Cash Redemption definition

Cash Redemption means, in relation to a buy back or redemption of any Securities, settlement of the Issuer’s buy back or redemption obligation by sale of the amount of the relevant Metal equal to the Metal Entitlement of the relevant Securities to one or more Metal Counterparties pursuant to the relevant Metal Sale Agreement(s) and payment of the proceeds of sale to the relevant Securityholder in accordance with Condition 8(c) (in respect of a buy back of Securities from a Non-AP Securityholder) or Condition 9(a) (in respect of an early redemption of Securities).

Cash Redemption means in relation to the Redemption of any WT Securities, settlement of the Redemption Obligations in respect thereof by payment of the Redemption Amount in cash and in accordance with the Applicable Product Annex.

Cash Redemption means, in relation to a Security, the Redemption Amount for that Security is paid to, or at the direction of, the Holder.

Examples of Cash Redemption in a sentence

• Such Transaction Fee and additional amounts, if any, shall be included in the calculation of the Cash Component or Cash Redemption Amount payable or to be received, as the case may be, by the Participant in connection with the creation or redemption order.

• The Participating Party notified of confirmation of a request to redeem Shares through the Trust’s Clearing Process shall be required to transfer or arrange for the transfer of the requisite Shares and the Cash Redemption Amount, if any, to the Transfer Agent by means of the Trust’s Clearing Process so as to be received no later than on the “regular way” settlement date (as described in the Prospectus) by the Transfer Agent as set forth below.

• In such a case, the Issuer or Calculation Agent or Guarantor may have a conflict of interest by influencing any such pricing mechanism and therefore the Cash Redemption Amount to be received by the Noteholders.

• A description of the calculation of the Early Cash Redemption Amount is set out in the section of this Prospectus entitled “Description of the Swap Agreement”.

• The DTC/Euroclear Participant notified of acknowledgement of a request to redeem Shares shall be required to effect a transfer to the Transfer Agent (a) the requisite number of Shares through DTC or Euroclear on the contractual settlement date (b) the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system by no later than 2:00 p.m, Eastern time on contractual settlement date.

More Definitions of Cash Redemption

Cash Redemption has the meaning set forth in the Merger Agreement.

Cash Redemption means any of the circumstances or events in which the Notes shall be or are redeemed in cash, either in full or in part, pursuant to Condition 5.3(a) (Redemption of the Notes).

Cash Redemption means a redemption of Securities for cash.

Cash Redemption means, if permitted under Annex A Condition 3, in relation to the Redemption of any Digital Securities, settlement of the Redemption Obligations in respect thereof by payment of the Redemption Amount in cash and in accordance with Annex A Condition 3.5,

Cash Redemption. Value The cash redemption value of this contract is the accumulated value on the valuation date which is on or next follows the effective date of redemption less any deductions for sales charges and less any premium tax we deduct at that time. The accumulated value of this contract is described in "Part 3. Accounts, Values And Charges". Partial Redemptions Partial redemptions may be made at any time before this contract matures and while the Annuitant is living. The request for a partial redemption must state the Account (or Accounts) from which the partial redemption will be made. For any partial redemption from the Separate Account, the request must also state the division (or divisions) from which redemption will be made. Partial redemptions from the Guaranteed Principal Account will be made by reducing the value in that Account to provide the partial redemption including any sales charge deduction that applies to that redemption. Partial redemptions from a division (or divisions) of the Separate Account will be made by cancelling a sufficient number of accumulation units to provide the partial redemption including any sales charge deduction that applies to that redemption. Any partial redemption will be subject to the limits set forth below. . Any partial redemption must be for at least $500. . The accumulated value of the contract remaining after a partial redemption must be at least $500. We reserve the right to limit any partial redemption from the Guaranteed Principal Account during any Contract year so that the sum of: . That partial redemption; and . All previous partial redemptions from the Guaranteed Principal Account during that Contract Year; and . Any previous or concurrent transfer from the Guaranteed Principal Account during that Contract Year; cannot be more than 25% of the fixed value of this contract on the date of the first such transfer or partial redemption during that Contract Year. Redemption Or If, at any time, the Credited Interest Rate falls Maturity Without below the Specified Interest Rate, this contract may Charge be redeemed or matured without any deduction for sales charges. For the purpose of this provision, the following definitions apply:

Cash Redemption means the redemption of certain shares of Parent Common Stock in exchange for an amount in cash equal to the sum of (i) the Redeemable Cash plus the Interest Amount; less (ii) the aggregate amount of the Cash Consideration;

Cash Redemption. Value The cash redemption value of this contract is the accumulated value on the valuation date which is on or next follows the effective date of redemption less the administrative charge and less any deductions for sales charges and any premium tax incurred at that time. 935-1A-8200 The accumulated value is the total of the values of this contract in each division of the Separate Account. The value in each division is equal to the number of accumulation units credited to this contract in that division multiplied by the unit value of accumulation units in that division on the date the value is determined. Partial Redemptions Partial redemptions may be made at any time before this contract matures and while the Annuitant is living. The request for a partial redemption must state the division (or divisions) of the Separate Account from which the partial redemption will be made. Then, a sufficient number of accumulation units in the stated division (or divisions) will be cancelled to provide the partial redemption including any sales charge deductions that apply to the units being cancelled. Any partial redemption will be subject to the limits set forth below. . Any partial redemption must be for at least $100. . The accumulated value of the contract remaining after a partial redemption must be at least $600.