Examples of Redeeming Holders in a sentence
Unless the General Partner, in its sole and absolute discretion, shall exercise its right to assume directly and satisfy the Redemption Right, the General Partner shall not have any obligation to the Redeeming Holder or to the Operating Partnership with respect to the Redeeming Holder's exercise of the Redemption Right.
If a Redeeming Holder or Redeeming Holders deliver a Redemption Notice, the Corporation shall, within 15 days after the date thereof, deliver to the Redeeming Holders a notice (the "Election Notice") setting forth the information described in clause (iii) above and stating the Corporation's election to pay the Redemption Price in cash or shares of Common Stock, and, if in shares of Common Stock, a statement of the number of shares of Common Stock constituting the Redemption Price.
Payment to the Redeeming Holders shall be made by wire transfer of the purchase price in accordance with instructions from the Redeeming Holders.
At the Company’s request, the Buyer shall purchase from holders of public shares of the Company (“Redeeming Holders”) who have exercised their right of redemption pursuant to the Company’s organizational documents, all of the ordinary shares of the Company held by the Redeeming Holders at a price to be negotiated between the Buyer and the Redeeming Holders which price shall not be less than the Redemption Price.
As used herein, “Designated Stockholder” means the Redeeming Holder that holds the most shares of Preferred Stock within the group of all Redeeming Holders.
The FMV Agent may resign from its capacity as such at any time upon delivery of ten (10) business day’s written notice to the Corporation and the Redeeming Holders.
The aggregate Redemption Price shall be payable in cash in immediately available funds to the Redeeming Holders on the Redemption Date.
The Company shall and shall cause each of the Group Companies and the holders of Ordinary Shares to use its best efforts and take any and all actions as may be necessary, advisable or reasonably requested by the Redeeming Holders in order to carry out the transactions contemplated by this Article 8.5 and to protect the rights of the redeeming holders under this Article 8.5 against impairment.
The cost of the determination of the fair market value of the Series B Preferred shall not be taken into account in determining the fair market value of the Series B Preferred and shall be borne by equally by the Corporation and the Redeeming Holders, with the amount borne by the Redeeming Holders to be deducted pro rata from the redemption payments due to such Redeeming Holders on the first Redemption Date.
Each of the non-requesting Redeeming Holders may also elect to require the Company to redeem all or a portion of their Redeemed Preferred Shares by delivering a separate redemption notice (the “Redemption Exercise Notice”) to the Company within thirty (30) days (“Redemption Exercisable Period”) of the receipt of the Redemption Exercisable Notice.