Market Redemption Price definition

Market Redemption Price means the price per Trust Unit equal to the lesser of (i) 90% of the "market price", as calculated under the Trust Indenture, of the Trust Units on the principal market on which the Trust Units are tendered to the Trust for redemption; and (ii) the "closing market price", as calculated under the Trust Indenture, on the principal market on which the Trust Units are quoted for trading on the date that the Trust Units are so tendered for redemption;
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Market Redemption Price means 85% of the average of the closing bid prices for the 10 consecutive Trading Days immediately preceding the date as of which the Market Redemption Price is being determined (subject to appropriate and equitable adjustment for any stock dividend, stock split, stock combination or other similar event affecting the Common Stock during such 10 Trading Day period).
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Market Redemption Price has the meaning set forth in Section 6.3;
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Examples of Market Redemption Price in a sentence

  • Citi may, on the Off Market Redemption Trading Day, notify the Holder giving the Off Market Redemption Notice of the Off Market Redemption Price determined by Citi.

  • If it is accepted, the Holder may not receive the Off Market Redemption Price until 10 Business Days after the Off Market Redemption Trading Day.

  • The Off Market Redemption Price will be determined by Citi in its absolute discretion, but cannot be less than the lowest Market Price for Sale CitiFirst Instalment MINIs on the Off Market Redemption Trading Day, and is net of the Off Market Redemption Fee.

  • When the Off Market Redemption Price is then paid by Citi to the Holder, the CitiFirst Instalment MINI will terminate, the amounts owing under the Loan are taken to have been repaid and the Security Interest is discharged, and Citi is entitled to the Underlying Parcel.

  • Investors should understand that there is no guarantee that an offer by a Holder to sell their CitiFirst Instalment MINIs under an Off Market Redemption Notice will be accepted or, if it is accepted, that the Off Market Redemption Price will be more than the sale price the Holder could have achieved if they had sold their CitiFirst Instalment MINIs on the ASX.

  • There is no guarantee that: Citi will accept an Off Market Redemption Notice; or if it is accepted, that the Off Market Redemption Price will be more than the sale price the Holder could have achieved if they had sold their CitiFirst Instalment MINIs on the ASX.

  • The Off Market Redemption Price determined by Citi will be net of the Off Market Redemption Fee, which fee may be up to 1% of the Market Price of the CitiFirst Instalment MINI as at the close of trading on the Off Market Redemption Trading Day.If Citi receives an Off Market Redemption Notice, Citi undertakes to Holders that:• Citi will determine, on the Off Market Redemption Trading Day, the Off Market Redemption Price for the Sale CitiFirst Instalment MINIs (and the applicable Off Market Redemption Fee).

  • The Off Market Redemption Price determined by Citi will be net of the Off Market Redemption Fee, which fee may be up to 1% of the Market Price of the CitiFirst Instalment MINI as at the close of trading on the Off Market Redemption Trading Day.If Citi receives an Off Market Redemption Notice, Citi undertakes to Holders that: Citi will determine, on the Off Market Redemption Trading Day, the Off Market Redemption Price for the Sale CitiFirst Instalment MINIs (and the applicable Off Market Redemption Fee).

  • There is no guarantee that:• Citi will accept an Off Market Redemption Notice; or• if it is accepted, that the Off Market Redemption Price will be more than the sale price the Holder could have achieved if they had sold their CitiFirst Instalment MINIs on the ASX.

  • The Off Market Redemption Price determined by Citi will be net of the Off Market Redemption Fee, which fee may be up to 1% of the Market Price of the CitiFirst Instalment MINI as at the close of trading on the Off Market Redemption Trading Day.


More Definitions of Market Redemption Price

Market Redemption Price referred to above means, in respect of a Special Exchangeable Share, the weighted average trading price of the Special Exchangeable Shares for the 20 trading days ending on the third trading day prior to the date such amount becomes payable on the exchange on which the Special Exchangeable Shares are listed on which the greatest aggregate volume of trading of Special Exchangeable Shares occurred during such period or, if the Special Exchangeable Shares are not then listed on an exchange, the amount determined by the Board of Directors of Canadian Superior in good faith.
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Market Redemption Price has the meaning ascribed thereto in Section 6.03;
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Market Redemption Price means the price per Canetic Unit equal to the lesser of: (i) 95% of the “market price”, as calculated under Canetic Trust Indenture, of the Canetic Units on the principal market on which the Canetic Units are tendered to Canetic Trust for redemption; (ii) 95% of the “closing market price”, as calculated under Canetic Trust Indenture, on the principal market on which the Canetic Units are quoted for trading on the date that the Canetic Units are so tendered for redemption; and (iii) 95% of the closing market price of the Trust Units on the date of redemption;
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Market Redemption Price has the meaning set forth in Section ; (cc)
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Market Redemption Price has the meaning ascribed to that term in Section 3.11;
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Related to Market Redemption Price

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

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • Make-Whole Redemption Price means, in respect of each Bond, (a) the principal amount of such Bond or, if this is higher, (b) the sum of the then present values of the remaining scheduled payments of principal and interest discounted to the Optional Redemption Date on an annual basis (based on the actual number of days elapsed divided by 365 or (in the case of a leap year) by 366) at the Reference Dealer Rate (as defined below) plus 0.15 per cent., in each case as determined by the Determination Agent;

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • 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.

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

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

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

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

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

  • 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;

  • 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.

  • Final Redemption Value means the Underlying Reference Value.

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

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

  • Special Mandatory Redemption Price means a redemption price equal to 100% of the outstanding aggregate principal amount of the Notes, plus accrued and unpaid interest thereon from the Issue Date to, but excluding, the Special Mandatory Redemption Date as calculated by the Company.

  • 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.

  • 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.

  • Make-Whole Redemption Amount means the sum of:

  • 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;

  • 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 Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • 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;