Redemption of Preferred Stock. (a) The Company may, at any time, redeem, and the holders of the outstanding Preferred Stock shall sell to the Company, at the redemption price equal to the sum of the Liquidation Preference per share plus an amount equal to all accrued and unpaid dividends per share (the "Redemption Price"), all or a portion of the outstanding Preferred Stock.
(i) At least thirty (30) days prior to the date fixed for the redemption of the Preferred Stock, written notice (the "Redemption Notice") shall be mailed, postage prepaid, to each holder of record of the Preferred Stock at its post office address last shown on the records of the Company. The Redemption Notice shall state:
(1) the number of shares of Preferred Stock held by the holder that the Company intends to redeem;
(2) the date fixed for redemption and the Redemption Price; and
(3) that the holder is to surrender to the Company, in the manner and at the place designated, its certificate or certificates representing the shares of Preferred Stock to be redeemed.
(ii) On or before the Redemption Date, each holder of Preferred Stock shall surrender the certificate or certificates representing such shares of Preferred Stock to the Company, in the manner and at the place designated in the Redemption Notice, and thereupon the Redemption Price for such shares shall be payable in cash on the Redemption Date to the person whose name appears on such certificate or certificates as the owner thereof, and each surrendered certificate shall be cancelled and retired. In the event that less than all of the shares represented by any such certificate are redeemed, a new certificate shall be issued representing the unredeemed shares.
(c) Dividends on the Preferred Stock called for redemption shall cease to accumulate on the Redemption Date, and the holders of such shares redeemed shall cease to have any further rights with respect thereto on the Redemption Date.
(d) If, at the time of any redemption pursuant to this Section 6, the funds of the Company legally available for redemption of Preferred Stock are insufficient to redeem the number of shares required to be redeemed, those funds which are legally available shall be used to redeem the maximum possible number of such shares, pro rata based upon the number of shares to be redeemed. At any time thereafter when additional funds of the Company become legally available for the redemption of Preferred Stock, such funds shall immediately be used to redeem the balance of the shares of...
Redemption of Preferred Stock. As promptly as it is permitted to do so under the terms thereof, MediaOne will call for redemption and redeem the MediaOne Series C Preferred Stock and the MediaOne Series D Preferred Stock in accordance with the terms thereof.
Redemption of Preferred Stock. Subject to the consent of Acquiror (which shall not be unreasonably withheld or delayed), Tenneco may at any time hereafter, prior to the Effective Time, redeem the $4.50 Preferred Stock and/or the $7.40 Preferred Stock in accordance with their respective terms. 8
Redemption of Preferred Stock. Adaptive hereby agrees, subject to the conditions set forth herein, to accept the following in lieu of receiving cash for the full Redemption of its 3,500 shares of Preferred Stock: (a) a 12% Secured Debenture in the principal amount of $3,000,000, in the form attached hereto as Exhibit A (the “Debenture”), (b) a warrant to purchase 500,000 shares of Common Stock, exercisable until November 30, 2021, with an exercise price equal to 10% below the thirty (30) day volume weighted average closing price of the Company’s Common Stock at Closing, in the form attached hereto as Exhibit B (the “Warrant” and together with the Debenture, sometimes referred to as the “Securities”) and (c) $500,000 in cash to be paid to Adaptive by the Company at Closing by wire transfer of immediately available funds.
Redemption of Preferred Stock. The Company shall have effected the redemption of all issued and outstanding shares of the Company's Class II Serial Preferred Stock in accordance with the terms of such preferred stock prior to the record date to be established by the Board for the special meeting of stockholders to approve the Merger.
Redemption of Preferred Stock. Company shall use its reasonable best efforts to redeem all outstanding shares of preferred stock of Company, par value $1.00 per share (the “Company Preferred Stock”), in accordance with the restated certificate of incorporation, as amended, of Company prior to the date of the Stockholders’ Meeting.
Redemption of Preferred Stock. (1) Prior to the Separation, AFC Gamma shall redeem all outstanding shares of its 12.0% Series A Cumulative Non-Voting Preferred Stock (the “AFC Gamma Preferred Stock”) for cash at a price per share of AFC Gamma Preferred Stock of $1,000 plus all accrued and unpaid dividends thereon to and including the date fixed for redemption.
Redemption of Preferred Stock. Notwithstanding the provisions of paragraphs 5 and 6 of Article Fifth of the Amended Charter, there shall be no redemption of Preferred Stock held by LGII or its Affiliates without the consent of LGII and BCP.
Redemption of Preferred Stock. On the Firm Closing Date, the Company and VII shall redeem the Series J 24% Cumulative Convertible Preferred Stock, assuming receipt of the appropriate waiver of the 10 day conversion period from the holder thereof, and Series C 24% Cumulative Preferred Stock and Series D 24% Cumulative Preferred Stock, respectively, and pay all accrued dividends thereon and prior to the Firm Closing Date, the Company and VII shall have taken the steps necessary, including but not limited to notice required under the respective certificates of designation, to permit such redemption.
Redemption of Preferred Stock. If, at any time, any shares of Preferred Stock are redeemed, repurchased or otherwise acquired (whether by exercise of a put or call, automatically or by means of another arrangement) by the Managing Member for cash, then, immediately prior to such redemption, repurchase or acquisition of Preferred Stock, the Company shall purchase an equal number of Company Equivalent Units held by the Managing Member that correspond to the class or series of Preferred Stock so redeemed, repurchased or acquired upon the same terms and for the same price per Company Equivalent Unit, as such shares of Preferred Stock are redeemed, repurchased or acquired.
