Redemption at Option of Holders. (a) If there shall occur a Fundamental Change at any time prior to maturity of the Notes, then each Noteholder shall have the right, at such holder's option, to require the Company to redeem all of such holder's Notes, or any portion thereof that is an integral multiple of $1,000 principal amount, on the date (the "Repurchase Date") that is thirty (30) days after the date of the Company Notice (as defined in Section 3.05(b) below) of such Fundamental Change (or, if such 30th day is not a Business Day, the next succeeding Business Day) at a redemption price equal to 100% of the principal amount thereof, together with accrued interest to (but excluding) the Repurchase Date; provided, however, that, if such Repurchase Date is a February 15 or August 15, then the interest payable on such date shall be paid to the holders of record of the Notes on the next preceding February 1 or August 1, respectively. Upon presentation of any Note redeemed in part only, the Company shall execute and, upon the Company's written direction to the Trustee, the Trustee shall authenticate and deliver to the holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented.
Redemption at Option of Holders. (i) Subject to Section 8(a)(ii), if requested by a Holder (an “Electing Holder”), such Holder shall have the right, but not the obligation, to require the Company from time to time to redeem all or any portion of such Holder’s Preferred Stock (a) on or after the Voluntary Redemption Date, at a cash redemption price equal to the then Accreted Value of such Preferred Stock (plus accrued and unpaid dividends) to be redeemed or (b) on or after the seventh anniversary of the Issue Date (but before the Voluntary Redemption Date), in exchange for that number of shares of Common Stock as equals the product of the number of shares of Preferred Stock being so redeemed multiplied by the quotient of (i) the Accreted Value then in effect plus accrued and unpaid dividends as of such date divided by (ii) the Current Market Price on the Redemption Date, with any resulting fractional shares of Common Stock to be rounded up to the next full share (either of such value or the value described in clause (a) being the “Voluntary Redemption Price”).
Redemption at Option of Holders. In the event a Qualifying IPO has not occurred, any Holder that, together with its affiliates, owns not less than 20% of the Registrable Securities shall have the right, by written notice (the "PRIMARY PUT NOTICE") given during the first 15 Business Days of any quarterly fiscal period of the Issuer occurring after October 25, 2006 and prior to October 25, 2010 to require the Issuer to repurchase ("PUT") all and not less than all of such Holder's Registrable Securities (the "PRIMARY PUT SHARES"). Upon receipt of a Primary Put Notice, the Issuer shall immediately give written notice (the "ISSUER NOTICE OF PUT") to each other Holder, if any, of Registrable Securities, which Issuer Notice of Put shall include a copy of the related Primary Put Notice originally delivered to the Issuer and shall state that each other Holder of Registrable Securities shall be entitled to exercise its Put right by delivery to the Issuer, within 15 Business Days after the date of the Issuer Notice of Put, of a put notice (a "TRIGGERED PUT NOTICE" and, together with a Primary Put Notice, a "PUT NOTICE") with respect to all and not less than all of its Registrable Securities (the "TRIGGERED PUT SHARES" and, together with the Primary Put Shares, the "PUT SHARES"). The Issuer shall repurchase all Put Shares with respect to which it has received a Put Notice, upon not less than 10 Business Days' prior written notice to the electing Holders of Registrable Securities (setting forth the date, time and place of such repurchase), and within 120 days of the date of the Primary Put Notice (the "PUT DATE"). In the event that Holders of more than 75% of the Registrable Securities exercise the Put, the Issuer will give prompt written notice of such fact to all non-exercising Holders of Registered Securities and any such Holder that does not deliver a Triggered Put Notice within 15 days of such notice will have no further rights under this Section 6. The repurchase by the Issuer of all Put Shares of each Holder that has timely elected to exercise its Put shall occur simultaneously and shall be in accordance with the terms and provisions of this Section 6. Any timely delivered Put Notice given to the Issuer shall be effective and, subject to Section 6.2, the Issuer shall be obligated to repurchase the related Put Shares pursuant to this Section 6.
