Common use of Demand Redemption Clause in Contracts

Demand Redemption. In the event any default by the Company under the terms of this Agreement is continuing for more than 180 calendar days, Investor may at its sole option send written notice of a demand redemption to the Company. Upon receipt of the written notice from the Investor, the Company shall within 10 business days make a cash payment to Investor equal to the market value of Investor's then outstanding Repricing Rights and Common Stock as of the date that written notice is received by the Company. The cash payment to be made by the Company upon receipt of written notice of the demand redemption, shall be in addition to any remedies or liquidated damages to which the Investor is entitled up to the date written notice of the demand redemption is received by the Company.

Demand Redemption. In the event any default by the Company under the terms of this Agreement is continuing for more than 180 calendar days, Investor Buyer may at its sole option send written notice of a demand redemption to the Company. Upon receipt of the written notice from the InvestorBuyer, the Company shall within 10 business days make a cash payment to Investor Buyer equal to the market cash value of InvestorBuyer's then outstanding Repricing Rights and Common Stock Shares as of the date that written notice is received by the Company. The cash payment to be made by the Company upon receipt of written notice of the demand redemption, shall be in addition to any remedies or liquidated damages to which the Investor is entitled up to the date written notice of the demand redemption is received by the Company.

Demand Redemption. In the event any default by the Company under the terms of this Agreement is continuing for more than 180 calendar days, Investor Buyer may at its sole option send written notice of a demand redemption to the Company. Upon receipt of the written notice from the InvestorBuyer, the Company shall within 10 business days make a cash payment to Investor Buyer equal to the market cash value of InvestorBuyer's then outstanding Repricing Rights and Common Stock as of the date that written notice is received by the Company. The cash payment to be made by the Company upon receipt of written notice of the demand redemption, shall be in addition to any remedies or liquidated damages to which the Investor is entitled up to the date written notice of the demand redemption is received by the Company.

Demand Redemption. In the event any default by the Company under the terms of this Agreement is continuing for more than 180 calendar days, Investor may at its sole option send written notice of a demand redemption to the Company. Upon receipt of the written notice from the Investor, the Company shall within 10 business days make a cash payment to Investor equal to the intrinsic market value of Investor's then outstanding Repricing Rights and Common Stock as of the date that written notice is received by the Company. The cash payment to be made by the Company upon receipt of written notice of the demand redemption, shall be in addition to any remedies or liquidated damages to which the Investor is entitled up to the date written notice of the demand redemption is received by the Company.