Examples of Cash Redemption Price in a sentence
The Corporation shall pay the applicable Cash Redemption Price in immediately available funds to the Holder on the Redemption Date.
If any holder fails to timely give an Election Notice to the Company, the holder shall be deemed to have elected to have such Series C Preferred Stock redeemed for cash at the Cash Redemption Price.
Notwithstanding anything to the contrary in this Section 10(b), but subject to Section 3(d), until the Holder Optional Cash Redemption Price (together with any interest thereon) is paid in full, the Holder Optional Cash Redemption Amount (together with any interest thereon) may be converted, in whole or in part, by the Holder into Common Stock pursuant to Section 3.
Upon the date fixed for redemption, the Company shall either set aside cash funds having a value equal to the aggregate Cash Redemption Price for the shares of Series C Preferred Stock to be redeemed or issue shares of Class A Common Stock in the number required to pay the Stock Redemption Price.
In the event that the Corporation shall default in its payment of the Redemption Price (as defined in Section 5(b) below) or if it shall have insufficient funds legally available to pay the Cash Redemption Price (as defined in Section 5(b) below) under Section 5(c), the Corporation shall promptly give written notice thereof to each holder of Preferred Stock.