Redemption of Preference Shares Sample Clauses

Redemption of Preference Shares. On the Winding Up Completion Date, the Trust will waive its right to receive a portion (such portion, the "Preference Share Waiver Amount" and, taken together with the Note Waiver Amount, the "Aggregate Waiver Amount") of the aggregate price payable on redemption of the Preference Shares pursuant to the provisions of the Certificate of Designation thereof, the Preference Share Waiver Amount to be determined pursuant to Section 1.7 hereof, and DI will redeem the Preference Shares at their stated redemption price plus accrued dividends, less the Preference Share Waiver Amount. The Trust shall deliver to DI each of the certificates representing the Preferred Shares.
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Redemption of Preference Shares. If the Purchaser shall have exercised its option under Clause 1.4, on Closing, the Company shall redeem the Preference Shares at the Redemption Sum and the Seller shall provide such assistance as the Purchaser may reasonably require to facilitate such redemption. Such assistance shall include, without limitation, procuring that the terms of the Preference Shares are amended or waived to the extent necessary to allow such redemption at such time and value. Subject to such redemption taking place, the Seller hereby waives for the benefit of the Purchaser any and all accrued rights it may have in respect of the Preference Shares as at the date of redemption.
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Redemption of Preference Shares. (3,440) (316) (3,440) (316) --------- ---- ---------- ---- ------ ---- ------ ------- BALANCES, JUNE 30, 1997.............. 7,665,000 140 -- -- -- -- -- -- Net income........................
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Redemption of Preference Shares. (632) ------- ---- ----- ------- ------ ------- BALANCES, JUNE 30, 1997.............. 25,268 (80) (48) 2,911 28,191 Net income........................... 4,175 4,175 4,175 Other comprehensive income Accumulated unrealized holding gain (loss) on investments....
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Redemption of Preference Shares. At the Third Closing Time, the Share Acquiror shall redeem all of the Preference Shares at the Redemption Price.
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Redemption of Preference Shares. As soon as reasonably practicable following the Closing, Asymetrix shall cause Pixelmedia to redeem the 99,999 shares of Class "G" Non-Voting Cumulative Preference Shares held by Xxx Xxxx and Tuen Xxxx Xxxx (the "Preference Shares"). Asymetrix will provide the funding required to redeem the Preference Shares.
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Redemption of Preference Shares. 33 50. Power to issue shares...............................................
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Redemption of Preference Shares. (1) Upon the occurrence of the Redemption Condition, the Company shall redeem all, but not less than all, of the Preference Shares outstanding at the time of such redemption. On any such redemption, the Company shall pay a price in cash equal to U.S.$0.01 per share to the Members holding the Preference Shares. Not more than five days after the occurrence of the Redemption Condition, the Company shall deliver a written notice to all Members holding Preference Shares indicating: (i) that it intends to redeem the shares pursuant to this Bye-law 49, (ii) that payment will be made upon surrender of the certificates representing the Preference Shares, and (iii) specifying the consideration to be paid to each holder and the place, manner and date of such payment and the surrender of the certificates evidencing the Preference Shares, which shall be within ten days of the date of such notice. (2) The Members holding the Preference Shares shall surrender the share certificates representing the Preference Shares to the Company and shall receive the redemption price in accordance with the written notice delivered by the Company. Any Preference Shares not surrendered in a timely manner shall be automatically redeemed by the Company, and the Company shall segregate and hold in trust the consideration to which such holders are entitled for a period of six years. (3) The failure of the Company to redeem the shares upon the occurrence of the Redemption Condition shall not constitute a waiver of the Company's right and obligation to redeem the Preference Shares.
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Redemption of Preference Shares. The receipt of (pound)300,000 plus accrued and unpaid dividends of (pound)9,320.54 by the holders of the Outstanding Preference Shares at or prior to the Closing shall irrevocably and conclusively constitute a full redemption of such Shares in accordance with the provisions of Section 3.4 of TRIAX's Articles of Association, as amended.
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Related to Redemption of Preference Shares

