Mandatory Redemption at Maturity. (A) If any Preferred Share remains outstanding on the Maturity Date, the Company shall redeem such Preferred Share for an amount in cash per Preferred Share (the “Maturity Date Redemption Price”) equal to the Conversion Amount by wire transfer of immediately available funds to an account designated in writing by such Holder.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Cano Petroleum, Inc), Securities Purchase Agreement (Cano Petroleum, Inc), Agreement and Plan of Merger (Cano Petroleum, Inc)
Mandatory Redemption at Maturity. (A) If any Preferred Share remains outstanding on the Maturity Date, the Company shall redeem such Preferred Share for an amount in cash per Preferred Share (the “"Maturity Date Redemption Price”") equal to the Conversion Amount by wire transfer of immediately available funds to an account designated in writing by such Holder.
Appears in 2 contracts
Samples: Investors Rights Agreement (Cano Petroleum, Inc), Agreement and Plan of Merger (Cano Petroleum, Inc)
