Common use of Corporation’s Redemption Option Clause in Contracts

Corporation’s Redemption Option. Upon or after the fourth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A Preferred Stock, at a price per share (the “Corporation Redemption Price”) equal to 100% of the Series A Liquidation Value.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Urban Barns Foods Inc.), Preferred Stock Purchase Agreement (Purespectrum, Inc.), Preferred Stock Purchase Agreement (ImmunoCellular Therapeutics, Ltd.)

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Corporation’s Redemption Option. Upon or after the fourth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A Preferred StockDebentures, at a price per share (the “Corporation Debenture Redemption Price”) equal to 100% of the Series A Debenture Liquidation Value, plus accrued interest thereon.

Appears in 2 contracts

Samples: Securities Purchase Agreement (ZBB Energy Corp), Securities Purchase Agreement (ZBB Energy Corp)

Corporation’s Redemption Option. Upon or after the fourth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A G Preferred Stock, at a price per share (the “Corporation Redemption Price”) equal to 100% of the Series A G Liquidation Value.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Entech Solar, Inc.)

Corporation’s Redemption Option. Upon or after the fourth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A B Preferred Stock, at a price per share equal to 100% of the Series B Liquidation Value (the “Corporation Redemption Price”) equal to 100% of the Series A Liquidation Value).

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Corporation’s Redemption Option. Upon or after the fourth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A D Preferred Stock, at a price per share (the “Corporation Redemption Price”) equal to 100% of the Series A D Liquidation Value.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Yasheng Eco-Trade Corp)

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Corporation’s Redemption Option. Upon or after the fourth tenth anniversary of the initial Issuance Date, the Corporation shall will have the right, at the Corporation’s 's option, to redeem all or a portion of the shares of Series A B Preferred Stock, at a price per share (the “Corporation Redemption Price”) equal to 100% of the Series A B Liquidation ValueValue (the "Corporation Redemption Price").

Appears in 1 contract

Samples: Stock Purchase Agreement (East Coast Diversified Corp)

Corporation’s Redemption Option. Upon or after the fourth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A C Preferred Stock, at a price per share (the “Corporation Redemption Price”) equal to 100% of the Series A C Liquidation Value.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (MedClean Technologies, Inc.)

Corporation’s Redemption Option. Upon or after the fourth fifth anniversary of the initial Issuance Date, the Corporation shall have the right, at the Corporation’s option, to redeem all or a portion of the shares of Series A B Preferred Stock, at a price per share of the Series B Preferred Stock equal to the Series B Liquidation Value (the “Corporation Redemption Price”) equal to 100% of the Series A Liquidation Value).

Appears in 1 contract

Samples: Stock Loan Agreement (Sparta Commercial Services, Inc.)

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