Redemption and Purchase - Cancellation Sample Clauses
The 'Redemption and Purchase - Cancellation' clause defines the process by which a company can redeem or repurchase its own securities and subsequently cancel them. Typically, this clause outlines the conditions under which securities may be bought back, such as at the option of the issuer or upon certain triggering events, and specifies that once repurchased, these securities are cancelled and no longer considered outstanding. This mechanism ensures that the total number of securities in circulation is accurately maintained and prevents repurchased securities from being resold or reissued, thereby protecting the interests of remaining security holders and maintaining transparency in the company's capital structure.
Redemption and Purchase - Cancellation the due date for its redemption in full has occurred and all sums due in respect of such Security (including all accrued interest) have been received by the Fiscal Agent and remain available for payment;
Redemption and Purchase - Cancellation at the relevant time, it has been Written-Down (save that, in the case of a partial Write-Down, the Note shall be considered to be outstanding to the extent it is not so Written-Down);