Common use of Payment of Redemption Price Clause in Contracts

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's Series A Preferred Stock certificates. Upon receipt of such Holder's Series A Preferred Stock certificates, the Corporation will pay the Redemption Price to such Holder in cash.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.), Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

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Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A Preferred Stock certificates. Upon receipt of such Holder's ’s Series A Preferred Stock certificates, the Corporation will pay the Corporation Redemption Price or Early Redemption Price, as applicable, to such Holder in cash.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Digital Development Group Corp), Stock Purchase Agreement (Cereplast Inc)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such the Holder will promptly submit to the Corporation such Holder's ’s Series A Preferred Stock certificates. Upon receipt of such Holder's ’s Series A Preferred Stock certificates, the Corporation will pay the applicable Corporation Redemption Price or Early Redemption Price to such the Holder in cash.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Uluru Inc.), Preferred Stock Purchase Agreement (Uluru Inc.)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of CorporationCorporation by any Holder, such Holder will shall promptly submit to the Corporation such Holder's ’s Series A F Preferred Stock certificates. Upon receipt of such Holder's ’s Series A F Preferred Stock certificates, the Corporation will shall pay the Corporation Redemption Price in cash to such Holder in cashHolder.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A E Preferred Stock certificates. Upon receipt of such Holder's ’s Series A E Preferred Stock certificates, the Corporation will pay the Corporation Redemption Price or Early Redemption Price, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pressure Biosciences Inc)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A B Preferred Stock certificates. Upon receipt of such Holder's ’s Series A B Preferred Stock certificates, the Corporation will pay the Early Redemption Price or Series B Liquidation Value, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of CorporationCorporation by any Holder, such Holder will shall promptly submit to the Corporation such Holder's ’s Series A E Preferred Stock certificates. Upon receipt of such Holder's ’s Series A E Preferred Stock certificates, the Corporation will shall pay the Corporation Redemption Price in cash to such Holder in cashHolder.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will shall promptly submit to the Corporation such Holder's ’s Series A B Preferred Stock certificates. Upon receipt of such Holder's ’s Series A B Preferred Stock certificates, the Corporation will shall pay the Corporation Redemption Price Price, at the Corporation’s option either (A) in cash to such Holder in cashHolder, or (B) by offsetting payments under a secured promissory note (if any) due to the Corporation by such Holder.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Drinks Americas Holdings, LTD)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of CorporationRedemption, such Holder will promptly submit to the Corporation such Holder's ’s Series A I Preferred Stock certificates. Upon receipt of such Holder's ’s Series A I Preferred Stock certificates, the Corporation will pay the Redemption Price to such Holder in cash.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's Series A 8 Preferred Stock certificates. Upon receipt of such Holder's Series A B Preferred Stock certificates, the Corporation will pay the Corporation Redemption Price or Early Redemption Price, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Stock Purchase Agreement (East Coast Diversified Corp)

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Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will shall promptly submit to the Corporation such Holder's ’s Series A B Preferred Stock certificates. Upon receipt of such Holder's ’s Series A B Preferred Stock certificates, the Corporation will shall pay the Corporation Redemption Price in cash to such Holder in cashHolder.

Appears in 1 contract

Samples: Stock Loan Agreement (Sparta Commercial Services, Inc.)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A B Preferred Stock certificates. Upon receipt of such Holder's ’s Series A B Preferred Stock certificates, the Corporation will pay the Corporation Redemption Price or Early Redemption Price, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Stock Purchase Agreement (VelaTel Global Communications, Inc.)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A H Preferred Stock certificates. Upon receipt of such Holder's ’s Series A H Preferred Stock certificates, the Corporation will pay the Corporation Redemption Price or Early Redemption Price, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A Preferred Stock Preference Shares certificates. Upon receipt of such Holder's ’s Series A Preferred Stock Preference Shares certificates, the Corporation will pay the Early Redemption Price or Series A Liquidation Value, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Share Subscription Agreement (NewLead Holdings Ltd.)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's Series A Preferred Stock ’s Debenture certificates. Upon receipt of such Holder's Series A Preferred Stock ’s Debenture certificates, the Corporation will pay the Corporation Redemption Price or Early Redemption Price, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Securities Purchase Agreement (Digital Development Group Corp)

Payment of Redemption Price. Upon receipt by any Holder of a Notice of Redemption at Option of Corporation, such Holder will promptly submit to the Corporation such Holder's ’s Series A C Preferred Stock certificates. Upon receipt of such Holder's ’s Series A C Preferred Stock certificates, the Corporation will pay the Early Redemption Price or Liquidation Value, as applicable, to such Holder in cash.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

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