Common use of Change of Control Redemption Clause in Contracts

Change of Control Redemption. In the event of a Change of Control (as hereinafter defined), then subject to the conversion provisions set forth in Section F below, the Corporation shall forthwith redeem at any time the whole of the then outstanding Class 3 Preference Shares from the holders thereof on payment of the Redemption Amount in respect of each such share.

Appears in 3 contracts

Samples: Subscription Agreement (Neulion, Inc.), Subscription Agreement (Neulion, Inc.), Subscription Agreement (Neulion, Inc.)

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Change of Control Redemption. In the event of a Change of Control (as hereinafter defined), then subject to the conversion provisions set forth in Section F 6 below, the Corporation shall forthwith redeem at any time the whole of the then outstanding Class 3 4 Preference Shares from the holders thereof on payment of the Redemption Amount in respect of each such share.

Appears in 2 contracts

Samples: Neulion (Neulion, Inc.), Subscription Agreement (Neulion, Inc.)

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