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Conversion of Preferred Stock If the Class is a class and series of the Company’s convertible preferred stock, in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common stock pursuant to the provisions of the Company’s Certificate of Incorporation, including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Redemption of Shares PNC shall process requests to redeem Shares as follows: (i) All requests to transfer or redeem Shares and payment therefor shall be made in accordance with the Fund’s prospectus, when the shareholder tenders Shares in proper form, accompanied by such documents as PNC reasonably may deem necessary. (ii) PNC reserves the right to refuse to transfer or redeem Shares until it is satisfied that the endorsement on the instructions is valid and genuine and that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal to process transfers or redemptions that PNC, in its judgment, deems improper or unauthorized, or until it is reasonably satisfied that there is no basis to any claims adverse to such transfer or redemption. (iii) When Shares are redeemed, PNC shall deliver to the Fund’s custodian (the “Custodian”) and the Fund or its designee a notification setting forth the number of Shares redeemed. Such redeemed Shares shall be reflected on appropriate accounts maintained by PNC reflecting outstanding Shares of the Fund and Shares attributed to individual accounts. (iv) PNC shall, upon receipt of the monies provided to it by the Custodian for the redemption of Shares, pay such monies as are received from the Custodian, all in accordance with the procedures established from time to time between PNC and the Fund. (v) When a broker-dealer notifies PNC of a redemption desired by a customer, and the Custodian provides PNC with funds, PNC shall prepare and send the redemption proceeds to the broker-dealer on behalf of its customer, unless otherwise instructed in writing by the broker-dealer. (vi) PNC shall not process or effect any redemption requests with respect to Shares of the Fund after receipt by PNC or its agent of notification of the suspension of the determination of the net asset value of the Fund.

  • Redemption of Warrants (a) Subject to the terms of this Section 4, the Company shall have the right to redeem this Warrant for a redemption price (the "Redemption Price") equal to the result obtained by multiplying (i) $0.01 by (ii) the number of Warrant Shares that the Registered Holder is entitled to purchase upon exercise of this Warrant immediately prior to the termination of this Warrant under Section 4(d) below (such Redemption Price being subject to adjustment for stock splits, stock dividends, combinations, recapitalizations, reclassifications, and similar transactions affecting the Common Stock). (b) The Company shall exercise this redemption right by providing at least 30 days' prior written notice to the Registered Holder of such redemption (the "Redemption Notice"). Such Redemption Notice shall be provided to the Registered Holder in accordance with Section 10 of this Warrant. The Redemption Notice shall specify the time, manner and place of redemption, including without limitation the date on which this Warrant shall be redeemed (the "Redemption Date") and the Redemption Price payable to the Registered Holder (assuming that this Warrant is not exercised on or prior to the Redemption Date). (c) Notwithstanding the foregoing, the Company may not redeem this Warrant or provide the Redemption Notice to the Registered Holder unless the closing sales price of the Common Stock on each day of a 20 consecutive trading day period ending within 30 days prior to the date the Company provides the Redemption Notice to the Registered Holder is greater than or equal to $1.34 (subject to adjustment for stock splits, stock dividends, combinations, recapitalizations, reclassifications, and similar transactions affecting the Common Stock); provided, however, that the Company may not redeem this Warrant or provide the Redemption Notice on or before February 27, 2005. (d) This Warrant shall cease to be exercisable and shall be terminated and of no further force or effect effective at 5:00 p.m. (Boston Time)

  • Reservation of Preferred Stock The Preferred Stock issuable upon exercise of the Warrantholder's rights has been duly and validly reserved and, when issued in accordance with the provisions of this Warrant Agreement, will be validly issued, fully paid and non-assessable, and will be free of any taxes, liens, charges or encumbrances of any nature whatsoever; provided, however, that the Preferred Stock issuable pursuant to this Warrant Agreement may be subject to restrictions on transfer under state and/or Federal securities laws. The Company has made available to the Warrantholder true, correct and complete copies of its Charter and Bylaws, as amended. The issuance of certificates for shares of Preferred Stock upon exercise of the Warrant Agreement shall be made without charge to the Warrantholder for any issuance tax in respect thereof, or other cost incurred by the Company in connection with such exercise and the related issuance of shares of Preferred Stock. The Company shall not be required to pay any tax which may be payable in respect of any transfer involved and the issuance and delivery of any certificate in a name other than that of the Warrantholder.

  • Preferred Shares The Preferred Shares have been duly and validly authorized, and, when issued and delivered pursuant to this Agreement, such Preferred Shares will be duly and validly issued and fully paid and non-assessable, will not be issued in violation of any preemptive rights, and will rank pari passu with or senior to all other series or classes of Preferred Stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

  • Redemption of Debentures 17 Section 3.1 Redemption................................................17 Section 3.2 Special Event Redemption..................................17 Section 3.3 Optional Redemption by Company............................17 Section 3.4

  • Conversion Shares Issuable Upon Conversion of Principal Amount The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Conversion Price.

  • Issuance of Preferred Stock So long as this Warrant remains outstanding, the Company will not issue any capital stock of any class preferred as to dividends or as to the distribution of assets upon voluntary or involuntary liquidation, dissolution or winding up, unless the rights of the holders thereof shall be limited to a fixed sum or percentage of par value in respect of participation in dividends and in the distribution of such assets.

  • Redemption of Notes Section 10.01. Redemption...................................................................53 Section 10.02. Form of Redemption Notice....................................................54 Section 10.03. Notes Payable on Redemption Date.............................................54

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