Common use of Changes after Provision for Redemption Clause in Contracts

Changes after Provision for Redemption. No vote or consent of the holders of Series A shall be required pursuant to Section [8(b) or (c)] above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of Series A (or, in the case of Section [8(c)], more than 24,000 shares of Series A) shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section[6] above.

Appears in 1 contract

Sources: Securities Purchase Agreement (General Electric Co)

Changes after Provision for Redemption. No vote or consent of the holders of Series A T shall be required pursuant to Section [8(b) or (c)] ) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of Series A T (or, in the case of Section [8(c)], more than 24,000 40,000 shares of Series AT) shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section[6] Section 6 above.

Appears in 1 contract

Sources: Securities Purchase Agreement (Bank of America Corp /De/)