Partial Redemptions Clause Samples
The Partial Redemptions clause outlines the terms under which a party can redeem only a portion of their holdings or interests, rather than the entire amount. Typically, this clause specifies the minimum and maximum amounts that can be redeemed at one time, any notice requirements, and the process for requesting a partial redemption. Its core function is to provide flexibility for investors or stakeholders, allowing them to access liquidity without fully exiting their position, while also enabling the issuer or fund to manage cash flows and operational planning.
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Partial Redemptions. In case the Company elects to redeem less than all of the Notes, the Company shall redeem the Notes pro rata from each Noteholder. For all purposes of this Agreement, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.
Partial Redemptions. Promptly after the Custodian becomes aware thereof, the Custodian shall notify the Client of the partial redemption of any Securities. If the Custodian or any Subcustodian or Securities Depository holds any Securities in which the Client has an interest as part of a fungible mass, the Custodian or such Subcustodian or Securities Depository may select the securities to participate in partial redemptions, partial payments or other actions affecting less than all securities of the relevant class in any non-discriminatory manner that it customarily uses to make such selection.
Partial Redemptions. If only a portion of a Note is subject to redemption pursuant to Section 6.01 and such Note is converted in part, then the converted portion of such Note will be deemed to be from the portion of such Note that was subject to redemption.
Partial Redemptions. Any plan level redemption with a value over $10,000,000 requires a pre-notification of five (5) business days prior to the trade date. Notification should be made to the Trustee via email to ▇▇▇▇@▇▇▇▇.▇▇▇. If notification is not received timely, settlement may be delayed up to five (5) business days.
Partial Redemptions. If only a portion of a Note is subject to redemption pursuant to Section 6.01 and such Note is converted in part, then the converted portion of such Note will be deemed to be from the portion of such Note that was subject to redemption. For purposes of the Notes, each reference to $2,000 in Section 3.02 of the Base Indenture will be deemed to be replaced with $1,000.
Partial Redemptions. 8 When And How We Pay...................................................... 8
Partial Redemptions. In case the Issuer is entitled to, and elects to, redeem less than all of the Notes, the Issuer shall redeem the Notes PRO RATA from each Noteholder (or as nearly PRO RATA as practicable). For all purposes of this Agreement, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.
Partial Redemptions. In the case of partial redemptions, Series 2 Shares to be redeemed will be redeemed pro rata (disregarding fractions) or in any other manner that the Board of Directors in its sole discretion may determine, subject to approval of the Superintendent.
Partial Redemptions. In case the Company elects to redeem less than all of the Notes, the Company shall redeem the Notes on a pro rata basis within each series of Notes (i.e., Initial Notes and Additional Notes) as well as (other than, at the option of the Company and in its sole discretion, in the case of a redemption, pursuant to the terms of the Additional Notes, of all (but not less than all) Additional Notes in connection with the consummation of a QIPO prior to December 31, 2007) on a pro rata basis with respect to all Notes. For all purposes of this Agreement, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.
Partial Redemptions. Any Bond which is to be redeemed in part only shall be surrendered at the place stated for the surrender of Bonds called for redemption in the notice provided for in item (i) of subsection (d) of this Section (with due endorsement by, or a written instrument of transfer in form satisfactory to the Servicing Agent duly executed by, the Bondholder), and upon such surrender, the City shall execute and the Servicing Agent shall deliver to the owner of such Bond, without service charge, a new Bond or Bonds, of any authorized denomination as requested by such owner, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered.