Redemption Payments. For each share of the Series Preferred which is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's principal office of the certificate representing such share) an amount in cash equal to the Series A Liquidation Value or the Series B/B-1 Liquidation Value, as applicable. If the funds of the Corporation legally available for redemption of the Series Preferred on any Scheduled Redemption Date are insufficient to redeem the total number of shares to be redeemed on such date, those funds which are legally available shall be used to redeem the maximum possible number of shares pro rata among the holders of the Series Preferred to be redeemed based upon the aggregate Liquidation Value of such shares of the Series Preferred held by each such holder. At any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series Preferred, such funds shall immediately be used to redeem the balance of the shares which the Corporation has become obligated to redeem on any Scheduled Redemption Date but which it has not redeemed.
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Samples: Series B Preferred Stock Purchase Agreement (Velocom Inc), Supplemental Series B Preferred Stock Purchase Agreement (Velocom Inc), Preferred Stock Purchase Agreement (Velocom Inc)
Redemption Payments. For each share of the Series Preferred Share which is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's ’s principal office of the certificate representing such shareShare) an amount in cash equal to the Series A Liquidation Value or the Series B/B-1 Liquidation Value, as applicableCash Redemption Price for such Redemption Date. If the Corporation is not prohibited under any Funded Debt arrangement, including the Senior Debt and if the funds of the Corporation legally available for redemption of the Series Preferred Shares on any Scheduled Redemption Date are insufficient to redeem the total number of shares Shares to be redeemed on such date, those funds which are legally available shall be used to redeem the maximum possible number of shares Shares pro rata among the holders of the Series Preferred Shares to be redeemed based upon the aggregate Liquidation Value Cash Redemption Price of such shares of the Series Preferred Shares held by each such holder. At any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series PreferredShares, such funds shall immediately be used to redeem the balance of the shares Shares which the Corporation has become obligated to redeem on any Scheduled Redemption Date but which it has not redeemed.”
2. Section 5A of the Series B Certificate of Designations is hereby amended and restated in its entirety to read as follows:
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Redemption Payments. For each share of the Series Class A Preferred Unit which is to be redeemed hereunder, the Corporation LLC shall be obligated on the Scheduled Redemption Date to pay to the holder Unitholder thereof (upon surrender by such holder Unitholder at the CorporationLLC's principal office of the certificate representing such shareClass A Preferred Unit) an amount in cash immediately available funds equal to the Series A Liquidation Value or the Series B/B-1 Liquidation Value, as applicableof such Unit. If the funds of the Corporation LLC legally available for redemption of the Series Class A Preferred Units on any Scheduled Redemption Date are insufficient to redeem the total number of shares Class A Preferred Units to be redeemed on such date, those funds which are legally available shall be used to redeem the maximum possible number of shares Class A Preferred Units pro rata among the holders of the Series Class A Preferred Units to be redeemed based upon the aggregate Liquidation Value of such shares of the Series Class A Preferred Units held by each such holderholder of Class A Preferred Units. At any time thereafter when additional funds of the Corporation LLC are legally available for the redemption of the Series PreferredClass A Preferred Units, such funds shall immediately be used to redeem the balance of the shares such Class A Preferred Units, which the Corporation LLC has become obligated to redeem on any Scheduled Redemption Date Date, but which it has not redeemed.
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Redemption Payments. For each share of the Series A Preferred which Share that is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's ’s principal office of the certificate representing such shareSeries A Preferred Share) an amount in cash equal in immediately available funds as required pursuant to the Series A Liquidation Value or the Series B/B-1 Liquidation Value, as applicableSection 1(c)(1) of Section 1(c)(2). If the funds of the Corporation legally available for redemption of the Series A Preferred Shares on any Scheduled Redemption Date are insufficient to redeem the total number of shares Series A Preferred Shares to be redeemed on such date, those funds which and if there are legally insufficient assets of the Corporation available shall be used to redeem the maximum possible number of shares pro rata among the holders all of the Series A Preferred Shares to be redeemed based upon the aggregate Liquidation Value of such shares of so redeemed, the Series A Preferred held by each such holder. At Shares shall be redeemed on a pro rata basis, and at any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series PreferredA Preferred Shares, such funds shall immediately be used to redeem the balance balance, of the shares which Series A Preferred Shares that the Corporation has become obligated to redeem on any Scheduled Redemption Date but which that it has not redeemedredeemed on a pro rata basis.
