Redemption of Preferred Shares. If, at any time, any Preferred Shares are redeemed, repurchased or otherwise acquired (whether by exercise of a put or call, automatically or by means of another arrangement) by the Special Limited Partner for cash, then, immediately prior to such redemption, repurchase or acquisition of Preferred Shares, the Partnership shall purchase an equal number of Partnership Equivalent Units held by the Special Limited Partner that correspond to the class or series of Preferred Shares so redeemed, repurchased or acquired upon the same terms and for the same price per Partnership Equivalent Unit, as such Preferred Shares are redeemed, repurchased or acquired.
Redemption of Preferred Shares. If, at any time, any Preferred Shares are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the General Partner for cash, the Partnership shall, immediately prior to such redemption of Preferred Shares, redeem an equal number of Partnership Preferred Units held by the General Partner, upon the same terms and for the same price per Partnership Preferred Unit, as such Preferred Shares are redeemed.
Redemption of Preferred Shares. (a) The Company shall, as provided by the Certificate of Designation, (i) file with its corporate records the certificate referenced in the second paragraph of Section 7(a)(1) of the Certificate of Designation, (ii) send (including by means of DTC electronic notice) the notice of redemption contemplated by Section 7(c) of the Certificate of Designation (the “Notice of Redemption”) and the certificate referenced in the second paragraph of Section 7(a)(1) of the Certificate of Designation to each holder of Company Preferred Shares as soon as practicable after (but in any case within two (2) business days of) the mailing of the Joint Proxy Statement/Prospectus, (iii) set aside for the benefit of the holders of Company Preferred Shares $26.00 per Company Preferred Share, plus all declared and unpaid dividends thereon, if any, to the date of redemption, without interest on such unpaid dividends, pursuant to Section 7(e) of the Certificate of Designation and (iv) redeem all outstanding Company Preferred Shares thirty (30) days after the notice of redemption is sent to the holders of Company Preferred Shares pursuant to Section 7(a)(2) of the Certificate of Designation (the “Preferred Share Redemption Date”) and in any case prior to the Company Shareholders Meeting (the “Preferred Share Redemption”).
(b) The Company shall cause Montpelier Reinsurance Ltd. or another Subsidiary of the Company to (i) prepare and file all necessary or appropriate applications or filings with the Bermuda Monetary Authority (if applicable) in connection with the issuance of any dividend or distribution required to be paid by such company in order to fund the Preferred Share Redemption (including any application required pursuant to Section 31B of the Insurance Act 1978 (as amended)) and any related transfer of funds to the Company and (ii) pay a dividend or otherwise transfer funds to the Company in an amount sufficient for the payment of the Preferred Share Redemption. To the extent necessary and permitted under applicable Law, the Company will consult and reasonably cooperate with Parent regarding the payment of the Preferred Share Redemption, including with respect to sources of funds (including the sale or liquidation of any investments) used to pay the Preferred Share Redemption and setting the Preferred Share Redemption record date.
Redemption of Preferred Shares. If, at any time, any Preferred Shares are redeemed, repurchased or otherwise acquired (whether by exercise of a put or call, automatically or by means of another arrangement) by CLNS Credit for cash, then, immediately prior to such redemption of Preferred Shares, the Company shall redeem an equal number of Company Equivalent Units held by CLNS Credit that correspond to the class or series of Preferred Shares so redeemed, repurchased or acquired upon the same terms and for the same price per Company Equivalent Unit, as such Preferred Shares are redeemed, repurchased or acquired.
Redemption of Preferred Shares. The Company may redeem and repurchase Preferred Shares from the holders thereof, and will redeem and repurchase the Preferred Shares from the holders thereof, at the times and upon the terms and conditions set forth in the Company's Articles of Incorporation.
Redemption of Preferred Shares. The Company shall provide notices of redemption to the holders of Preferred Shares, to the extent required under the Company Bye-laws or under any agreements or instruments applicable to the Preferred Shares, in order to permit the redemption of the Preferred Shares at the Effective Time in accordance with Section 3.1(a).
Redemption of Preferred Shares. If, at any time, any Preferred Shares are redeemed, repurchased or otherwise acquired (whether by exercise of a put or call, automatically or by means of another arrangement) by SDC Inc. for cash, then, immediately prior to such redemption, repurchase or acquisition of Preferred Shares, the Company shall purchase an equal number of Equivalent Units held by SDC Inc. that correspond to the class or series of Preferred Shares so redeemed, repurchased or acquired upon the same terms and for the same price per Equivalent Unit, as such Preferred Shares are redeemed, repurchased or acquired.
Redemption of Preferred Shares. Prior to or at the Closing, the Company shall cause the Preferred Stock to be redeemed in accordance with the terms and conditions set forth in the Certificate of Designation, Preferences and Rights, dated as of November 8, 2012, relating to the Preferred Stock.
Redemption of Preferred Shares. Cause the redemption of all shares in each of the Trusts held by the preferred shareholders of each of the Trusts in accordance with Section 5.6.8.
Redemption of Preferred Shares. If, at any time, any Preferred Shares are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the General Partner for cash, the Partnership shall, immediately prior to such redemption of Preferred Shares, redeem a number of Partnership Preferred Units held by the General Partner equal to the number of the Preferred Shares subject to such redemption divided by the Conversion Factor for Partnership Preferred Units then in effect, upon the same terms as such Preferred Shares are redeemed and for the price per Partnership Preferred Unit equal to the price per Preferred Share so redeemed multiplied by the Conversion Factor for Partnership Preferred Units then in effect.
