Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below), the Issuer may, at its option, redeem the Series A Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (DiamondRock Hospitality Co)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below), the Issuer may, at its option, redeem the Series A Preferred Stockseries K preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock series K preferred stock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock series K preferred stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Digital Realty Trust, L.P.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below), the Issuer may, at its option, redeem the Series series A Preferred Stockpreferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption rights relating to the Series series A Preferred Stock preferred stock (whether the optional redemption right or the special optional redemption right), the holders of Series series A Preferred Stock preferred stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Spirit Realty, L.P.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control”, the Issuer may, at its option, redeem the Series A B Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying for cash, at a redemption price of $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below)Date, the Issuer exercises any of its redemption rights relating to the Series A B Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A B Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Rexford Industrial Realty, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control”, the Issuer may, at its option, redeem the Series A Preferred StockJ preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below)Date”, the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock J preferred stock (whether the optional redemption right, the special optional redemption right or the special REIT qualification optional redemption right), the holders of Series A Preferred Stock J preferred stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Taubman Centers Inc)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control”, the Issuer may, at its option, redeem the Series A B Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below)Date, the Issuer exercises any of its redemption rights relating to the Series A B Preferred Stock (whether the optional redemption right or the special optional redemption right), the holders of Series A B Preferred Stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (STAG Industrial, Inc.)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined below)Control”, the Issuer may, at its option, redeem the Series A Preferred StockK preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below)Date”, the Issuer exercises any of its redemption rights relating to the Series A Preferred Stock K preferred stock (whether the optional redemption right, the special optional redemption right or the special REIT qualification optional redemption right), the holders of Series A Preferred Stock K preferred stock will not have the conversion rights described below.

Appears in 1 contract

Sources: Underwriting Agreement (Taubman Centers Inc)

Special Optional Redemption. Upon the occurrence of a Change of Control (as defined belowin the articles supplementary), the Issuer DLR may, at its option, redeem the Series A Preferred Stockseries K preferred stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If, prior to the Change of Control Conversion Date (as defined below), the Issuer DLR exercises any of its redemption rights relating to the Series A Preferred Stock series K preferred stock (whether the its optional redemption right or the its special optional redemption right), the holders of Series A Preferred Stock series K preferred stock will not have the conversion rights right described below.

Appears in 1 contract

Sources: Purchase Agreement (Digital Realty Trust, Inc.)