Common use of No Mandatory Redemption Clause in Contracts

No Mandatory Redemption. For the avoidance of doubt and notwithstanding anything to the contrary herein, any redemption of Shares or other securities by the Company referenced herein shall not be mandatory and shall be made only at the Company’s sole and exclusive option, unless and then only to the extent specifically agreed to by the Company (at its sole and exclusive option) in writing in response to a redemption request made under this Agreement.

Appears in 3 contracts

Samples: Stockholders' Agreement (Bonds.com Group, Inc.), Stockholders Agreement (Bonds.com Group, Inc.), Stockholders' Agreement (Bonds.com Group, Inc.)

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No Mandatory Redemption. For the avoidance of doubt and notwithstanding anything to the contrary herein, any redemption of Shares or other securities by the Company referenced herein shall not be mandatory and shall be made only at the Company’s sole and exclusive option, unless and then only to the extent specifically agreed to by the Company (at its sole and exclusive option) in writing in response to a redemption request made under this Agreement.

Appears in 2 contracts

Samples: Series B Stockholders’ Agreement (Bonds.com Group, Inc.), Shareholder Agreements (Bonds.com Group, Inc.)

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