Right of redemption definition

Right of redemption means the right of a customer of an e-money institution to cash out all or part of his/her e-money account balance at any time.
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Examples of Right of redemption in a sentence

  • Right of redemption The holder of any share, upon its presentation to the Company or to any of its duly authorized representatives, is entitled to receive, by way of redemption, approximately his proportionate share of the Company’s current net assets or the cash equivalent thereof.

  • Right of redemption; good faith purchaser's right; disposition of proceeds; lienor's liability.(a) Before the sale authorized by G.S. 44A-43, or other disposition of the property, the occupant may pay the amount necessary to satisfy the lien plus the reasonable expenses incurred by the owner for the preservation of the property and thereby redeem the property.

  • Right of redemption - When made.Every person having an interest in property that is subject to a lien has a right to redeem it from the lien at any time after the claim is due and before the person's right of redemption is foreclosed.

  • Right of redemption; right of possession There shall be no right of redemption, or right of possession based upon right of redemption, in the mortgagor or others subsequent to a foreclosure pursuant to this chapter.

  • Right of redemption: Any person having or claiming to have an interest in any such real property and the legal right thereto may on or before said date redeem the same by paying the amount of all such unpaid tax liens thereon, including all interest and penalties and other legal charges which are included in the lien against such real property, computed to and including the date of redemption.

  • Right of redemption is an asset that borrower owns and can be sold, transferred, or even mortgaged (second mortgage) – interest in land less than fee simpleBASIC PRINCIPLE  The mortgagor’s right of redemption is based on the equitable principle that a borrower should have a final opportunity to keep his/her property, even if they have failed to make payments on the mortgage, since the property will be sold in foreclosure proceedings.

  • Right of redemption; subrogation 1€ Svery person, having an interest in property subject to a lien, has a right to redeem it 1L from the lien, at any time after the claim is due, and before his right of redemption is foreclosed, and, by such redemption, becomes subrogated to all the benefits of the 18 lien, as against all owners of other interests in the property, except in so far as he was bound to make such redemption for their benefit.

  • Right of redemption cannot be extinguished neither by act of parties nor by the decree of a court.

  • Right of redemption; good faith purchaser's right; disposition of proceeds; lienor's liability.

  • Right of redemption or equity of redemption is the essence of a mortgage, and any provision inserted in the mortgage deed to prevent, evade or hamper redemption is void.

Related to Right of redemption

  • Notice of Redemption means the Notice of Redemption substantially in the form of Exhibit B to this Agreement.

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

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

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

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

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

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

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

  • 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).

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • 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;

  • 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.

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

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

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

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

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

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

  • 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.

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

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

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).