Right to Redemption Sample Clauses

POPULAR SAMPLE Copied 1 times
Right to Redemption. Upon receipt of a written request from the holders of a majority of the then outstanding shares of (x) Series E Preferred Stock, voting as a separate series, and (y) Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock, voting together as a single class (the “Redemption Request”), at any time on or after the fourth (4th) anniversary of the Series E Original Issue Date, the Corporation shall redeem all, but not less than all, of the shares of Preferred Stock then outstanding in three (3) equal annual installments (each installment date, a “Redemption Date”), commencing on a date not more than forty five (45) days after the receipt of the Redemption Request, for a price per share equal to the appropriate Original Issue Price plus any declared and unpaid dividends per share for such series of Preferred Stock (the “Redemption Price”). On each Redemption Date, the Corporation shall redeem, on a pro rata basis in accordance with the number of shares of each series of Preferred Stock owned by each holder (except as set forth in this Section 4.4(A)), that number of outstanding shares of each series of Preferred Stock determined by dividing (i) the total number of shares of such series of Preferred Stock outstanding immediately prior to such Redemption Date by (ii) the number of remaining Redemption Dates (including the Redemption Date to which such calculation applies) (such number, the “Eligible Shares” in respect of such series). The Corporation shall on each such Redemption Date redeem up to the maximum amount the Corporation may lawfully redeem out of funds legally available therefore in accordance with subsection (B) of this Section 4.4. If on any Redemption Date, the number of shares of Preferred Stock that may then be legally redeemed by the Corporation is less than the number of such shares to be redeemed, then all of the Eligible Shares of Series E Preferred Stock in respect of such Redemption Date shall be redeemed for the applicable Redemption Price prior to the redemption of the Eligible Shares of any other series of Preferred Stock in respect of such Redemption Date and then the remaining Eligible Shares that should have been redeemed in respect of such Redemption Date, but were not, will be redeemed on a pro rata basis from any additional legally available funds or as soon as the Corporation has legally available funds therefor.
View SourceView Similar (6)
Right to Redemption. No Successor Corporation shall have the right to redeem the Securities unless the Company and the Guarantor would have been entitled to redeem the Securities in similar circumstances.
View SourceView Similar (24)
Right to Redemption. If any such transaction would result in Stockholder owning more than 9.9% of the issued and outstanding shares of Common Stock, then concurrently with any purchase, redemption, exchange or other acquisition of shares of its Common Stock, the Company agrees to make an offer to purchase from Stockholder a pro rata portion of the shares held by Stockholder such that Stockholder’s ownership does not exceed 9.9% of the issued and outstanding shares of Common Stock, such offer to be made on same terms and conditions as any such other purchase, redemption, exchange or other acquisition, as the case may be.
View SourceView Similar (2)
Right to Redemption. (i) Subject to applicable law and subject to the exercise of the Northwest Call Right, the Corporation shall, upon the occurrence of a Redemption Event, redeem all of the then outstanding Class “A” Preference Shares by delivering to the holders thereof Northwest Shares equal in number to the then Northwest Share Equivalent as at the date of the Redemption Event for each Class “A” Preference Share held, provided that, in circumstances where a redemption occurs hereunder as a result of the occurrence of an event described in subparagraph (ii) of the definition of Redemption Event in Part 1, such redemption shall not be effective if the consolidation, merger, amalgamation or statutory arrangement is not proceeded with. (ii) Subject to applicable law and subject to the exercise of the Northwest Call Right, the Corporation may at any time prior to the occurrence of a Redemption Event, redeem any issued Class “A” Preference Share at a price equal to the amount of the consideration for which such share was issued.
View Source
Right to Redemption. In the event that a Redemption Even shall have occurred, then subject to the terms and conditions of this Article Four-A each holder of Debentures shall have the right, at the holder's option, to require the Company to redeem all or any portion (equal to $1,000 or any integral multiple thereof) of the holder's Debentures for cash at the principal amount thereof together in each case with accrued interest thereon to the Redemption Date.
View Source
Right to Redemption. (a) The holders of Series A Preferred Shares may require the Company to redeem all or part of the outstanding Series A Preferred Shares in accordance with the Articles of Incorporation, the Preference Share Terms and the relevant laws; provided, however, that for a period of forty (40) months from the issuance date of the Series A Preferred Shares, the holders of Series A Preferred Shares undertakes not to require the Company to redeem all or part of the outstanding Series A Preferred Shares unless, and may only exercise such redemption right if, (i) the Company or any of the Management Shareholders fails to comply with any provision of the Series A Subscription Agreement, this Agreement or any other related documents or agreements thereto, (ii) the Company or any of the Management Shareholders is in violation of the Commercial Code of the Securities Exchange Act of Korea and such violation has Material Adverse Effect, (iii) the Company or any of its Subsidiaries is or any of the Management Shareholders is (or is, or could be, deemed by law or a court to be) insolvent, bankrupt or unable to pay its or his debts, stops, suspends or threatens to stop or suspend payment of all or a material part of (or of a particular type of) its or his indebtedness, begins negotiations or takes any other step with a view to the deferment, rescheduling or other readjustment of all or a material part of (or of a particular type of) its or his indebtedness (or of any part which it will or might otherwise be unable to pay when due), proposes or makes a general assignment or an arrangement or composition with or for the benefit of the relevant creditors or a moratorium is agreed or declared in respect of or affecting all or a material part of (or of a particular type of) the indebtedness of the Company or any of its Subsidiaries or any of the Management Shareholders, (iv) any event occurs or circumstances arise which gives the holders of the Series A Preferred Shares reasonable grounds for believing that the Company or any of the Existing Shareholders may not (or may be unable to) perform or comply with any one or more of its/his obligations under the Transaction Documents, or (v) the Company or any of its Subsidiaries stops or threatens to cease to carry on the whole or any substantial part of its business or (otherwise than in the ordinary course of its business) disposes or threatens to dispose of the whole or any substantial part of its property, assets or revenues. (b) If, ...
View Source

Related to Right to Redemption

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.

  • Right to Redeem; Notices to Trustee 20 SECTION 3.02 Selection of Securities to Be Redeemed...........................20 SECTION 3.03

  • Election to Redeem; Notice to Trustee The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 45 days prior to the giving of the notice of redemption in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers' Certificate evidencing compliance with such restriction.

  • Election To Redeem; Notices to Trustee If the Issuer elects to redeem Notes pursuant to paragraph 6 of the Notes, at least 45 days prior to the Redemption Date (unless a shorter notice shall be agreed to in writing by the Trustee) but not more than 65 days before the Redemption Date, the Issuer shall notify the Trustee in writing of the Redemption Date, the principal amount of Notes to be redeemed and the redemption price, and deliver to the Trustee an Officers’ Certificate stating that such redemption will comply with the conditions contained in paragraph 6 of the Notes. Notice given to the Trustee pursuant to this Section 3.01 may not be revoked after the time that notice is given to Holders pursuant to Section 3.03.

  • Right of the Company to Redeem the Notes The Company will have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Indenture.