REDEMPTION OF DEBENTURES. The Company shall have reached an agreement and/or received such consents as are necessary to permit to the Company to redeem the Debentures and will forgive all accrued but unpaid interest at a discount which, when aggregated with the discount for the redemption of the Series A Preferred Stock and the Subordinated Note equals or exceeds $17,315,000.
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Samples: Stock Purchase Agreement (RMB Capital Management, LLC), Stock Purchase Agreement (Bank of the Carolinas CORP)
REDEMPTION OF DEBENTURES. The Company shall have reached an agreement and/or received such consents as are necessary to permit to the Company to redeem the Debentures debentures related to the Company’s trust preferred securities (the “Debentures”) and will forgive all accrued but unpaid interest at a discount which, when aggregated with the discount for the redemption of the Series A Preferred Stock and the Subordinated Note equals or exceeds $17,315,000.
Appears in 2 contracts
Samples: Stock Purchase Agreement (RMB Capital Management, LLC), Stock Purchase Agreement (Bank of the Carolinas CORP)
REDEMPTION OF DEBENTURES. The Company shall have reached an agreement and/or received such consents as are necessary to permit to the Company to redeem the Debentures debentures related to the Company’s trust preferred securities (the “Debentures”) and will forgive all accrued but unpaid interest at and any other amounts due in exchange for a discount whichpayment of $600,000, when aggregated with plus reimbursement of attorneys’ fees and other expenses incurred by the discount for the redemption holders of the Series A Preferred Stock and the Subordinated Note equals or exceeds trust preferred securities not to exceed $17,315,00025,000.
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REDEMPTION OF DEBENTURES. The Company shall have reached an agreement and/or received such consents as are necessary to permit to the Company to redeem the Debentures and will forgive all accrued but unpaid interest at a discount whichin exchange for a payment of $618,600, when aggregated with plus reimbursement of attorneys’ fees and other expenses incurred by the discount for the redemption holders of the Series A Preferred Stock and the Subordinated Note equals or exceeds trust preferred securities not to exceed $17,315,00025,000.
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