Common use of Redemption at the Option of the Corporation Clause in Contracts

Redemption at the Option of the Corporation. To the extent the Corporation shall have funds legally available for such payment, the Corporation may, at its option, redeem shares of Senior Preferred Stock, at any time in whole but not in part, at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: Prior to August 1, Percentage of Liquidation Value --------- ------------------------------- 2003 115.000 2004 107.500 2005 105.000 2006 102.500 Thereafter 100.000

Appears in 2 contracts

Samples: Subscription Agreement (Donaldson Lufkin & Jenrette Inc /Ny/), Agreement and Plan of Merger (Donaldson Lufkin & Jenrette Inc /Ny/)

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Redemption at the Option of the Corporation. To the extent the Corporation shall have funds legally available for such payment, the Corporation may, at its option, redeem shares of Senior Preferred Stock, at any time in whole but not in part, at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: -------- ------------------------------- Prior to August 1, Percentage of Liquidation Value --------- ------------------------------- August 1, 2003 115.000 2004 107.500 2005 105.000 2006 102.500 -------- ------------------------------- Prior to Percentage of Liquidation Value August 1, Thereafter 100.000

Appears in 1 contract

Samples: Agreement and Plan of Merger (Insilco Corp/De/)

Redemption at the Option of the Corporation. To On and after [May 15], 2003, to the extent the Corporation shall have funds legally available for such payment, the Corporation may, at its option, redeem shares of Senior Preferred Stock, at any time in whole but not in part, at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: Prior to August 1, Percentage of Liquidation Value --------- TWELVE MONTHS BEGINNING [MAY 15,] PERCENTAGE OF LIQUIDATION VALUE ----------------------- ------------------------------- 2003 115.000 106.500% 2004 107.500 104.333 2005 105.000 102.167 2006 102.500 Thereafter 100.000

Appears in 1 contract

Samples: Agreement and Plan (Thermadyne Holdings Corp /De)

Redemption at the Option of the Corporation. To On and after May 15, 2003, to the extent the Corporation shall have funds legally available for such payment, the Corporation may, at its option, redeem shares of Senior Preferred Stock, at any time in whole but not in part, at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: Prior to August 1Twelve Months Beginning May 15, Percentage of Liquidation Value --------- ----------------------- ------------------------------- 2003 115.000 106.500% 2004 107.500 104.333 2005 105.000 102.167 2006 102.500 Thereafter 100.000

Appears in 1 contract

Samples: Agreement and Plan of Merger (Donaldson Lufkin & Jenrette Inc /Ny/)

Redemption at the Option of the Corporation. To On and after [May 15], 2003, to the extent the Corporation shall have funds legally available for such payment, the Corporation may, at its option, redeem shares of Senior Preferred Stock, at any time in whole but not in part, at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: Prior to August 1, Year Beginning [May 15] Percentage of Liquidation Value --------- ------------------------------- -------------- 2003 115.000 106.500% 2004 107.500 104.333 2005 105.000 102.167 2006 102.500 Thereafter 100.000

Appears in 1 contract

Samples: Subscription Agreement (Donaldson Lufkin & Jenrette Inc /Ny/)

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Redemption at the Option of the Corporation. To On and after May 15, 2003, to the extent the Corporation shall have funds legally available for such payment, the Corporation may, at its option, redeem shares of Senior Preferred Stock, at any time in whole but not in part, at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: Prior to August 1Twelve Months Beginning May 15, Percentage of Liquidation Value --------- ------ ------------------------------- 2003 115.000 106.500% 2004 107.500 104.333 2005 105.000 102.167 2006 102.500 Thereafter 100.000

Appears in 1 contract

Samples: Agreement and Plan of Merger (Thermadyne Holdings Corp /De)

Redemption at the Option of the Corporation. To the extent At any time, provided that the Corporation shall have has funds legally available for such payment, the Corporation may, at its option, redeem all but not less than all shares of Senior Preferred Stock, at any time in whole but not in part, Stock at redemption prices per share in cash set forth in the table below, together with accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest: Prior to August 1, Year Beginning Percentage of Liquidation Value --------- -------------- ------------------------------- 2003 115.000 2004 107.500 2005 105.000 2006 102.500 Thereafter 100.000November 26, 1999 114.0% November 26, 2000 115.0% and thereafter

Appears in 1 contract

Samples: Preferred Stock and Warrant (Manufacturers Services LTD)

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