Redemption at Option of the Corporation. The Corporation is not entitled to redeem the Class A Preferred Stock.
Redemption at Option of the Corporation. (a) So long as shares of Common Stock shall have traded on the Primary Exchange (defined below) (i) for at least forty (40) of the forty-five (45) trading days (each of which trading days shall be after the third anniversary of the Original Issue Date (the "Third Anniversary")) immediately preceding the Determination Date (defined below), and (ii) on each of the ten (10) consecutive trading days immediately prior to the Determination Date (defined below), at a Closing Price (as hereinafter defined) in excess of the Hurdle Percentage (defined below) of the conversion price then in effect for the Series B Cumulative Convertible Preferred Stock for each such trading day, all, but not less than all, of Series B Cumulative Convertible Preferred Stock may thereafter be redeemed at the election of the Board of Directors made on any date (the "Determination Date") on or after the Third Anniversary, for the Redemption Price (defined below in Section 7(b)), plus an amount in cash equal to accrued and unpaid dividends thereon, whether or not authorized or declared, to but excluding the date fixed for redemption. For purposes of the determination of the Board called for in the
Redemption at Option of the Corporation. Convertible PIK Preferred Stock may not be redeemed by the Corporation prior to September 30, 2000. Subject to the foregoing, Convertible PIK Preferred Stock may be redeemed by the Corporation, at its option on any date set by the Board of Directors, in whole or in part at any time, subject to the limitations, if any, imposed by applicable law, for an amount in cash equal to the following redemption prices per share if redeemed during the 12-month period beginning on September 30 of any year indicated below: Year Redemption Price ---- Per Share --------- 2000...........................................$ 26.50 2001...........................................$ 26.00 2002...........................................$ 25.50 2003 and thereafter............................$ 25.00 55 plus, in each case, an amount in cash equal to all per share dividends on the Convertible PIK Preferred Stock accrued and unpaid thereon, whether or not declared, through the date prior to the date fixed for redemption, such sum being hereinafter referred to as the "Redemption Price." No redemption date shall be the same as a dividend record date fixed under Section III. If a redemption date established by the Board of Directors is after a dividend record date then or theretofore fixed under Section III, it shall be at least six business days after such dividend record date. Nothing contained herein shall limit the Board of Directors' discretion to establish a redemption date that is prior to a dividend record date then or theretofore fixed, without regard to the effect of such redemption date on the dividend rights of holders of Convertible PIK Preferred Stock who elect to convert under Section VI prior to the redemption date. In the case of the redemption of less than all of the then outstanding Convertible PIK Preferred Stock, the Corporation shall designate by lot, or in such other manner as the Board of Directors may determine to be fair, the shares to be redeemed, or shall affect such redemption pro rata. Notwithstanding the foregoing, the Corporation shall not redeem less than all of the Convertible PIK Preferred Stock at any time outstanding until all dividends accrued and in arrears upon all Convertible PIK Preferred Stock then outstanding shall have been paid in full for all past dividend periods. Not more than ninety nor less than thirty days prior to the date fixed for redemption by the Board of Directors, notice thereof by first class mail, postage prepaid, shall be given to...
Redemption at Option of the Corporation. The Corporation may, at its option, redeem, in whole at any time all shares of Preferred Stock at the time outstanding, by delivery of written notice to each Holder (the “Corporation Redemption Notice”) at least thirty (30) days prior to the proposed date of redemption (the “Corporation Redemption Date”) set forth in the Corporation Redemption Notice, at a redemption price to paid in cash for each share of Preferred Stock redeemed equal to the then applicable Redemption Value.
Redemption at Option of the Corporation. The Corporation may, at its option at any time after the valid termination of the Framework Agreement, redeem in whole all shares of Preferred Stock at the time outstanding, by delivery of written notice to each Holder (the “Corporation Redemption Notice”) at least ten (10) Business Days prior to the proposed date of redemption (the “Corporation Redemption Date”) set forth in the Corporation Redemption Notice, at a redemption price to paid in cash for each share of Preferred Stock to be redeemed equal to the then applicable Liquidation Preference. Notwithstanding the foregoing, and for the avoidance of doubt, in the event the Corporation delivers a Corporation Redemption Notice, the Holders may still exercise their conversion rights pursuant to Section 8 by delivering a Conversion Notice to the Corporation at least five (5) days prior to the Corporation Redemption Date, and, if a Conversion Notice is so delivered, then, with respect to the shares of Preferred Stock to be converted pursuant to such Conversion Notice, the Corporation Redemption Notice shall be null and void ab initio and of no force or effect; any Conversion Notice delivered less than five (5) days prior to the Corporation Redemption Date shall be of no force or effect.
Redemption at Option of the Corporation. The Series C Preferred Stock shall not be redeemable at the option of the Corporation.
Redemption at Option of the Corporation. The Corporation shall have the right to redeem shares of Series E Preferred Stock pursuant to the following provisions:
Redemption at Option of the Corporation. At any time prior to the Maturity Date, at its sole option, the Corporation may redeem any or all shares of Series A-X Preferred Stock at a cash redemption price per share equal to the Redemption Price if (i) a shelf registration statement covering resales of the Common Stock issuable upon conversion of Series A-X Preferred Stock is effective and available for use in accordance with Section 8.1 of the Purchase Agreement and is expected to remain effective and available for use for the thirty (30) days following the date of the notice provided by the Corporation pursuant to Section 5(c), unless registration is no longer required pursuant to the terms and conditions of the Purchase Agreement and (ii) the Common Stock issuable upon conversion of the Series A-X Preferred Stock is listed or admitted for trading on an Approved Market and is expected to remain so listed or admitted for trading for the thirty (30) days following the date of the notice provided by the Corporation pursuant to Section 5(c). Except as set forth in this Section 5(b), the Corporation shall not have the option to redeem any shares of Series A-X Preferred Stock. If fewer than all of the outstanding shares of Series A-X Preferred Stock are to be redeemed pursuant to this Section 5(b), the shares of each holder of Series A-X Preferred Stock shall be redeemed on a pro rata basis (according to the number of shares of Series A-X Preferred Stock held by each holder, with any fractional shares rounded to the nearest whole share or in such other manner as the Board of Directors may determine, as may be prescribed by resolution of the Board of Directors).
Redemption at Option of the Corporation. Any time after the first anniversary of the Issue Date, the Corporation shall have the right, exercisable at any time and from time to time, to redeem the whole or any part of the outstanding Series A Shares from any one or more of the holders thereof as the Board may in its sole discretion determine on payment of an amount for each Series A Share to be redeemed equal to the Issue Price, plus all declared and unpaid dividends thereon (the whole being referred to as the “Redemption Amount”) on the following conditions:
Redemption at Option of the Corporation. (a) Subject to Section 6(b), the Corporation may not redeem the Convertible Preferred Stock prior to July 26, 2003. The Corporation, at its option, may, on or after July 26, 2003, redeem at any time all, or from time to time any portion, of the Convertible Preferred Stock on any date set by the Board of Directors, at $1,000 per share, plus an amount per share in cash equal to all dividends on the Convertible Preferred Stock accumulated and unpaid on such share, whether or not declared, to the date fixed for redemption (such sum being hereinafter referred to as the "Redemption Price"). ----------------
