Payment of Mandatory Redemption Price. (i) The Corporation shall pay the Mandatory Redemption Price to the Holder exercising its right to redemption on the later to occur of (i) the fifth (5th) Business Day following the Mandatory Redemption Date and (ii) the date on which the Preferred Shares being redeemed are delivered by the Purchaser to the Corporation for cancellation (the "Mandatory Redemption Payment Date"). ---------------------------------
Appears in 3 contracts
Samples: Securities Purchase Agreement (Webb Interactive Services Inc), Exchange Agreement (Webb Interactive Services Inc), Exchange Agreement (Webb Interactive Services Inc)
Payment of Mandatory Redemption Price. (i) The Corporation shall pay the Mandatory Redemption Price to the each Holder exercising its right to redemption on the later to occur of (i) the fifth (5th) Business Day following the Mandatory Redemption Date and (ii) the date Business Day on which the Preferred Shares being redeemed are delivered by the Purchaser to the Corporation for cancellation (the "Mandatory Redemption Payment Date"). ---------------------------------.
Appears in 1 contract
Samples: Securities Purchase Agreement (Alydaar Software Corp /Nc/)
Payment of Mandatory Redemption Price. (i) The Corporation shall pay the Mandatory Redemption Price to the Holder exercising its right to redemption on the later to occur of (i) the fifth (5th) Business Day following the Mandatory Redemption Date and (ii) the date on which the Preferred Shares being redeemed are delivered by the Purchaser to the Corporation for cancellation (the "Mandatory Redemption Payment Date"). ---------------------------------.
Appears in 1 contract
Samples: Securities Purchase Agreement (Webb Interactive Services Inc)
