Examples of First Mandatory Redemption Date in a sentence
The holders of Series D Preferred Stock shall be entitled to receive from the Corporation on a Mandatory Redemption Date an amount in cash for each share of Series D Preferred Stock to be redeemed on such Mandatory Redemption Date (the “Series D Redemption Price”) equal to $5.45 (as adjusted to reflect stock dividends, stock splits, combinations, recapitalizations or the like) plus any accrued, or declared but unpaid, dividends on the Series D Preferred Stock as of the First Mandatory Redemption Date.
On each of the First Mandatory Redemption Date, and the Second Mandatory Redemption Date (each, a “Mandatory Redemption Date”), the Company shall redeem the applicable Mandatory Redemption Amount (such redemption, the “Mandatory Redemption”).
The holders of Series C Preferred Stock shall be entitled to receive from the Corporation on a Mandatory Redemption Date an amount in cash for each share of Series C Preferred Stock to be redeemed on such Mandatory Redemption Date (the “Series C Redemption Price”) equal to $4.00 (as adjusted to reflect stock dividends, stock splits, combinations, recapitalizations or the like) plus any accrued, or declared but unpaid, dividends on the Series C Preferred Stock as of the First Mandatory Redemption Date.
The holders of Series B Preferred Stock shall be entitled to receive from the Corporation on a Mandatory Redemption Date an amount in cash for each share of Series B Preferred Stock to be redeemed on such Mandatory Redemption Date (the “Series B Redemption Price”) equal to $2.30 (as adjusted to reflect stock dividends, stock splits, combinations, recapitalizations or the like) plus any accrued, or declared but unpaid, dividends on the Series B Preferred Stock as of the First Mandatory Redemption Date.
The corporation shall, at its option as hereinafter provided, be entitled to credit against the number of shares of Class B Preferred Stock to be redeemed on the First Mandatory Redemption Date as provided in the immediately preceding sentences, shares of Class B Preferred Stock acquired on or prior to the First Mandatory Redemption Date by the corporation through purchase in the open market or privately, redemption pursuant to subparagraph (a) of this paragraph 4, or otherwise.
The shares of outstanding Class B Preferred Stock to be redeemed by the corporation on the First Mandatory Redemption Date shall be selected by the corporation; provided, however, that such redemption shall be made ratably among the holders of outstanding shares of Class B Preferred Stock, in proportion to the number of shares of Class B Preferred Stock held by each such holder, to the extent practicable.
The holders of Series A Preferred Stock shall be entitled to receive from the Corporation on a Mandatory Redemption Date an amount in cash for each share of Series A Preferred Stock to be redeemed on such Mandatory Redemption Date (the “Series A Redemption Price”) equal to $1.00 (as adjusted to reflect stock dividends, stock splits, combinations, recapitalizations or the like), plus any accrued, or declared but unpaid, dividends on the Series A Preferred Stock as of the First Mandatory Redemption Date.
The Company and the Holder hereby agree to extend the First Mandatory Redemption Date of the Debentures issued under the 2011 SPA until June 1, 2013.
The holders of Series E Preferred Stock shall be entitled to receive from the Corporation on a Mandatory Redemption Date an amount in cash for each share of Series E Preferred Stock to be redeemed on such Mandatory Redemption Date (the “Series E Redemption Price”) equal to $15.00 (as adjusted to reflect stock dividends, stock splits, combinations, recapitalizations or the like) plus any accrued, or declared but unpaid, dividends on the Series E Preferred Stock as of the First Mandatory Redemption Date.
Such notice shall specify the First Mandatory Redemption Date or the applicable Optional Redemption Date or Mandatory Redemption Date, as the case may be, the number of shares of Class B Preferred Stock held by such holder which are to be redeemed and the place at which such shares are to be surrendered for redemption on the First Mandatory Redemption Date or the applicable Optional Redemption Date or Mandatory Redemption Date, as the case may be.