Examples of Redeemed Securities in a sentence
Upon the exercise of the Redemption Right, the Redeemed Holder shall transfer such Redeemed Securities free and clear of all liens and other encumbrances by delivering such instruments of transfer to the Company or its designee, as requested by the Company.
Notwithstanding anything to the contrary contained in this Agreement, if any such restrictions prohibit or otherwise delay the purchase by the Company of Redeemed Securities hereunder which the Company is otherwise entitled or required to make, then the Company shall make such purchases within thirty (30) days of the date that it is permitted to do so under such restrictions.
Notwithstanding anything herein to the contrary, including any deferral of the closing of any repurchase pursuant to this Section 9, the repurchase of the Redeemed Securities shall, to the fullest extent permitted by law, be deemed effective, and the Subject Party shall cease to have any rights with respect thereto (other than the right to receive the repurchase price determined pursuant to Section 9.3) immediately upon delivery of the Repurchase Notice.
The Class B Members and the LLC shall execute and deliver any documents and other papers and perform any further acts as may be reasonably required or desirable to carry out the provisions of this Section 8.7 and the transactions contemplated hereby, including, without limitation, the execution and delivery of such endorsements, assignments and other good and sufficient instruments of conveyance, transfer and assignment as shall be necessary to vest in the LLC good title in and to the Redeemed Securities.
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).
Before any holder of Series A Preferred Stock shall be entitled to cause the Corporation to redeem the Redeemed Securities, such holder shall give written notice (the “Redemption Notice” and the date on which the Redemption Notice is given, the “Redemption Notice Date”) to the Corporation at its principal corporate office, of the election to redeem the same, which Redemption Notice shall be irrevocable.
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.
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.
If such notice states that the Company and its Subsidiaries will not exercise the Repurchase Right, TopCo Parent or any of its Affiliates shall have the right to purchase the Redeemed Securities on the same terms and conditions as the Company and its Subsidiaries until the later of (i) the 30th day following the receipt of such notice or (ii) the Repurchase Termination Date.
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.