Rights Subsequent to Redemption. If the Redemption Notice shall have been duly given, and if on the applicable Redemption Date the Redemption Price payable upon redemption of the shares of Preferred Shares to be redeemed on such Redemption Date is paid or tendered for payment or deposited with an independent payment agent so as to be available therefor in a timely manner, then notwithstanding that the certificates evidencing any of the shares of Preferred Shares, if such Shares are in certificated form, so called for redemption shall not have been surrendered, dividends with respect to such shares of Preferred Shares shall cease to accrue after such Redemption Date and all rights with respect to such shares shall forthwith after the Redemption Date terminate, except only the right of the holders to receive the Redemption Price without interest upon surrender of their certificate or certificates therefor, if such Shares are in certificated form.
Appears in 3 contracts
Samples: Operating Agreement (Pandion Therapeutics Holdco LLC), Operating Agreement (Pandion Therapeutics Holdco LLC), Operating Agreement (Pandion Therapeutics Holdco LLC)
Rights Subsequent to Redemption. If the Applicable Redemption Notice shall have been duly given, and if on the applicable Applicable Redemption Date Date, the Applicable Redemption Price payable upon redemption of the shares of Preferred Shares Stock to be redeemed on such Applicable Redemption Date is paid or tendered for payment or deposited with an independent payment agent so as to be available therefor in a timely mannertherefor, then notwithstanding that the certificates evidencing any of the shares of Preferred Shares, if such Shares are in certificated form, Stock so called for redemption shall not have been surrendered, dividends with respect to such shares of Preferred Shares Stock shall cease to accrue accumulate after such Applicable Redemption Date and all rights with respect to such shares shall forthwith after the such Applicable Redemption Date terminate, except only the right of the holders to receive the Applicable Redemption Price without interest upon surrender of their certificate or certificates therefor, if such Shares are in certificated form.
Appears in 1 contract
Samples: Backstop Securities Agreement (Rehabcare Group Inc)
Rights Subsequent to Redemption. If the Redemption Notice shall have been duly given, and if on the applicable Redemption Date the applicable Redemption Price payable upon redemption of the shares of Series C Preferred Shares Stock, Series C-1 Preferred Stock or Preferred Stock, as the case may be, to be redeemed on such Redemption Date is paid or tendered for payment or deposited with an independent payment agent so as to be available therefor in a timely mannertherefor, then notwithstanding that the certificates evidencing any of the shares of Preferred Shares, if such Shares are in certificated form, Stock so called for redemption shall not have been surrendered, dividends with respect to such shares of Preferred Shares Stock shall cease to accrue after such Redemption Date and all rights with respect to such shares shall forthwith after the Redemption Date terminate, except only the right of the holders to receive the applicable Redemption Price without interest upon surrender of their certificate or certificates therefor, if such Shares are in certificated form.
Appears in 1 contract
Samples: Series C 1 Preferred Stock and Warrant Purchase Agreement (Glori Acquisition Corp.)