Common use of Special Optional Redemption Right Clause in Contracts

Special Optional Redemption Right. Upon the occurrence of a Change of Control (as defined below), the Corporation may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series D Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of Twenty-Five Dollars ($25.00) per share, plus any accrued and unpaid dividends thereon to, but not including, the date fixed for redemption. If, prior to the Change of Control Conversion Date (as defined below), the Corporation has provided notice of its election to redeem some or all of the shares of Series D Preferred Stock pursuant to this Section 5, the holders of Series D Preferred Stock will not have the Change of Control Conversion Right (as defined below) with respect to the shares of Series D Preferred Stock called for redemption. If the Corporation elects to redeem any shares of Series D Preferred Stock as described in this Section 5(b), it may use any available cash to pay the redemption price, and it will not be required to pay the redemption price only out of the proceeds from the issuance of other equity securities or any other specific source.

Special Optional Redemption Right. Upon Notwithstanding anything to the contrary contained in Section 6(a), upon the occurrence of a Change of Control (as defined below)Control, the Corporation may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series D H Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of Twenty-Five Dollars ($25.00) per share, plus any accrued accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. If, prior to the Change of Control Conversion Date (as defined belowhereinafter defined), the Corporation has provided notice of its election to redeem some or all of the shares of Series D H Preferred Stock pursuant to this Section 56, the holders of Series D H Preferred Stock will not have the Change of Control Conversion Right (as defined belowhereinafter defined) with respect to the shares of Series D Preferred Stock called for redemption. If the Corporation elects to redeem any shares of Series D H Preferred Stock as described in this Section 5(b6(c), it may use any available cash to pay the redemption price, and it will not be required to pay the redemption price only out of the proceeds from the issuance of other equity securities or any other specific source.

Special Optional Redemption Right. Upon the occurrence of a Change of Control (as defined below), provided no Limiting Document may prohibit it, the Corporation may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series D Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of Twenty-Five Dollars ($25.00) 25.00 per share, plus any accrued accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. If, prior to the Series D Change of Control Conversion Date (as defined below), the Corporation has provided notice of its our election to redeem some or all of the shares of Series D Preferred Stock (whether pursuant to this Section 5Sections 6(f)(vi)(B) or (C)), the holders of Series D Preferred Stock will not have the Series D Change of Control Conversion Right (as defined below) with respect to the shares of Series D Preferred Stock called for redemption. If the Corporation elects to redeem any shares of Series D Preferred Stock as described in this Section 5(b6(f)(vi)(C), it may use any available cash to pay the redemption price, and it will not be required to pay the redemption price only out of the proceeds from the issuance of other equity securities or any other specific source.

Special Optional Redemption Right. Upon Notwithstanding anything to the contrary contained in Section 6(a), upon the occurrence of a Change of Control (as defined below)Control, the Corporation may, at its option, upon not less than 30 nor more than 60 days’ written notice, redeem the Series D C Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of Twenty-Five Thousand Dollars ($25.0025,000.00) per share, plus any accrued accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. If, prior to the Change of Control Conversion Date (as defined belowhereinafter defined), the Corporation has provided notice of its election to redeem some or all of the shares of Series D C Preferred Stock pursuant to this Section 56, the holders of Series D C Preferred Stock will not have the Change of Control Conversion Right (as defined belowhereinafter defined) with respect to the shares of Series D Preferred Stock called for redemption. If the Corporation elects to redeem any shares of Series D C Preferred Stock as described in this Section 5(b6(c), it may use any available cash to pay the redemption price, and it will not be required to pay the redemption price only out of the proceeds from the issuance of other equity securities or any other specific source.