Redemption Shares definition
Examples of Redemption Shares in a sentence
Effective upon payment of the Redemption Price, SLE, on behalf of itself and its affiliates, successors, and assigns, hereby releases and forever discharges YP and its members, managers, affiliates, successors, and assigns from any and all claims, demands, actions, causes of action, liabilities, damages, costs, and expenses of any kind or nature whatsoever, whether known or unknown, arising out of or relating to the Redemption Shares or the ELOC.
YP has no other claims against SLE with respect to the Redemption Shares, the ELOC (whether for accrued and unpaid dividends, interest, fees, or otherwise), or otherwise.
Effective upon receipt of the Redemption Price, YP, on behalf of itself and its members, managers, affiliates, successors, and assigns, hereby releases and forever discharges SLE and its officers, directors, employees, agents, affiliates, successors, and assigns from any and all claims, demands, actions, causes of action, liabilities, damages, costs, and expenses of any kind or nature whatsoever, whether known or unknown, arising out of or relating to the Redemption Shares or the ELOC.
Provided however, at any time until YP receives the Redemption Price, YP may convert any portion of the Redemption Shares.
YP shall have no further rights with respect to the Redemption Shares, including any rights to dividends, voting, liquidation preference, or conversion, and SLE shall have no further obligations to YP with respect to the Redemption Shares.