Redemption by Holder Sample Clauses
The 'Redemption by Holder' clause grants the security holder the right to require the issuer to repurchase or redeem the security before its scheduled maturity. Typically, this clause outlines the conditions under which the holder can exercise this right, such as specific dates, notice requirements, or triggering events, and may specify the price or formula for redemption. Its core practical function is to provide flexibility and protection to the holder, allowing them to exit the investment under certain circumstances, thereby managing risk or responding to changes in their financial needs.
Redemption by Holder. In the event (each of the events described in clauses (i)-(v) below after expiration of the applicable cure period (if any) being a "Redemption Event"):
i. A Change of Control of the Corporation shall have occurred;
ii. The Wright Family ceases to benefi▇▇▇▇▇▇ own (as determined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934) twenty percent (20%) or more of the outstanding Voting Stock of the Corporation, computed on a fully diluted basis based on the then generally accepted accounting principles;
iii. the Corporation shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed; or
iv. bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings for the relief of debtors shall be instituted by or against the Corporation and if instituted against the Corporation by a third party, shall not be dismissed within 120 days of their initiation; then, upon the occurrence of any such Redemption Event, each holder of shares of Series A Preferred Stock shall thereafter have the option, exercisable in whole or in part at any time and from time to time by delivery of a written notice to such effect (a "Redemption Notice") to the Corporation while such Redemption Event continues, to require the Corporation to purchase for cash any or all of the then outstanding shares of Series A Preferred Stock held by such holder for an amount per share equal to the Redemption Amount in effect at the time of the redemption hereunder. Upon the Corporation's receipt of any Redemption Notice hereunder (other than during the three trading day period following the Corporation's delivery of a Redemption Announcement to all of the holders in response to the Corporation's initial receipt of a Redemption Notice from a holder of Series A Preferred Stock), the Corporation shall within two business days following such receipt deliver a written notice (a "Redemption Announcement") to all holders of Series A Preferred Stock stating the date upon which the Corporation received such Redemption Notice and the amount of Series A Preferred Stock covered thereby. The Corporation shall not redeem any shares of Series A Preferred Stock during the three trading day period following the delivery of a required Redemption Announcement hereunder. At any time and from time to time du...
Redemption by Holder. The Holder shall have the right at his option to redeem this Daily Note, in whole or in part, on any Business Day. Holders shall also have the right to make partial redemptions; provided, however, that upon a partial redemption, a minimum outstanding principal amount of $50 must be maintained. The Issuer retains the absolute right to require the Holder at any time (including the time at which the Holder may otherwise request a full or partial redemption of this Daily Note), to give the Issuer no less than 30 days' prior written notice by first class mail of a redemption demanded by the Holder and which notice shall specify the principal amount of the Daily Note to be redeemed and the redemption date which shall be a Business Day.
Redemption by Holder. The Notes may be redeemed by the Holder with penalties and restrictions as set forth in the Notes.
Redemption by Holder. At any time after a Holder's timely receipt of a Notice of Redemption Right, but in no event later than five days prior to the Redemption Date, such Holder may require the Company to redeem, in whole or in part, an amount of the Securities held by such Holder in excess of such Holder's Minimum Redemption Amount by delivering a notice (the "NOTICE OF REDEMPTION") to the Paying Agent. The Notice of Redemption shall state:
(a) the certificate number (if such Security is held other than in global form) of the Security which the Holder will deliver to be redeemed;
(b) the portion of any Principal Amount of the Security in excess of such Holder's Minimum Redemption Amount which the Holder will deliver to be redeemed; and
(c) that such Security shall be redeemed as of the Redemption Date pursuant to the terms and conditions specified in the Securities and in this Indenture.
Redemption by Holder. At any time during the Redemption Period, Holder may elect to redeem this Warrant in its entirety and all Warrant Shares then remaining exercisable pursuant thereto by delivering notice of such election to the Company (the “Holder Election”). Within thirty (30) days of receipt of the Holder Election, the Company shall deliver payment to Holder in an amount equal to the Holder Redemption Amount. Upon delivery of the Holder Election and payment of the Company Redemption Amount, this Warrant, without the need for any further action on the part of any party, shall be and become void and of no value, and shall be terminated, removed from the Warrant Registry and
Redemption by Holder. The Holder shall have the right at its option to redeem this Security, in whole or in part, at any time. Holders shall also have the right to make partial redemptions in multiples of $2,500; provided, however, that a minimum outstanding principal amount of $50,000 (or such lesser minimum amount as may be established by the Issuer at the time of purchase) equal to the minimum purchase amount applicable at the time of purchase is maintained. The Issuer retains the absolute right to require the Holder to give the Issuer no less than 30 days' prior written notice by U.S. registered mail of a redemption demanded by the Holder and which notice shall specify the principal amount of the Security to be redeemed and the redemption date. Upon presentation of this security at a Place of Payment, the Issuer, or the Issuer's agent, will, for the Holder's convenience, record on the register attached hereto and made a part hereof any adjustments to the original principal amount of this Security, such as additional purchases or partial redemptions.
Redemption by Holder. 48 Section 11.04. Deposit of Redemption Price......................................... 48 Section 11.05. Securities Redeemed in Part......................................... 49 Section 11.06. Repurchase of Securities at Option of the Holder Upon Fundamental Change.................................................. 49 Section 11.07. Effect of Fundamental Change Repurchase Notice...................... 52 Section 11.08. Securities Repurchased in Whole or in Part.......................... 53 Section 11.09. Covenant to Comply With Securities Laws Upon Repurchase of Securities.......................................................... 53 Section 11.10. Deposit of Fundamental Change Repurchase Price...................... 53 Section 11.11. Repayment to the Company............................................ 53
Redemption by Holder. A holder may, upon giving notice to the Corporation at its registered office or other premises, call for the redemption of all or a portion of its Series 2 Preferred Shares on a redemption date to be set by the holder, which date is not less than 10 days following the date a redemption notice is given to the Corporation. Such a holder’s Series 2 Preferred Shares shall be redeemed by the Corporation upon payment of the Redemption Amount for each such share.
Redemption by Holder. At any time after a Holder's timely receipt of a Notice of Redemption Right, but in no event later than five days prior to the applicable Holder Redemption Date, such Holder may require the Company to redeem, in whole or in part, the Securities held by such Holder by delivering a notice (the "NOTICE OF REDEMPTION") to the Paying Agent. The Notice of Redemption shall state:
(a) if certificated, the certificate numbers of the Securities which such Holder will deliver to be redeemed, or, if not certificated, the Notice of Redemption must comply with appropriate procedures of the Depositary;
(b) the portion of the Principal Amount of the Securities which the Holder will deliver to be redeemed, which portion must be in a Principal Amount of $1,000 or integral multiples thereof; and
(c) that such Securities shall be redeemed as of the applicable Holder Redemption Date pursuant to the terms and conditions specified in the Securities and in this Indenture.
Redemption by Holder. Preferred Stock holders may request the redemption of their Preferred Stock at the Redemption Price by delivering a 60-day written request for redemption to the Cooperative. The Board of Directors may limit, postpone or refuse the request for redemption.