Preferred Stock Redemption Price definition
Examples of Preferred Stock Redemption Price in a sentence
Upon payment by the Corporation of the Series B Preferred Stock Redemption Price, all rights in respect of the shares of Series B Preferred Stock redeemed shall cease.
The price received by the selling Common Stock Shareholder, or the Preferred Stock Shareholder whose shares are being redeemed, respectively, shall be equal to the Purchase Price per share for the Common Stock and the Preferred Stock Redemption Price per share for the Preferred Stock, respectively, described above, multiplied times the number of shares of Common Stock or Preferred Stock, respectively, being surrendered for exchange, or being redeemed, respectively, pursuant hereto.
On the relevant Preferred Stock Redemption Date, the Company shall redeem the Preferred Stock by paying the Preferred Stock Redemption Price to the Purchaser in immediately available funds.
Each holder of the of Series C Preferred Stock, in its sole judgement and discretion, shall have the option to accept or reject the Series C Preferred Stock Redemption Price stated in the Redemption Notice, or to reject any Redemption Notice in its entirety.
Preferred Stock Redemption Price shall mean, at any date of determination, the sum of: (a) the "Liquidation Value" (as defined in Section 3.2(a) of the Certificate of Determination) at such date; plus (b) all accrued, but unpaid, dividends through and including such date; plus (c) if the redemption is being made on a Preferred Stock Early Redemption Date, then the Preferred Stock Early Redemption Premium required by Section 7.24.
Upon execution of this Agreement and as a condition to the Company redeeming the Preferred Stock and delivering the Preferred Stock Redemption Price, Executive shall surrender to the Company the certificates representing the Preferred Stock.
At the Closing, PubCo shall pay, or cause the Company to pay in full, in cash by wire transfer of immediately available funds, the Company Preferred Stock Redemption Price in full in respect of each share of Company Preferred Stock to the holder thereof.
Executive and the Company each acknowledge that they believe that the Preferred Stock Redemption Price is fair and reasonable taking into account the percentage of ownership represented by the Preferred Stock, the current financial condition of the Company, the current prospects for the Company and its business operations, and the absence of any known or anticipated material events which might affect the valuation of the Preferred Stock.
Lady Luck shall call the Lady Luck Series A Preferred Stock for redemption pursuant to its terms at the Lady Luck Series A Preferred Stock Redemption Price at the direction of Buyer and conditioned upon closing of the Merger.
The TPG Acquisition Preferred Stock Redemption Price will not exceed $43,500,000.