No Redemption Right Clause Samples
The No Redemption Right clause establishes that holders of certain securities or interests do not have the option to require the issuer to repurchase or redeem their holdings before a specified maturity or liquidation event. In practice, this means that investors cannot demand their money back or force the company to buy back their shares or units at will; their investment remains illiquid until a predetermined event, such as a sale of the company or dissolution, occurs. This clause is primarily used to provide the issuer with financial stability and predictability by preventing unexpected outflows of capital, thereby protecting the company from liquidity risks associated with mandatory redemptions.
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No Redemption Right. No share of Series A-1 Preferred Stock or share of Common Stock issued upon conversion of the Series A-1 Preferred Stock shall have any rights of preemption whatsoever as to any securities of the Corporation, or any warrants, rights or options issued or granted with respect thereto, regardless of how such securities, or such warrants, rights or options, may be designated, issued or granted. The Series A-1 Preferred Stock are not redeemable.
No Redemption Right. The Company does not have the right to redeem the Notes at its election.
No Redemption Right. No Limited Partner (other than the General Partner) shall have the right to require the Partnership to redeem all or a portion of the Limited Partnership Units held by such Limited Partner.
No Redemption Right. 41 Section 8.7
No Redemption Right. 26 ARTICLE 9 BOOKS, RECORDS, ACCOUNTING AND REPORTS..................................... 26
No Redemption Right. The Class A Units shall not be redeemable either at the election of the Holder or the Partnership, except that the Partnership may retire the Class A Units following their reacquisition pursuant to Section 4(a) of the Agreement.
No Redemption Right. The Price Adjustment Rights shall not be redeemable by the Company or any holder of any Price Adjustment Rights.
No Redemption Right. The Subscriber acknowledges that he/she understands and agrees that the Securities subscribed for herein will have no redemption rights in case of liquidation or winding up of the Company. Unless the Securities are converted into the Common Shares, if any, the Subscriber will receive no distribution of the Company’s assets.