Redemption at Corporation's Option. At any time, and from time to time, the Company may, at its sole option, but shall not be obligated to, redeem this Warrant at a redemption price of one cent ($0.01) per Warrant Share covered by this Warrant (the "Redemption Price"). The Company may exercise its option to redeem the Warrant only if (a) the Warrant Shares are covered by a registration statement filed with the U. S. Securities and Exchange Commission which is effective as of the date the Redemption Notice (as defined below) and (b) the average closing bid quotation of the Company's Common Stock as reported on the National Association of Securities Dealers Automated Quotation system ("NASDAQ"), or the average closing price if listed on a national securities exchange for the ten (10) trading days immediately prior to the date of the Redemption Notice (as defined below) is more than $4.00.
Redemption at Corporation's Option. At any time after June 11, 2001, the Corporation may, at its option (subject to the other provisions of this Subsection E), redeem all, or any portion of the outstanding shares of Series B Preferred Stock.
Redemption at Corporation's Option. The Corporation may, at its option, at any time on or after July 1, 2003, redeem all the Debentures or some of them from time to time after issuance at the following redemption prices (expressed in percentages of principal amount of the Debentures) plus unpaid accrued interest to the redemption date. If redeemed during the 12-month period beginning July 1: Year Redemption Price Year Redemption Price ---- ---------------- ---- ---------------- 2003 105% 2006 102% 2004 104% 2007 101% 2005 103% Thereafter 100%
Redemption at Corporation's Option. At any time, and from time to time, during the period beginning July 16, 1999 and ending upon the termination of the Exercise Period, the Company may, at its sole option, but shall not be obligated to, redeem this Warrant at a redemption price of five cents ($.05) per Warrant Share covered by this Warrant (the "Redemption Price"). The Company may exercise its option to redeem this Warrant only if (a) the Warrant Shares are covered by a registration statement filed with the Commission which is effective as of the date of the Redemption Notice (as defined below) and remains effective through the Redemption Date (as defined below) and (b) the average closing bid quotation of the Company's Common Stock as reported on the National Association of Securities Dealers Automated Quotation system ("NASDAQ"), or the average closing price if listed on a national securities exchange, for the ten (10) trading days immediately prior to the date of the Redemption Notice (as defined below) is $3.75 or more.
Redemption at Corporation's Option. (a) The shares of the Series A Preferred Stock will be redeemable at the option of the Corporation by resolution of its Board of Directors, in whole or from time to time in part, at any time with respect to shares of Series A Preferred Stock that will always be Unvested Shares (as defined in Section 8(a)), subject to the limitations set forth below, at a redemption price of [$20.00] per share (as appropriately adjusted for stock dividends, reclassifications or splits), upon giving notice as provided below. It is the intent of this provision that redemption not be permitted with respect to shares of Series A Preferred Stock that may, in the future, vest in accordance with Section 8.
Redemption at Corporation's Option. The Corporation may, at its option, at any time on or after April 1, 2003, redeem all the Debentures or some of them from time to time at a Redemption Price equal to 100% of the principal amount thereof plus unpaid accrued interest to the Redemption Date. Notice of redemption at the Corporation's option will be mailed at least 30 days before the Redemption Date to each Holder of Debentures to be redeemed at his registered address as set forth in the register. Debentures in denominations larger than $1,000 may be redeemed in part but only in integral multiples of $1,000. On and after the Redemption Date (if there is no default in the payment of the Redemption Price by the Corporation), interest ceases to accrue on Debentures or portions thereof called for redemption. The Corporation shall have the right, at its option, to withdraw and rescind, in whole or in part, any such optional redemption by the Corporation and any such notice of redemption given in connection therewith up to five (5) days prior to the Redemption Date by written notice of such withdrawal to the Trustee and to the Debentureholders affected thereby.
Redemption at Corporation's Option. The corporation, at the option of the Board of Directors, may at any time redeem all or any part of the outstanding Preferred Stock by paying the redemption value for each share to be redeemed. In the case of a redemption of only a portion of the outstanding Preferred Stock, the corporation shall designate the shares to be redeemed. In the case of either a complete or partial redemption, at least 30 days prior written notice shall be given to the holders of record of the Preferred Stock to be redeemed, such notice to be addressed to each shareholder at the address appearing for that shareholder in the corporation's records or at the address given to the corporation by such shareholder for the purpose of notice. Such notice shall state the date fixed for redemption and the total value of shares to be redeemed and shall designate the place for surrender of such holder's certificate or certificates representing the shares to be redeemed. On or after the date fixed for redemption in such notice, the holder of each share of Preferred Stock called for redemption shall surrender the certificate evidencing such shares to the corporation at the place designated in such notice and shall thereupon be entitled to receive payment of the redemption value of the shares surrendered. If less than all the shares represented by any surrendered certificate are redeemed, a new certificate shall be issued representing the unredeemed shares.
Redemption at Corporation's Option. The Corporation may, at its option, at any time on or after September 1, 2002, redeem all the Debentures or some of them from time to time at the following Redemption Prices (expressed in percentages of principal amount of the Debentures) plus unpaid accrued interest to the Redemption Date. If redeemed during the 12month period beginning September 1: Year Percentage 2002 104% 2003 103 2004 102 2005 101 2006 until maturity 100 Notice of redemption at the Corporation's option will be mailed at least 30 days before the Redemption Date to each Holder of Debentures to be redeemed at his registered address as set forth in the register. Debentures in denominations larger than $1,000 may be redeemed in part but only in integral multiples of $1,000. On and after the Redemption Date (if there is no default in the payment of the Redemption Price by the Corporation), interest ceases to accrue on Debentures or portions thereof called for redemption.
Redemption at Corporation's Option. (a) The Corporation shall have the right (the "REDEMPTION RIGHT"), in its sole discretion, to redeem any outstanding shares of Series B Preferred Stock at any time after the fourth annual anniversary of the Original Issue Date. The redemption price (the "CORPORATION REDEMPTION PRICE") of each share of Series B Preferred Stock so redeemed shall be equal to the Series B Preference Amount plus an amount equal to a prorated dividend for the period from the date after the last Dividend Payment Date to the Corporate Redemption Date.
Redemption at Corporation's Option. At any time on or after February 23, 2004, the Corporation shall have the right to redeem on a Business Day set forth in such notice all (but not less than all) of the outstanding shares of Preferred Stock at a redemption price equal to the aggregate Preference Amount of the shares to be redeemed, upon written notice of the redemption to all holders of Preferred Stock given at least 30 days prior to the redemption date. The Corporation's exercise of its redemption rights under this Section 7.2 shall be subject to the conversion rights under Section 6 of each holder of Preferred Stock, who may exercise those rights at any time prior to the close of business on the redemption date.
