Redemption of Preferred Stock. Whenever the Corporation shall be permitted and shall elect to redeem shares of Preferred Stock in accordance with the terms of the Certificate of Designations, it shall (unless otherwise agreed to in writing with the Depositary) give or cause to be given to the Depositary, not less than 35 days and not more than 65 days prior to the Redemption Date (as defined below), notice of the date of such proposed redemption of Preferred Stock and of the number of such shares held by the Depositary to be so redeemed and the applicable redemption price, which notice shall be accompanied by a certificate from the Corporation stating that such redemption of Preferred Stock is in accordance with the provisions of the Certificate of Designations. On the date of such redemption, provided that the Corporation shall then have paid or caused to be paid in full to the Depositary the redemption price of the Preferred Stock to be redeemed, plus an amount equal to any declared and unpaid dividends (without accumulation of any undeclared dividends) thereon to the date fixed for redemption, in accordance with the provisions of the Certificate of Designations, the Depositary shall redeem the number of Depositary Shares representing such Preferred Stock. The Depositary shall mail notice of the Corporation’s redemption of Preferred Stock and the proposed simultaneous redemption of the number of Depositary Shares representing the Preferred Stock to be redeemed by first-class mail, postage prepaid, not less than 30 days and not more than 60 days prior to the date fixed for redemption of such Preferred Stock and Depositary Shares (the “Redemption Date”), to the Record Holders of the Receipts evidencing the Depositary Shares to be so redeemed at their respective last addresses as they appear on the records of the Depositary; but neither failure to mail any such notice of redemption of Depositary Shares to one or more such Holders nor any defect in any notice of redemption of Depositary Shares to one or more such Holders shall affect the sufficiency of the proceedings for redemption as to the other Holders. Each such notice shall be prepared by the Corporation and shall state: (i) the Redemption Date; (ii) the number of Depositary Shares to be redeemed and, if less than all the Depositary Shares held by any such Holder are to be redeemed, the number of such Depositary Shares held by such Holder to be so redeemed; (iii) the redemption price or the manner of its calculation; (iv) the place ...
Redemption of Preferred Stock. (a) The Company may, at any time, redeem, and the holders of the outstanding Preferred Stock shall sell to the Company, at the redemption price equal to the sum of the Liquidation Preference per share plus an amount equal to all accrued and unpaid dividends per share (the "Redemption Price"), all or a portion of the outstanding Preferred Stock.
Redemption of Preferred Stock. As promptly as it is permitted to do so under the terms thereof, MediaOne will call for redemption and redeem the MediaOne Series C Preferred Stock and the MediaOne Series D Preferred Stock in accordance with the terms thereof.
Redemption of Preferred Stock. Subject to the consent of Acquiror (which shall not be unreasonably withheld or delayed), Tenneco may at any time hereafter, prior to the Effective Time, redeem the $4.50 Preferred Stock and/or the $7.40 Preferred Stock in accordance with their respective terms. 8
Redemption of Preferred Stock. Simultaneously with the Closing, Purchaser shall pay or cause to be paid to SBA on behalf of the Company the "Liquidation Value" (as defined in the Company's Certificate of Incorporation (the "Certificate of Incorporation")) of the Preferred Stock and all accrued and unpaid dividends thereon to which SBA is entitled in accordance with the Certificate of Incorporation as a result of the optional redemption of the Preferred Stock by the Company. The Company shall take all action necessary prior to Closing to provide for the redemption of the Preferred Stock at the Closing, including delivering any notice of redemption required under the Certificate of Incorporation. The amount payable pursuant to this Section 1.6 is referred to herein as the "Redemption Payments".
Redemption of Preferred Stock. If, at any time, any shares of Preferred Stock are redeemed, repurchased or otherwise acquired (whether by exercise of a put or call, automatically or by means of another arrangement) by the Managing Member for cash, then, immediately prior to such redemption, repurchase or acquisition of Preferred Stock, the Company shall purchase an equal number of Company Equivalent Units held by the Managing Member that correspond to the class or series of Preferred Stock so redeemed, repurchased or acquired upon the same terms and for the same price per Company Equivalent Unit, as such shares of Preferred Stock are redeemed, repurchased or acquired.
Redemption of Preferred Stock. The Company agrees to repurchase and redeem from the Stockholder and the Stockholder agrees to tender to the Company for repurchase and redemption, at the Closing (defined below), all of the Preferred Stock for an aggregate price of $500,000 payable as set forth below (the “Redemption Price”).
Redemption of Preferred Stock. Company shall use its reasonable best efforts to redeem all outstanding shares of preferred stock of Company, par value $1.00 per share (the “Company Preferred Stock”), in accordance with the restated certificate of incorporation, as amended, of Company prior to the date of the Stockholders’ Meeting.
Redemption of Preferred Stock. Evidence that Sellers have caused the redemption of the outstanding 3,500 shares of the Preferred Stock in a manner cost neutral and acceptable to Buyer.
Redemption of Preferred Stock. Notwithstanding the provisions of paragraphs 5 and 6 of Article Fifth of the Amended Charter, there shall be no redemption of Preferred Stock held by LGII or its Affiliates without the consent of LGII and BCP.
