Examples of Preferred Stock Redemption Date in a sentence
In the event that the Corporation is unable to redeem the full number of shares of Preferred Stock to be redeemed on any Preferred Stock Redemption Date, the shares not redeemed shall be redeemed by this Corporation as provided in this Section 4 as soon as practicable after funds are legally available therefor.
The number of shares of Preferred Stock that the Corporation shall be required to redeem under this subsection (a) on any one Preferred Stock Redemption Date shall be equal to the amount determined by dividing (x) the aggregate number of shares of shares of Preferred Stock outstanding immediately prior to that Preferred Stock Redemption Date by (y) the number of remaining Preferred Stock Redemption Dates (including the Preferred Stock Redemption Date to which such calculation applies).
Any shares of the Series A Preferred Stock that have not been converted to Common Stock by the third anniversary of the date of their issuance, may, at the option of the Corporation, at any time thereafter be redeemed at a redemption price of Eight Dollars ($8.00) per share plus any earned but unpaid dividends (the actual date of redemption being referred to as the "Preferred Stock Redemption Date").
On or after the Preferred Stock Redemption Date stated in such notice, the holder of each share of Preferred Stock called for redemption shall surrender the certificate or certificates evidencing such shares to the Corporation at the place designated in such notice and shall thereupon be entitled to receive payment of the Series F, Series A, Series B, Series C Redemption Price or Series D Redemption Price, as the case may be, for the shares surrendered.
Any redemption effected pursuant to this subsection 4 (a) shall be made ratably among the holders of the Preferred Stock in proportion to the redemption payment amount each such holder is otherwise entitled to receive on such Preferred Stock Redemption Date.
Within three (3) business days after the Series C Preferred Stock Redemption Date, the Corporation shall remit the applicable redemption price, calculated pursuant to Subsection G of this Section 8, by wire transfer to each holder of the Series C Preferred Stock to the most recent address of each holder as set forth on the records of the Corporation or its transfer agent, together with all applicable Warrants.
Any monies so set aside by the Corporation and unclaimed at the end of five (5) years from the Preferred Stock Redemption Date shall revert to the general funds of the Corporation (provided that the holders of Series A Preferred Stock have received notice of the redemption within 90 days after the Preferred Stock Redemption Date).
When salary is split between on-campus and off-campus activities, then fringe benefits and tuition remission, if applicable, should also be split proportionally.
Any shares of the Series 1 Preferred Stock that have not been converted to Common Stock by the third anniversary of the date of their issuance, may, at the option of the Corporation, at any time thereafter be redeemed at a redemption price of One Thousand Dollars and 00/100s ($1,000.00) per share plus any earned but unpaid dividends (the actual date of redemption being referred to as the "Preferred Stock Redemption Date").
Any monies so set aside by the Corporation and unclaimed at the end of five (5) years from the Preferred Stock Redemption Date shall revert to the general funds of the Corporation (provided that the holders of Series 2 Preferred Stock have received notice of the redemption within 90 days after the Preferred Stock Redemption Date).