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Redemption Payments. For each share of the Series Preferred which is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's principal office of the certificate representing such share) an amount in cash equal to the Series A Liquidation Value or the Series B/B-1 B Liquidation Value, as applicable. If the funds of the Corporation legally available for redemption of the Series Preferred on any Scheduled Redemption Date are insufficient to redeem the total number of shares to be redeemed on such date, those funds which are legally available shall be used to redeem the maximum possible number of shares pro rata among the holders of the Series Preferred to be redeemed based upon the aggregate Liquidation Value of such shares of the Series Preferred held by each such holder. At any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series Preferred, such funds shall immediately be used to redeem the balance of the shares which the Corporation has become obligated to redeem on any Scheduled Redemption Date but which it has not redeemed.
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Samples: Series B Preferred Stock Purchase Agreement (Velocom Inc)
Redemption Payments. For each share of the Series A Preferred which is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled applicable Series A Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's ’s principal office of the certificate representing such shareSeries A Preferred) an amount in cash equal to the applicable Redemption Value due per Series A Liquidation Value or the Series B/B-1 Liquidation Value, as applicablePreferred. If the funds of the Corporation legally available for redemption of the Series A Preferred on any Scheduled Series A Redemption Date are insufficient to redeem the total number of shares Series A Preferred to be redeemed on such date, those funds which are legally available shall be used to redeem the maximum possible number of shares Series A Preferred pro rata among the holders of the Series A Preferred to be redeemed based upon the aggregate Liquidation Redemption Value of such shares of the Series A Preferred held by each such holder. At any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series A Preferred, such funds shall immediately be used to redeem the balance of the shares Series A Preferred which the Corporation has become obligated to redeem on any Scheduled Series A Redemption Date but which it has not redeemed.
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Samples: Securities Purchase Agreement (Avicena Group, Inc.)
Redemption Payments. For each share of the Series A Preferred which Share that is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's ’s principal office of the certificate representing such shareSeries A Preferred Share) an amount in cash equal in immediately available funds as required pursuant to the Series A Liquidation Value or the Series B/B-1 Liquidation Value, as applicableSection 1(c)(1) of Section 1(c)(2). If the funds of the Corporation legally available for redemption of the Series A Preferred Shares on any Scheduled Redemption Date are insufficient to redeem the total number of shares Series A Preferred Shares to be redeemed on such date, those funds which and if there are legally insufficient assets of the Corporation available shall be used to redeem the maximum possible number of shares pro rata among the holders all of the Series A Preferred Shares to be redeemed based upon the aggregate Liquidation Value of such shares of so redeemed, the Series A Preferred held by each such holder. At Shares shall be redeemed on a pro rata basis, and at any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series PreferredA Preferred Shares, such funds shall immediately be used to redeem the balance of the shares which Series A Preferred Shares that the Corporation has become obligated to redeem on any Scheduled Redemption Date but which that it has not redeemedredeemed on a pro rata basis.
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Redemption Payments. For each share of the Series A Preferred which Share that is to be redeemed hereunder, the Corporation shall be obligated on the Scheduled Redemption Date to pay to the holder thereof (upon surrender by such holder at the Corporation's ’s principal office of the certificate representing such shareSeries A Preferred Share) an amount in cash equal in immediately available funds as required pursuant to the Series A Liquidation Value Section 1(c) or the Series B/B-1 Liquidation Value, as applicableSection 1(c)(2). If the funds of the Corporation legally available for redemption of the Series A Preferred Shares on any Scheduled Redemption Date are insufficient to redeem the total number of shares Series A Preferred Shares to be redeemed on such date, those funds which and if there are legally insufficient assets of the Corporation available shall be used to redeem the maximum possible number of shares pro rata among the holders all of the Series A Preferred Shares to be redeemed based upon the aggregate Liquidation Value of such shares of so redeemed, the Series A Preferred held by each such holder. At Shares shall be redeemed on a pro rata basis, and at any time thereafter when additional funds of the Corporation are legally available for the redemption of the Series PreferredA Preferred Shares, such funds shall immediately be used to redeem the balance of the shares which Series A Preferred Shares that the Corporation has become obligated to redeem on any Scheduled Redemption Date but which that it has not redeemedredeemed on a pro rata basis.
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