Common use of No Redemption; No Sinking Fund Clause in Contracts

No Redemption; No Sinking Fund. (a) The shares of Series A Junior Participating Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series A Junior Participating Preferred Stock; provided, however, that, subject to Section 3(a)(iv), the Company may purchase or otherwise acquire outstanding shares of Series A Junior Participating Preferred Stock in the open market or by offer to any holder or holders of shares of Series A Junior Participating Preferred Stock. (b) The shares of Series A Junior Participating Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 3 contracts

Samples: Section 382 Rights Agreement (Zoom Telephonics, Inc.), Rights Agreement (Zoom Telephonics, Inc.), Rights Agreement (Ariad Pharmaceuticals Inc)

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No Redemption; No Sinking Fund. (a) The shares of Series A Junior Participating Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series A Junior Participating Preferred Stock; provided, however, that, subject to Section 3(a)(iv), that the Company Corporation may purchase or otherwise acquire outstanding shares of Series A Junior Participating Preferred Stock in the open market or by offer to any holder or holders of shares of Series A Junior Participating Preferred Stock. (b) The shares of Series A Junior Participating Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 2 contracts

Samples: Stockholder Rights Agreement (PJT Partners Inc.), Stockholder Rights Agreement (PJT Partners Inc.)

No Redemption; No Sinking Fund. (a) The shares of Series A Junior Participating Preferred Stock Shares shall not be subject to redemption by the Company Corporation or at the option of any holder of Series A Junior Participating Preferred StockShares; provided, however, that, subject to Section 3(a)(iv), that the Company Corporation may purchase or otherwise acquire outstanding shares of Series A Junior Participating Preferred Stock Shares in the open market or by offer to any holder or holders of shares of Series A Junior Participating Preferred StockShares. (b) The shares of Series A Junior Participating Preferred Stock Shares shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 2 contracts

Samples: Rights Agreement (Recoton Corp), Rights Agreement (Recoton Corp)

No Redemption; No Sinking Fund. (a) The shares of Series A Junior Participating Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series A Junior Participating Preferred Stock; provided, however, that, subject to Section 3(a)(iv), that the Company Corporation may purchase or otherwise acquire outstanding shares of Series A Junior Participating Preferred Stock in the open market or by offer to any holder or holders of shares of Series A Junior Participating Preferred Stock. (b) The shares of Series A Junior Participating Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 2 contracts

Samples: Rights Agreement (American Precision Industries Inc), Rights Agreement (Columbus McKinnon Corp)

No Redemption; No Sinking Fund. (a) The shares of Series A C Junior Participating Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series A C Junior Participating Preferred Stock; provided, however, that, subject to Section 3(a)(iv4(a)(iv), the Company may purchase or otherwise acquire outstanding shares of Series A C Junior Participating Preferred Stock in the open market or by offer to any holder or holders of shares of Series A C Junior Participating Preferred Stock. (b) The shares of Series A C Junior Participating Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 2 contracts

Samples: Section 382 Rights Agreement (Vringo Inc), Section 382 Rights Agreement (Vringo Inc)

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No Redemption; No Sinking Fund. (a) The shares of Series A Junior Participating Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series A Junior Participating Preferred Stock; providedPROVIDED, howeverHOWEVER, that, subject to Section 3(a)(iv), that the Company Corporation may purchase or otherwise acquire outstanding shares of Series A Junior Participating Preferred Stock in the open market or by offer to any holder or holders of shares of Series A Junior Participating Preferred Stock. (b) The shares of Series A Junior Participating Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 1 contract

Samples: Rights Agreement (Columbus McKinnon Corp)

No Redemption; No Sinking Fund. (a) The shares of Series A B Junior Participating Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series A B Junior Participating Preferred Stock; provided, however, that, subject to Section 3(a)(iv4(a)(iv), the Company Corporation may purchase or otherwise acquire outstanding shares of Series A B Junior Participating Preferred Stock in the open market or by offer to any holder or holders of shares of Series A B Junior Participating Preferred Stock. (b) The shares of Series A B Junior Participating Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.

Appears in 1 contract

Samples: Section 382 Rights Agreement (BioFuel Energy Corp.)

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