Examples of Relevant Redemption Date in a sentence
Relevant Redemption Date means either (i) the Maturity Date or (ii) the Optional Redemption Date, if an Issuer Call option is specified as applicable in the relevant Final Terms.
Subject to the provisions of the Cyprus Companies Law, Cap.113, the Company shall have the right by a resolution of the Board of Directors at any time to forthwith redeem the Redeemable Preference Shares at their nominal value plus such premium that shall not exceed the amount of share premium which has been paid at any time for the issue of shares by giving the holders of the Redeemable Preference Shares notice in writing of the date (the "Relevant Redemption Date") when such redemption is to be effected.
Unless specified as not being applicable in the relevant Final Terms, the Issuer may, subject to compliance with all relevant laws, regulations and directives and on giving not less than fifteen (15) nor more than thirty (30) calendar days' irrevocable notice in accordance with Condition 14 to the Noteholders redeem the Notes, in whole or in part, which are outstanding, at any time or from time to time, prior to the Relevant Redemption Date (the "Make-Whole Redemption Date").
However, if a Business Day has not occurred on, or within five calendar days of, the original Relevant Redemption Date or, as the case may be, if there is still a Settlement Disruption on the fifth Business Day following the Relevant Redemption Date, then the Issuer shall be deemed not to have exercised its Share Redemption Option, and shall redeem the Bonds in cash through the payment of the principal amount of the Bonds together with any accrued interest thereon up to the Relevant Redemption Date.
If the Relevant Redemption Date is not a Business Day, the delivery of such Shares shall be postponed until the first following day which is a Business Day provided that the Relevant Redemption Date shall not be postponed by more than five calendar days following the original Relevant Redemption Date.
The preferential dividend shall cease to accrue on the Convertible Preference Shares with effect from the Relevant Redemption Date unless the Company has become required to make payment in respect of the Convertible Preference Shares concerned pursuant to paragraph (B)(6)(f) or (B)(6)(h) above and has failed to do so in accordance with paragraph (B)(6)(j) above, in which case the preferential dividend shall continue to accrue from the Relevant Redemption Date to the date of payment.
There shall be paid on each Convertible Preference Share to be redeemed under this paragraph (B)(6) the Redemption Amount and a sum equal to all arrears and accruals of the preferential dividend thereon to be calculated down to and including the Relevant Redemption Date, subject as aforesaid, and to be payable irrespective of whether or not any such dividend has been earned or declared or become due and payable.
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Conversion: In the event that the Company defaults in redemption on the Relevant Redemption Date or an Event of Default occurs, the Subscriber will have the right to convert the whole or part of the principal amount of the Convertible Note into Conversion Shares up to a maximum of 1,300,000,000 Shares (subject to adjustment), and any remaining balance of the Convertible Note will be redeemed by the Company.