Examples of Series G Redemption Price in a sentence
Notwithstanding any Series G Redemption Notice, there shall be no redemption of any Series G Preferred Units called for redemption until funds sufficient to pay the full Series G Redemption Price of such Series G Preferred Units shall have been deposited by the Partnership with the Paying Agent.
The aggregate Series G Redemption Price for any such partial redemption of the Outstanding Series G Preferred Units shall be allocated correspondingly among the redeemed Series G Preferred Units.
So long as the Series G Preferred Units to be redeemed are held of record by the Depositary or the nominee of the Depositary, the Series G Redemption Price shall be paid by the Paying Agent to the Depositary on the Series G Redemption Date.
If payment of the Series G Redemption Price is improperly withheld or refused and not paid by the Partnership, distributions on such Series G Preferred Units will continue to accumulate from the original redemption date to the date of payment, in which case the actual payment date will be considered the date fixed for redemption for purposes of calculating the applicable Series G Redemption Price.
Payment of the Series A and B Redemption Price shall be junior in right of payment of the Series C Redemption Price, the Series D Redemption Price, the Series E Redemption Price, the Series F Redemption Price and the Series G Redemption Price, and payment of the Series C Redemption Price shall be junior in right of payment of the Series D Redemption Price, the Series E Redemption Price, the Series F Redemption Price and the Series G Redemption Price.
The Corporation shall pay for shares redeemed hereunder by delivery of cash in the amount of the Series G Redemption Price for the shares to be so redeemed on the respective Series G Redemption Dates.
If the Corporation is unable to redeem the Series G Preferred Stock for cash as set forth above, the holders of a majority of the voting power of the outstanding shares of Series G Preferred Stock may elect to receive shares of Common Stock with a fair market value (as determined in accordance with Section (2)(k)) equal to the Series G Redemption Price.
In satisfaction of the terms and conditions set forth herein and in the Amendment, the Retiring Partner’s Series G Preferred Units are hereby completely liquidated and the Retiring Partner immediately and automatically ceases to be a limited partner in the Partnership in exchange for the payment of the Series G Redemption Price (as defined in the Amendment and in accordance with the provisions set forth in the Amendment) and for other good and valuable consideration.
If payment of the Series G Redemption Price or any accumulated or unpaid distributions in respect of the Series G Preferred Stock is improperly withheld or refused and not paid by the Corporation, distributions on such Series G Preferred Stock will continue to accumulate from the original redemption date to the date of payment, in which case the actual payment date will be considered the date fixed for redemption for purposes of calculating the applicable Series G Redemption Price.
Upon delivery of all of the above-described items by both parties, Escrow Agent shall release the Series G Redemption Price to the holders of the Series G Preferred Units and the fully-executed Redemption Agreement and Amendment to Agreement of Limited Partnership to both parties.