Accelerated Redemption. At the option of each Holder, the Holder may require the Corporation to redeem all of the shares of Series A Preferred Stock held by the Holder at any time on or after June 15, 2023 (the “Accelerated Redemption Date”). In addition, the Corporation may elect to redeem all of the shares of Series A Preferred Stock at any time on or after the Accelerated Redemption Date (any such redemption at the election of a Holder or the Corporation, an “Accelerated Redemption”). Any Accelerated Redemption shall be for, at the option of each Holder being redeemed: (i) cash at the Corporation’s Mandatory Redemption Price, (ii) in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock as set forth in this Section 9(b), or (iii) a combination thereof (the dollar amount to be paid in shares of Common Stock). Shares of Common Stock used to pay the Accelerated Redemption payment will be valued at the lesser of (but in no event less than the Floor Price): (i) the prevailing Conversion Price, (ii) 90% of the arithmetic average of the three lowest daily VWAPs of the 20 Trading Days prior to the Accelerated Redemption Date or (iii) 90% of the VWAP of the trading day prior to the Accelerated Redemption Date. (c)
Accelerated Redemption. At the option of each Holder, the Holder may require the Corporation to redeem all of the shares of Series B Preferred Stock held by the Holder at any time on or after June 15, 2023 (the “Accelerated Redemption Date”) (any such redemption, an “Accelerated Redemption”). Any Accelerated Redemption shall be for, at the option of each Holder being redeemed: (i) cash at the Corporation’s Mandatory Redemption Price, (ii) in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock as set forth in this Section 9(b), or (iii) a combination thereof (the dollar amount to be paid in shares of Common Stock). Shares of Common Stock used to pay the Accelerated Redemption payment will be valued at the lesser of (but in no event less than the Floor Price): (i) the prevailing Conversion Price (ii) 90% of the arithmetic average of the three lowest daily VWAPs of the 20 Trading Days prior to the Accelerated Redemption Date or (iii) 90% of the VWAP of the trading day prior to the Accelerated Redemption Date. (c)
Accelerated Redemption. Notwithstanding anything to the contrary in the Statement of Preferences, but subject to Section 10(e) of the Statement of Preferences as if an Accelerated Redemption Notice (as defined below) were a Notice of Redemption under the Statement of Preferences, the TDI Purchaser shall have the right, at any time, at its option, to require the Fund to redeem the VMTP Shares, in whole but not in part, upon notice, by Electronic Means, to the Fund from the TDI Purchaser (an “Accelerated Redemption Notice”) setting forth the date for such redemption and the number of all Outstanding VMTP Shares held by the TDI Purchaser, which shall be a Business Day no earlier than 180 calendar days from the date of delivery of such Accelerated Redemption Notice (such date, the “Accelerated Redemption Date”). On the Accelerated Redemption Date, the Fund shall cause the VMTP Shares to be redeemed by payment to the TDI Purchaser, in immediately available funds, including by delivery of such funds to the TDI Purchaser through the Securities Depository, of a redemption price equal to the sum of (i) the aggregate Liquidation Preference of the VMTP Shares plus (ii) all accumulated but unpaid dividends thereon (whether or not declared) to, but not including, the Accelerated Redemption Date.
Accelerated Redemption. XXXXXXXX AGREES TO THE PROVISIONS OF SECTION 846.103, WIS. STATS., OR ANY SUCCESSOR PROVISION, PROVIDING FOR A REDUCED PERIOD OF REDEMPTION BETWEEN FORECLOSURE JUDGMENT AND SALE IF XXXXXX IN AN ACTION TO FORECLOSE THIS MORTGAGE WAIVES ALL RIGHT TO A JUDGMENT FOR DEFICIENCY AND CONSENTS TO BORROWER’S REMAINING IN POSSESSION OF THE PROPERTY.
