Common use of Redemption of Depositary Shares Clause in Contracts

Redemption of Depositary Shares. If a class or series of preferred stock represented by depositary shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting from the redemption, in whole or in part, of such class or series of preferred stock held by the depositary. The redemption price per depositary share will be equal to the applicable fraction of the redemption price per share payable with respect to such class or series of preferred stock. Whenever we redeem shares of preferred stock held by the depositary, the depositary will redeem as of the same redemption date the number of depositary shares representing the shares of preferred stock so redeemed. If fewer than all the depositary shares are to be redeemed, the depositary shares to be redeemed will be selected by lot or pro rata as may be determined by the depositary. After the date fixed for redemption, the depositary shares so called for redemption will no longer be outstanding and all rights of the holders of the depositary shares will cease, except the right to receive the money, securities or other property payable upon such redemption and any money, securities or other property to which the holders of such depositary shares were entitled upon such redemption upon surrender to the depositary of the depositary receipts evidencing such depositary shares.

Redemption of Depositary Shares. If a class or series of preferred stock represented by depositary shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting from the redemption, in whole or in part, of such class or series of preferred stock held by the depositary. The redemption price per depositary share will be equal to the applicable fraction of the redemption price per share payable with respect to such class or series of preferred stock. Whenever we redeem shares of preferred stock held by the depositary, the depositary will redeem as of the same redemption date the number of depositary shares representing the shares of the preferred stock so redeemed, so long as we have paid in full to the depositary the redemption price of the preferred stock to be redeemed plus an amount equal to any accumulated and unpaid dividends on the preferred stock to the date fixed for redemption. The redemption price per depositary share will be equal to the redemption price and any other amounts per share payable on the preferred stock multiplied by the fraction of a share of preferred stock represented by one depositary share. If fewer less than all the depositary shares are to be redeemed, the depositary shares to be redeemed will be selected by lot or pro rata or by any other equitable method as may be determined by the depositary. After the date fixed for redemption, the depositary shares so called for redemption will no longer be deemed to be outstanding and all rights of the holders of the depositary shares will cease, except the right to receive the money, securities or other property monies payable upon such redemption and any money, securities money or other property to which the holders of such the depositary shares were entitled upon such redemption upon surrender to the depositary of the depositary receipts evidencing such the depositary shares.

Redemption of Depositary Shares. If a class or series of preferred stock represented by depositary shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary Preferred Stock Depositary resulting from the redemption, in whole or in part, of such class or series of preferred stock held by the depositaryPreferred Stock Depositary. The redemption price per depositary share will be equal to the applicable fraction of the redemption price and other amounts per share share, if any, payable with in respect to of such class or series of preferred stock. Whenever we redeem shares of preferred stock held by the depositaryPreferred Stock Depositary, the depositary Preferred Stock Depositary will redeem as of the same redemption date the number of depositary shares representing the shares of preferred stock so redeemed. If fewer than all of the depositary shares are to be redeemed, the depositary shares to be redeemed will be selected by lot or pro rata (as nearly as may be practicable without creating fractional depositary shares), or by any other methods that may be determined to be equitable by the depositaryPreferred Stock Depositary. After From and after the date fixed for redemption, all dividends in respect of the preferred stock so called for redemption will cease to accrue, the depositary shares so called for redemption will no longer be outstanding deemed to be outstanding, and all rights of the holders of the depositary shares with respect to those depositary shares will cease, except the right to receive the money, securities or other property payable redemption price upon such redemption and that redemption. Any funds deposited by us with the Preferred Stock Depositary for any money, securities or other property to depositary shares which the holders thereof fail to redeem shall be returned to us after a period of such depositary shares were entitled upon such redemption upon surrender to two years from the depositary of the depositary receipts evidencing such depositary sharesdate those funds are so deposited.

Redemption of Depositary Shares. If a class or any series of the preferred stock represented by underlying the depositary shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting from the any redemption, in whole or in part, of such class or the series of the preferred stock held by the depositary. The redemption price per depositary share will be equal to the applicable fraction of the redemption price per share payable with respect to such class or the series of the preferred stock. Whenever If we redeem shares of a series of preferred stock held by the depositary, the depositary will redeem as of the same redemption date the number of depositary shares representing the shares of preferred stock so redeemed. If fewer less than all the depositary shares are to be redeemed, the depositary shares to be redeemed will be selected by lot or pro rata as may be substantially equivalent method determined by the depositary. After the date fixed for redemption, the depositary shares so called for redemption will no longer be deemed to be outstanding and all rights of the holders of the depositary shares will cease, except the right to receive the money, securities or other property monies payable upon such redemption and any money, securities money or other property to which the holders of such the depositary shares were entitled upon such redemption redemption, upon surrender to the depositary of the depositary receipts evidencing such the depositary shares. Any funds deposited by us with the depositary for any depositary shares that the holders thereof fail to redeem will be returned to us after a period of two years from the date the funds are so deposited.

