Redemption Conditions definition
Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.
Redemption Conditions means the requirements as to Law, if any, for the redemption
Redemption Conditions means, with respect to any proposed Redemption, that (i) as of the date on which the Company elects to redeem the Warrants and on the Redemption Date, the Exercise Conditions shall be satisfied; provided, however, that clause (iii) of the definition of "Exercise Conditions" need only be satisfied on the Redemption Date, (ii) on the Redemption Date, the Company shall have complied with all other applicable laws and regulations, if any including, without limitation, the Securities Act, necessary to permit the redemption of the Warrants, and (iii) an Optional Redemption Remarketing Event or a Legal Cause Remarketing Event shall have occurred and the Company shall have satisfied the applicable conditions to a Remarketing set forth in both the Declaration and the Remarketing Agreement.
Examples of Redemption Conditions in a sentence
If any Loan Party makes a cash payment in respect of Permitted Convertible Debt utilizing the Redemption Conditions, Borrower shall, at all times thereafter, maintain Qualified Cash in an amount equal to no less than [**] percent ([**]%) of the Secured Obligations (inclusive of any Prepayment Charge and End of Term Charge that would be due and owing if the outstanding Term Loan Advances were prepaid at the time of measurement).
More Definitions of Redemption Conditions
Redemption Conditions means that:
Redemption Conditions means each of the following conditions to a redemption of this Warrant by the Company : (i) the shares of Common Stock have had an average Closing Price at or above [ ] Cents ($0.[ ]) per share (as adjusted for any stock splits, combinations or other recapitalizations) for [20] consecutive trading days ending on the date of the Redemption Notice (hereinafter defined) (the “Redemption Measuring Period”), and (ii) the resale of the shares of Common Stock issuable upon exercise of this Warrant is registered with the Securities and Exchange Commission (the “SEC”) for resale to the public under an effective registration statement and all such shares remain registered thereafter until redemption.
Redemption Conditions in relation to each tranche means:
Redemption Conditions means each of:
Redemption Conditions means, with respect to any redemption by New Parent of any Permitted Convertible Debt, satisfaction of each of the following events at the time of the issuance of the related redemption notice: (a) no Default or Event of Default shall exist or result therefrom, and (b) Borrower’s Unrestricted Cash shall be no less than 150% of the outstanding Secured Obligations (after giving pro forma effect to the maximum potential consideration deliverable upon redemption or conversion of such Permitted Convertible Debt pursuant to the terms of such redemption notice).
Redemption Conditions. ’ means, with respect to any redemption, (i) that the consent of the FSA to the redemption, if then required, has been obtained and (ii) that HBOS either has (a) Adjusted Distributable Reserves or (b) proceeds available from an issue of Replacement Capital that has been made for the purpose of funding the redemption, in either of cases (ii)(a) or (b) in an amount at least equal to the aggregate Optional Redemption Price;
Redemption Conditions means, with respect to any redemption by Borrower of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than one hundred fifty percent (150%) of the outstanding principal amount of the Secured Obligations.