Common use of Effect of Redemption Clause in Contracts

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 7, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Registration Rights Agreement (Expedia Group, Inc.), Registration Rights Agreement (Expedia Group, Inc.)

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Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 76, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Registration Rights Agreement (Expedia Group, Inc.), Registration Rights Agreement (Expedia Group, Inc.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock Shares redeemed pursuant to this Section paragraph 7, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred StockShares, and such shares of Series A Preferred Stock Shares shall cease to be outstandingoutstanding and the Holders shall cease to have the rights of Members in respect of such shares (except the right to be paid the applicable redemption price).

Appears in 1 contract

Samples: Investment Agreement (Despegar.com, Corp.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A A-1 Preferred Stock redeemed pursuant to this Section 76, Dividends shall no longer accrue or be declared on any such shares of Series A A-1 Preferred Stock, and such shares of Series A A-1 Preferred Stock shall cease to be outstanding, and all rights (except to receive the applicable Redemption Price as described herein) with respect to such shares shall cease and terminate, notwithstanding that any certificate of any share called for redemption has not been surrendered for cancellation.

Appears in 1 contract

Samples: Investor Rights Agreement (KORE Group Holdings, Inc.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A B Preferred Stock Shares redeemed pursuant to this Section 7paragraph 6, Dividends shall no longer accrue or be declared on any such shares of Series A B Preferred StockShares, and such shares of Series A B Preferred Stock Shares shall cease to be outstandingoutstanding and the Holders shall cease to have the rights of Members in respect of such shares (except the right to be paid the applicable redemption price).

Appears in 1 contract

Samples: Investment Agreement (Despegar.com, Corp.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 78, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Pandora Media, Inc.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 710, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Pandora Media, Inc.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 79, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Pandora Media, Inc.)

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Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A B Preferred Stock redeemed pursuant to this Section 78, Dividends dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, and such shares of Series A B Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Investment Agreement (Plymouth Industrial REIT Inc.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A B Preferred Stock redeemed pursuant to this Section 79, Preferred Dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, and such shares of Series A B Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Zix Corp)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock Shares redeemed pursuant to this Section 7paragraph 6, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred StockShares, and such shares of Series A Preferred Stock Shares shall cease to be outstandingoutstanding and the Holders shall cease to have the rights of Members in respect of such shares (except the right to be paid the applicable redemption price).

Appears in 1 contract

Samples: Investment Agreement (Despegar.com, Corp.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 78.1, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Pandora Media, Inc.)

Effect of Redemption. Effective immediately prior to the close of business on the Redemption Date for any shares of Series A Preferred Stock redeemed pursuant to this Section 79, Participating Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Zix Corp)

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