Common use of Redemption on Change of Control Clause in Contracts

Redemption on Change of Control. Upon a "Change of Control" of the Corporation, each holder of the then outstanding shares of Series A Stock may elect to have the Corporation redeem all (but not less than all) outstanding shares of Series A Stock owned by such holder at the Redemption Price per share, payable in cash on any date within 100 days of the effective date of the Change of Control (such date being herein referred to as the "Change of Control Redemption Date"). The election shall be made by delivering written notice to the Corporation at least thirty (30) but no more than sixty (60) days prior to the Change of Control Redemption Date. The Corporation will then be required to redeem all the shares of Series A Stock owned by such holder on the Change of Control Redemption Date. For purposes of this Section, "Change of Control" means any one or more of the following events:

Redemption on Change of Control. Upon a "Change of Control" of the Corporation, each holder of the then outstanding shares of Series A C Stock may elect to have the Corporation redeem all (but not less than all) outstanding shares of Series A C Stock owned by such holder at the "Redemption Price Price" per shareshare defined in paragraph (c) below, payable in cash on any date within 100 days of the effective date of the Change of Control (such date being herein referred to as the "Change of Control Redemption Date"). The election shall be made by delivering written notice to the Corporation at least thirty (30) but no more than sixty (60) days prior to the Change of Control Redemption Date. The Corporation will then be required to redeem all the shares of Series A C Stock owned by such holder on the Change of Control Redemption Date. For purposes of this SectionSection 7, "Change of Control" means any one or more of the following events:

Redemption on Change of Control. Upon a "Change of Control" of the Corporation, each holder of the then outstanding shares of Series A D Stock may elect to have the Corporation redeem all (but not less than all) outstanding shares of Series A D Stock owned by such holder at the "Redemption Price Price" per shareshare defined in paragraph (c) below, payable in cash on any date within 100 days of the effective date of the Change of Control (such date being herein referred to as the "Change of Control Redemption Date"). The election shall be made by delivering written notice to the Corporation at least thirty (30) but no more than sixty (60) days prior to the Change of Control Redemption Date. The Corporation will then be required to redeem all the shares of Series A D Stock owned by such holder on the Change of Control Redemption Date. For purposes of this SectionSection 7, "Change of Control" means any one or more of the following events:

Redemption on Change of Control. Upon a "Change of Control" of the Corporation, each holder of the then outstanding shares of Series A B Stock may elect to have the Corporation redeem all (but not less than all) outstanding shares of Series A B Stock owned by such holder at the "Redemption Price Price" per shareshare defined in paragraph (c) below, payable in cash on any date within 100 days of the effective date of the Change of Control (such date being herein referred to as the "Change of Control Redemption Date"). The election shall be made by delivering written notice to the Corporation at least thirty (30) but no more than sixty (60) days prior to the Change of Control Redemption Date. The Corporation will then be required to redeem all the shares of Series A B Stock owned by such holder on the Change of Control Redemption Date. For purposes of this SectionSection 7, "Change of Control" means any one or more of the following events: