RIGHT/OBLIGATION TO REDEEM Sample Clauses

RIGHT/OBLIGATION TO REDEEM. The holders of Class C Special Shares shall be entitled to require the Corporation to redeem at any time, upon giving notice as hereinafter provided, all or any number of the Class C Special Shares registered in the name of such holders on the books of the Corporation. The holders of Class C Special Shares exercising their option to have the Corporation redeem, shall give notice to the Corporation setting out the date on which the Corporation is to redeem the shares, which date shall be not less than 10 days from the date of the notice, and if the holders desire to have less than all the Class C Special Shares registered in their names redeemed by the Corporation, the number of the shares of the holders to be redeemed. The date on which the redemption at the option of the holders is to occur shall be the option redemption date. The holders of any Class C Special Shares may, with the consent of the Corporation, revoke such notice prior to the option redemption date. Upon delivery to the Corporation of a share certificate or certificates representing the Class C Special Shares which the holders desire the Corporation to redeem (if any such share certificates have been issued by the Corporation), the Corporation shall on the option redemption date, to the extent permitted by applicable law, redeem such Class C Special Shares by paying to the holders the amount of the Redemption Price. Upon payment of the Redemption Price of the Class C Special Shares so redeemed by the Corporation, the holder thereof shall not be entitled to exercise any of the rights of shareholders in respect thereof.
Sample 1
AutoNDA by SimpleDocs
RIGHT/OBLIGATION TO REDEEM. The Corporation shall, immediately following an Acquisition, redeem all of the then outstanding Class A Special Shares at the Redemption Price. The Corporation shall not be required to give any notice of redemption in connection therewith. If the redemption by the Corporation of all of the then outstanding Class A Special Shares would be contrary to applicable law, the Corporation shall redeem the maximum number of Class A Special Shares (rounded to the next lower multiple of 100 shares) which the Corporation is then permitted to redeem, such redemption to be made on a pro rata basis (disregarding fractions of shares) among all registered holders of Class A Special Shares in accordance with the number of shares held by each of them, respectively. From time to time thereafter, as soon as permitted by applicable law, the Corporation shall redeem the maximum number of then outstanding Class A Special Shares as would not be contrary to applicable law, MUTATIS MUTANDIS, in accordance with the foregoing provisions of this subsection.
Sample 1
RIGHT/OBLIGATION TO REDEEM. The Corporation may, following an Acquisition, redeem all of the then outstanding Class C Special Shares at the Redemption Price. The Corporation shall be required to give not less than 5 days and not more than 30 days notice in writing of the intention of the Corporation to redeem the Class C Special Shares. Such notice shall be given by posting the same in a postage paid envelope addressed to each holder at the last address of such holder as it appears on the applicable securities register of ATCOR when the Amalgamation became effective or as it appears on the Transmittal and Election Form. If the redemption by the Corporation of all of the then outstanding Class C Special Shares would be contrary to applicable law, the Corporation shall redeem the maximum number of Class C Special Shares (rounded to the next lower multiple of 100 shares) which the Corporation is then permitted to redeem, such redemption to be made on a pro rata basis (disregarding fractions of shares) among all registered holders of Class C Special Shares in accordance with the number of shares held by each of them, respectively. From time to time thereafter, as soon as permitted by applicable law, the Corporation shall redeem the maximum number of then outstanding Class C Special Shares as would not be contrary to applicable law, MUTATIS MUTANDIS, in accordance with the foregoing provisions of this subsection.
Sample 1

Related to RIGHT/OBLIGATION TO REDEEM

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.

  • Election to Redeem; Notice to Trustee The election of the Company to redeem any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers' Certificate evidencing compliance with such restriction.

  • Right of the Company to Redeem the Notes The Company will have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Indenture.

  • Right to Redeem; Notices to Trustee 20 SECTION 3.02 Selection of Securities to Be Redeemed...........................20 SECTION 3.03

  • Election To Redeem; Notices to Trustee If the Issuer elects to redeem Notes pursuant to paragraph 6 of the Notes, at least 45 days prior to the Redemption Date (unless a shorter notice shall be agreed to in writing by the Trustee) but not more than 65 days before the Redemption Date, the Issuer shall notify the Trustee in writing of the Redemption Date, the principal amount of Notes to be redeemed and the redemption price, and deliver to the Trustee an Officers’ Certificate stating that such redemption will comply with the conditions contained in paragraph 6 of the Notes. Notice given to the Trustee pursuant to this Section 3.01 may not be revoked after the time that notice is given to Holders pursuant to Section 3.03.

  • Unconditional Right of Holders to Receive Payment Notwithstanding any other provision in this Indenture and any other provision of any Note, the right of any Holder of any Note to receive payment of the principal of, premium, if any, and interest on such Note on or after the respective Stated Maturities (or the respective Redemption Dates, in the case of redemption) expressed in such Note, or after such respective dates, shall not be impaired or affected without the consent of such Holder. ARTICLE SIX

  • Unconditional Right of Holders to Receive Principal and Interest Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

  • Unconditional Right of Holders to Receive Principal Premium and Interest Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Sections 305 and 307) interest on such Security on the respective Stated Maturity expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

  • Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), and, if the terms of such Security so provide, to convert such Security in accordance with its terms, and to institute suit for the enforcement of any such payment and, if applicable, any such right to convert, and such rights shall not be impaired without the consent of such Holder.

  • Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change Subject to the other terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!