Subsequent Redemption definition
Examples of Subsequent Redemption in a sentence
In the event that Pegasus exercises its option to purchase the Membership Interests and Purchasers do not exercise their right to sell any Purchased Shares to Pegasus or any of its Affiliates pursuant to the Equity Put Option, then Purchasers and the Fund shall have (I) the right within ten (10) Business Days after the Initial Redemption Date to exercise its right to a Redemption and (II) the right at any time after the Subsequent Redemption Trigger Date to exercise its right to a Redemption.
At each Closing (as defined below), Corporation shall pay to Stockholder the Initial Redemption Proceeds or the Subsequent Redemption Proceeds due upon such Closing, as applicable, by wire transfer of immediately available federal funds.
At each Closing, Corporation will pay the Initial Redemption Proceeds or the Subsequent Redemption Proceeds, as applicable, due at such closing in the manner provided herein.
Subject to the limitations in Section 7.2(a), not less than sixty (60) days prior to January 1, 2019 (the "Initial Redemption Date") and each one (1) year anniversary thereafter (each a "Subsequent Redemption Date"), a Series A Member (each a "Redeeming Member") may submit a written redemption notice (each a "Redemption Notice") to Century Partners, LLC.
The Holder may require the Company to redeem any or all shares of Series A Preferred Stock held by the Holder by delivering an optional redemption notice to the Company substantially in the form attached as Annex L to the Main Agreement (the first such notice, the "Initial Redemption Notice," and each subsequent such notice a "Subsequent Redemption Notice." The Initial Redemption Notice and any Subsequent Redemption Notice are referred to herein as a "Redemption Notice").
Upon providing such Redemption Notice, the Redeeming Member shall have the right (the "Put Right") to cause Century Partners, LLC to purchase, with an effective date not later than nine (9) months after the Initial Redemption Date or a Subsequent Redemption Date, as applicable, all of such Redeeming Member’s Series A Membership Interest for a purchase price equal to the Series A Capital Contribution opposite such Redeeming Member’s name on Schedule A attached hereto.