Examples of Per Share Redemption Price in a sentence
The Redemption Notice shall contain (i) the number of shares of Series A Preferred Stock held by the holder and the total number of shares of Series A Preferred Stock held by all holders subject to redemption as of such Redemption Date, (ii) the Redemption Date, and (iii) the applicable Per Share Redemption Price.
Each holder of shares of Series A Preferred Stock to be redeemed under this Section 7 shall surrender the certificate or certificates representing such shares to the Corporation at the place designated in the Redemption Notice, and thereupon the Per Share Redemption Price for each share to be redeemed as set forth in this Section 7 shall be paid to the order of the person whose name appears on such certificate or certificates.
On the Effective Date, the members of the LLCs who held any certificate or book entry that formerly represented member interests in the LLCs outstanding on the Effective Date shall cease to have any rights with respect to said member interests, and their sole rights shall be with respect to the Per Share Redemption Price into which their member interests shall have been ultimately converted by the Share Exchange.
On the seventh anniversary of its Issuance Date (the "Mandatory Redemption Date"), the Corporation shall redeem each outstanding share of Series B Preferred Stock for a redemption price equal to the applicable Per Share Redemption Price (as defined below) payable with respect to such share of Series B Preferred Stock.
The Holding Company shall pay the Per Share Redemption Price to the members of the LLCs and to Mx. Xx Xxxx within ten (10) Business Days after the Effective Date.
The redemption price for the Class A Preferred Stock shall be$10.00 per share, plus an amount equal to all cumulative dividends in arrears on such stock and the proportional part of the dividend accrued since the immediately preceding date for the payment of dividends to the date fixed for redemption, but without interest (the "Per Share Redemption Price").
The Corporation shall, within ten (10) business days after receipt of an appropriate and timely Redemption Notice (the "Redemption Deadline") deliver to such holder of Series A Preferred Stock the Per Share Redemption Price multiplied by the number of shares of Series A Preferred Stock that are being 3 redeemed in United States currency by cash or delivery of a certified check or bank draft payable to the order of the holder or by wire transfer to the holder.
QIn the event of a Sale of the Corporation in which the shares of Common Stock are exchanged for or changed into cash or other property (other than consideration consisting solely of common stock of the acquiring or surviving entity), then prior to or upon consummation of such transaction the Corporation shall redeem all of the then outstanding shares of Series B Preferred Stock at a redemption price, payable in cash, equal to the Per Share Redemption Price.
Irrespective of whether the certificates therefor shall have been surrendered, all shares of Series A Preferred Stock which are the subject of the Redemption Notice shall be deemed to have been redeemed and shall be canceled effective as of the Redemption Date of such Redemption Notice, unless the Corporation shall default in the payment of the Per Share Redemption Price for any share of Series A Preferred Stock to be redeemed.
In the event and to the extent that any of the Subject Shares shall be subject to redemption and repurchase by the Company, the redemption price per share shall be $3.75 per Subject Share (the “Per Share Redemption Price”), and the total amount payable (the “Redemption Amount”) shall be the product of multiplying (i) the Per Share Redemption Price, by (ii) the number of Redemption Shares being repurchased by the Company.