Common use of REPURCHASE OR REDEMPTION OF SHARES Clause in Contracts

REPURCHASE OR REDEMPTION OF SHARES. The Board may not authorize the Corporation to repurchase or redeem, and the Corporation may not repurchase or redeem, any of its outstanding shares at any time or from time to time, except for a nominal amount with the prior written approval of LSO and the shareholder whose shares are being repurchased or redeemed.