Class A Redemption Price definition

Class A Redemption Price means, with respect to all the Class A shares, an amount determined by the directors of the Corporation to be equal to the fair market value of the consideration for which all the Class A shares were issued (the “Consideration”) [together with any declared and unpaid dividends]; but if any taxing authority having jurisdiction issues or proposes to issue an assessment or reassessment of tax on the basis that the fair market value of the Consideration was more or less than the amount so determined by the directors of the Corporation, the Class A redemption price shall be adjusted, effective as of the date of issuance of the Class A shares, to be, as applicable:
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Class A Redemption Price means an amount determined pursuant to Exhibit A hereto.
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Class A Redemption Price has the meaning set out in section 3.5.1;
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Examples of Class A Redemption Price in a sentence

  • Each share of Class A Stock, par value $1.00 per share ("Class A Stock"), owned by a Seller and all rights existing with respect thereto, shall be exchanged for that number of shares of IHS Stock as shall be equal in value to 51% of the Class A Redemption Price, and an amount of cash equal to 49% of the Class A Redemption Price.

  • On or after the date so specified for redemption, the Corporation shall pay or cause to be paid to or to the order of the registered holders of the Class A Preference Shares to be redeemed the Class A Redemption Price thereof on presentation and surrender of the certificate(s) representing the Class A Preference Shares called for redemption at the registered office of the Corporation, or any other place or places designated in the Class A Redemption Notice.

  • As soon as practicable following receipt of a Class A Redemption by Holder Notice and the certificate(s) representing the Class A Preference Shares to be redeemed, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Class A Preference Shares to be redeemed the Class A Redemption Price for each Class A Preference Share (less any tax required to be withheld by the Corporation).

  • If the amount available for such distribution is insufficient to pay the Class A Redemption Price on all outstanding Class A Special Shares, the assets available for distribution shall be distributed among the holders of the Class A Special Shares pro rata in accordance with the total number of Class A Special Shares held by such holders.

  • If, on the applicable Class A Redemption Date, the certificates evidencing any Class A Stock so called for redemption shall not have been surrendered for redemption, all rights with respect to such shares, including all voting rights, shall nonetheless terminate on the Class A Redemption Date, except for the right of the holders to receive the Class A Redemption Price without interest as provided in the foregoing sentence.

  • The Class A Redemption Notice shall set out the Class A Redemption Price and the time and date on which redemption is to take place and, if only part of the shares held by the shareholder to whom it is addressed is to be redeemed, the number thereof so to be redeemed.

  • In consideration for the Class A Stock, at the Redemption Closing the Company shall pay to the Class A Shareholders the aggregate redemption price shown on the Sources and Uses Schedule (the "Class A Redemption Price").

  • Buyer's obligation to indemnify and hold harmless a Class A Shareholder pursuant to SECTION 2.3 and SECTION 2.4 hereof shall in no event exceed such Class A Shareholder's proportionate share of the Class A Redemption Price as set forth on Exhibit B.

  • At the Redemption Closing, the Company agrees to immediately apply so much of the proceeds of the San Diego Transaction, the Warrant Purchase Transaction and the Financing Transaction as is necessary to fund the payment of the Warrant Redemption Price to the Warrant Sellers and the payment of the Class A Redemption Price to the Class A Shareholders, to pay in full the Conseco Debt, the Chase Debt and the Barc▇▇▇'▇ ▇▇▇t, and to terminate and payoff the Rate Protection Agreement.

  • The Class A Special Shares to be redeemed on any Redemption Date pursuant to paragraphs 5(a) or 5(b) above shall be redeemed by paying for each share in cash an amount equal to $0.375 plus all accrued but unpaid dividends thereon up to and including the date the redemption price is received by the holder (the "Class A Redemption Price").


More Definitions of Class A Redemption Price

Class A Redemption Price has the meaning ascribed to it in SECTION 2.2 of the Stock Agreement.
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Class A Redemption Price. Section 6.10(a)
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Class A Redemption Price shall have the meaning specified in subsection 2.4(a)(i).
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Class A Redemption Price. ’ means the fair market value of any consideration for which the Class A Shares were issued plus any declared and unpaid dividends on such shares at the date of redemption or retraction.
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Class A Redemption Price means, with respect to any Class A Unit as of the date such Class A Unit is redeemed pursuant to Section 9.5(a) or 9.5(b), the sum of (A) the Class A Unpaid Yield on such Class A Unit plus (B) the Class A Unreturned Capital in respect of such Class A Unit.
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Class A Redemption Price. The Redemption Price for the Class A Notes as specified under the definition of "Redemption Price."
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Related to Class A Redemption Price