Redemption Payment definition

Redemption Payment means with respect to any Series or Class of Notes, any payment of principal of and interest on the Notes of such Series or Class due from the Note Issuer upon the early redemption of such Series or Class of Notes, other than any such payment due by reason of the occurrence of an Event of Default with respect to such Series or Class of Notes.

Redemption Payment is defined in Section 10(a).

Redemption Payment means the lesser of:

Examples of Redemption Payment in a sentence

• If the credit against a Voucher is not sufficient to meet the Voucher Redemption Payment, Smartbox Group UK Ltd shall only pay to the Partner an amount equal to the credit against the Voucher (less the Promotion Fee) but the Partner may, at its own discretion, agree to accept top up payment directly from the Customer.

• Smartbox Group UK Ltd agrees to account to the Partner for the balance (after deducting the Promotion Fee) of the Voucher Redemption Payment on each valid booking to receive Activities from the Partner which has been notified to Smartbox Group UK Ltd through the Smartbox Group UK Ltd booking verification and notification process.

• The Partner shall be responsible for using the Smartbox Group UK Ltd booking verification and notification process to ensure that Vouchers used by Customer are valid, meaning the Voucher must, as at the date of the booking, be one that:  can be validly redeemed for the specified Activity;  has sufficient credit against it to meet or exceed the Voucher Redemption Payment for the specified Activity; and  has not expired.

More Definitions of Redemption Payment

Redemption Payment means, in relation to any Redeemable Non-Voting Preference Share:

Redemption Payment means the redemption payment to which a Series A Preferred Stockholder is entitled pursuant to Section A.8 hereof, a Series B Preferred Stockholder is entitled pursuant to Section B.8 hereof, a Series C Preferred Stockholder is entitled pursuant to Section C.8 hereof or a Series D Preferred Stockholder is entitled pursuant to Section D.8 hereof.

Redemption Payment means, with respect to a Purchased Eligible Loan to be redeemed pursuant to Section 15, an amount equal to the greater of (x) the proceeds of the sale or other transfer of such Purchased Eligible Loan, if any, including proceeds received subsequent to the redemption date, and (y) the Purchase Price paid by the Department in exchange for the Class A Participation Interest in such Purchased Eligible Loan together with any Participant’s Yield on such Purchase Price calculated through the date of the next scheduled distribution to the Department, less (with respect to (y)) any amount that the Sponsor demonstrates to the satisfaction of the Department, in its sole discretion, was received with respect to such Purchased Eligible Loan and remitted to the Department pursuant to Section 11(b) in satisfaction of a portion of the Participant’s Yield and Purchase Price with respect to such Purchased Eligible Loan.

Redemption Payment means any payment (except payments made in Capital Stock of Holdings) on account of the purchase, redemption, retirement or acquisition (including merger consideration) of (i) any shares of any Group Member’s Capital Stock or (ii) any option, warrant or other right to acquire shares of any Group Member’s Capital Stock.

Redemption Payment means a payment equal to the denomination value of the Bonds made to redeem the Bonds;

Redemption Payment is defined in Section 5.01 of this Agreement.

Redemption Payment means, with respect to any Series or Class of Notes, any payment of principal of and premium, if any, and interest on the Notes of such Series or Class due from the Note Issuer upon the early redemption of such Series or Class of Notes, other than any such payment due by reason of the occurrence of a Note Event of Default with respect to such Series or Class of Notes.