Common Stock Redemption Sample Clauses

The Common Stock Redemption clause outlines the terms under which a company can repurchase or redeem its common shares from shareholders. Typically, this clause specifies the conditions, timing, and price at which the redemption may occur, such as after a certain period or upon the occurrence of specific events. By establishing clear procedures for buybacks, the clause provides both the company and shareholders with predictability and protection, helping to manage ownership structure and address potential liquidity needs.
Common Stock Redemption. 26 Conflict................................................................................................5
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Common Stock Redemption. If Borrower exercises its option to prepay the Note in accordance with the provisions of Section 6 of the Note, then Borrower shall, contemporaneously therewith, and as a condition precedent to Lender’s obligation to accept such prepayment, purchase 100% of the Lender Common Stock then held by Lender and/or any Affiliate of Lender as of the date of such prepayment for a purchase price equal to (i) if the Book Value of the Lender Common Stock is greater than the purchase price (the “Purchase Price”) of such Lender Common Stock when acquired by Lender, the sum of one half of the difference between the Book Value and the Purchase Price plus the Purchase Price, or (ii) if the Book Value of the Lender Common Stock is less than the Purchase Price, the Purchase Price; provided, however, that if Lender exercises its option to accept only a portion of the Debt in cash and to apply the balance to the preferred stock in Borrower pursuant to Lender’s Conversion Right, then Borrower shall only be obligated to purchase a pro-rata portion of the Lender Common Stock then held by Lender, as determined in accordance with the provisions of Section 8 of the Note, for a purchase price equal to (i) if the Book Value of the Lender Common Stock is greater than the Purchase Price, the sum of one half of the difference between the Book Value and the Purchase Price plus the Purchase Price, or (ii) if the Book Value of the Lender Common Stock is less than the Purchase Price, the Purchase Price. Lender shall have the right, in its sole and absolute discretion, to waive, in whole or in part, Borrower’s obligation to so purchase the Lender Common Stock then held by Lender and/or any Affiliate of Lender. For purposes of this Section 2.2.2, “Book Value” shall mean the book value of the Lender Common Stock as determined in accordance with GAAP for the calendar quarter immediately preceding the prepayment.
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Common Stock Redemption. Upon the terms and subject to the conditions of this Agreement, at the Closing (as such term is defined in the Purchase Agreement), the Principal Shareholders shall sell to the Company, and the Company shall redeem from each Principal Shareholder that number of shares of Common Stock set forth opposite such Principal Shareholder's name on Schedule 1 attached hereto, free and clear of all liens and encumbrances, at a per share redemption price equal to $500,000, such that the aggregate amount to be paid to all of the Principal Shareholders shall be equal to $25,000,000 (the "Redemption Proceeds").
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Related to Common Stock Redemption

  • Debt and Stock Redemption Bancshares and any nonbank subsidiary shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

  • Special Optional Redemption In the event of a Change of Control, the Issuer will have the option to redeem the Series A Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If the Issuer exercises its redemption right, by sending the required notice, with respect to some or all of the Series A Preferred Stock, the holders of Series A Preferred Stock will not be permitted to exercise the conversion rights described below in respect of any Series A Preferred Stock called for redemption.

  • Optional Redemption in Cash The Borrower will have the option of prepaying this Note ("OPTIONAL REDEMPTION") by paying to the Holder a sum of money equal to one hundred thirty percent (130%) of the outstanding principal amount of this Note at the time of prepayment, together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note, the Purchase Agreement or any Related Agreement (the "REDEMPTION AMOUNT") outstanding on the day written notice of redemption (the "NOTICE OF REDEMPTION") is given to the Holder. The Notice of Redemption shall specify the date for such Optional Redemption (the "REDEMPTION PAYMENT DATE") which date shall be seven (7) business days after the date of the Notice of Redemption (the "REDEMPTION PERIOD"). A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has a pending election to convert pursuant to Section 3.1, or for conversions initiated or made by the Holder pursuant to Section 3.1 during the Redemption Period. The Redemption Amount shall be determined as if such ▇▇▇▇▇▇'s conversion elections had been completed immediately prior to the date of the Notice of Redemption. On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount on the Redemption Payment Date as set forth herein, then such Redemption Notice will be null and void.

  • Optional Redemption upon Equity Offerings At any time, or from time to time, prior to June 1, 2010, the Company may, at its option, use an amount not to exceed the net cash proceeds of one or more Equity Offerings to redeem up to 35% of the aggregate principal amount of the Notes (which includes Additional Notes, if any) originally issued under this Indenture at a redemption price of 110.500% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, to the Redemption Date; provided that: (1) at least 65% of the principal amount of Notes (which includes Additional Notes, if any) originally issued under this Indenture remains outstanding immediately after any such redemption; and (2) the Company makes such redemption not more than 120 days after the consummation of any such Equity Offering.

  • In-kind redemptions The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may, in its sole discretion, honor any redemption request partially or wholly in-kind in a manner consistent with Federated Hermes Funds’ Redemption-In-Kind Procedures.