Common use of The Redemption Clause in Contracts

The Redemption. Pursuant to Section 3.01 of the Note, ACG shall redeem the Note at a redemption price equal to the principal amount to be redeemed, together with accrued and unpaid interest on the principal amount thereof (THE "REDEMPTION PRICE"). ACG will pay the Redemption Price to the Note Holder in an equivalent amount of ACG common stock valued at $5.50 per share, with any resulting fractional shares to be paid in cash.