Redemption of Depositary Shares. If a class or series of preferred stock represented by depositary Whenever we redeem shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting from the redemption, in whole or in part, of such class or series of preferred stock held by a depositary, the depositary will redeem the corresponding amount of depositary shares with funds it receives from us for the preferred stock. The depositary will notify the record holders of the depositary shares to be redeemed not less than 30 days nor more than 60 days before the date fixed for redemption at the holders’ addresses appearing in the depositary’s books. The redemption price per depositary share will be equal to the applicable fraction of the redemption price per share and any other amounts payable with respect to such class or series of the preferred stock. Whenever If we intend to redeem shares less than all of the underlying preferred stock held by the depositarystock, we and the depositary will redeem as of the same redemption date the number of depositary shares representing the shares of preferred stock so redeemed. If fewer than all the depositary shares are to be redeemed, select the depositary shares to be redeemed will be selected by lot or on as nearly a pro rata basis as may be practicable without creating fractional depositary shares or by any other equitable method determined by us. On the depositary. After redemption date: · all dividends relating to the date fixed for redemption, the depositary shares so of preferred stock called for redemption will cease to accrue; · we and the depositary will no longer deem the depositary shares called for redemption to be outstanding outstanding; and · all rights of the holders of the depositary shares called for redemption will cease, except the right to receive the money, securities or other property any money payable upon such the redemption and any money, securities money or other property to which the holders of such the depositary shares were are entitled upon such redemption upon surrender to the depositary of the depositary receipts evidencing such depositary sharesredemption.

Redemption of Depositary Shares. If a class or series of preferred stock represented by depositary shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting from the redemption, in whole or in part, of such class or series of preferred stock held by the depositary. The redemption price per depositary share will be equal to the applicable fraction of the redemption price per share payable with respect to such class or series of preferred stock. Whenever we redeem preferred shares of preferred stock held by the depositary, the depositary will redeem as of the same redemption date the number of depositary shares representing preferred shares so redeemed, so long as we have paid in full to the depositary the redemption price of the preferred shares to be redeemed plus an amount equal to any accumulated and unpaid dividends on the preferred shares to the date fixed for redemption. The redemption price per depositary share will be equal to the redemption price and any other amounts per share payable on the number of preferred stock so redeemedshares represented by such depositary share. If fewer less than all the depositary shares are to be redeemed, the depositary shares to be redeemed will be selected by lot or pro rata or by any other equitable method as may be determined by the depositary. After the date fixed for redemption, the depositary shares so called for redemption will no longer be deemed to be outstanding and all rights of the holders of the depositary shares will cease, except the right to receive the money, securities or other property monies payable upon such redemption and any money, securities money or other property to which the holders of such the depositary shares were entitled upon such redemption or upon surrender to the depositary of the depositary receipts evidencing such the depositary shares.

Redemption of Depositary Shares. If a class or series of preferred stock represented by depositary Whenever the Company redeems shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting from the redemption, in whole or in part, of such class or series of preferred stock held by a depositary, the depositarydepositary will redeem the corresponding amount of depositary shares. The redemption price per depositary share will be equal to the applicable fraction of the redemption price per share and any other amounts payable with respect to such class or series of the preferred stock. Whenever we If the Company intends to redeem shares less than all of the underlying preferred stock held by stock, the depositary, Company and the depositary will redeem as of the same redemption date the number of depositary shares representing the shares of preferred stock so redeemed. If fewer than all the depositary shares are to be redeemed, select the depositary shares to be redeemed will be selected by lot or as nearly pro rata as may be practicable without creating fractional depositary shares or by any other equitable method determined by the depositaryCompany that preserves the Company’s REIT status. After On the date fixed for redemption, redemption date: • all dividends relating to the depositary shares so of preferred stock called for redemption will cease to accrue; • the Company and the depositary will no longer deem the depositary shares called for redemption to be outstanding outstanding; and • all rights of the holders of the depositary shares called for redemption will cease, except the right to receive the money, securities or other property any money payable upon such the redemption and any money, securities money or other property to which the holders of such the depositary shares were are entitled upon such redemption upon surrender to the depositary of the depositary receipts evidencing such depositary sharesredemption.