Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in the articles supplementary), DLR may, at its option, redeem the series K preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR exercises any of its redemption rights relating to the series K preferred stock (whether its optional redemption right or its special optional redemption right), the holders of series K preferred stock will not have the conversion right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in the articles supplementary), DLR may, at its option, redeem the series K I preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR exercises any of its redemption rights relating to the series K I preferred stock (whether its optional redemption right or its special optional redemption right), the holders of series K I preferred stock will not have the conversion right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in the articles supplementary), DLR may, at its option, redeem the series K J preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR exercises any of its redemption rights relating to the series K J preferred stock (whether its optional redemption right or its special optional redemption right), the holders of series K J preferred stock will not have the conversion right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in the articles supplementary), DLR may, at its option, redeem the series K C preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR exercises any of its redemption rights relating to the series K C preferred stock (whether its optional redemption right or its special optional redemption right), the holders of series K C preferred stock will not have the conversion right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in Control”, the articles supplementary), DLR Issuer may, at its option, redeem the series Series K preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below)Date”, DLR the Issuer exercises any of its redemption rights relating to the series Series K preferred stock (whether its the optional redemption right, the special optional redemption right or its special the REIT qualification optional redemption right), the holders of series Series K preferred stock will not have the conversion right rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Taubman Centers Inc)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in the articles supplementary), DLR may, at its option, redeem the series K G preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR exercises any of its redemption rights relating to the series K G preferred stock (whether its optional redemption right or its special optional redemption right), the holders of series K G preferred stock will not have the conversion right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control Control, (as defined in the articles supplementary), ) DLR may, at its option, redeem the series K L preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR exercises any of its redemption rights relating to the series K L preferred stock (whether its optional redemption right or its special optional redemption right), the holders of series K L preferred stock will not have the conversion right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined in the articles supplementarybelow), DLR the Issuer may, at its option, redeem the series K preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), DLR the Issuer exercises any of its redemption rights relating to the series K preferred stock (whether its the optional redemption right or its the special optional redemption right), the holders of series K preferred stock will not have the conversion right rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Digital Realty Trust, L.P.)