Restrictions on Redemption. Notwithstanding the foregoing, no shares of Class B Redeemable Preferred Stock may be redeemed if such redemption is otherwise prohibited by section (h) of this Certificate of Designations or by the Delaware General Corporation Law. Payments in respect of redemptions with respect to shares of Class B Redeemable Preferred Stock may also be subject to setoff and recoupment as contemplated by section (k) hereof.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Clearview Cinema Group Inc), Asset Purchase Agreement (Clearview Cinema Group Inc), Asset Purchase Agreement (Clearview Cinema Group Inc)