Common use of REDEMPTION OF CLASS B STOCK Clause in Contracts

REDEMPTION OF CLASS B STOCK. From funds in the Liquidating Account, the Bank shall redeem at par all of the Holder’s Class B Stock, in the amount specified in Schedule II hereto, pursuant to the terms of Section 411 of the Act and Section 2.2 of the Bylaws and shall cancel such Class B Stock.

Appears in 3 contracts

Samples: Stock Redemption Agreement, Stock Redemption Agreement (Shenandoah Telecommunications Co/Va/), Stock Redemption Agreement (North Pittsburgh Systems Inc)

AutoNDA by SimpleDocs

REDEMPTION OF CLASS B STOCK. From funds in the Liquidating Account, the Bank shall redeem at par all of the Holder’s 's Class B Stock, in the amount specified in Schedule II hereto, pursuant to the terms of Section 411 of the Act and Section 2.2 of the Bylaws and shall cancel such Class B Stock.

Appears in 1 contract

Samples: Stock Redemption Agreement (Citizens Communications Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.