Examples of Holder Redemption Price in a sentence
If the Partnership has made a Representation Breach, a Specified Series A Investor may notify the General Partner (a “Representation Breach Notice”) of the Representation Breach and each Series A Preferred Unitholder shall have the right to require the Partnership to redeem its Series A Preferred Units for a cash price per Series A Preferred Unit equal to the Holder Redemption Price.
The Call Redemption Date and the Holder Redemption Date are hereinafter called collectively the "Redemption Date" and the Call Redemption Price and the Holder Redemption Price are hereinafter called collectively the "Redemption Price".
The Company shall deliver the applicable Holder Redemption Price to the Holder within five Business Days after the Company's receipt of the Holder Redemption Notice and thereafter the Holder shall promptly deliver this Note to the Company.
The portion of this Note subject to redemption pursuant to this Section 8 shall be redeemed by the Company at a price equal to the Conversion Amount being redeemed (the "Holder Redemption Price" and, together with the Triggering Event Redemption Price and the Change of Control Redemption Price, the "Redemption Price").
If the Company fails to pay the Holder Redemption Price to the Holder by the second (2nd) Business Day following the Holder Redemption Date, in addition to all rights and remedies otherwise available to the Holder, the Holder shall be entitled to receive Interest at the Default Rate on such unpaid amount, from and after the Holder Redemption Date until the Holder Redemption Price has been paid in full.
Payment of the Holder Redemption Price and payment of accrued and unpaid dividends in connection with a Holder Optional Redemption may be made in cash or, to the extent that a sufficient number of authorized but unissued shares of Common Stock (which may be unregistered) are available, Common Stock at the Common Stock Redemption Value, or any combination thereof.
The Redemption Notice shall contain: (i) the number of shares of Preferred Stock held by the holder and the total number of shares of Preferred Stock held by all holders subject to redemption as of such Redemption Date; and (ii) the Redemption Date and the applicable Holder Redemption Price.
The Holder Redemption Price for each share of Series D Preferred owned by a holder who has exercised its Holder Redemption Right shall be paid to such holder by delivering a check or by wire transfer of immediately available funds to such holder at the address or in accordance with the wire transfer instructions (as applicable) of such holder as set forth in the Holder Redemption Notice.
The decision does not have to be unanimous and can be decided by a majority vote.
Such Holder Redemption Price shall be paid to the Holder promptly but no later than two (2) Business Days following the Holder Redemption Date.