Redemption of the Shares. Seller hereby agrees to sell and assign all of the Shares to Buyer at the closing and agrees to execute such stock powers and other instruments of conveyance as may be reasonably requested by Buyer in order to effectuate the transfer of the Shares.
Redemption of the Shares a. Subject to the terms and conditions hereinafter set forth, at the Closing (as hereinafter defined), the Borrower shall redeem the Shares from the Lender for total consideration of One Hundred and Seventy-five Thousand dollars ($175,000.00) (the “Purchase Price”). The Purchase Price shall be paid at Closing (as hereinafter defined) through (i) the Lender retaining the Overpayment Amount (as hereinafter defined in Section 5), and (ii) the payment by the Borrower to Lender of an additional $160,321.08 (the “Purchase Funds”).
Redemption of the Shares. Concurrent with the Closing of the Merger, the Company shall redeem the Shares from Auberry in lieu of a payment by the Company to Auberry in the amount of one dollar ($1.00).
Redemption of the Shares. Upon the terms and subject to the fulfillment, expiry or waiver of the conditions of this Agreement as set forth in Section 2.4 below (the “Conditions”), on the Redemption Date, Seller shall sell, assign, transfer and convey to the Company and the Company shall purchase, acquire, and accept from Seller, all of Seller’s right, title and interest in and to the Shares for the Redemption Price (such redemption being, the “Redemption”). The “Redemption Date” for the purposes of this Agreement shall be (i) December 30, 2005 provided that all of the Conditions have been satisfied as at such date; or if all of such Conditions have not been satisfied, (ii) such later date which is two Business Days following the satisfaction of the Conditions but in no case later than December 29, 2006 unless any Condition in Section 2.4(a)(i) or Section 2.4(a)(iii) remains unsatisfied in which case it be such later date upon which such Condition is satisfied.
Redemption of the Shares. The Company shall exercise its right to redeem for cash all of the Shares held by the Preferred Stockholders on the date that the Xxxxxxxxxx Purchase is consummated or on the following Business Day (the date of such redemption being referred to herein as the "Redemption Date") at a price per Share equal to the Mandatory Redemption Price as of the Redemption Date. As of April 3, 2001, the Mandatory Redemption Price per Share will equal $26.261112, of which $0.011112 represents the Accrued Dividends per Share. During the period beginning on April 3, 2001 and ending on April 13, 2001 the Accrued Dividends per Share, and therefore the Mandatory Redemption Price per Share, shall increase by $0.005556 for each day after April 3, 2001 up to but not including the Redemption Date; PROVIDED HOWEVER that nothing in this Agreement is intended to address what the Mandatory Redemption Price would be for any date after April 13, 2001. The Company shall direct the escrow agent with whom Xxxxxxxxxx XX, Inc. is depositing the funds in respect of the Xxxxxxxxxx Purchase to transfer all amounts due to each Preferred Stockholder pursuant to this Section 1.1 directly to such Preferred Stockholder in accordance with the instructions set forth in Section 1.3 below.
Redemption of the Shares. Pursuant to the Xxxxxxx Agreement, the Company shall purchase and redeem 160,000 Shares (which Shares are in addition to, and separate and apart from, other Shares which the Company shall purchase and redeem pursuant to the Xxxxxxx Agreement).
Redemption of the Shares. (a) For good and valuable consideration as set forth in the Settlement Agreement, the Seller hereby agrees to sell, assign, transfer and deliver all of his right, title and interest in and to the Shares to the Corporation, and the Corporation desires to acquire and redeem such Shares.
Redemption of the Shares
