Common use of Redemption Payments Clause in Contracts

Redemption Payments. For each share of Series B-2 Preferred which is to be redeemed hereunder, the Corporation shall be obligated on the 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 Redemption Value. If the funds of the Corporation legally available for redemption of Series B-2 Preferred 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 Series B-2 Preferred. At any time thereafter when additional funds of the Corporation are legally available for the redemption of Series B-2 Preferred, such funds shall immediately be used to redeem the balance of the shares which the Corporation has become obligated to redeem but which it has not redeemed.

Redemption Payments. For each share of Series B-2 Preferred Redeemable Share which is to be redeemed hereunder, the Corporation shall be obligated on the 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 Redemption Value. If the funds of the Corporation legally available for redemption of Series B-2 Preferred Redeemable Shares 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 Series B-2 PreferredRedeemable Shares to be redeemed. At any time thereafter when additional funds of the Corporation are legally available for the redemption of Series B-2 PreferredRedeemable Shares, such funds shall immediately be used to redeem the balance of the shares which the Corporation has become obligated to redeem but which it has not redeemed.

Redemption Payments. For each share of Series B-2 Preferred Stock which is to be redeemed hereunder, the Corporation shall be obligated on the 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 Redemption Value. If the funds of the Corporation legally available for redemption of Series B-2 Shares of Preferred Stock 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 Series B-2 Preferred. At Shares of Preferred Stock to be redeemed as set forth on Annex A and any time thereafter when additional funds remaining shares of Preferred Stock shall be deemed automatically to have been surrendered to the Corporation are legally available for the redemption of Series B-2 Preferred, such funds shall immediately be used to redeem the balance of the shares which the Corporation has become obligated to redeem but which it has not redeemedwithout further consideration.

Redemption Payments. For each share of Series B-2 Convertible Preferred which is to be redeemed hereunder, the Corporation shall be obligated on the 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 Redemption Value. If the funds of the Corporation legally available for redemption of Series B-2 Convertible Preferred 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 Series B-2 Convertible Preferred. At any time thereafter when additional funds of the Corporation are legally available for the redemption of Series B-2 Convertible Preferred, such funds shall immediately be used to redeem the balance of the shares which the Corporation has become obligated to redeem but which it has not redeemed.