Common use of Other Redemptions Clause in Contracts

Other Redemptions. The Corporation shall neither redeem nor otherwise acquire any shares of any class of Preferred Stock except (i) as expressly authorized in this Certificate of Designations, or (ii) pursuant to any offer of redemption made to the holders of Preferred Stock of such class pro rata according to the shares held by them.

Appears in 2 contracts

Sources: Purchase Agreement (Bianco Joseph J), Purchase Agreement (Alliance Entertainment Corp)