Redemption Terms Sample Clauses

The Redemption Terms clause defines the conditions and procedures under which a party, typically an investor or shareholder, can redeem or repurchase their interest in a security or financial instrument. It outlines key details such as the timing, price, notice requirements, and any restrictions or penalties associated with redemption. For example, it may specify that shares can be redeemed after a certain holding period or at a predetermined price. This clause serves to provide clarity and predictability for both parties, ensuring that the process for redeeming interests is transparent and agreed upon in advance, thereby reducing the risk of disputes.
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Redemption Terms. The Debentures shall be redeemable at the expiry of 24 months from the date of their issue. In the event of the company failing to redeem the Debentures upon being called upon to do so, the company shall be liable to pay penal interest, compounded on a daily basis at a rate of 4 % per annum over and above the normal interest rate payable by the company from the date of default till the date of actual redemption. This remedy shall be in addition to all other remedies available with the Debenture holder.
Redemption Terms. (i) On [ ] (the “Initial Redemption Date”) and on any Class B Payment Date falling on or after the Initial Redemption Date, the Class B Preferred Securities shall be redeemable at the option of the Company, in whole but not in part, at a redemption price per Class B Preferred Security equal to the Class B Liquidation Preference Amount, plus any accrued and unpaid Capital Payments in respect of the then current Class B Payment Period to but excluding the date of redemption (the “Class B Redemption Date”), plus Additional Amounts, if any (the “Redemption Price”), provided that, the Company may exercise its right to redeem the Class B Preferred Securities only if (A) the Company has given 30 calendar daysprior notice (or such longer period as may be required by the relevant regulatory authorities) to the Class B Preferred Securityholders of its intention to redeem the Class B Preferred Securities on the Class B Redemption Date and (B) the Company has obtained any required regulatory approvals. (ii) The Company shall have the right, upon the occurrence of a Company Special Redemption Event, to redeem the Class B Preferred Securities at any time upon at least 30 calendar days’ prior notice, in whole but not in part, at the Redemption Price, subject to the Company having obtained any required regulatory approvals. (iii) In the event that payment of the Redemption Price in respect of any Class B Preferred Securities is improperly withheld or refused and not paid, Capital Payments on such Class B Preferred Securities shall continue to accrue at the Stated Rate from the designated Class B Redemption Date to the date of actual payment of the Redemption Price, in which case the actual payment date shall be considered the Class B Redemption Date for purposes of calculating the Redemption Price. (iv) No redemption of the Class B Preferred Securities shall take place for any reason unless on the Class B Redemption Date (i) the Company has an amount of cash funds (by reason of payments on the Obligations or the Class B Preferred Guarantee) at least equal to the Redemption Price, plus Additional Amounts, if any, (ii) the Company has an amount of Operating Profits for the current Class B Payment Period at least equal to the Capital Payments on the Class B Preferred Securities accrued and unpaid as of the Class B Redemption Date, plus Additional Amounts, if any, (iii) the Bank has an amount of Distributable Profits (for the preceding fiscal year for which audited unconsol...
Redemption Terms. The Company reserves the right, at its sole option, to call a mandatory redemption of any percentage of the balance on the Debentures during the two hundred ten (210) day period following the Closing Date. In the event the Company exercises such right of redemption up to and including the two hundred tenth (210th) day following the Closing Date it shall pay the Purchaser, in U.S. currency One Hundred Thirty Percent (130%) of the face amount of the Debentures redeemed. Mandatory redemption by the Company shall be effected by the Company notifying the Purchaser by facsimile at the number listed in this Agreement of the Company's intention to exercise its right of mandatory redemption. The Company shall state in such notice the dollar amount of the Debentures it intends to redeem, the amount that it will pay to effectuate such redemption and the date by which the Purchaser must deliver the Debentures to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Escrow Agent (including the Escrow Agent's address) unless the Company is already in receipt of those Debentures to be redeemed. The date by which the Debentures must be delivered to the Escrow Agent shall not be later than 10 business days following the date the Company notifies the Purchaser by facsimile of the redemption. The Company shall give the Purchaser at least 2 business day's notice of the above information. On or before the date by which the Purchaser is to deliver the original Debentures to the Escrow Agent, the Company shall wire to the Escrow Agent that amount necessary to pay the Purchaser to effectuate the mandatory redemption. Once the Escrow Agent is in receipt of the original Debentures and those funds necessary to effectuate the mandatory conversion he shall wire those funds to the Purchaser and deliver to the Company the original Debentures via overnight courier. The Purchaser shall not be entitled to send a Conversion Notice to the Company with respect to the Debentures being redeemed during such period.
Redemption Terms. The Class A Preferred Security shall not be redeemable.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership at any time prior to maturity in an amount equal to the principal thereof and Make-Whole Amount (as defined in the Indenture), if any, and interest thereon.
Redemption Terms. The Debt Securities are redeemable at the option of the Operating Partnership: (a) at any time prior to December 15, 2020, in an amount equal to the sum of (i) the principal amount thereof, plus accrued and unpaid interest thereon and (ii) the Make-Whole Amount (as defined in the Indenture), if any; and (b) on or after December 15, 2020, in an amount equal to the principal amount thereof, plus accrued and unpaid interest thereon.
Redemption Terms. Eighty five percent (85%) of the total value of each partial delivery of the equipment in operation shall be paid in 20 biannual installments, equal and consecutive. The first installment shall be due six (6) months after each date of the transaction of receipt of the goods and their placing in operation. E)
Redemption Terms. Optional — redeemable prior to maturity, in whole or in part, at the option of the Company at a make-whole redemption price (as defined and described in further detail in the Prospectus Supplement).
Redemption Terms. In order to receive payment of the Redemption Price, the holder of any shares of Series B Preferred Stock redeemed pursuant to this Section shall before or within 60 days after the Mandatory Redemption Date or Optional Redemption Date, as the case may be, surrender the certificate or certificates representing such shares to the Corporation or provide a lost stock affidavit and indemnification to the Corporation.
Redemption Terms. As described in the Underlying Security disclosure documents the Underlying Securities may be redeemed as a whole or in part at any time at the option of the Underlying Security Issuer. CUSIP No.:/ISIN ▇▇. ▇▇▇▇▇▇ ▇▇ ▇ Underlying Security Trustee: JPMorgan Chase Bank (as successor to The Chase Manhattan Bank, N.A.).