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.""
Appears in 2 contracts
Samples: Agreement and Plan (Nortek Inc), Agreement and Plan (Nortek Inc)
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, and redeem all outstanding shares of Class B Common Stock for $46.00 per share in cash in accordance with their terms (the "REDEMPTION CONSIDERATIONRedemption Consideration"). The date and time of such Redemption is hereinafter referred to as the "REDEMPTION TIMERedemption Time.""
Appears in 2 contracts
Samples: Agreement and Plan of Recapitalization (Nortek Inc), Agreement and Plan of Recapitalization (Nortek Inc)
