Redemption of the Shares Sample Clauses

Redemption of the Shares. Seller hereby agrees to sell and assign all of the Shares to Buyer at the closing and agrees to execute such stock powers and other instruments of conveyance as may be reasonably requested by Buyer in order to effectuate the transfer of the Shares.
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Redemption of the Shares. The Company shall exercise its right to redeem for cash all of the Shares held by the Preferred Stockholders on the date that the Xxxxxxxxxx Purchase is consummated or on the following Business Day (the date of such redemption being referred to herein as the "Redemption Date") at a price per Share equal to the Mandatory Redemption Price as of the Redemption Date. As of April 3, 2001, the Mandatory Redemption Price per Share will equal $26.261112, of which $0.011112 represents the Accrued Dividends per Share. During the period beginning on April 3, 2001 and ending on April 13, 2001 the Accrued Dividends per Share, and therefore the Mandatory Redemption Price per Share, shall increase by $0.005556 for each day after April 3, 2001 up to but not including the Redemption Date; PROVIDED HOWEVER that nothing in this Agreement is intended to address what the Mandatory Redemption Price would be for any date after April 13, 2001. The Company shall direct the escrow agent with whom Xxxxxxxxxx XX, Inc. is depositing the funds in respect of the Xxxxxxxxxx Purchase to transfer all amounts due to each Preferred Stockholder pursuant to this Section 1.1 directly to such Preferred Stockholder in accordance with the instructions set forth in Section 1.3 below.
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Redemption of the Shares. Upon the terms and subject to the fulfillment, expiry or waiver of the conditions of this Agreement as set forth in Section 2.4 below (the “Conditions”), on the Redemption Date, Seller shall sell, assign, transfer and convey to the Company and the Company shall purchase, acquire, and accept from Seller, all of Seller’s right, title and interest in and to the Shares for the Redemption Price (such redemption being, the “Redemption”). The “Redemption Date” for the purposes of this Agreement shall be (i) December 30, 2005 provided that all of the Conditions have been satisfied as at such date; or if all of such Conditions have not been satisfied, (ii) such later date which is two Business Days following the satisfaction of the Conditions but in no case later than December 29, 2006 unless any Condition in Section 2.4(a)(i) or Section 2.4(a)(iii) remains unsatisfied in which case it be such later date upon which such Condition is satisfied.
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Redemption of the Shares a. Subject to the terms and conditions hereinafter set forth, at the Closing (as hereinafter defined), the Borrower shall redeem the Shares from the Lender for total consideration of One Hundred and Seventy-five Thousand dollars ($175,000.00) (the “Purchase Price”). The Purchase Price shall be paid at Closing (as hereinafter defined) through (i) the Lender retaining the Overpayment Amount (as hereinafter defined in Section 5), and (ii) the payment by the Borrower to Lender of an additional $160,321.08 (the “Purchase Funds”).
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Redemption of the Shares. (a) For good and valuable consideration as set forth in the Settlement Agreement, the Seller hereby agrees to sell, assign, transfer and deliver all of his right, title and interest in and to the Shares to the Corporation, and the Corporation desires to acquire and redeem such Shares.
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Redemption of the Shares. Pursuant to the Xxxxxxx Agreement, the Company shall purchase and redeem 160,000 Shares (which Shares are in addition to, and separate and apart from, other Shares which the Company shall purchase and redeem pursuant to the Xxxxxxx Agreement).
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Redemption of the Shares. Concurrent with the Closing of the Merger, the Company shall redeem the Shares from Auberry in lieu of a payment by the Company to Auberry in the amount of one dollar ($1.00).
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Redemption of the Shares 
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Related to Redemption of the Shares

  • Redemption of the Debentures SECTION 3.1. Tax Event and Regulatory Capital Event Redemption..................................................... 7 SECTION 3.2. Optional Redemption by Company................................. 8 SECTION 3.3.

  • Redemption of the Notes SECTION 3.01.

  • Redemption of Shares In connection with the Fund's redemption of its Shares, the Fund hereby authorizes the Distributor to repurchase, upon the terms and conditions hereinafter set forth, as the Fund's agent and for the Fund's account, such Shares as may be offered for sale to the Fund from time to time by holders of such Shares or their agents.

