Common use of Rights Subsequent to Redemption Clause in Contracts

Rights Subsequent to Redemption. If on the Fundamental Redemption Date the Redemption Price payable upon redemption of the shares of the Series D Preferred Stock 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 Series D Preferred Stock so called for redemption shall not have been surrendered, dividends with respect to such shares of Series D Preferred Stock shall cease to accrue after such Redemption Date and all rights with respect to such shares shall forthwith after the Fundamental Redemption Date terminate, except only the right to the holders to receive the Redemption Price without interest upon surrender of their certificate or certificates therefor.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrant Purchase Agreement (Idera Pharmaceuticals, Inc.)

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Rights Subsequent to Redemption. If on the Fundamental applicable Redemption Date the Redemption Price payable upon redemption of the shares of the Series D A Preferred Stock 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 Series D A Preferred Stock so called for redemption shall not have been surrendered, no dividends with having a record date occurring after the Redemption Date shall be paid in respect to of such shares of Series D A Preferred Stock shall cease to accrue after such Redemption Date and all rights with respect to such shares shall forthwith after the Fundamental Redemption Date terminate, except only the right to of the holders Holders to receive the Redemption Price without interest upon surrender of their certificate or certificates therefor.

Appears in 1 contract

Samples: Stock Purchase Agreement (Regeneron Pharmaceuticals, Inc.)

Rights Subsequent to Redemption. If the Redemption Notice shall have been duly given, and if on the Fundamental Redemption Date the Redemption Price payable upon redemption of the shares of the Series D Preferred Stock 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 Series D Preferred Stock so called for redemption shall not have been surrendered, dividends with respect to such shares of Series D Preferred Stock shall cease to accrue after such Redemption Date and all rights with respect to such shares shall forthwith after the Fundamental Redemption Date terminate, except only the right to of the holders to receive the Redemption Price without interest upon surrender of their certificate or certificates therefor.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrant Purchase Agreement (Idera Pharmaceuticals, Inc.)

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Rights Subsequent to Redemption. If on the Fundamental applicable Redemption Date the Redemption Price payable upon redemption of the shares of the Series D Kayne Preferred Stock 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 any certificates evidencing any of the shares of Series D Kayne Preferred Stock so called for redemption shall not have been surrendered, dividends with respect to such shares of Series D Kayne Preferred Stock shall cease to accrue after such Redemption Date and all rights with respect to such shares shall forthwith after the Fundamental Redemption Date terminate, except only the right to of the holders to receive the Redemption Price without interest upon surrender of their any such certificate or certificates therefor.

Appears in 1 contract

Samples: Merger Agreement (Hyde Park Acquisition Corp. II)

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