Redemption Obligations Sample Clauses

Redemption Obligations. On the Mandatory Redemption Date, the Manager shall be obligated to cause the Company to redeem the entirety of the Preferred Member’s Interest in exchange for distributions made to the Preferred Member in an amount equal to the aggregate of (i) Unreturned Preferred Capital, (ii) all accrued and unpaid Preferred Return, and (iii) all actual third party costs and expenses incurred by the Preferred Member in connection with such redemption. Preferred Member agrees to execute an assignment of Preferred Member’s entire Interest upon such redemption, and agrees to reasonably cooperate with a sale of the Property in order to facilitate such redemption. If the Company shall fail to redeem the entirety of the Preferred Member’s Interest on the Mandatory Redemption Date it shall be a Change of Control Event entitling Preferred Member to all of its rights and remedies under Section 8.24 of this Agreement. From and after the redemption of the Preferred Member’s Interest hereunder and payment of any and all fees expenses and other amounts due hereunder or under any of the Guaranties, the Preferred Member shall be deemed to have resigned from the Company, shall cease to be a Member of the Company and shall have no further rights with respect to the Company, the management of the Company, any distributions made by the Company, or the Property.

Redemption Obligations. The Company is required to redeem its Series A Convertible Preferred Stock, at the option of the holder thereof after March 21, 2004, pursuant to the Certificate of Designation for such securities. SCHEDULE 3(g) FINANCIAL STATEMENTS -------------------- Other than the changes in accounting policy as required under changes in generally accepted accounting principles since December 31, 1998, and the addition of assets or operations that required the application or adoption of accounting policy that was not required or necessary prior to the addition of assets or operations, there have been no changes in accounting policy, principles, methods or practices including any change with respect to reserves (whether for bad debts, contingent liabilities or otherwise), of the Company or any of its subsidiaries since December 31, 1998. SCHEDULE 3(k) COMPLIANCE WITH LEGAL REQUIREMENTS ---------------------------------- The Company is required under its bylaws to hold annual shareholders meetings in the fifth month following the end of the Company's fiscal year. The Company has not held its annual shareholders meetings for the fiscal years ended December 31, 2000, June 30, 2001 and June 30, 2002. The Company is required under its bylaws to furnish annual reports to the shareholders not later than 120 days after the end of each fiscal period. Other than filing with the Form 10-KSB with the Securities and Exchange Commission for the fiscal years ended December 31, 2000 and June 30, 2001, the Company has not sent an annual report to the shareholders for the fiscal years ended December 31, 2000, June 30, 2001, and June 30, 2002. The Company is required to file Forms 10-KSB and 10-QSB within 90 days and 45 days respectively subsequent to close of fiscal periods with the Securities and Exchange Commission. The Company has not filed Form 10-KSB for the fiscal year ended June 30, 2002 and Form 10-QSB for the quarter ended September 30, 2002. The Company is required to file a registration statement for securities issued under the Agreement and Plan of Merger by and between Tangible Asset Galleries, Inc., Tangible Asset Galleries Acquisition Corp, and HotelInteractive, Inc. dated June 25, 2001 within six months of the effective date of the transaction. The Company has not filed such registration statement. The Company is required to file a registration statement for securities issued under the Private Placement Memorandum dated July 6, 2001 and terminated October 31, 2001, within...

Redemption Obligations. Through optional redemption or other means of payment permitted under the Indenture, to amortize the Bonds, including Bonds held by the Trustee under the Pledge and Security Agreement, on the basis required by Exhibit B hereof.

Redemption Obligations. There are no outstanding contractual obligations of MVP to repurchase, redeem or otherwise acquire any shares of Common Stock or other capital stock of MVP, except with respect to the Series B Preferred as provided in the Charter and in this Agreement.

Redemption Obligations. The Company acknowledges its obligation to redeem for cash all of the Shares on the date six (6) months immediately after the payment in full and the satisfaction of all of the obligations of the Company to the lenders who provided financing to the Company in the aggregate principal amount of Seventy-five Million Dollars ($75,000,000) in accordance with the terms of the Company's Series D Certificate of Designation. If, the Company has insufficient capital resources to redeem all such Shares, the Company covenants to use its reasonable best efforts to obtain the funds necessary to effect such redemption in full as soon as practicable, including engaging a nationally-known investment banking or financial advisory firm reasonably acceptable to the holders of the Shares to assist the Board of Directors and management in either (i) a recapitalization of the Company or (ii) the sale of all or a portion of the Company's assets, in order to generate sufficient funds to fully redeem such Shares.

Redemption Obligations. The Company acknowledges its obligation to redeem for cash 50% of the Shares on or before each of November 13, 2002 and November 13, 2003, respectively, in accordance with the terms of the Company's Series C Certificate of Designation. If, the Company has insufficient capital resources to redeem all such Shares, the Company covenants to use its reasonable best efforts to obtain the funds necessary to effect such redemption in full as soon as practicable, including engaging a nationally-known investment banking or financial advisory firm reasonably acceptable to the holders of the Shares to assist the Board of Directors and management in either (i) a recapitalization of the Company or (ii) the sale of all or a portion of the Company's assets, in order to generate sufficient funds to fully redeem such Shares.

Redemption Obligations. Revett Montana hereby represents, warrants and covenants in favor of Revett Canada that, for so long as any Revett Montana Class B Stock is outstanding, it will not accept any tender of Revett Montana Class B Stock for redemption in exchange for Revett Canada Common Shares without first obtaining Revett Canada’s written consent, which consent shall be withheld only if Revett Canada reasonably concludes that the issuance and delivery of the Revett Canada Common Shares could result in Revett Canada being treated for United States federal tax purposes as a “U.S. corporation” pursuant to Section 7874 of the Internal Revenue Code of 1986, as amended.