Common use of Mechanics of Redemption Clause in Contracts

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A Preferred Stock then outstanding, it shall do so by delivering written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable).

Appears in 5 contracts

Samples: Preferred Stock Purchase Agreement (Purespectrum, Inc.), Securities Purchase Agreement (ZBB Energy Corp), Preferred Stock Purchase Agreement (ImmunoCellular Therapeutics, Ltd.)

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Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Uluru Inc.), Preferred Stock Purchase Agreement (Uluru Inc.), Stock Purchase Agreement (Cereplast Inc)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders' Series A Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A Preferred Stock that the Corporation is electing to redeem and (Bb) the Corporation applicable Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.), Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A B Preferred Stock then outstanding, it shall do so by delivering deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A B Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Drinks Americas Holdings, LTD), Stock Loan Agreement (Sparta Commercial Services, Inc.)

Mechanics of Redemption. If the Corporation elects to redeem any of the HoldersHolders ’ Series A Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Securities Purchase Agreement (Digital Development Group Corp)

Mechanics of Redemption. If the Corporation elects to redeem redeems any of the Holders’ Series A Preferred Stock then outstanding, it shall do so by delivering concurrently with payment the Corporation will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate Holder setting forth (Aa) the number of shares of Series A Preferred Stock that the Corporation is electing to redeem redeeming, (b) the applicable Dividend Rate, Liquidation Value and Early Redemption Price, and (Bc) the calculation of the amount paid. Upon receipt of payment in cash, each Holder will promptly submit to the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)such Holder’s Series A Preferred Stock certificates.

Appears in 1 contract

Samples: Stock Purchase Agreement (Remark Media, Inc.)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A H Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A H Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A B Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A B Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Stock Purchase Agreement (VelaTel Global Communications, Inc.)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A B Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A B Preferred Stock that the Corporation is electing to redeem and (Bb) the Corporation applicable Early Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)or Series B Liquidation Value.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A D Preferred Stock then outstanding, it shall do so by delivering written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A C Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable).

Appears in 1 contract

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

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A F Preferred Stock then outstanding, it shall do so by delivering deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each the Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A F Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A C Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A C Preferred Stock that the Corporation is electing to redeem and (Bb) the Corporation applicable Early Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)or Liquidation Value.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders' Series A E Preferred Stock then outstanding, it shall do so outstanding by delivering written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each the Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A E Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP)

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Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A E Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A E Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pressure Biosciences Inc)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A Preferred Stock Preference Shares then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A Preferred Stock Preference Shares that the Corporation is electing to redeem and (Bb) the Corporation applicable Early Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)or Series A Liquidation Value.

Appears in 1 contract

Samples: Share Subscription Agreement (NewLead Holdings Ltd.)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A B Preferred Stock then outstanding, it shall do so by delivering written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A B Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable).

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders' Series A B Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier ("Notice of Redemption at Option of Corporation") to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A B Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Stock Purchase Agreement (East Coast Diversified Corp)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A C Preferred Stock then outstanding, it shall do so by delivering written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A C Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable).

Appears in 1 contract

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

Mechanics of Redemption. If the Corporation elects to redeem any of the HoldersHolders ’ Series A F Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A F Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A G Preferred Stock then outstanding, it shall do so by delivering written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall indicate (A) the number of shares of Series A G Preferred Stock that the Corporation is electing to redeem and (B) the Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable).

Appears in 1 contract

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

Mechanics of Redemption. If the Corporation elects to redeem any of the Holders’ Series A G Preferred Stock then outstanding, it shall do so by delivering will deliver written notice thereof via facsimile and overnight courier (“Notice of Redemption at Option of Corporation”) to each Holder, which Notice of Redemption at Option of Corporation shall will indicate (Aa) the number of shares of Series A G Preferred Stock that the Corporation is electing to redeem and (Bb) the applicable Early Redemption Price or Corporation Redemption Price (plus the premium for early redemption pursuant to Section 6(b) if applicable)Price.

Appears in 1 contract

Samples: Stock Purchase Agreement (POSITIVEID Corp)

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