Senior Preferred Redemption definition

Senior Preferred Redemption means the distribution to the Senior Preferred Members of the Senior Initial Liquidation Preference plus the Senior Preferred Return earned thereon in full.
Sample 1Sample 2Sample 3

Examples of Senior Preferred Redemption in a sentence

  • If the funds of the Corporation legally available for redemption of Senior Preferred Stock on any Senior Preferred Redemption Date are insufficient, after redemption of any other shares ranking senior thereto, to redeem the full number of shares of Senior Preferred Stock to be redeemed on such date, those funds which are legally available shall be used to redeem the maximum possible number of such shares of Senior Preferred Stock ratably from each holder whose shares are otherwise required to be redeemed.

  • If the Corporation has not paid in full the aggregate Senior Preferred Redemption Price due on any Senior Preferred Redemption Date or after any Special Redemption Event, it may not make any payments of the Junior Preferred Redemption Price or the Redeemable Preferred Redemption Price unless and until all payments of the Senior Preferred Redemption Price then due have been paid in full.

  • In the case of a Mandatory Redemption, the Senior Preferred Redemption Notice shall call upon such holder to surrender to the Corporation, in the manner and at the place designated, his, her or its certificate or certificates representing any shares of Senior Preferred Stock to be redeemed.

  • On or prior to a Senior Preferred Redemption Date, all holders of shares of Senior Preferred Stock to be redeemed shall surrender their certificates representing such shares to the Corporation, in the manner and at the place designated in the Senior Preferred Redemption Notice, and against such surrender the Senior Preferred Redemption Price of such shares shall be paid to the order of the person whose name appears on each such certificate as the owner thereof.

  • Any date on which any shares of Senior Preferred Stock are to be redeemed as provided in this paragraph 2 is hereinafter called a "Senior Preferred Redemption Date." The price at which any shares of Senior Preferred Stock are to be redeemed as herein provided is hereinafter called the "Senior Preferred Redemption Price." (c) Notice of Redemption.

  • Upon a Change of Control, each holder of Senior Preferred Units shall have the right to cause the Company to redeem all (but not less than all) of such holder's Senior Preferred Units for cash in the amount of the Senior Preferred Redemption Value of such Units.

  • In addition, the Corporation may, at its option, at any time and from time to time, redeem all or any portion of the shares of Senior Preferred Stock then outstanding (an "Optional Senior Preferred Redemption").

  • For each Senior Preferred Share which is to be redeemed hereunder, the Corporation shall be obligated on the Senior Preferred Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's principal office of the certificate representing such share) an amount in immediately available funds equal to the redemption price described in Section 2.I.D.1. of Article Four.

  • At any time thereafter when additional funds of the Corporation are legally available for the redemption of Senior Preferred Shares, such funds shall immediately be used to redeem the balance of the Senior Preferred Shares which the Corporation has become obligated to redeem on any Senior Preferred Redemption Date but which it has not redeemed.

  • Upon an Optional Senior Preferred Redemption, the Corporation shall pay a price per share equal to the Base Amount (as defined below) (plus all accrued and unpaid dividends thereon).

Related to Senior Preferred Redemption

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Specified Redemption Date means the tenth (10th) Business Day after receipt by the General Partner of a Notice of Redemption; provided that if the Company combines its outstanding REIT Shares, no Specified Redemption Date shall occur after the record date of such combination of REIT Shares and prior to the effective date of such combination.

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

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

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • 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.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Make-Whole Redemption Amount means the sum of:

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

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

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

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • 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.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;