Common use of Restriction on Redemption Clause in Contracts

Restriction on Redemption. So long as any Notes are outstanding, the Company shall not, directly or indirectly, redeem any Common Stock without the prior express written consent of the holders of Notes representing not less than two-thirds of the aggregate principal amount of the then outstanding Notes.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Xcel Energy Inc), Securities Purchase Agreement (Xcel Energy Inc)