Series A-1 Redemption Price definition

Series A-1 Redemption Price means an amount equal to $10.00 per Series A-1 Preferred Unit, plus an amount equal to all declared and unpaid Series A-1 Distributions with respect to each such Series A-1 Preferred Unit to the Series A-1 Redemption Date.
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Series A-1 Redemption Price means 29.7 cents per share (such amount to be proportionately decreased in the event the Series A-1 Preferred Stock is subdivided into a greater number or increased in the event the Series A-1 Preferred Stock is combined into a lesser number), plus accrued but unpaid dividends on such share, plus declared but unpaid dividends on such share, and plus the amount (if any) by which (a) the sum of accrued but unpaid dividends on such share and dividends paid on such share is less than (b) 3.3 cents (such amount to be proportionately decreased in the event the Series A-1 Preferred Stock is subdivided into a greater number or increased in the event the Series A-1 Preferred Stock is combined into a lesser number).
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Series A-1 Redemption Price means, with respect to an outstanding share of Series A-1 Preferred Stock, (i) the Series A-1 Original Purchase Price (as adjusted for any split or subdivision of outstanding shares of Series A Preferred Stock, any combination of outstanding shares of Series A-1 Preferred Stock or a reclassification or recapitalization of outstanding shares of Series A-1 Preferred Stock (other than a split or subdivision or combination), in each case, occurring after the Series A-1 Original Issue Date), plus (ii) the aggregate amount of dividends then accrued and unpaid on such share of Series A-1 Preferred Stock, in each case, determined as of the Series A-1 Corporation Redemption Date or the Series A-1 Optional Redemption Date, as applicable.
Sample 1

Examples of Series A-1 Redemption Price in a sentence

  • The Series A-1 Redemption Price shall be paid in cash in immediately available funds.

  • Commencing on the Series A1 Redemption Date and every three (3) months thereafter (until the payment in full of the Series A1 Redemption Price), the Corporation shall pay to each holder of Series A1 Stock one fourth (1/4) of the Series A1 Redemption Price with respect to each share of Series A1 Stock which each holder thereof has elected to have redeemed.

  • For the avoidance of doubt, the Series A-1 Redemption Price shall not include any declared dividends accrued on the Series A-1 Preferred Shares, regardless of whether paid or unpaid.

  • No dividends or other distributions shall be declared or paid on, nor shall the Corporation redeem, purchase or acquire any shares of common stock unless the Series A1 Redemption Price per share of all shares of Series A1 Stock elected to be redeemed shall have been paid in full.

  • Such notice (the “Series A-1 Redemption Notice”) shall state: (i) the Series A-1 Redemption Date; (ii) the number of Series A-1 Preferred Units to be redeemed and, if less than all outstanding Series A-1 Preferred Units are to be redeemed, the number of such units to be redeemed from such Series A-1 Holder; (iii) the Series A-1 Redemption Price; and (iv) that Series A-1 Distributions on the Series A-1 Preferred Units to be redeemed shall cease from and after such Series A-1 Redemption Date.

  • Until the Series A1 Redemption Price for each share of Series A1 Stock elected to be redeemed shall have been paid in full, such share of Series A1 Stock shall remain outstanding for all purposes and entitle the holder thereof to all the rights and privileges provided herein; provided, however, that Dividends and interest thereon shall cease to accrue on the Series A Redemption Date.

  • The Partnership shall be entitled to receive from the Series A-1 Transfer Agent the interest income, if any, earned on such funds deposited with the Series A-1 Transfer Agent (to the extent that such interest income is not required to pay the Series A-1 Redemption Price of the Series A-1 Preferred Units to be redeemed), and the holders of any Series A-1 Preferred Units so redeemed shall have no claim to any such interest income.

  • Upon the payment in full of the Series A1 Redemption Price with respect to the shares of Series A1 Stock elected to be redeemed, all rights of the holders of shares of Series A1 Stock as holders of Series A1 Stock shall cease as to those shares of Series A1 Stock redeemed, and such shares shall not thereafter be transferred on the books of the Corporation or be deemed to be outstanding for any purpose whatsoever.

  • For purposes hereof, the “Redemption Price” shall mean the Series D Redemption Price, Series C Redemption Price, Series B Redemption Price, the Series A-1 Redemption Price or the Series A Redemption Price, as applicable.

  • If at any time after the Series A1 Redemption Date the funds of the Corporation legally available for redemption of shares of Series A1 Stock are insufficient to pay any installment of the Series A1 Redemption Price, then, subject to clause (i) above, the Corporation will use those funds which are legally available therefor to make payment of the Series A1 Redemption Price ratably among the holders of such shares to be redeemed based upon their holdings of Series A1 Stock to be redeemed.

Related to Series A-1 Redemption Price

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

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

  • 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 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;

  • 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;

  • 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).

  • 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:

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Make-Whole Redemption Amount means the sum of:

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.