Common use of Redemption Events Clause in Contracts

Redemption Events. Except as prohibited by applicable Delaware corporate law and the corporation's then existing agreements with its lenders and provided the corporation has generated net income for its most recent quarterly interim period, the corporation shall redeem all outstanding shares of Series M Preferred Stock on the date which is five (5) years from the date of effectiveness of this Amended and Restated

Appears in 2 contracts

Sources: Series M Preferred Stock Purchase Agreement (Genomic Solutions Inc), Series B Preferred Stock Purchase Agreement (Genomic Solutions Inc)