or prior to the first anniversary of the date of the Collaboration Agreement, (x) 450 days from the date the Company receives the Redemption Notice if the Redemption Trigger Event occurs after the first anniversary but on or prior to the third anniversary of the date of the Collaboration Agreement, (y) two years from the date the Company receives the Redemption Notice if the Redemption Trigger Event occurs after the third anniversary of the date of the Collaboration Agreement and (z) if the applicable Redemption Trigger Event is a termination pursuant to Section 10.2(vii) of the Agreement and Luminex terminates the Collaboration Agreement within 60 days following the expiration of the twelve-month period noted in Section 10.2(vii) of the Collaboration Agreement and Luminex does exercise the redemption right in such circumstances, the applicable payment date will be as promptly as possible but not later than two years from the date the Company receives the Redemption Notice. To the extent the Company is not legally permitted, pursuant to the provisions of the Delaware General Corporation Law, to effect a redemption, the Company shall redeem that portion of the Redemption Shares that it is legally permitted to redeem, and shall redeem th...
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Related to Redemption Trigger Event

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

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

  • Automatic Early Redemption Event means that:

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Tax Event Redemption means, if a Tax Event shall occur and be continuing, the redemption of the Notes, at the option of the Company, in whole but not in part, on not less than 30 days nor more than 60 days' written notice.

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Change of Control Redemption Date shall have the meaning set forth in Section 7.2;

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Redemption Period shall have the meaning set forth in Section 23(a) hereof.

  • Redemption Rescission Event means the occurrence of (a) any general suspension of trading in, or limitation on prices for, securities on the principal national securities exchange on which shares of Common Stock or Marketable Securities are registered and listed for trading (or, if shares of Common Stock or Marketable Securities are not registered and listed for trading on any such exchange, in the over-the-counter market) for more than six-and-one-half (6-1/2) consecutive trading hours, (b) any decline in either the Dow Xxxxx Industrial Average or the S&P 500 Index (or any successor index published by Dow Xxxxx & Company, Inc. or S&P) by either (i) an amount in excess of 10%, measured from the close of business on any Trading Day to the close of business on the next succeeding Trading Day during the period commencing on the Trading Day preceding the day notice of any redemption of Securities is given (or, if such notice is given after the close of business on a Trading Day, commencing on such Trading Day) and ending at the time and date fixed for redemption in such notice or (ii) an amount in excess of 15% (or if the time and date fixed for redemption is more than 15 days following the date on which such notice of redemption is given, 20%), measured from the close of business on the Trading Day preceding the day notice of such redemption is given (or, if such notice is given after the close of business on a Trading Day, from such Trading Day) to the close of business on any Trading Day at or prior to the time and date fixed for redemption, (c) a declaration of a banking moratorium or any suspension of payments in respect of banks by Federal or state authorities in the United States or (d) the occurrence of an act of terrorism or commencement of a war or armed hostilities or other national or international calamity directly or indirectly involving the United States which in the reasonable judgment of the Company could have a material adverse effect on the market for the Common Stock or Marketable Securities.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Early Preference Share Redemption Event means the event that occurs if:

  • Early Redemption Date means the date on which the Notes become due and payable pursuant to Condition 9;

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

  • Change of Control Redemption Premium means 125%.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.