Redemption Price Sample Clauses
The Redemption Price clause defines the amount or formula used to determine the price at which a security, such as a bond or preferred stock, can be redeemed or bought back by the issuer before its maturity. Typically, this clause specifies whether the redemption price is set at a fixed amount, a premium over the original issue price, or calculated based on a predetermined schedule. For example, a bond might be redeemable at 105% of its face value if called within the first five years, and at par thereafter. The core function of this clause is to provide transparency and certainty to both issuers and investors regarding the financial terms of early redemption, thereby managing expectations and reducing disputes over buyback terms.
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Redemption Price. The Redemption Price for any Note called for Redemption is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date for such Redemption; provided, however, that if such Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Redemption, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Redemption Date is before such Interest Payment Date); and (ii) the Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Redemption Date. For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) the Redemption Price will include interest on Notes to be redeemed from, and including, such Interest Payment Date.
Redemption Price. Units will be redeemed at the Redemption Price less the Redemption Fee if such fee is applicable as set out in Annex A for each Sub-Fund and subject to relevant taxes, levies or charges. Whether Units are voluntarily or compulsorily redeemed, the redemption proceeds may be paid in cash, or, subject to the consent of a Unitholder, in securities, commodities or other financial instruments or other interests (the “In-specie Redemption”) or in any combination thereof. When cash is distributed for a redemption, the proceeds will generally be paid in the Class currency by wire/bank transfer with no interest earned on such settlement. All costs of effecting any money transfer will be borne by the Unitholders and may be deducted from the redemption monies.
Redemption Price. The term “Redemption Price” shall mean, when used with respect to any Security to be redeemed, the price at which it is to be redeemed by or pursuant to this Indenture.
Redemption Price. The term “
Redemption Price. Shares of the Trust, or of any Series or Class thereof shall be redeemed at their net asset value determined as set forth in Section 8.7 hereof as of such time or times as the Trustees shall have theretofore prescribed, less such fees and/or charges, if any, as may be established by the Trustees from time to time.
Redemption Price. 19 Section 8.4 Payment....................................................................
Redemption Price. At any time after the occurrence of a Flip-In Event and prior to a person's becoming the beneficial owner of 50% or more of the shares of Common Stock then outstanding or the occurrence of a Flip-Over Event, the Company may exchange the Rights (other than Rights owned by an Acquiring Person or an affiliate or an associate of an Acquiring Person, which will have become void), in whole or in part, at an exchange ratio of one share of Common Stock, and/or other equity securities deemed to have the same value as one share of Common Stock, per Right, subject to adjustment.
Redemption Price. The redemption price for the units (the “Effective Redemption Price”) will be, as follows:
(i) For redemption requests made in the first twelve (12) months following the acquisition of Interests in a Series in the Initial Offering or Subsequent Offering, the redemption price will be equal to eighty percent (80%) of the purchase price of the Interests being redeemed reduced by (i) the aggregate sum of distributions already paid to the Member with respect to such Interests in a Series, rounded down to the nearest cent, and (ii) the aggregate sum of distributions, if any, that the Managing Member declared but unpaid to the Member with respect to such Interests in a Series subject to the redemption request. The aggregate redemption amount (which includes distributions already paid or distributions declared but unpaid) shall not be more than the Member’s original purchase price of the Interests in the Series.
(ii) For redemption requests made in the second twelve (12) months following the acquisition of Interests in a Series in the Initial Offering or Subsequent Offering, the redemption price will be equal to ninety percent (90%) of the purchase price of the Interests being redeemed. The redemption price with respect to the Interests in the Series that are subject to the redemption request will not be reduced by the aggregate sum of distributions, if any, that have been (i) paid with respect to such Interests in a Series prior to the date of the redemption request or (ii) declared by the Managing member but unpaid on such Interests in a Series with record dates during the period between the redemption request date and the redemption date.
(iii) For redemption requests made thereafter, the redemption price will be equal to one-hundred percent (100%) of the purchase price of the Interests being redeemed. The redemption price with respect to the Interests in the Series that are subject to the redemption request will not be reduced by the aggregate sum of distributions, if any, that have been (i) paid with respect to such Interests in a Series prior to the date of the redemption request or (ii) declared by the Managing member but unpaid on such Interests in a Series with record dates during the period between the redemption request date and the redemption date.
Redemption Price. 19 Section 8.4 Payment.................................................. 20 Section 8.5 Redemption of Shareholder's Interest by Action of Trust.. 20 Section 8.6
Redemption Price. The redemption price for the units (the “Effective Redemption Price”) will be, as follows:
(i) For redemption requests made in the first twelve (12) months following the acquisition of Interests in a Series in the Initial Offering or Subsequent Offering, the redemption price will be equal to seventy-five percent (75%) of the purchase price of the Interests being redeemed reduced by (i) the aggregate sum of distributions already paid to the Member with respect to such Interests in a Series, rounded down to the nearest cent, and (ii) the aggregate sum of distributions, if any, that the Managing Member declared but unpaid to the Member with respect to such Interests in a Series subject to the redemption request. The aggregate redemption amount (which includes distributions already paid or distributions declared but unpaid) shall not be more than the Member’s original purchase price of the Interests in the Series.
(ii) For redemption requests made in the second twelve (12) months following the acquisition of Interests in a Series in the Initial Offering or Subsequent Offering, the redemption price will be equal to ninety percent (90%) of the purchase price of the Interests being redeemed. The redemption price with respect to the Interests in the Series that are subject to the redemption request will not be reduced by the aggregate sum of distributions, if any, that have been (i) paid with respect to such Interests in a Series prior to the date of the redemption request or (ii) declared by the Managing member but unpaid on such Interests in a Series with record dates during the period between the redemption request date and the redemption date.
(iii) For redemption requests made thereafter, the redemption price will be equal to one-hundred percent (100%) of the purchase price of the Interests being redeemed. The redemption price with respect to the Interests in the Series that are subject to the redemption request will not be reduced by the aggregate sum of distributions, if any, that have been (i) paid with respect to such Interests in a Series prior to the date of the redemption request or (ii) declared by the Managing member but unpaid on such Interests in a Series with record dates during the period between the redemption request date and the redemption date.