Settlement for Redemption Clause Samples

The Settlement for Redemption clause outlines the process and terms under which a party can redeem or repurchase an asset, security, or obligation before its scheduled maturity. Typically, this clause specifies the conditions that must be met for redemption, such as notice requirements, calculation of the redemption price, and any applicable penalties or premiums. For example, it may allow a company to buy back bonds from investors at a predetermined price before the bonds mature. The core function of this clause is to provide a clear mechanism for early settlement, offering flexibility to the redeeming party while ensuring transparency and predictability for all involved.
Settlement for Redemption. Upon the receipt and acceptance of Your redemption request with all the required documents, the redemption proceeds will be paid to You within 4 business days unless dealings have been suspended as specified in the section “Suspension of dealings” below. Note: Applications submitted or Premiums received after 3 p.m. (Singapore time) will be transacted based on the unit price as at the next Valuation day.
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Settlement for Redemption. Upon the receipt and acceptance of Your redemption request with all the required documents, the redemption proceeds will be paid to You unless dealings have been suspended as specified in the section “Suspension of dealings” below. Redemption proceeds will be paid as per the following timeline: • For Bond and Money Market ILP sub-funds to be processed within four (4) business days. • For Portfolios fund to be processed within seven (7) business days. • For all other ILP sub-funds to be paid within six (6) business days. Applications submitted or Premiums received after 3 p.m. (Singapore time) will be transacted based on the unit price as at the next Valuation day.
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Settlement for Redemption. Upon the receipt and acceptance of Your redemption request with all the required documents, the redemption proceeds will be paid to You within seven (7) business days unless dealings have been suspended as specified in the section “Suspension of dealings” below. Note: Redemption applications submitted or Premium received after 3 p.m. (Singapore time) will be processed on the next business day. The following example illustrates how the redemption works assuming You plan to withdraw S$200 from Your Portfolio fund on the fifth (5th) policy year. A 360 S$1.00 30% S$60 60 *S$10 300 B 120 S$2.00 10% S$20 10 110 C 480 S$2.00 40% S$80 40 440 D 240 S$1.60 20% S$40 25 215 Total 1,200 - 100% S$200 - - Net amount to be redeemed = Amount to be redeemed less Fees & Charges = S$200 – S$10 = S$190 *Partial withdrawal charge will be incurred upon the partial withdrawal of the Portfolio fund during the first five (5) policy years. Please refer to Fees and Charges section for more information. ** The actual unit price of units will fluctuate according to the market performance.
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Settlement for Redemption. Upon the receipt and acceptance of Your redemption request with all the required documents, the redemption proceeds will be paid to You unless dealings have been suspended as set out in clause 3.8.10 Suspension of Dealings. Redemption proceeds will be paid as per the following timeline: • for ILP Sub-Funds which invest all or significantly all of the assets in another collective investment scheme to be paid within seven (7) business days. Note: Redemption applications submitted or Premium received after 3 p.m. (Singapore time) will be processed on the next business day. Please refer to clause 3.8.9 for the Processing of Requests and Dealing Deadline. The following example illustrate how the redemption works assuming You plan to withdraw S$1,000 from Your ILP Sub-Fund on the sixth (6th) Policy year. A 300 S$1.20 30% S$300 250 *S$50 50 B 100 S$1.60 10% S$100 62.50 18.75 C 400 S$1.60 40% S$400 250 150 D 200 S$1.60 20% S$200 125 75 Total 1,000 - 100% S$1,000 - - Net amount to be redeemed = Amount to be redeemed less Fees & Charges = S$1,000 – S$50 = S$950 * Partial Withdrawal Limit will apply (where applicable) and Partial withdrawal charge will be incurred upon the partial withdrawal of the ILP Sub-Fund during the premium payment term. Please refer to the Fees and Charges section for more information. ** The actual unit price of units will fluctuate according to the market performance.
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Settlement for Redemption. Upon the receipt and acceptance of Your redemption request with all the required documents, the redemption proceeds will be paid to You unless dealings have been suspended as set out in clause 3.8.10
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Related to Settlement for Redemption

  • Optional Redemption Except as set forth in subparagraphs (b) and (c) of this Paragraph (5), the Company will not have the option to redeem the Notes prior to November 30, 2019. Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. (a) Notwithstanding the provisions of subparagraph (a) of this Paragraph (5), at any time prior to November 30, 2019, the Company may on any one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture at a redemption price equal to 105.8750% of the principal amount thereof, plus accrued and unpaid interest and Additional Amounts, if any, to the redemption date (subject to the rights of the Holders on the relevant record date to receive interest on the relevant interest payment date), with the net cash proceeds of one or more Equity Offerings; provided that at least 65% in aggregate principal amount of the Notes originally issued under the Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption and that such redemption occurs within 45 days of the date of the closing of such Equity Offering. (b) At any time prior to November 30, 2019, the Company may also redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder’s registered address, at a redemption price equal to 100% of the principal amount of Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and Additional Amounts, if any, to the date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date. (c) The Notes may also be redeemed in the circumstances described in Section 3.10 and 3.11 of the Indenture.

  • Final Redemption Unless previously redeemed, or purchased and cancelled, the Bonds will be redeemed at their principal amount on the Interest Payment Date falling on, or nearest to, June 26, 2017. The Bonds may not be redeemed at the option of the Issuer other than in accordance with this Condition.