Redemption at Option of Company. On and after the 6th month anniversary of the Effective Date, the Company may redeem all or any portion of this Warrant which has not been previously exercised and for which no Form of Election to Purchase shall been received by delivery to the Holder of a notice of such redemption, together with the redemption price equal to $.05 per Warrant Share to be redeemed, payable by the third Trading Day following the delivery of such notice by the Company; provided that the redemption price shall be adjusted to reflect any adjustment in the number of Warrant Shares issuable hereunder, so that the maximum aggregate redemption price shall continue to be $100,000. Interest shall accrue on the unpaid portion of such redemption price at the rate of 10% per annum beginning on such third Trading Day.
Redemption at Option of Company. No Class C Units shall be redeemable at the option of the Company except as expressly set forth in Section 16.5(c).
(i) From time to time on or after the earlier to occur of (1) the eleventh (11th) Business Day after a Funding Failure Final Determination, and (2) the fifth (5th) anniversary of the Original Issue Date (or, in the case of Class C Deferred Distribution Units, the seventh (7th) anniversary), the Company may, at its option, redeem any or all of the Class C Units then owned by the Holders, in cash for an amount equal to the Liquidation Preference of such Class C Units. The Company shall submit an irrevocable written notice of redemption (a “Company Redemption Notice”) to Class C Unit Holders at least thirty (30) Business Days but no more than ninety (90) days prior to the Redemption Date set forth therein. For the avoidance of doubt, the Redemption Date with respect to any such redemption by the Company may be the date that is the fifth (5th) anniversary of the Original Issue Date (or, in the case of Class C Deferred Distribution Units, the seventh (7th) anniversary).
(ii) In addition to an applicable Redemption Date, any Company Redemption Notice shall also set forth the number of Class C Units to be redeemed and a calculation of the amount in cash to be paid with respect to such redemption (which calculation shall be satisfactory to the Class C Unit Holders), including amounts due and payable with respect to indemnity and Reimbursable Amounts, and the Company shall, on such Redemption Date, make payment in full of the aggregate amount set forth in such Company Redemption Notice.
(iii) If, no more than three (3) Business Days following receipt of a Company Redemption Notice, a Holder of Class C Units subject to such Company Redemption Notice submits a Holder Conversion Notice with respect to such Class C Units, such Class C Units shall be converted into OP Units in accordance with Section 16.4 on a Conversion Date that shall be deemed to be the Business Day immediately prior to the Redemption Date set forth in the Company Redemption Notice. Such Holder Conversion Notice shall also be deemed to be a Notice of Redemption delivered pursuant to Section 8.6 to exercise such Holder’s OP Redemption Right with respect to the OP Units issuable upon conversion of such Class C Units, and the Specified Redemption Date included in such Notice of Redemption shall be deemed to be the same date as the applicable Conversion Date but at a time on such date that...
Redemption at Option of Company. This Warrant is subject to redemption, at the option of the Company upon thirty days advance notice by the Company to the Holder, for $0.01 per Warrant Share, if: (i) the Common Stock is trading on the NASD Over-the-Counter Bulletin Board; (ii) the Warrant Shares have been registered for sale under the Securities Act of 1933, as amended, or are otherwise available for resale under a Rule 144 exemption; and (iii) the average closing price of the Common Stock during the thirty days prior to the giving of notice to the Holder equals or exceeds $0.30 per share. The Holder shall have the right to exercise this Warrant, in whole or in part, following receipt of such notice of redemption and prior to the date fixed for redemption of this Warrant.
Redemption at Option of Company. The Holder hereby consents to the redemption in full (but not in part) of the Holder's Debentures in cash as provided below in this Section 4. The Company shall provide the Holder with at least 5 Trading Days' prior written notice (the "Notice of Redemption") of the date that payment of the applicable Redemption Price (as defined herein) in full is to be made, which date of payment must occur on or before June 30, 2007 (the "Redemption Date"). The redemption price (the "Redemption Price") shall equal the sum of (a) 100% of the principal amount of the Holder's Debentures outstanding on the Redemption Date (including the Additional Debentures issued to the Holder pursuant to Section 5(a) and the Deferred Payments subject to Section 6 below), (b) accrued but unpaid interest thereon through and including the Redemption Date and (c) all other fees and other amount due in respect of the Holder's Debentures and any Additional Debentures held by the Holder. Payment in full of the Redemption Price in cash must be made on the Redemption Date. Up until the date that such payment is made in full, the Holder shall have the right to convert the Holder's Debentures pursuant to the terms thereof. Failure to make payment of the applicable Redemption Price on the Redemption Date shall be deemed an Event of Default under the Holder's Debentures. If the Company elects to cause a redemption pursuant to this Section 4, then it must simultaneously take the same action with respect to the Debentures held by the Other Investors pursuant to Section 4 of the Other Agreements.
Redemption at Option of Company. Series 8-3/4% Notes are subject to redemption at the option of the Company as provided in Section 7.02 hereof.
Redemption at Option of Company. A total of 1,400,000 of the Warrant Shares underlying the Warrant (“Redemption Amount”), or any pro rata portion thereof, is subject to redemption, at the option of the Company at any time prior to the date one (1) year from the Closing Date hereof, for cash payment of $200,000. If the Company elects such redemption it may elect to redeem the entirety or any portion of such Redemption Amount and if it elects to pay a portion thereof the Redemption Amount it shall pay any such pro rata amount due thereon.
Redemption at Option of Company. The Collateral Trust Bonds of the 6 7/8% Series will not be redeemable prior to their maturity by the Company; provided, however, that such Bonds may be redeemed by the Company in whole at any time or in part from time to time, upon at least 30 days notice, at the redemption price equal to 100% of the principal amount thereof, plus accrued interest to the date of redemption, through application of cash received by the Trustee as a result of properties of the Company being taken by eminent domain or being sold to an entity possessing the power of eminent domain.
Redemption at Option of Company. The Bonds of Series are not redeemable up to and including . The Bonds of Series shall, in accordance with the provisions of Arti- cle V of the Original Indenture as amended, be redeemable, at any time or from time to time after and prior to maturity, at the option of the Com- pany, either as a whole or in part by lot, upon payment of the redemption prices applicable 22
Redemption at Option of Company. This Warrant is subject to redemption, at the option of the Company upon thirty days advance notice by the Company to the Holder, for $0.01 per Warrant Share, if: (i) the Warrant Shares have been registered for sale under the Securities Act of 1933, as amended, or are otherwise available for resale under a Rule 144 exemption; and (iii) the average closing price of the Common Stock during the ten consecutive trading days prior to the giving of notice to the Holder equals or exceeds $1.65 per share. The Holder shall have the right to exercise this Warrant, in whole or in part, following receipt of such notice of redemption and prior to the date fixed for redemption of this Warrant.
Redemption at Option of Company. The Company may, in its sole discretion, at any time while the Series I Preferred Stock is outstanding,
