Common use of Redemption and Other Terms Clause in Contracts

Redemption and Other Terms. (a) In the event of any redemption by the Trust of all or any portion of the Series B Preferred Shares pursuant to the Articles Supplementary, an equal portion of the Series B Preferred Interest shall be redeemed on the same basis as such Series B Preferred Shares and permanently retired and cancelled for all purposes.

Appears in 2 contracts

Samples: Glimcher Realty Trust, Glimcher Realty Trust

AutoNDA by SimpleDocs

Redemption and Other Terms. (a) In the event of any redemption by the Trust of all or any portion of the Series B H Preferred Shares pursuant to the Articles Supplementary, an equal portion of the Series B H Preferred Interest shall be redeemed on the same basis as such Series B H Preferred Shares and permanently retired and cancelled for all purposes.

Appears in 1 contract

Samples: Limited Partnership Agreement (Glimcher Realty Trust)

AutoNDA by SimpleDocs

Redemption and Other Terms. (a) In the event of any redemption by the Trust of all or any portion of the Series B I Preferred Shares pursuant to the Articles Supplementary, an equal portion of the Series B I Preferred Interest shall be redeemed on the same basis as such Series B I Preferred Shares and permanently retired and cancelled for all purposes.

Appears in 1 contract

Samples: Limited Partnership Agreement (Glimcher Realty Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.