Examples of Redeemed Securities in a sentence
Purchaser shall acquire all the Acquired Shares simultaneously at Closing of the Sale and all the Everest Redeemed Securities and Olympus Redeemed Securities shall have been redeemed and cancelled prior to Closing in accordance with Section 2.3.
The Redeemed Securities will be redeemed in an amount equal to the “Face Amount” of such securities that are so tendered (as defined in the New Certificate of Designations).
At the Closing, upon payment by the Company of the Estimated Redemption Consideration, the Existing Stockholder will deliver to the Company, free and clear of any Liens, one or more certificates representing the Redeemed Securities, duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly executed in blank.
No holder or Person with any interest in any Acquired Olympus Shares, Acquired Everest Shares, Olympus Redeemed Securities or Everest Redeemed Securities shall have obtained an Order that enjoins or otherwise prohibits consummation of the sale of any such shares or redemption of any such securities in accordance with or as contemplated by this Agreement, except as would reasonably be expected to be immaterial.
At the Closing, the Company shall pay to the account or accounts designated by the Existing Stockholder, by wire transfer of immediately available funds, an amount in cash equal to the aggregate purchase price for the Redeemed Securities as set forth in Section 2.4(a) above.
Without any further action by the LLC or the Members, effective as of the date of any Sale Transaction, the LLC shall cancel the Redeemed Securities which shall cease to be outstanding.
As of immediately following the Closing, the Everest Redeemed Securities shall have been redeemed and cancelled in accordance with Section 2.3(f), the terms of the Everest Redeemed Securities and all applicable Laws, and neither the Everest Redeemed Holders nor any other Person shall have any rights in respect of such securities other than the right to receive the redemption proceeds in accordance with the terms of this Agreement.
As of immediately following Closing, the Olympus Redeemed Securities shall have been redeemed and cancelled in accordance with Section 2.3(g), the terms of the Olympus Redeemed Securities and all applicable Laws and neither the Olympus Redeemed Holders nor any other Person shall have any rights in respect of such securities other than the right to receive the redemption proceeds in accordance with the terms of this Agreement.
At the -------------------------------------------------- Closing, each Redeeming Stockholder will deliver to CII, free and clear of any liens, options, claims or encumbrances, one or more certificates representing the Redeemed Securities being redeemed from such Redeeming Stockholder, duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly executed in blank, and bearing or accompanied by all requisite stock transfer stamps.
In delivering the Redeemed Securities under this Section 6(a), each tendering Employee shall also be required to transfer an equal proportion of each of the Cash Warrants and Cashless Warrants held by such tendering Employee.