Holder Optional Redemption Notice definition

Holder Optional Redemption Notice shall have the meaning set forth in Section 6(a).
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Holder Optional Redemption Notice require the Corporation to redeem any or all of the outstanding shares of Series A Preferred Stock then held by such Holder (or such Affiliates) at the Holder Optional Redemption Price (the “Holder Optional Redemption”); provided, however, that the Corporation shall not be obligated to honor any such redemption request if such redemption request does not pertain to at least $10.0 million based on the Holder Optional Redemption Price (or such lesser amount to the extent such exercise covers all of such Holder’s shares of Series A Preferred Stock). The Corporation may pay up to 50% of the Holder Optional Redemption Price in-kind in the form of shares of Class A Common Stock (which shall be valued at 92.5% of the VWAP for the 15 Trading Day period ending immediately prior to the date of such Holder Optional Redemption Notice); provided, the Corporation may only redeem the Series A Preferred Stock with Class A Common Stock to the extent the Class A Common Stock issued in the Holder Optional Redemption does not exceed 10% of the Common Stock Market Capitalization of the Corporation on the date of such Holder Optional Redemption Notice. Any portion of the redemption price not paid in Class A Common Stock shall be paid by the Corporation in cash.
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Holder Optional Redemption Notice has the meaning set forth in Section 7.1.
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Examples of Holder Optional Redemption Notice in a sentence

  • The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Holder Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.

  • The Company shall redeem any Redemption Amounts within five (5) Trading Days of the Holder Optional Redemption Notice Date (the “Optional Redemption Date”) in cash at a price equal to the Redemption Amount (the “Holder Redemption Price”).

  • All Preferred Stock converted by a Holder after the Holder Optional Redemption Notice Date shall reduce the Holder Optional Redemption Amount of the Preferred Stock of such Holder required to be redeemed on the Holder Optional Redemption Date.

  • The Holder may deliver more than one Holder Optional Redemption Notice hereunder and such Holder Optional Redemption Notice shall be revocable.

  • The Company shall redeem any Redemption Amounts within five (5) Trading Days of the Holder Optional Redemption Notice Date (the “Optional Redemption Date”) in cash at a price equal to the Redemption Amount (the “Holder Optional Redemption Price”).

  • The Holder Optional Redemption Notice shall indicate the amount of the Holder Optional Redemption Amount the Holder is electing to have redeemed (the “Holder Optional Redemption Amount”).

  • The Holder Optional Redemption Notice shall indicate the Conversion Amount of the Available Holder Optional Redemption Amount the Holder is electing to have redeemed (the “Holder Optional Redemption Amount”).

  • The Holder Optional Redemption Notice shall indicate the Conversion Amount the Holder is electing to have redeemed.

  • The Company shall deliver to the Holder Optional Redemption Price to the Holder within five (5) Business Days after the Company’s receipt of the Holder Optional Redemption Notice.

  • The Holder Optional Redemption Notice shall indicate the amount of the applicable Optional Redemption Amount the Holder is electing to have redeemed on such Optional Redemption Date (the “Holder Optional Redemption Amount”).

Related to Holder Optional Redemption Notice

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Redemption Notice Date means, with respect to a Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F).

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Make-Whole Redemption Amount means the sum of:

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.