Right to Redeem Sample Clauses

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.
AutoNDA by SimpleDocs
Right to Redeem. The Board 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 $0.01 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 Stock (based on the “current per share market price,” determined pursuant to Section 11.4, of the Common Stock at the time of redemption), cash or any other form of consideration deemed appropriate by the Board. The redemption of the Rights by the Board may be made effective at such time, on such basis and subject to such conditions as the Board in its sole discretion may establish.
Right to Redeem. The Board may, at its option, at any time prior to the earlier of (i) the Distribution Date or (ii) the Close of Business on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the Rights Dividend Declaration Date (such redemption price, the “Redemption Price”). Notwithstanding anything to the contrary in this Agreement, the Rights will not be exercisable after the first occurrence of a Section 11(a)(ii) Event until such time as the Company’s right of redemption pursuant to this Section 23 has expired. The Company may, at its option, pay the Redemption Price in Common Shares (based on the Current Per Share Market Price of Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board, in its sole discretion, to be at least equivalent to the Redemption Price. Such redemption of the Rights by the Board may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. The date on which the Board elects to make the redemption effective is referred to as the “Redemption Date.”
Right to Redeem. (a) The Securities may be redeemed in whole or in part at the option of the Company: (1) on or after November 15, 2019, if the Closing Price of the Company’s Common Stock has been at least 150% of Conversion Price then in effect for at least 20 Trading Days during the 30 consecutive Trading Day period immediately preceding the date on which the Company provides notice of redemption; and (2) on or prior to November 15, 2010, if any Tax Triggering Event has occurred. (b) The redemption price at which the Securities are redeemable (the “Redemption Price”) shall be payable in cash and shall be equal to: (1) in the case of a redemption pursuant to Section 11.01(a)(1), 100% of the principal amount of Securities to be redeemed, together with accrued and unpaid interest (including Contingent Interest and Additional Interest, if any) to, but excluding, the Redemption Date; provided, however, that if Securities are redeemed on a date that is after a Record Date and prior to the corresponding Interest Payment Date, accrued and unpaid interest (including any Contingent Interest and Additional Interest, if any) will be payable to the Holder of record as of such Record Date. (2) in the case of a redemption pursuant to Section 11.01(a)(2), 101.5% of the principal amount of the Securities being redeemed plus (A) accrued and unpaid interest (including Additional Interest, if any) to, but excluding, the Redemption Date and (B) if the Redemption Conversion Value as of the Redemption Date of the Securities being redeemed exceeds their Initial Conversion Value, 95% of the amount determined by subtracting the Initial Conversion Value of such Securities from their Redemption Conversion Value as of the Redemption Date; provided, however, that if Securities are redeemed on a date that is after a Record Date and prior to the corresponding Interest Payment Date, accrued and unpaid interest (including any Contingent Interest and Additional Interest, if any) will be payable to the Holder of record as of such Record Date. (c) The Company may not redeem any Securities unless all accrued and unpaid interest (including Contingent Interest and Additional Interest, if any) thereon has been or is simultaneously paid for all semi-annual periods or portions thereof terminating prior to the Redemption Date. (d) Except as provided in this Section 11.01, the Securities shall not be redeemable by the Company.
Right to Redeem. (a) Notwithstanding any provision of the Base Indenture, as modified by this Sixth Supplemental Indenture, to the contrary, the Company may redeem the Notes prior to May 15, 2038, in whole, in order to preserve the Company’s status as a real estate investment trust under the Code. (b) Except as provided in Section 3.01(a), the Company may not redeem the Notes prior to May 20, 2013. On or after May 20, 2013, the Company, at its option, may redeem the Notes from time to time in whole or in part. (c) Any redemption of Notes shall be at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest; provided, however, that the Company may deduct and withhold from such Redemption Price any amount required to be deducted and withheld under applicable law.
Right to Redeem. The Company may, at its option, redeem the Warrants in whole or in part on a pro rata basis for a redemption price of $.05 per Warrant (the "Redemption Price") on 45 days prior written notice to the Warrant Holders. The right to redeem the Warrants may be exercised by the Company only in the event (i) the closing bid price or closing sale price, as the case may be, for the Common Stock has exceeded the Exercise Price by at least 50% during a period of at least 20 of the 30 trading days immediately preceding the date of mailing of the notice of redemption, (ii) the Company has in effect a current registration statement (or a post-effective amendment to an existing registration statement) with the Commission registering the Warrant Shares, and (iii) the expiration of the 45 days notice period is within the Exercise Period. In the event the Company exercises its right to redeem the Warrants, the Expiration Date will be deemed to be, and the Warrants will be exercisable until the close of business on, the date fixed for redemption in such notice (the "Redemption Date"). If any Warrant called for redemption is not exercised by such time, it will cease to be exercisable and the Warrant Holder thereof will be entitled only to the Redemption Price.
Right to Redeem. The Board of Directors of the Company may, at its option, at any time prior to the close of business on the tenth day following the Shares Acquisition Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.01 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 preceding sentence notwithstanding, prior to the expiration of the period during which the Rights may be redeemed as specified therein (or such longer period as the Board of Directors of the Company may select pursuant to this sentence), the Board of Directors of the Company may extend, one or more times, the period during which the Rights may be redeemed beyond the close of business on the tenth day following the Shares Acquisition Date. 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. Notwithstanding anything contained in this Agreement to the contrary, the Rights shall not be exercisable following a transaction or event described in Section 11.1.2 prior to the expiration or termination of the Company’s right of redemption hereunder.
AutoNDA by SimpleDocs
Right to Redeem. Tenant waives all rights to redeem under any law of the State of New York.
Right to Redeem. The Board of Directors of the Company may, at its option, at any time prior to the occurrence of 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 with such conditions as the Board of Directors in its sole discretion may establish. The Company may, at its option, pay the Redemption Price in cash, Common Shares (based on the current per share market price at the time of the redemption) or any other form of consideration deemed appropriate by the Board of Directors. Anything contained in this Rights Agreement to the contrary notwithstanding, the Rights shall not be exercisable following a transaction or event described in Section 11.1.2 prior to the expiration of the Company's right of redemption hereunder.
Right to Redeem. A Unitholder shall be entitled, subject as hereinafter provided, to require payment of the Series Net Asset Value per Unit of all or any of his Units of a Fund by giving written notice to the Manager, in such form as the Manager, from time-to-time, may prescribe, which notice shall contain a clear request by the Unitholder or its agent that a specified number and series, if applicable, of Units of that Fund be redeemed or the dollar amount which the Unitholder requires to be paid, and shall, subject to any rights of withdrawal provided for in this Section 5, be irrevocable. The requirement for a written request for redemption may be waived by the Manager in which event a verbal request for redemption to the Manager shall be sufficient for the purposes of this Article. A redemption request, properly completed, must reach the Manager at its offices not later than 1:00 p.m. Vancouver time on the Valuation Day in order to receive that day’s Series Net Asset Value. All Units which a Fund is required to redeem shall be deemed to be outstanding until payment therefor is made in accordance with this Article 5. The Manager, acting in its sole discretion, may effect the compulsory redemption of all or some of the Units registered in the name of a Unitholder.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!