Common use of Optional Redemption Date Clause in Contracts

Optional Redemption Date. On and after April 15, 2023, the Issuer may, at its option, upon not less than thirty (30) nor more than sixty (60) days’ written notice, redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash, at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. If the Issuer elects to redeem any shares of Series A Preferred Stock as described in this paragraph, the Issuer may use any available cash to pay the redemption price.

Optional Redemption Date. On and after April August 15, 2023, the Issuer may, at its option, upon not less than thirty (30) nor more than sixty (60) days’ written notice, redeem the Series A B Preferred Stock, in whole or in part, at any time or from time to time, for cash, at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. If the Issuer elects to redeem any shares of Series A B Preferred Stock as described in this paragraph, the Issuer may use any available cash to pay the redemption price.