Redemption of Series B Preferred Stock Sample Clauses

Redemption of Series B Preferred Stock. Whenever the Corporation shall be permitted and shall elect to redeem shares of Series B Preferred Stock in accordance with the terms of the Certificate of Designation (including on account of a regulatory capital treatment event, as described therein), it shall (unless otherwise agreed to in writing with the Depositary) give or cause to be given to the Depositary, not less than 30 days and not more than 60 days prior to the Redemption Date (as defined below), notice of the date of such proposed redemption of Series B Preferred Stock and of the number of such shares held by the Depositary to be so redeemed and the applicable redemption price, and the place or places where the certificates evidencing such shares, if any, are to be surrendered for payment of the redemption price, which notice shall be accompanied by a certificate from the Corporation stating that such redemption of Series B Preferred Stock is in accordance with the provisions of the Certificate of Designation. On the date of such redemption, provided that the Corporation shall then have paid or caused to be paid in full to the Depositary the redemption price of the Series B Preferred Stock to be redeemed, as determined in accordance with the provisions of the Certificate of Designation, the Depositary shall redeem the number of Depositary Shares representing such Series B Preferred Stock. Notice of the Corporation’s redemption of Series B Preferred Stock and the proposed simultaneous redemption of the number of Depositary Shares representing the Series B Preferred Stock to be redeemed shall be (1) mailed by first-class mail, postage prepaid, at the respective last addresses as they appear on the records of the Depositary, or (2) transmitted by such other method approved by the Depositary, in its reasonable discretion, in either case not less than 30 days and not more than 60 days prior to the date fixed for redemption of such Series B Preferred Stock and Depositary Shares (the “Redemption Date”), to the Record Holders of the Receipts evidencing the Depositary Shares to be so redeemed; but neither the failure to mail nor the failure to transmit any such notice of redemption of Depositary Shares to one or more such Record Holders nor any defect in any notice of redemption of Depositary Shares to one or more such Record Holders shall affect the sufficiency of the proceedings for redemption as to the other Record Holders. Each such notice shall be prepared by the Corporation and shall state: (i)...
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Redemption of Series B Preferred Stock. In accordance with Section E.6.4 of Article Four of the Charter, effective upon the Closing, and without the requirement of any further action on the part of the Company or any Investor, the Company shall redeem each of the shares of Series B Preferred Stock owned by the Investors, and each of the Investors shall tender its respective shares of Series B Preferred Stock to the Company, for the following consideration: for each share of Series B Preferred Stock owned by an Investor which is redeemed pursuant to this Section 1.3, the Company shall (i) pay to such Investor an amount in cash equal to the Preferred Stock Cash Redemption Amount, and (ii) shall issue to such Investor a number of shares equal to the quotient obtained by dividing (x) the excess of Series B Redemption Price (as defined in the Charter) calculated as of the date of the Closing over the Preferred Stock Cash Redemption Amount, by (y) the Applicable Price.
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Redemption of Series B Preferred Stock. At the Effective Time and immediately after the conversion of Company Common Stock pursuant to Section 1.7(a)(i), each share of Series B Preferred Stock issued and outstanding immediately prior to the Effective Time shall, without any action on the part of the holder thereof, be redeemed and cancelled pursuant to Section 3(c)(i) of the Company Certificate of Incorporation for a redemption price of $1.00 which shall be paid by delivering a Company check in such amount to the address of the record holder of such share by overnight courier promptly following the Closing.
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Redemption of Series B Preferred Stock. On the date of this Indenture, the Company shall issue a notice of redemption pursuant to the requirements of the certificate of designation governing the rights of the Company's Series B Preferred Stock and, as soon as practicable after the first day that redemption is permitted under such certificate of designation, and in any event within 60 days following the giving of such notice, shall redeem all of the Company's outstanding Series B Preferred Stock.
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Redemption of Series B Preferred Stock. All the outstanding shares of the Company's Series B Preferred Stock, par value $.01 per share, together with all accrued and unpaid dividends payable thereon through the date of redemption, shall have been redeemed by the Company for an aggregate redemption price of $1,336,575.
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Redemption of Series B Preferred Stock. If the Corporation redeems the shares of Series B Preferred Stock held by the Depositary pursuant to Section 6 of the Statement of Resolution, the Depositary shall, on the same date, redeem the Depositary Shares representing such shares of Series B Preferred Stock from the cash (in accordance with Section 4.01) and/or shares of Common Stock (in accordance with Section 4.02), as applicable, received by the Depositary in connection with the redemption of such shares of Series B Preferred Stock (applied pro rata in respect of such Depositary Shares). Other than as set forth in this Section 2.05, the Series B Preferred Stock and the Receipts shall not be subject to redemption. The Corporation may, to the extent permitted by law and the terms of the Series B Preferred Stock, and directly or indirectly, repurchase Receipts with respect to lots of 20 Depositary Shares or integral multiples thereof in the open market or otherwise, whether directly, through its Subsidiaries or through a private or public tender or exchange offer or through counterparties to private agreements.
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Redemption of Series B Preferred Stock. The Company shall take all necessary action to redeem the Series B Preferred Stock in accordance with Section 7(g) of the Series B Certificate. Without limiting the foregoing, promptly following the date hereof and in any event within five (5) Business Days following the date hereof, the Company shall provide a notice of redemption of the Series B Preferred Stock in accordance with Section 7(g) of the Series B Certificate, which notice shall state that all issued and outstanding shares of Series B Preferred Stock will be redeemed in accordance with the terms of Section 7(g) of the Series B Certificate on the date (the “Redemption Date”) specified in such notice (which shall be thirty (30) days following the delivery of such redemption notice), and thereafter, on the Redemption Date, the Company shall redeem all of the issued and outstanding shares of Series B Preferred Stock in accordance with the terms of the redemption notice and the Series B Certificate.
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Redemption of Series B Preferred Stock 
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Related to Redemption of Series B Preferred Stock

  • Preferred Stock Shares of Preferred Stock may be issued from time to time in one or more series, each of such series to have such terms as stated or expressed herein and in the resolution or resolutions providing for the creation and issuance of such series adopted by the Board of Directors as hereinafter provided. Authority is hereby expressly granted to the Board of Directors from time to time to issue the Preferred Stock in one or more series, and in connection with the creation of any such series, by adopting a resolution or resolutions providing for the issuance of the shares thereof and by filing a certificate of designation relating thereto in accordance with the DGCL (a “Certificate of Designation”), to determine and fix the number of shares of such series and such voting powers, full or limited, or no voting powers, and such designations, preferences and relative participating, optional or other special rights, and qualifications, limitations or restrictions thereof, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences, and to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series as shall be stated and expressed in such resolutions, all to the fullest extent now or hereafter permitted by the DGCL. Without limiting the generality of the foregoing, the resolution or resolutions providing for the creation and issuance of any series of Preferred Stock may provide that such series shall be superior or rank equally or be junior to any other series of Preferred Stock to the extent permitted by law and this Second Amended and Restated Certificate (including any Certificate of Designation). Except as otherwise required by law, holders of any series of Preferred Stock shall be entitled only to such voting rights, if any, as shall expressly be granted thereto by this Second Amended and Restated Certificate (including any Certificate of Designation). The number of authorized shares of Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the stock of the Corporation entitled to vote, irrespective of the provisions of Section 242(b)(2) of the DGCL.

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