Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. Upon the occurrence of a “Change of Control”, the Issuer may, at its option, redeem the Series D Preferred Shares, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (defined below), the Issuer exercises any of its redemption rights relating to the Series D Preferred Shares (whether the optional redemption right or the special optional redemption right), the holders of Series D Preferred Shares will not have the conversion rights described below.

Appears in 2 contracts

Samples: Underwriting Agreement (Winthrop Realty Trust), Underwriting Agreement (Winthrop Realty Trust)

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Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D I Preferred Shares, in whole or in part and within 120 days on or after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D I Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D I Preferred Shares will not have the conversion rights right described belowabove.

Appears in 1 contract

Samples: Underwriting Agreement (Sunstone Hotel Investors, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D Preferred Shares, in whole or in part and within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D Preferred Shares investors will not have the conversion rights right described belowabove.

Appears in 1 contract

Samples: Underwriting Agreement (Sunstone Hotel Investors, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D A Preferred Shares, in whole or in part and within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, to and including the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D H Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D Preferred Shares investors will not have the conversion rights right described belowabove.

Appears in 1 contract

Samples: Underwriting Agreement (LaSalle Hotel Properties)

Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D E Preferred Shares, in whole or in part and within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, distributions to but not including, excluding the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D E Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D Preferred Shares investors will not have the conversion rights Change of Control Conversion Right described belowabove.

Appears in 1 contract

Samples: Purchase Agreement (CommonWealth REIT)

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Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D H Preferred Shares, in whole or in part and within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D H Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D H Preferred Shares to which such notice of redemption relates will not have the conversion rights right described belowabove and such Series H Preferred Shares will instead be redeemed in accordance with such notice.

Appears in 1 contract

Samples: Purchase Agreement (Pebblebrook Hotel Trust)

Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D F Preferred Shares, in whole or in part and within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D F Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D F Preferred Shares will not have the conversion rights right described belowabove.

Appears in 1 contract

Samples: Underwriting Agreement (Sunstone Hotel Investors, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control, the Issuer may, at its option, redeem the Series D Preferred Shares, in whole or in part and within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating with respect to the Series D Preferred Shares (whether pursuant to the Issuer’s optional redemption right or the its special optional redemption right), the holders of Series D Preferred Shares to which such notice of redemption relates will not have the conversion rights right described belowabove and such Series D Preferred Shares will instead be redeemed in accordance with such notice.

Appears in 1 contract

Samples: Purchase Agreement (Pebblebrook Hotel Trust)

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