The Redemption. Immediately following the Purchase Transactions and the Distribution and in accordance with the terms of the Charter Amendment, the Company shall irrevocably call for redemption and, as of the time of such call for redemption, redeem all outstanding shares of Class B Common Stock for $46.00 per share in cash in accordance with their terms (the "REDEMPTION CONSIDERATION"). The date and time of such Redemption is hereinafter referred to as the "REDEMPTION TIME."" (i) Section 4.8 of the Agreement is hereby amended by DELETING the word "the" which precedes the reference to "Change of Control Offer" in the third sentence thereof and replacing it with the word "any". (j) Section 5.14 of the Agreement is hereby amended by DELETING the text of such Section in its entirety and replacing it with the following language:
Appears in 2 contracts
Sources: Agreement and Plan of Recapitalization (Nortek Inc), Agreement and Plan of Recapitalization (Nortek Inc)