Redemption at the Option of the Corporation. At any time after [___________], 2002, to the extent the corporation shall have funds legally available for such payment, the corporation may, at its option as determined by the Special Committee and upon at least 10 Business Days prior written notice to Holders, redeem shares of Convertible Preferred Stock in whole or in part, at a redemption price per share in cash equal to 100% of the then liquidation preference of such shares, plus (without duplication) accrued and unpaid cash dividends thereon to the date fixed for redemption, without interest.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Kevco Partners Investment Trust), Securities Purchase Agreement (Kevco Inc)