Common use of Timing of Redemption Clause in Contracts

Timing of Redemption. If the Series B Preferred Stock is redeemed after October 8, 2007, ("Third Anniversary Redemption Date"), each holder of Series B Preferred Stock shall be entitled to redeem one-third (1/3) of the Series B Preferred Stock (together with any accrued interest thereon pursuant to subsection (B) below of this Section 5.2(b)(2)), held by such holder of the Series B Preferred Stock as of the Closing Date, during each twelve-month period following the Third Anniversary Redemption Date up to the Redemption Deadline.

Timing of Redemption. If the Series B Preferred Stock is redeemed after October 8, 2007, the third anniversary of the Closing Date ("Third Anniversary Redemption Date"), each holder of Series B Preferred Stock shall be entitled to redeem one-third (1/3) of the Series B Preferred Stock (together with any accrued interest thereon pursuant to subsection (B) below of this Section 5.2(b)(2)), held by such holder of the Series B Preferred Stock as of the Closing Date, during each twelve-month period following the Third Anniversary Redemption Date up to the Redemption Deadline.