Examples of Initial Redemption Notice in a sentence
Such Redemption Price shall be paid on a date (the “Redemption Price Payment Date”) to be determined at the discretion of the Company, but in any event (a) within eighteen (18) months of the date of the Initial Redemption Notice if given by the holder(s) of Series A Preferred Shares pursuant to clause A.3 above and (b) otherwise within nine (9) months of the date of the Initial Redemption Notice.
Each holder of shares of Series B Stock may elect to require the Corporation to redeem all or any portion of such holder’s shares of Series B Stock on the Series A Redemption Date at the Series B Redemption Price (as defined below) by delivering a written notice to the Corporation within thirty (30) days of receiving the Initial Redemption Notice (a “Series B Redemption”).
The Company shall redeem the Preferred Shares in accordance with these Articles on the 61st day from the date of the Initial Redemption Notice (the “Redemption Date”).
The Company shall then complete the redemption within thirty (30) days after the date of the Initial Redemption Notice Date (the actual completion date of the redemption, the “Redemption Date”).
The Company shall, within ten (10) Business Days after the Initial Redemption Notice, give a written notice to the other Preferred Holders, stating the existence of the Initial Redemption Notice and the closing date of the redemption estimated by the Company, which closing date shall be within one hundred and twenty (120) days after the Initial Redemption Notice Date (the actual completion date of the redemption, the “Redemption Date”)).
Each holder of shares of Series C Stock may elect to require the Corporation to redeem all or any portion of such holder’s shares of Series C Stock on the Series A Redemption Date at the Series C Redemption Price (as defined below) by delivering a written notice to the Corporation within thirty (30) days of receiving the Initial Redemption Notice (a “Series C Redemption”).
Upon receipt of the Initial Redemption Notice, the other holders of Preferred Shares may also elect to redeem their Preferred Shares by delivering a separate Redemption Notice to the Company (copying all other holders of Preferred Shares) within fifteen (15) days of the receipt of the Initial Redemption Notice.
Each such holder of Series B Preferred shall be entitled to elect to have all or some of the outstanding shares of such holder's Series B Preferred redeemed as set forth in the Initial Redemption Notice by delivering written notice of such election to the Corporation at least five (5) days prior to such Redemption Date.
The Company shall ensure that all redemptions of the Redemption Shares be carried out in accordance with this Section 7.02, in any event completed within one hundred and twenty (120) days from the Initial Redemption Notice Date.
In the event that the Participant shall have paid any cash for Restricted Stock or Restricted Stock Units, the Agreement shall specify whether and to what extent such cash shall be returned upon a forfeiture (with or without an earnings factor).