Examples of Redemption Effective Date in a sentence
Following the Redemption Effective Date, all shares called for redemption shall thereafter cease to exist except to the extent that they evidence a right of the record holder as of the date of the Redemption Notice to receive the redemption proceeds for such shares.
No holder of shares of Series A Preferred Stock shall have any right to require the Corporation to redeem any shares of Series A Preferred Stock prior to the earlier of (i) 10 years from the Original Issuance Date, (ii) a Change of Control, or (iii) the sale by the Corporation of all or substantially all of its assets (the "Optional Redemption Effective Date").
The Redemption Effective Date specified in the Redemption Notice shall be a date not less than twenty (20) or more than ninety (90) days after the date of the Redemption Notice.
The Series F Preferred Stock subject to a Redemption shall have all Dividend Rights immediately terminate effective as of the Redemption Effective Date (provided that such Redemption Amount is paid by the Corporation on such Redemption Effective Date), unless otherwise agreed in the sole discretion of the Corporation.
The written notice (the "Redemption Notice") for any such call of redemption by the Company shall specify the effective date of such redemption (the "Redemption Effective Date"); provided, however, that the Redemption Effective Date shall be no less than 60 days and no more than 90 days following the Redemption Notice.
If any Class A Common Shares are to be delivered as part of the redemption price, (x) the number of Class A Common Shares to be delivered will be determined on the basis of the average of the closing market prices of those shares for the 10 Trading Days following the Redemption Effective Date and (y) those shares will be deliverable on the 12th Trading Day following the Redemption Effective Date.
If the Redemption Effective Date falls after a Dividend Record Date and before the related Dividend Payment Date, the holders of Series A Preferred Shares at the close of business on that Dividend Record Date will be entitled to receive the dividend payable on those shares on the corresponding Dividend Payment Date, even if those shares are redeemed after that Dividend Record Date.
Any shares of Series A Preferred Stock which are not redeemed as a result of the circumstances described in this Section 7(c) shall remain outstanding until such shares shall have been redeemed and the redemption price therefor, as applicable, shall have been paid or set aside for payment in full, and for all periods of time from the Redemption Effective Date through the date of such payment (or setting aside) in full the applicate Rate shall be increased by 2.0% per annum.
Dated: __________, ____ Redemption Effective Date: __________, ____ (Name of Limited Partner) (Signature of Limited Partner) (Mailing Address) (City) (State) (Zip Code) Signature Guaranteed by SCHEDULE A SERIES A CONVERTIBLE, PERPETUAL PREFERRED UNITS ADDENDUM (THE “ADDENDUM”) Establishing and Fixing the Rights and Preferences of Series A Convertible, Perpetual Preferred Units Designation and Number Designation and Number.
At any time on and after the Section 7(a) Redemption Effective Date, the Corporation may, at its sole discretion, redeem all or less than all of the outstanding shares of Convertible Preferred Stock at the Redemption Price (as defined below).