Common use of Redemption on Change of Control Clause in Contracts

Redemption on Change of Control. Upon receipt of notice of a proposed Change of Control in accordance with Section 1(b)(4), the holders of not less than fifty percent (50%) of the Series-A Preferred Shares then outstanding may request redemption of all Series A Preferred Shares by delivering such request to the Corporation at least ten (10) days prior to the Change of Control. As soon as practicable following receipt of such request, the Corporation shall give written notice of such request to all other holders of Series A Preferred Shares. The Corporation shall be required to redeem all Series A Preferred Shares within ten (10) days following the Change of Control at a price per share equal to the Original Series A Issue Price (as adjusted for any stock splits, stock consolidations, stock dividends, recapitalization or the like) plus all declared but unpaid dividends for each such Series A Preferred Share.

Redemption on Change of Control. Upon receipt of notice of a proposed Change of Control in accordance with Section 1(b)(4l(bX4), the holders of not less than fifty percent (50%) of the Series-Series A Preferred Shares then outstanding may request redemption of all Series A Preferred Shares by delivering such request to the Corporation at least ten (10) days prior to the Change of Control. As soon as practicable following receipt of such request, the Corporation shall give written notice of such request to all other holders of Series A Preferred Shares. The Corporation shall be required to redeem all Series A Preferred Shares within ten (10) days following the Change of Control at a price per share equal to the Original Series A Issue Price (as adjusted for any stock splits, stock consolidations, stock dividends, recapitalization or the like) plus all declared but unpaid dividends for each such Series A Preferred Share.

Redemption on Change of Control. Upon receipt of notice of a proposed Change of Control in accordance with Section 1(b)(4), the holders of not less than fifty percent (50%) of the Series-Series A Preferred Shares then outstanding may request redemption of all Series A Preferred Shares by delivering such request to the Corporation at least ten (10) days prior to the Change of Control. As soon as practicable following receipt of such request, the Corporation shall give written notice of such request to all other holders of Series A Preferred Shares. The Corporation shall be required to redeem all Series A Preferred Shares within ten (10) days following the Change of Control at a price per share equal to the Original Series A Issue Price (as adjusted for any stock splits, stock consolidations, stock dividends, recapitalization or the like) plus all declared but unpaid dividends for each such Series A Preferred Share.