Redemption at Option of Holders. Each Holder of Notes of this Series shall have the right to require the Company to repurchase all or any part of such Holder’s Notes pursuant to Section 4.1.
Redemption at Option of Holders. (a If there shall occur a Fundamental Change at any time prior to maturity of the Notes, then each Noteholder shall have the right, at such holder"s option, to require the Company to redeem all of such holder"s Notes, or any portion thereof that is an integral multiple of $1,000 principal amount, on the date (the "Repurchase Date") that is thirty (30) days after the date of the Company Notice (as defined in Section 3.5(b) below) of such Fundamental Change (or, if such 30th day is not a Business Day, the next succeeding Business Day) at a redemption price equal to 100% of the principal amount thereof, together with accrued interest to (but excluding) the Repurchase Date; provided, however, that, if such Repurchase Date is a March 1 or September 1, then the interest payable on such date shall be paid to the holders of record of the Notes on the next preceding February 15 or August 15, respectively.
Redemption at Option of Holders. (a) If there shall occur a Fundamental Change, then each Noteholder shall have the right, at such holder's option, to require the Company to redeem all of such holder's Notes, or any portion thereof that is an integral multiple of $1,000 principal amount, on the date (the "Repurchase Date") that is 30 days after the date of the Company Notice (as defined in Section 3.5(b) below) of such Fundamental Change (or, if such 30th day is not a Business Day, the next succeeding Business Day) at a price equal to the Accreted Value of the Notes to, but excluding, the Repurchase Date; provided that if the Applicable Price with respect to the Fundamental Change is less than the Reference Market Price, the Company shall redeem such Notes at a price equal to the foregoing redemption price multiplied by the fraction obtained by dividing the Applicable Price by the Reference Market Price. In each case, the Company shall also pay to such holders accrued interest to, but excluding, the Repurchase Date on the redeemed Notes; provided that if such Repurchase Date is February 6 or August 6, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding January 22 or July 22. Upon presentation of any Note redeemed in part only, the Company shall execute and, upon the Company's written direction to the Trustee, the Trustee shall authenticate and deliver to the holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented.
Redemption at Option of Holders. (a) Triggering Event. A "TRIGGERING EVENT" shall be deemed to have ---------------- occurred at such time as any of the following events:
Redemption at Option of Holders. (a) Each holder of shares of Series B Preferred Stock shall be entitled, at such holder's option, by notice to the Corporation given within 20 days after the occurrence of an Optional Redemption Event, to require the Corporation to redeem all or a portion of such shares following the occurrence of an Optional Redemption Event.
Redemption at Option of Holders. At any time, and from time to time, after three (3) years from the Issuance Date, the holders of not less than 66-2/3% of the then outstanding Series A Convertible Preferred Stock may deliver a written request to the Corporation that such holders' shares of Series A Convertible Preferred Stock be redeemed (the "Redemption Request"). If, and to the extent that, the Corporation has funds legally available therefore, the Corporation shall redeem the shares of Series A Convertible Preferred Stock specified in such Redemption Request by paying in cash therefor the Redemption Price (as defined in Section 5.3 below). The Corporation shall notify such holders of the date that such redemption shall take place (herein the "Redemption Date") which shall not be less than forty‑five (45) days nor more than sixty (60) days following the receipt by the Corporation of the Redemption Request. On or before the Redemption Date, each holder of Series A Convertible Preferred Stock to be redeemed shall surrender to the Corporation a certificate or certificates representing such shares, at the principal executive office of the Corporation, and thereupon the Redemption Price of such shares shall be payable to the order of the Person whose name appears on such certificate or certificates as the owner thereof, and the surrendered certificates shall be canceled. In the event that less than all the shares represented by any such certificate are redeemed, a new certificate shall be issued representing the unredeemed shares.
Redemption at Option of Holders. The holders of ------------------------------- shares of Series A Convertible Preferred Stock shall not be entitled to require the Corporation to redeem any of such shares.
