Common use of Timing of Redemption Clause in Contracts

Timing of Redemption. Within 30 business days after receipt of the Redemption Notice, the holder of each share of this Series shall surrender the certificate representing such share at the office of the Corporation and shall give written notice to the Corporation at said office specifying the name or names and denominations in which such holder wishes the certificate or certificates for the Common Stock to be issued (which notice may be printed on the reverse of the certificates for the shares of this Series). Unless the shares issuable on redemption are to be issued in the same name as the name in which such share of this Series is registered, each share surrendered for redemption shall be accompanied by instruments of transfer, in form reasonably satisfactory to the Corporation, duly executed by the holder or his duly authorized attorney, and by an amount sufficient to pay any transfer or similar tax. The Corporation shall pay all other expenses in connection with the redemption and issuance of Common Stock.

Timing of Redemption. Within 30 business days after receipt of the Redemption B Notice, the holder of each share of this Series shall surrender the certificate representing such share at the office of the Corporation and shall give written notice to the Corporation at said office specifying the name or names and denominations in which such holder wishes the certificate or certificates for the Common Stock to be issued (which notice may be printed on the reverse of the certificates for the shares of this Series). Unless the shares issuable on redemption are to be issued in the same name as the name in which such share of this Series is registered, each share surrendered for redemption shall be accompanied by instruments of transfer, in form reasonably satisfactory to the Corporation, duly executed by the holder or his duly authorized attorney, and by an amount sufficient to pay any transfer or similar tax. The Corporation shall pay all other expenses in connection with the redemption and issuance of Common Stock.