  • Redemption of Preferred Stock Whenever the Corporation shall be permitted and shall elect to redeem shares of Preferred Stock in accordance with the terms of the Certificate of Designations, it shall (unless otherwise agreed to in writing with the Depositary) give or cause to be given to the Depositary, not less than 35 days and not more than 65 days prior to the Redemption Date (as defined below), notice of the date of such proposed redemption of Preferred Stock and of the number of such shares held by the Depositary to be so redeemed and the applicable redemption price, which notice shall be accompanied by a certificate from the Corporation stating that such redemption of Preferred Stock is in accordance with the provisions of the Certificate of Designations. On the date of such redemption, provided that the Corporation shall then have paid or caused to be paid in full to the Depositary the redemption price of the Preferred Stock to be redeemed, plus an amount equal to any declared and unpaid dividends (without accumulation of any undeclared dividends) thereon to the date fixed for redemption, in accordance with the provisions of the Certificate of Designations, the Depositary shall redeem the number of Depositary Shares representing such Preferred Stock. The Depositary shall mail notice of the Corporation’s redemption of Preferred Stock and the proposed simultaneous redemption of the number of Depositary Shares representing the Preferred Stock to be redeemed by first-class mail, postage prepaid, not less than 30 days and not more than 60 days prior to the date fixed for redemption of such Preferred Stock and Depositary Shares (the “Redemption Date”), to the Record Holders of the Receipts evidencing the Depositary Shares to be so redeemed at their respective last addresses as they appear on the records of the Depositary; but neither failure to mail any such notice of redemption of Depositary Shares to one or more such Holders nor any defect in any notice of redemption of Depositary Shares to one or more such Holders shall affect the sufficiency of the proceedings for redemption as to the other Holders. Each such notice shall be prepared by the Corporation and shall state: (i) the Redemption Date; (ii) the number of Depositary Shares to be redeemed and, if less than all the Depositary Shares held by any such Holder are to be redeemed, the number of such Depositary Shares held by such Holder to be so redeemed; (iii) the redemption price or the manner of its calculation; (iv) the place or places where Receipts evidencing such Depositary Shares are to be surrendered for payment of the redemption price; and (v) that dividends in respect of the Preferred Stock represented by such Depositary Shares to be redeemed will cease to accrue on such Redemption Date. In case less than all the outstanding Depositary Shares are to be redeemed, the Depositary Shares to be so redeemed shall be selected either pro rata or by lot.

  • Redemption of Fund Shares On receipt of instructions to redeem shares in accordance with the terms of the Fund's prospectus, the Transfer Agent will record the redemption of shares of the Fund, prepare and present the necessary report to the Custodian and pay the proceeds of the redemption to the shareholder, an authorized agent or legal representative upon the receipt of the monies from the Custodian.

  • Optional Redemption of the Notes (a) The Master Servicer shall have the option to redeem the Notes in whole, but not in part, on any Payment Date on or after the Payment Date on which the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the prior Due Period is less than or equal to [___]% of the aggregate Stated Principal Balance of the Mortgage Loans as of Cut-off Date. The aggregate redemption price for the Notes will be equal to the greater of (i) the Stated Principal Balance of the Mortgage Loans and the appraised value of any REO Properties, such appraisal to be conducted by an Independent appraiser mutually agreed upon by the Master Servicer and the Indenture Trustee in their reasonable discretion and (ii) the fair market value of the Mortgage Loans and the REO Properties (as determined by the Master Servicer and, to the extent that a Class of Class A Notes or a Class of Mezzanine Notes will not receive all amounts owed to it as a result of the redemption, the Indenture Trustee (it being understood and agreed that any determination by the Indenture Trustee shall be made solely in reliance on an appraisal by an Independent appraiser as provided above), in each case plus accrued and unpaid interest thereon at the weighted average of the Mortgage Rates through the end of the Due Period preceding the final Payment Date plus unreimbursed Servicing Advances, P&I Advances, any unpaid Servicing Fees allocable to such Mortgage Loans and REO Properties and any accrued and unpaid Basis Risk Shortfalls (the "Redemption Price"); provided, however, that the Master Servicer will not be permitted to redeem the Notes unless the Redemption Price is sufficient to retire the Note Balance of the remaining Notes to zero. If the determination of the fair market value of the Mortgage Loans and REO Properties shall be required to be made by the Master Servicer and an Independent appraiser as provided above, (A) such appraisal shall be obtained at no expense to the Indenture Trustee and (B) the Indenture Trustee may conclusively rely on, and shall be protected in relying on, such appraisal.

  • REPURCHASE OR REDEMPTION OF SHARES BY THE TRUST (a) Any of the outstanding Shares of the Funds may be tendered for redemption at any time, and the Funds agree to redeem or repurchase the Shares so tendered in accordance with its obligations as set forth in the Organic Documents and the Prospectus relating to the Shares.

  • Issue and Redemption of Fund Shares All expenses incurred in connection with the issue, redemption, and transfer of the Fund’s shares, including the expense of confirming all share transactions;

  • Purchase and Redemption of Fund Shares 1.1. The Fund and the Underwriter agree to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "

  • Repurchase or Redemption of Shares by the Fund 4.1 Any of the outstanding Shares may be tendered for redemption at any time, and the Fund agrees to repurchase or redeem the Shares so tendered in accordance with its Declaration of Trust as amended from time to time, and in accordance with the applicable provisions of the Prospectus. The price to be paid to redeem or repurchase the Shares shall be equal to the net asset value determined as set forth in the Prospectus. All payments by the Fund hereunder shall be made in the manner set forth in Section 4.2 below.

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