Timing of Redemption Clause Samples

The "Timing of Redemption" clause defines when and under what circumstances a party can redeem or repurchase securities, assets, or interests specified in an agreement. It typically outlines specific dates, periods, or triggering events that must occur before redemption is permitted, and may set notice requirements or procedural steps for initiating redemption. This clause ensures both parties have a clear understanding of the timeframes and conditions for redemption, thereby preventing disputes and providing predictability regarding the exercise of redemption rights.
Timing of Redemption. The Redemption Obligation (or the obligation to provide Notice of an applicable Redemption Restriction, if one exists) shall mature on the date which is seven (7) business days after the receipt by the General Partner of a Redemption Notice from the Redeeming Party (the "Redemption Date").
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Timing of Redemption. The Redemption will occur concurrent with and conditional upon the Acquisition Closings. If for any reason the Acquisition Closings do not occur, ACG will not be obligated to redeem, and the Note Holders will not be obligated to accept ACG's offer of redemption of, the Note in accordance with the terms and conditions of the Agreement.
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Timing of Redemption. If the Series B Preferred Stock is redeemed after October 8, 2007, ("Third Anniversary Redemption Date"), each holder of Series B Preferred Stock shall be entitled to redeem one-third (1/3) of the Series B Preferred Stock (together with any accrued interest thereon pursuant to subsection (B) below of this Section 5.2(b)(2)), held by such holder of the Series B Preferred Stock as of the Closing Date, during each twelve-month period following the Third Anniversary Redemption Date up to the Redemption Deadline.
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Timing of Redemption. In the event of a redemption of either the Series A Preferred Stock or the Series B Preferred Stock pursuant to Section 5.2 or 5.5, upon written notification by the holder(s) of their election to redeem their shares of Preferred Stock, the Company may, no later than fifteen (15) calendar days after receipt of such notice, request that such holder(s) tender to the Company such transmittal or related materials as it may reasonably request. The Company shall consummate the redemption of the tendered shares (including payment for such redeemed shares) no later than (i) 90 days from receipt of notice of redemption from the applicable holder, should the Company not timely request any transmittal materials, or (ii) within 75 days of receipt of requested transmittal materials from the redeeming stockholder. Such holder's election to redeem the Series A Preferred Stock or the Series B Preferred Stock may not be revoked without the written consent of the Company so long as the Company satisfies the redemption preference in full within the time period set forth in this Section 5.8.
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Timing of Redemption. Within 30 business days after receipt of the Redemption Notice, the holder of each share of this Series shall surrender the certificate representing such share at the office of the Corporation and shall give written notice to the Corporation at said office specifying the name or names and denominations in which such holder wishes the certificate or certificates for the Common Stock to be issued (which notice may be printed on the reverse of the certificates for the shares of this Series). Unless the shares issuable on redemption are to be issued in the same name as the name in which such share of this Series is registered, each share surrendered for redemption shall be accompanied by instruments of transfer, in form reasonably satisfactory to the Corporation, duly executed by the holder or his duly authorized attorney, and by an amount sufficient to pay any transfer or similar tax. The Corporation shall pay all other expenses in connection with the redemption and issuance of Common Stock.
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Timing of Redemption. Subject to Schedule 1, clauses 4 and 5, a Convertible Note will be redeemed: (a) in the event of the occurrence of an event in accordance with Schedule 1, clause 3.1(a), within 10 Business Days after the receipt by the Company of the Redemption Notice; (b) in the event of a takeover in accordance with schedule 1, clause 5(a), within 10 Business Days after the later of the close of the takeover offer and the date that the Company’s shareholders receive their consideration under the takeover bid; (c) in the event of a change of control of 50% or more of the shares in accordance with Schedule 1, clause 5(b), within 10 Business Days after the transfer of the shares to the new shareholder; (d) in the event of a sale of the main undertaking of the Company in accordance with Schedule 1, clause 5(c), within 10 Business Days after completion of the transfer of the main undertaking; (e) in the event that the Company issues a notice that it intends to redeem the Notes in accordance with Schedule 1, clause 3.1(b), on the day which is 30 days after the receipt by the Noteholder of the notice; (f) in the event of a voluntary redemption by the Company in accordance with Schedule 1, clause 3.5, on the date specified by the Company in accordance with that clause; or (g) in the case of redemption on the Maturity Date, on the Maturity Date, and the Company will deliver to the Noteholder a cheque or draft or by electronic transfer in favour of the Noteholder or such other person as the Noteholder will have directed the Company in writing, for the Redemption Amount including the amount of any accrued but unpaid interest prior to (but not including) the Date of Redemption.
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Related to Timing of Redemption

  • Effect of Redemption If the Board of Directors elects or is deemed to have elected to redeem the Rights, (i) the right to exercise the Rights will thereupon, without further action and without notice, terminate and the only right thereafter of the holders of Rights shall be to receive the Redemption Price, and (ii) subject to Subsection 5.1(f) no further Rights shall be issued.

