Examples of Redemption Offering in a sentence
Each Holdback Agreement shall be in writing in form and substance reasonably satisfactory to the Company and the managing underwriters and, in the case of a Redemption Offering, Berkshire.
Notwithstanding any other provision of this Agreement, the Company shall not be obligated to take any action hereunder that would violate any lockup or similar restriction binding on the Company and that was approved in advance by 3G and Berkshire, or in the case of a Redemption Offering, that was approved in advance by Berkshire, in connection with a prior or pending registration or underwritten offering.
The “Net Proceeds Redemption Date” shall mean, with respect to any Redemption Offering, the date of receipt by the Corporation of any Offering Proceeds from such Redemption Offering.
Notwithstanding the foregoing, except for a Redemption Offering, no Investor shall be obligated to make any Holdback Agreement unless the Company and each selling shareholder in such offering also execute agreements substantially similar to such Holdback Agreements.
The term “Redemption Offering Matters” means any matter determined in good faith by the Redemption Offering Board to be necessary or convenient to effecting a Redemption Offering (including, for the avoidance of doubt, the approval of the issuance of, and determination of consideration for, shares of Common Stock in a Redemption Offering) and effecting a related Net Proceeds Redemption.
All references in this Article VII(B) to a director shall also be deemed to refer to a member of the Redemption Offering Board.
For the avoidance of doubt, if Net Proceeds from a Redemption Offering are insufficient to redeem all outstanding shares of Series A Preferred Stock, the Net Proceeds of each successive Redemption Offering shall be applied to redeem shares of Series A Preferred Stock, at the Redemption Price, until all outstanding shares of Series A Preferred Stock have been redeemed.
Except for the corporate power and authority of a Redemption Offering Board (as defined and provided for in the Certificate of Incorporation), all corporate powers shall be exercised by or under the authority of, and the business and affairs of the Corporation shall be managed under the direction of, the Board of Directors.
The Unit Par Value or the balance of the unit par value of the Second Series Debentures, as the case may be, will be amortized in one (01) installment, due on the Second Series Debentures’ Maturity Date, subject to the hypothesis of Optional Early Redemption, Early Redemption Offering, Mandatory Extraordinary Amortization and Optional Amortization, as appropriate.
The Third Series Debentures shall be effective for three (3) years counted as of the Issue Date, maturing, therefore, on August 20, 2022 (“ Third Series Debentures’ Maturity Date”), except for the hypothesis of Optional Early Redemption of all, Mandatory Early Redemption, Early Redemption Offering with the subsequent cancellation of all the Debentures and the Early Maturity Hypothesis, as defined below.