Common use of Effectiveness of Redemption Clause in Contracts

Effectiveness of Redemption. If notice of redemption of any Series C Preference Shares has been duly given and if on or before the Redemption Date specified in the notice all funds necessary for such redemption have been set aside by the Company, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the Series C Preference Shares called for redemption, so as to be and continue to be available therefor, then, notwithstanding that Series C Preference Shares so called for redemption have not been surrendered for cancellation or transferred via book-entry, on and after the Redemption Date, no further dividends shall be declared on all Series C Preference Shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Series C Preference shall forthwith on such Redemption Date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption of any Series C Preference Shares has been duly given and if on or before the Redemption Date redemption date specified in the notice all funds necessary for such the redemption have been set aside by the Company, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the Series C B Preference Shares called for redemption, so as to be and continue to be available therefor, then, notwithstanding that Series C Preference Shares any certificate for any share so called for redemption have has not been surrendered for cancellation or transferred via book-entry, on and after the Redemption Dateredemption date, no further dividends shall will be declared on all Series C Preference Shares shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Series C Preference shares shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption of any Series C A Preference Shares has been duly given and if on or before the Redemption Date specified in the notice all funds necessary for such redemption have been set aside by the Company, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the Series C A Preference Shares called for redemption, so as to be and continue to be available therefor, then, notwithstanding that Series C A Preference Shares so called for redemption have not been surrendered for cancellation or transferred via book-entry, on and after the Redemption Date, no further dividends shall be declared on all Series C A Preference Shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Series C A Preference shall forthwith on such Redemption Date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption of any Series C B Preference Shares has been duly given and if on or before the Redemption Date specified in the notice all funds necessary for such redemption have been set aside by the Company, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the Series C B Preference Shares called for redemption, so as to be and continue to be available therefor, then, notwithstanding that Series C B Preference Shares so called for redemption have not been surrendered for cancellation or transferred via book-entry, on and after the Redemption Date, no further dividends shall be declared on all Series C B Preference Shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Series C B Preference shall forthwith on such Redemption Date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption, without interest.

Effectiveness of Redemption. If notice of redemption of any Series C Preference Shares has been duly given and if on or before the Redemption Date redemption date specified in the notice all funds necessary for such the redemption have been set aside by the Company, separate and apart from its other funds, in trust for the pro rata benefit of the holders of the Series C A Preference Shares called for redemption, so as to be and continue to be available therefor, then, notwithstanding that Series C Preference Shares any certificate for any share so called for redemption have has not been surrendered for cancellation or transferred via book-entry, on and after the Redemption Dateredemption date, no further dividends shall will be declared on all Series C Preference Shares shares so called for redemption, all shares so called for redemption shall no longer be deemed outstanding and all rights with respect to such Series C Preference shares shall forthwith on such Redemption Date redemption date cease and terminate, except only the right of the holders thereof to receive the amount payable on such redemption, without interest.