Common use of Surrender of Certificates; Payment Clause in Contracts

Surrender of Certificates; Payment. On or before the applicable Redemption Date, each holder of shares of Class P Common Stock to be redeemed on such Redemption Date shall, if a holder of shares in certificated form, surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company to indemnify the Company against any claim that may be made against the Company on account of the alleged loss, theft or destruction of such certificate) to the Company, in the manner and at the place designated in the Redemption Notice, and thereupon the applicable redemption price for such shares shall be payable to the order of the person whose name appears on such certificate or certificates as the owner thereof. In the event less than all of the shares of Class P Common Stock represented by a certificate are redeemed, a new certificate, instrument or book entry representing the unredeemed shares of Class P Common Stock shall promptly be issued to such holder.

Appears in 2 contracts

Samples: Stockholders’ Agreement (Carolina Complete Health Network, Inc.), Stockholders’ Agreement (Carolina Complete Health Network, Inc.)

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Surrender of Certificates; Payment. On or before the applicable Redemption Date, each holder of shares of Class P Common Series Y Preferred Stock to be redeemed on such Redemption Date Date, shall, if a holder of shares in certificated form, surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company Corporation to indemnify the Company Corporation against any claim that may be made against the Company Corporation on account of the alleged loss, theft or destruction of such certificate) to the CompanyCorporation, in the manner and at the place designated in the Redemption Notice, and thereupon the applicable redemption price Redemption Price for such shares shall be payable to the order of the person whose name appears on such certificate or certificates as the owner thereof. In the event less than all of the shares of Class P Common Series Y Preferred Stock represented by a certificate are redeemed, a new certificate, instrument instrument, or book entry representing the unredeemed shares of Class P Common Series Y Preferred Stock shall promptly be issued to such holder.

Appears in 1 contract

Samples: Merger Agreement (Yatra Online, Inc.)

Surrender of Certificates; Payment. On or before the applicable Redemption Date, each holder of shares of Class P Common Series X Preferred Stock to be redeemed on such Redemption Date shall, if a holder of shares in certificated form, surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company Corporation to indemnify the Company Corporation against any claim that may be made against the Company Corporation on account of the alleged loss, theft or destruction of such certificate) to the CompanyCorporation, in the manner and at the place designated in the Redemption Notice, and thereupon the applicable redemption price Redemption Price for such shares shall be payable to the order of the person whose name appears on such certificate or certificates as the owner thereof. In the event less than all of the shares of Class P Common Series X Preferred Stock represented by a certificate are redeemed, a new certificate, instrument instrument, or book entry representing the unredeemed shares of Class P Common Series X Preferred Stock shall promptly be issued to such holder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Idera Pharmaceuticals, Inc.)

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Surrender of Certificates; Payment. On or before the applicable Redemption Date, each holder of shares of Class P Common Stock Milestone Shares to be redeemed on such Redemption Date shall, if a holder of shares in certificated form, surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company Purchaser to indemnify the Company Purchaser against any claim that may be made against the Company Purchaser on account of the alleged loss, theft or destruction of such certificate) to the CompanyPurchaser, in the manner and at the place designated in the Redemption Noticeby Purchaser, and thereupon the applicable redemption price Redemption Price for such shares shall be payable to the order of the person whose name appears on such certificate or certificates as the owner thereof. In the event less than all of the shares of Class P Common Stock Milestone Shares represented by a certificate are redeemed, a new certificate, instrument instrument, or book entry representing the unredeemed shares of Class P Common Stock Milestone Shares shall promptly be issued to such holder.

Appears in 1 contract

Samples: Asset Purchase Agreement and Plan of Reorganization (Biodesix Inc)

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