Redemption of Redeemed Shares. (a) The Company will have authorized before the Closing the redemption of 1,389,024 shares of New Common Stock.
Redemption of Redeemed Shares. The Buyer shall cause the ----------------------------- Redemption of the Redeemed Shares to be made in accordance with applicable law. Without limiting the generality of the foregoing, the Buyer shall take such steps as are necessary to ensure that the Redemption may be accomplished in compliance with the requirements of the Delaware General Corporation Law.
Redemption of Redeemed Shares. 2 I.3 Consideration..........................................................2 I.4 Delivery of Purchased Shares...........................................2 I.5
Redemption of Redeemed Shares. Upon the terms and subject to the conditions set forth herein, at the Closing the Shareholder shall sell, transfer, convey and assign to the Company, and the Company shall redeem and purchase from the Shareholder (the "Redemption"), 94,520 shares of Class A Common Stock (the "Redeemed Shares").
Redemption of Redeemed Shares. 1 1.2 Purchase and Sale of Purchased Shares................................2 1.3 Purchase Price, Payment for Purchased Shares and Redeemed Shares.....2 1.4
Redemption of Redeemed Shares. At the Closing provided for in section 1.5, and on the terms and conditions set forth in this Agreement, ADLT shall sell, assign, transfer and deliver all Redeemed Shares to RLI and RLI shall purchase the Redeemed Shares from ADLT for the consideration specified in section 1.3(a) below.
Redemption of Redeemed Shares. 3 1.6 CONSIDERATION..............................................................................................4 1.7
Redemption of Redeemed Shares. Effective upon their issuance, the Company hereby redeems and purchases from the Member, and the Member hereby assigns, sells, transfers, conveys and releases to the Company, all of the Member’s right, title and interest in and to the Redeemed Shares, free and clear of any claims, pledges, liens or encumbrances of any nature.
Redemption of Redeemed Shares. PURCHASE AND SALE OF SELLER'S SHARES 9 2.01 Redemption 9 2.02 Consideration for Redemption 9 2.03 The Company's Oil and Gas Properties 9 2.04 Purchase and Sale 9 2.05 Purchase Price 9 2.06 Adjustment Amount 10 2.07 Closing 11 2.08 Deliveries at the Closing 11 2.09 Xxxxxxx Money Deposit 11
Redemption of Redeemed Shares. Hakim, AMT and CCCC each transfers, assigns and conveys to the Company, and the Company hereby redeems from each of Hakim, AMT and CCCC, all of the Redeemed Shares for $100 (the "Redemption Price") to be paid to each of Hakim, AMT and CCCC. Simultaneously with the Company's payment of the Redemption Price, each of Hakim, AMT and CCCC shall deliver to the Company, properly endorsed, all of the stock certificates that evidence the Redeemed Shares. The Redemption shall be deemed to have occurred upon the execution of this Agreement. The Company intends to cancel the Redeemed Shares. Each of Hakim, AMT and CCCC believes that the redemption of their shares by the Company upon the terms and conditions of this agreement is in each of their best interests.
