Examples of Corporation Redemption Notice in a sentence
In no event shall a Corporation Redemption Notice be given if the Corporation may not lawfully redeem its capital stock.
Once the Corporation delivers an Advance Corporation Redemption Notice, the Corporation may not deliver another such notice for at least thirty (30) Trading Days.
The Corporation may, at its option, redeem, in whole at any time all shares of Preferred Stock at the time outstanding, by delivery of written notice to each Holder (the “Corporation Redemption Notice”) at least thirty (30) days prior to the proposed date of redemption (the “Corporation Redemption Date”) set forth in the Corporation Redemption Notice, at a redemption price to paid in cash for each share of Preferred Stock redeemed equal to the then applicable Redemption Value.
Each Corporation Redemption Notice must state: (A) the Redemption Date (which must be no earlier than 20 Business Days after the date of such Corporation Redemption Notice and no later than 45 Business Days after the date of such Corporation Redemption Notice); (B) the number of Series A Preference Shares to be redeemed; and (C) the Redemption Price, including a calculation of such Redemption Price.
A Corporation Redemption Notice may be delivered to the holders of Series C Convertible Preferred Stock via facsimile, and upon receipt of such notice each holder shall deliver written acknowledgment thereof via facsimile to the Corporation.
If any one or more of the Equity Payment Conditions are not met or the Trading Price Requirements are not met, in each case on any Trading Day during the Threshold Period, then the Corporation shall not be entitled to redeem the portion of the Preferred Stock described in the Advance Corporation Redemption Notice.
Notwithstanding anything herein to the contrary, the Holders shall be entitled to convert their shares of Series A Preferred Stock pursuant to Section 7(a) at any time after a Corporation Redemption Notice is given but prior to the Redemption Date.
Subject to Section 5(c), any such Redemption shall be paid in cash on the Corporation Redemption Closing Date, for the Series D-1 Preferred Shares specified in the Corporation Redemption Notice in an amount equal to the Redemption Price.
In the event the applicable aggregate Corporation Redemption Amount is not paid to the Holders on the applicable Corporation Redemption Date, the Corporation Redemption Notice shall be considered void and of no force or effect.
In the event the Corporation decides to exercise the redemption right, within one Trading Day, the Corporation shall deliver written notice to the applicable Holder of Series D that the Series D will be redeemed (the “Corporation Redemption Notice”) on the date that is three trading days following the date of the Corporation Redemption Notice (such date, the “Corporation Redemption Date”).