Examples of Class A Redemption Price in a sentence
In any event, the Class A Redemption Price will not be an amount that is more than the Net Asset Value per Class A unit as of the Monthly Redemption Date.
Each share of Class A Stock, par value $1.00 per share ("Class A Stock"), owned by a Seller and all rights existing with respect thereto, shall be exchanged for that number of shares of IHS Stock as shall be equal in value to 51% of the Class A Redemption Price, and an amount of cash equal to 49% of the Class A Redemption Price.
New Polar shall have the right at any time after the sending of notice of its intention to redeem Class A Shares as aforesaid to deposit or cause to be deposited the total Class A Redemption Price of the Class A Shares so called for redemption in a custodial account with any chartered bank or trust company in Canada named in such notice.
Each surrendered certificate shall be canceled and retired and the Corporation shall thereafter make payment of the applicable Class A Redemption Price by certified check or wire transfer to the holder of record of such certificate; provided, that if less than all the Shares represented by a surrendered certificate are redeemed, then a new stock certificate representing the unredeemed Shares shall be issued in the name of the applicable holder of record of canceled stock certificate.
In the event of a delivery of a Class A Redemption Notice relating to a redemption of any Shares of Class A Preferred Stock pursuant to Section 7, the conversion rights described herein of the Shares designated for redemption shall terminate at the close of business on the applicable Class A Conversion Election Date, unless the Class A Redemption Price is not fully paid on such redemption date, in which case the conversion rights for such Shares shall continue until such price is paid in full.
The Class A Special Shares to be redeemed on any Redemption Date pursuant to paragraphs 5(a) or 5(b) above shall be redeemed by paying for each share in cash an amount equal to $0.375 plus all accrued but unpaid dividends thereon up to and including the date the redemption price is received by the holder (the "Class A Redemption Price").
Upon the later of such deposit being made and the Redemption Date, the Class A Shares in respect whereof such deposit shall have been made shall be redeemed and the rights of the holders thereof after such deposit or Class A Redemption Date, as the case may be, shall be limited to receiving their proportionate part of the total Class A Redemption Price (less any tax required to be deducted and withheld therefrom by New Polar) for such Class A Shares so deposited.
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Such notice shall set out the Class A Redemption Price and the date on which the redemption is to take place (the “Class A Redemption Date”).
Notwithstanding the earliest date for redemption set forth in Section 7.1, if a Breach described in Section 9.1(c) has occurred, all of the then outstanding Shares of Class A Preferred Stock shall be subject to redemption immediately without any action required by the holders of Shares of Class A Preferred Stock, for a price per Share equal to the Class A Redemption Price.