Manner of Redemption Sample Clauses

Manner of Redemption. Whenever the Company shall determine to exercise any optional right it may have to redeem Bonds of any series issued hereunder, it shall file with the Trustee not less than sixty days prior to the date fixed for the redemption of such Bonds, a Resolution specifying the principal amount of and designating the series of Bonds to be redeemed and shall, on or before the date fixed for redemption, deposit with the Trustee sufficient moneys to redeem such Bonds and pay to the Trustee its proper expenses and charges in connection with such redemption.

Manner of Redemption. Whenever any Bonds or portions thereof are to be selected for redemption by lot, the Trustee shall make such selection in such manner as the Trustee shall deem appropriate and shall notify the Administrator thereof to the extent Bonds are no longer held in book-entry form. In the event of redemption by lot of Bonds, the Trustee shall assign to each Bond then Outstanding a distinctive number for each $5,000 of the principal amount of each such Bond. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected, but only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. All Bonds redeemed or purchased pursuant to this Section 2.03 shall be cancelled and destroyed by the Trustee.

Manner of Redemption. Commencing on July 1, 1998, the former shareholders of ▇▇▇▇▇▇ Car Wash, Inc., may sell to SPF a percentage of the SPF Energy, Inc. Common Stock received in exchange for ▇▇▇▇▇▇ Car Wash, Inc. Common Stock and SPF shall buy the percentage tendered as allowed by this Agreement.

Manner of Redemption. Upon approval of the form and substance of any such redemption request by the Managing Member and the surrender for cancellation of such Members’ Membership Certificate representing Common Units, the Managing Member shall (i) cause a certificate representing Common Shares to be transferred to and registered in the name of such Member equal to the number of Common Units being redeemed, and (ii) issue a new Membership Certificate to the Member representing the number of Common Units that are not being redeemed and that will continue to be owned by such Member after the redemption, if any.

Manner of Redemption. In the event the Corporation redeems the Redemption Shares pursuant to subsection (a) above, the Corporation shall send written notice of its intent or obligation to do so to each holder of record of such shares at least thirty (30) days prior to the Date of Redemption, which shall set forth the following: (i) the number of shares to be redeemed by the Corporation from such shareholder; (ii) the aggregate number of Redemption Shares to be redeemed from all the holders thereof; (iii) the Date of Redemption; (iv) the Series BB Redemption Price per share; and (v) instructions to the holders thereof to surrender all certificates evidencing the Redemption Shares to the Corporation at its principal office (or such other place as may be designated in the notice by the Corporation); provided, however, that the failure of the Corporation to deliver such notice shall not relieve the Corporation of its obligation to redeem the Redemption Shares pursuant to the terms of this Section 8. Upon receipt of such notice, each holder of Redemption Shares shall surrender to the Corporation all certificates evidencing the shares to be redeemed as instructed, and, thereupon, the Corporation shall pay the Series BB Redemption Price for each such share to the order of the holder of the shares so redeemed and each such certificate and the shares evidenced thereby shall be canceled and retired. No Redemption Shares redeemed by the Corporation shall be reissued by the Corporation. From and after the Date of Redemption set forth in the Corporation’s notice of redemption, no further dividends shall accrue upon any shares of Series BB Preferred Stock, subject to the redemption thereof on such date.

Manner of Redemption. Redemption from the FUND shall be computed on the basis of the applicable Net Asset Value per unit on the day the redemption is effected. Redemptions from the FUND shall result in the reduction of the TRUSTOR’s proportionate interest in the FUND. Such reductions shall be expressed in units based on the NAVPU. For the effective management of the FUND, the minimum amount for partial redemptions, the minimum holding period, and the required minimum maintaining balance in the FUND are stated in the PLAN(s)/TRUST DEED. Should a redemption result to the investment in the FUND/s falling below the required minimum maintaining balance, the TRUSTEE shall automatically close the account without need of prior notification to the TRUSTOR, in which case, the entire balance of the FUND/s shall be paid through credit to the TRUSTOR/s’ Settlement Account based on the applicable Net Asset Value per unit for the day multiplied by the number of remaining unit holdings. Settlement of redemptions shall be in accordance with what is stated in the PLAN(s)/TRUST DEED of the FUND. Changes thereof shall be subject to Subsection X410.6.

Manner of Redemption. Pursuant to Condition 7.1 above, the Convertible Notes shall be redeemable in the following manner:- 7.2.1 redemption shall take place within 7 days from the date of the written request by the Convertible Notes holder by serving the Redemption Notice as set out in Annex B hereto Anwell (with Interest to accrue through the date of redemption); 7.2.2 at the time and place so agreed by the parties, the holders of Convertible Note shall be bound to surrender to Anwell the certificate(s) for their respective Convertible Notes to be redeemed and Anwell shall pay to the respective holder the Principal Amount and any interest payable pursuant to Condition 4.

Manner of Redemption. In the event the Corporation becomes obligated to redeem the Series AA Redemption Shares pursuant to subsection (b) above, the Corporation shall send written notice of its intent or obligation to do so to each holder of record of such shares in accordance with Section 1(c) of this Article Tenth.

Manner of Redemption. Notice of redemption of outstanding shares of Redeemable Preferred Stock pursuant to Sections 5(a) and 5(b) shall be sent by or on behalf of the Corporation to the holders of record of outstanding shares of Redeemable Preferred Stock selected for redemption in the manner provided in Section 7(b) hereof. If, as a result of a redemption, a holder would be left with fractions of a share of Redeemable