Examples of Second Redemption Date in a sentence
The Directors will issue and allot Shares such that the maximum aggregate issue amount of such issue and allotment, together with the aggregate EIS Price of the Existing Issued Shares that have not been redeemed on the Second Redemption Date, is equal to or more than the Aggregate Minimum Subscription.
Shareholders who have not made an election to retain their Existing Issued Shares will have their Shares redeemed on the Second Redemption Date.
Shareholders whose Shares were not redeemed on the Second Redemption Date shall be redeemed on the Third Redemption Date.
Any funds so deposited and unclaimed at the end of one year from the Second Redemption Date shall be released or repaid to the Corporation, after which the holders of shares called for redemption shall be entitled to receive payment of the Redemption Price only from the Corporation.
Shareholders whose Shares were not redeemed on the First Redemption Date shall be redeemed on the Second Redemption Date.
The First Redemption Date, the Second Redemption Date and the Third Redemption Date are collectively referred to as the "Redemption Dates." 6B.
Subject to the Corporation having funds legally available therefor, the closing of the first installment shall occur on or about January 1, 2003 (the "First Redemption Date") and the closing of the second installment shall take place on or about January 1, 2004 (the "Second Redemption Date").
For the purposes hereof, a "default in a redemption payment" on shares of Series C Preferred Stock shall be deemed to have occurred if the Corporation fails to redeem any shares of Series C Preferred Stock within 60 days after the First Redemption Date or the Second Redemption Date, as the case may be, and having so occurred, such default shall be deemed to exist thereafter until all redemption payments have been paid in full or funds sufficient therefor have been set aside by the Corporation.
On any of the First Redemption Date, the Second Redemption Date, or the Third Redemption Date, the Company may redeem all of the Notes, at a redemption price of 100% of the outstanding principal amount, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).
The First Redemption Date, the Second Redemption Date and the Third Redemption Date are collectively referred to as the "Redemption Dates".