Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below), the Issuer may, at its option, redeem the Series A Preferred Stock, 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 (as defined below), the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Samples: Underwriting Agreement (DiamondRock Hospitality Co)

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Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below), the Issuer may, at its option, redeem the Series series A Preferred Stockpreferred stock, 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 (as defined below), the Issuer exercises any of its redemption rights relating to the Series series A Preferred Stock preferred stock (whether the optional redemption right or the special optional redemption right), the holders of Series series A Preferred Stock preferred stock will not have the conversion rights described below.

Appears in 1 contract

Samples: Underwriting Agreement (Spirit Realty, L.P.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined belowbelow under “Conversion Rights”), the Issuer may, at its option, redeem the Series A Preferred StockB preferred stock, 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 accumulated and unpaid dividends to, but not including, the date of redemption. The Issuer refers to this redemption as a ‘‘special optional redemption.’’ If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock B preferred stock (whether the its optional redemption right or the its special optional redemption right), the holders of Series A Preferred Stock B preferred stock will not have be permitted to exercise the conversion rights right described belowbelow in respect of their shares called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (CapLease, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control/Delisting”, the Issuer may, at its option, redeem the Series A Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control Control/Delisting 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 (as defined below)Date, the Issuer exercises any has provided or provides notice of its redemption rights relating election to redeem the Series A Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Samples: Underwriting Agreement (Innovative Industrial Properties Inc)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control”, the Issuer may, at its option, redeem the Series A Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying for cash, at a redemption price of $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 (as defined below)Date, the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Samples: Underwriting Agreement (Rexford Industrial Realty, Inc.)

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Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control, the Issuer may, at its option, redeem the Series A Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurredoccurs, 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 (as defined below), the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Samples: Underwriting Agreement (Terreno Realty Corp)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control, the Issuer may, at its option, redeem any or all of the shares of Series A Preferred Stock, in whole or in part Stock within 120 days after the first date on which such Change of Control occurred, by paying occurred at a cash redemption price of $25.00 per share, share plus any accrued accumulated and unpaid dividends to, but not including, the date of redemptionredemption date. If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any has provided notice of its redemption rights relating election to redeem some or all of the Series A Preferred Stock (whether the pursuant to its optional redemption right or the this special optional redemption right), the holders of Series A Preferred Stock will not have the conversion rights right described belowbelow under “Conversion rights” with respect to the shares of Series A Preferred Stock called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital Agency Corp)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control, the Issuer may, at its option, redeem any or all of the shares of Series A C Preferred Stock, in whole or in part Stock within 120 days after the first date on which such Change of Control occurred, by paying occurred at a cash redemption price of $25.00 per share, share plus any accrued accumulated and unpaid dividends to, but not including, the date of redemptionredemption date. If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any has provided notice of its redemption rights relating election to redeem some or all of the Series A C Preferred Stock (whether the pursuant to its optional redemption right or the this special optional redemption right), the holders of Series A C Preferred Stock will not have the conversion rights right described belowbelow under “Conversion rights” with respect to the shares of Series C Preferred Stock called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (Annaly Capital Management Inc)

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