  • Payment of Redemption Price The Parties agree that, on the applicable date of the redemption (the “Redemption Date”), the redemption payment shall be made to the Investors as follows: (a) The assets or funds of the Group Companies and/or the Founder, as applicable, (the “Repurchaser”) which are legally available on the applicable Redemption Date shall be first used to pay the Series F Redemption Price due on the applicable Redemption Date on the Series F Preferred Shares under Section 3.2(vi). If the assets or funds of the Repurchaser which are legally available on the applicable Redemption Date are insufficient to pay the full amount of the Series F Redemption Price, those assets or funds shall be used to pay the Series F Redemption Price on the Series F Preferred Shares, pari passu with each other, in proportion to the full amount to which Series F Investor would otherwise be respectively entitled under Section 3.2(vi). Series F Investors shall have the right to request the un-redeemed Series F Preferred Shares to be redeemed as soon as possible when the Repurchaser has sufficient funds to pay the full amount of the Series F Redemption Price for each un-redeemed Series F Preferred Shares. The un-redeemed Series F Preferred Shares with respect to which the Repurchaser has become obligated to pay the redemption payment but which it has not paid in full shall continue to have all the powers, designations, preferences and relative participating, optional, and other special rights (including, without limitation, rights to accrue dividends) which such Series F Preferred Shares had prior to such date, until the redemption payment has been paid in full with respect to such Series F Preferred Shares. (b) After the full payment of the Series F Redemption Price, the remaining assets or funds of the Repurchaser which are legally available on the applicable Redemption Date shall be used to pay the Series E Redemption Price due on such Redemption Date. If the assets or funds of the Repurchaser are insufficient to pay the full amount of the Series E Redemption Price, those assets or funds shall be used to pay the Series E Redemption Price on the Series E Preferred Shares, pari passu with each other, in proportion to the full amount to which Series E Investor would otherwise be respectively entitled under Section 3.2(v). Series E Investors shall have the right to request the un-redeemed Series E Preferred Shares to be redeemed as soon as possible when the Repurchaser has the funds in the future. The un- redeemed Series E Preferred Shares with respect to which the Repurchaser has become obligated to pay the redemption payment but which it has not paid in full shall continue to have all the powers, designations, preferences and relative participating, optional, and other special rights (including, without limitation, rights to accrue dividends) which such Series E Preferred Shares had prior to such date, until the redemption payment has been paid in full with respect to such Series E Preferred Shares. (c) After the full payment of the Series F Redemption Price and the Series E Redemption Price, the remaining assets or funds of the Repurchaser which are legally available on the applicable Redemption Date shall be used to pay the Series D Redemption Price due on such Redemption Date. If the assets or funds of the Repurchaser are insufficient to pay the full amount of the Series D Redemption Price, those assets or funds shall be used to pay the Series D Redemption Price on the Series D Preferred Shares, pari passu with each other, in proportion to the full amounts to which the Series D Investor would otherwise be respectively entitled under Section 3.2(iv). Series D Investors shall have the right to request the un-redeemed Series D Preferred Shares to be redeemed as soon as possible when the Repurchaser has the funds in the future. The un-redeemed Series D Preferred Shares with respect to which the Repurchaser has become obligated to pay the redemption payment but which it has not paid in full shall continue to have all the powers, designations, preferences and relative participating, optional, and other special rights (including, without limitation, rights to accrue dividends) which such Series D Preferred Shares had prior to such date, until the redemption payment has been paid in full with respect to such Series D Preferred Shares. (d) After the full payment of the Series F Redemption Price, the Series E Redemption Price and the Series D Redemption Price, the remaining assets or funds of the Repurchaser which are legally available on the applicable Redemption Date shall be used to pay the Redemption Price for the other Redemption Right Holders due on such Redemption Date. If the assets or funds of the Repurchaser are insufficient to pay the full amount of the Redemption Price for the other Redemption Right Holders, those assets or funds shall be used to pay the Redemption Price for the other series of Preferred Shares, pari passu with each other, in proportion to the full amounts to which the other Redemption Right Holders would otherwise be respectively entitled under the relevant provision of Section 3.2. The other Redemption Right Holders shall have the right to request the un-redeemed Preferred Shares to be redeemed as soon as possible when the Repurchaser has the funds in the future. The un-redeemed Preferred Shares with respect to which the Repurchaser has become obligated to pay the redemption payment but which it has not paid in full shall continue to have all the powers, designations, preferences and relative participating, optional, and other special rights (including, without limitation, rights to accrue dividends) which such Preferred Shares had prior to such date, until the redemption payment has been paid in full with respect to such Preferred Shares.

  • Waiver of Redemption Tenant hereby waives, for itself and all persons claiming by and under Tenant, all rights and privileges which it might have under any present or future Legal Requirement to redeem the Premises or to continue this Lease after being dispossessed or ejected from the Premises.

  • Right of Redemption 93 Section 10.02. Applicability of Article.....................................93 Section 10.03. Election to Redeem; Notice to Trustee........................93 Section 10.04. Selection by Trustee of Notes to Be Redeemed.................93 Section 10.05.

  • Notice of Redemption Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address. Notes in denominations larger than $1,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption date interest ceases to accrue on Notes or portions thereof called for redemption.