Redemption of Common Stock. As consideration for the agreements reflected in this Amendment, each Noteholder hereby sells effective as of the date of this Amendment, and the Parent hereby purchases, effective as of the date of this Amendment, the number of shares of common stock of the Parent indicated in the table below (the “Purchased Shares”) for the per share purchase price indicated below, such aggregate purchase price to be paid to each of the Noteholders by the Parent with the proceeds of the Tenth Amendment Advance on the date of this Amendment (the “Redemption Transaction”) as indicated in the table below. Within five business days following the date of this Agreement, each Noteholder shall deliver to the Parent the original stock certificates evidencing such Noteholder’s Purchased Shares, together with such other documentation reasonably requested by the Parent’s transfer agent and acceptable to the Noteholders. The Parent shall instruct its transfer agent to issue new certificates evidencing its shares of common stock if the original stock certificates evidence more shares than a respective Noteholder’s Purchased Shares. The Parent acknowledges and agrees that the Noteholders may be in possession of material nonpublic information regarding the Parent and its Subsidiaries and the Parent hereby waives compliance with the Parent’s xxxxxxx xxxxxxx policy and any other policy of the Parent to the extent that such policies apply to the Redemption Transaction.
Redemption of Common Stock. Immediately prior to the Effective Time of the Merger upon the effectiveness of this Amendment (as defined below) (the "Redemption Date"), each share of Common Stock of the Corporation that would not be converted into the Per Share Unit Consideration at the Effective Time of the Merger (the "Redemption Shares"), pursuant to Section 3.1 of the Agreement and Plan of Redemption and Merger, by and among the Corporation, MarkWest Energy Partners, L.P. and MWEP, L.L.C. dated as of September 5, 2007 (the "Redemption/Merger Agreement") shall be redeemed at a redemption price per share equal to the Per Share Cash Consideration (the "Redemption Price"). All capitalized terms used in Sections 1(d) and (e) (the "Amendment") that are not defined herein shall have the meanings ascribed to such terms in the Redemption/Merger Agreement. The Redemption Price shall be paid in accordance with the procedures for payment of the Redemption Consideration to holders of Certificates set forth in Section 3.5 of the Redemption/Merger Agreement. As of the Redemption Date, all Redemption Shares shall no longer be deemed outstanding and all rights with respect to such Redemption Shares shall cease and terminate, except only the right of the holders thereof to receive the Per Share Cash Consideration for each Redemption Share pursuant to and in accordance with the terms of the Redemption/Merger Agreement.
Redemption of Common Stock. Enter into any agreement to, or purchase or retire shares of the Borrower's common stock or pay or make other similar payments in respect thereof.
Redemption of Common Stock. Should any or all of the Company's -------------------------- Common Stock be redeemed at any time prior to full payment of all amounts due under this Note then this Note shall immediately become convertible into that number of shares of the Company's Common Stock equal to the number of shares of the Common Stock that would have been received if this Note had been converted in full and the Conversion Price shall be immediately adjusted to equal the quotient obtained by dividing (x) the aggregate Conversion Price of the maximum number of shares of Common Stock into which this Note was convertible immediately prior to such redemption, by (y) the number of shares of Common Stock for which this Note is convertible immediately after such redemption.
Redemption of Common Stock. Effective as of the Second Closing, the Company shall have redeemed from its shareholders at a price of $3.00 per share a total of 2,000,000 shares of its Common Stock (which the Company currently contemplates will include approximately 163,126 vested shares issuable upon exercise of outstanding options) in compliance with the requirements of the California Corporations Code and other applicable laws and regulations.
Redemption of Common Stock. In the event that an event described in clause (iv) or clause (v) of the definition of Relief Period occurs, the Company shall redeem or cause to be redeemed any shares of Common Stock issued by the Company to the Advisor pursuant to Section 10(i) for cash in an amount equal to the original issuance price thereof not later than five (5) business days after such event occurs.”
Redemption of Common Stock. Upon the terms and subject to the conditions -------------------------- set forth in this Agreement, the parties hereto agree that all of the Redemption Shares shall be redeemed for the cash consideration set forth on Exhibit B. ---------
Redemption of Common Stock. Enter into any agreement -------------------------- to, or purchase or retire shares of the Borrower's common stock or pay or make other similar payments in respect thereof, EXCEPT that, if there is not then existing any Default or Event of Default (and no Default or Event of Default will result therefrom), the Borrower may purchase, redeem or retire shares of its common stock in an amount not to exceed twenty-five percent (25%) of the average daily trading volume of its common stock on the American Stock Exchange during the four (4) week period ending on the day immediately prior to such purchase, redemption or retirement, which amount shall not exceed 25,000 shares and the consideration paid in respect thereof shall not exceed $500,000, in each case cumulatively in any calendar year.
Redemption of Common Stock. Within ten (10) business days of the date hereof, the Company shall distribute to all of the holders of Common Stock an information statement in the form previously delivered to the Purchasers offering such holders the redemption of up to ten percent (10%) of their aggregate shares at a price not greater than $2.17 per share (less applicable bankers fees) (the “Redemption”). The Redemption of the Common Stock shall be completed on or before the 60th day following the date such information statement is distributed, or such later date as agreed to by Clarus Lifesciences I, LP.
Redemption of Common Stock. Brain Xxxxx shall have redeemed the all shares of common stock held by him to the Company, with the effect that the Company shall incur not more than $50.00 of liability for such redemption.
