Share Redemption Right definition

Share Redemption Right has the meaning ascribed thereto in Section 4.6(a);
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Share Redemption Right has the meaning set out in Section 3.01(1).
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Share Redemption Right has the meaning attributed thereto in Section 3.6(1).
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Examples of Share Redemption Right in a sentence

  • The Debenture Trustee shall have no obligation to calculate or verify the Share Redemption Right.

  • Notice of redemption pursuant to the Share Redemption Right shall be given not more than four business days after the date on which the Trust issues the Press Release to each holder of record of the Series B Preferred Shares to be redeemed.

  • The Trust may exercise the Share Redemption Right only if for 20 Trading Days (as defined in Section 9 herein) within any period of 30 consecutive Trading Days, including the last day of such period, the closing price of the Common Shares on the New York Stock Exchange exceeds $41.055 per share, subject to adjustment, under the circumstances described in Section 7 herein, with respect to the Conversion Price.

  • No fractional shares or scrip representing fractions of Common Shares shall be issued upon redemption of a Series A Preferred Share pursuant to the Trust's Share Redemption Right.

  • In connection with a redemption by the General Partner, pursuant to the exercise of a Share Redemption Right (as defined in the Declaration of Trust), of any or all of the Series A Preferred Shares, the Partnership shall issue to the General Partner a number of Class A Units equal to the number of Common Shares issued in payment of the redemption price of the Class A Preferred Shares so redeemed, and one Series A Preferred Mirror Unit for each Series A Preferred Share so redeemed shall be canceled.

  • At the close of business on a Redemption Date relating to the Trust's Share Redemption Right, each holder of Series A Preferred Shares to be so redeemed (unless the Trust defaults in the delivery of the Common Shares payable on such Redemption Date) shall be deemed to be the record holder of the number of Common Shares into which such Series A Preferred Shares are to be so redeemed, regardless of whether such holder has surrendered the certificates evidencing the Series A Preferred Shares.

  • When the Corporation determines the actual number of the Common Shares to be issued pursuant to the Corporation’s exercise of its Common Share Redemption Right, it will issue a press release on a national newswire disclosing the Current Market Price and such actual number of Common Shares.

  • No fractional Issuer Shares shall be delivered upon the exercise by the Issuer of the Share Redemption Right but, in lieu thereof, the Issuer shall pay the cash equivalent thereof determined on the basis of the Current Market Price of Issuer Shares on the Redemption Date (less any tax required to be deducted).

  • The Company shall exercise the Share Redemption Right by so specifying in the Redemption Notice.

  • Notice of redemption pursuant to the Share Redemption Right shall be given not more than four business days after the date on which the Corporation issues the Press Release to each holder of record of the shares of Series A Preferred to be redeemed.

Related to Share Redemption Right

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

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

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

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

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

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

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

  • 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.

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

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

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

  • Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.

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

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Early Redemption Notice means an irrevocable notice from the Issuer to Noteholders in accordance with Condition 23 (Notices) (or, in the case of Condition 8(f) (Redemption Following the Occurrence of an Event of Default), from the Trustee to the Issuer) that specifies that the Notes are to be redeemed pursuant to one of Conditions 8(c) (Redemption Following a Collateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default). An Early Redemption Notice given pursuant to Condition 8 (Redemption and Purchase) must contain a description in reasonable detail of the facts relevant to the determination that the Notes are to be redeemed and, in the case of an Early Redemption Notice given by the Issuer, must specify the anticipated Early Redemption Date and which of Conditions 8(c) (Redemption Following aCollateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default), as the case may be, are applicable. A copy of any Early Redemption Notice shall also be sent by the Issuer, or the Trustee, as the case may be, to all Transaction Parties, save that any failure to deliver a copy shall not invalidate the relevant Early Redemption Notice.

  • 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;