Exchange and Redemption. (A) At the Option of the Series B Unitholder. The Series B Preferred Units owned by any Series B Unitholder shall be exchangeable, in whole or in part (together with the cancellation of a corresponding number of ENLC Class C Common Units in accordance with the ENLC Operating Agreement), at any time and from time to time upon the request of the Series B Unitholder, for either, at the sole and absolute discretion of the Partnership, (i) a number of ENLC Common Units determined by multiplying the number of Series B Preferred Units that are the subject of the exchange by the Series B Exchange Ratio (the “Series B Unit Exchange Amount”) or (ii) an amount of cash equal to the Series B Redemption Amount.
Exchange and Redemption. On the terms and subject to the conditions set forth herein, on (a) the later to occur of (i) October 30, 2015 and (ii) the third Business Day following the date on which the last to be satisfied or waived of the conditions set forth in Article VI (other than those conditions that by their nature are to be satisfied at Closing, but subject to the fulfillment or waiver of those conditions) shall be satisfied or waived in accordance with this Agreement, or (b) at such other time and place as the Parties may agree, the Parties will consummate the Transactions (the “Closing”) by making the deliveries or taking the actions set forth in Section 2.2 and Section 2.3.
Exchange and Redemption. The Rights cannot be exercised until the Distribution Date and will expire at the Close of Business on February 29, 2018 unless earlier redeemed or exchanged by the Company as described below. At any time after an individual or group becomes an Acquiring Person and before the Acquiring Person, alone or with its Affiliates and Associates, obtains 50% or more of the outstanding Common Stock of the Company, the board of directors may exchange the Rights (other than Rights owned by the Acquiring Person), in whole or in part, at an exchange ratio (subject to adjustment) equal to that number obtained by dividing the Purchase Price by the then Current Per Share Market Price per Unit of Preferred Stock on the earlier of (i) the date on which any Person becomes an Acquiring Person and (ii) the date on which a tender or exchange offer has been made by any Person (subject to the exceptions provided for in the Rights Agreement). At any time until 10 days following the Stock Acquisition Date, the board of directors may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (payable in cash, Common Stock or other consideration deemed appropriate by the board). The Rights will terminate immediately upon an action of the board ordering redemption of the Rights, and the only right remaining available to the holder will be to receive the $0.001 redemption price.
Exchange and Redemption. (a) REQUIREMENTS FOR EXCHANGE OR REDEMPTION OF SHARES The Sub-Administrator shall, as agent for the Funds, process all oral or written instructions from Participants or Plans to exchange or redeem Shares in accordance with the exchange or repurchase procedures set forth in each Fund's then current prospectus and statement of additional information. The Sub-Administrator shall transfer or redeem Shares upon receipt of oral or written instructions or otherwise pursuant to the Funds' then current prospectuses and statements of additional information. Any cash redemption limitations applicable to the Funds shall apply at the Account level and not at the Plan or Participant level.
Exchange and Redemption. Shares of each class of Common Stock are sub- ject to exchange or redemption, as the case may be, upon the terms provided below with respect to each such class; provided that no such class may be exchanged or redeemed in its entirety if all of the other classes have been, or are at the time being, exchanged or redeemed in their entirety: (a)
Exchange and Redemption
