Acquisition Termination Redemption definition
Examples of Acquisition Termination Redemption in a sentence
Acquisition Termination Redemption: If the Vectren Merger has not closed at or prior to 5:00 p.m., New York City time, on April 21, 2019 or if an acquisition termination event (as defined in the Depositary Shares Preliminary Prospectus Supplement) occurs, the Issuer may, at its option, give notice of an acquisition termination redemption to the holders of the Series B Preferred Stock.
If the Company mails a notice of Acquisition Termination Redemption, on the Acquisition Termination Redemption date specified in such notice, the Company will be required to redeem the Mandatory Convertible Preference Shares, in whole but not in part, for the Acquisition Termination Make-whole Amount described in the Mandatory Convertible Preference Shares Preliminary Prospectus Supplement.
Other than pursuant to an Acquisition Termination Redemption, the Mandatory Convertible Preference Shares will not be redeemable by the Company.
This provision will not prevent any Holder of Purchase Contracts (whether or not included in a Unit) from instituting suit for the delivery of shares of Common Stock (and/or, in the case of an Acquisition Termination Redemption, any cash included in the Redemption Amount), Reference Property or cash in lieu of any fractional share or Reference Property upon settlement or redemption of the Purchase Contracts on the applicable Settlement Date.
The Acquisition Termination Redemption Price shall be paid by the Corporation in cash to each Holder.