Preferred Stock Redemption. All of the issued and outstanding Frontier Preferred Stock as of the date hereof shall have been called for redemption by Frontier and Frontier shall have deposited in an escrow account funds sufficient to pay the holders of the Frontier Preferred Stock all amounts such holders are entitled to receive in connection with the redemption of the Frontier Preferred Stock.
Preferred Stock Redemption. Central Jersey shall use its best efforts to redeem all of the 11,300 outstanding shares of Central Jersey Preferred Shares issued by Central Jersey to the United States Department of the Treasury under the United States Department of the Treasury’s Troubled Assets Relief Program Capital Purchase Program (the “TARP Obligations”) and satisfy all obligations related thereto immediately before or contemporaneously with Closing. Accordingly, Central Jersey shall use its best efforts, in coordination with Kearny, to obtain all necessary approvals and non-objections of Regulatory Authorities and any counter party and third party consents necessary for the foregoing. Kearny shall advance the funds to Central Jersey for redemption of the Central Jersey Preferred Shares immediately before or contemporaneously with Closing to enable Central Jersey to effectuate the redemptions.
Preferred Stock Redemption. Section 14.3 of the Loan Agreement is deleted and replaced in its entirety as follows:
Preferred Stock Redemption. Parent shall have redeemed or repurchased all outstanding shares of preferred stock of Parent on terms acceptable to Seller.
Preferred Stock Redemption. On or prior to the Closing Date, the transactions contemplated by the Stock Redemption Agreement shall have been consummated on the terms set forth therein.
Preferred Stock Redemption. 34 5.13 Matters Relating to the Commitment Letters...................................................34
Preferred Stock Redemption. At the Effective Time, Company shall redeem all outstanding Company Preferred Stock in accordance with the terms and conditions set forth in the 10% Preferred Designation, except for shares of Company Preferred Stock that the Company otherwise has the right to purchase from the holder thereof pursuant to the terms of a stock purchase agreement, and shall retire and cancel all shares of Company Preferred Stock so redeemed or otherwise purchased.
Preferred Stock Redemption. DE2005 REIT shall redeem all of its issued and outstanding shares of Preferred Stock pursuant to the terms thereof. This condition may not be waived by any party.
Preferred Stock Redemption. At the Closing, there are no holders of the Company’s Class A Preferred Stock.
Preferred Stock Redemption. Promptly after the date of this agreement, but in any event not later than December 31, 2006, the Company shall use commercially reasonable efforts to redeem all outstanding shares, if any, of its 13-1/2% Redeemable Preferred Stock, par value $0.01 per share, pursuant to Article 5 of the Certificate of Designations of such stock.
