Common use of No Redemption; No Sinking Fund Clause in Contracts

No Redemption; No Sinking Fund. (a) The shares of Series B Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B Preferred Stock by mutual agreement with any holder or holders thereof.

Appears in 4 contracts

Samples: Loan Agreement and Secured Promissory Note (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.), Leak Out Agreement (Cellteck Inc.)

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No Redemption; No Sinking Fund. (a) The shares of Series B C Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series B C Preferred Stock; provided, however, that the Company Corporation may purchase or otherwise acquire outstanding shares of Series B C Preferred Stock in the open market or by mutual agreement with offer to any holder or holders thereofof shares of Series C Preferred Stock.

Appears in 3 contracts

Samples: Rights Agreement (First Montauk Financial Corp), Rights Agreement (First Montauk Financial Corp), Rights Agreement (First Montauk Financial Corp)

No Redemption; No Sinking Fund. (a) The shares of Series B A Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B A Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B A Preferred Stock in the open market or by mutual agreement with offer to any holder or holders thereofof shares of Series A Preferred Stock.

Appears in 3 contracts

Samples: Rights Agreement (Onyx Software Corp/Wa), Rights Agreement (Avt Corp), Rights Agreement (Milacron Inc)

No Redemption; No Sinking Fund. (a) The shares of Series B Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series B Preferred Stock; provided, however, that the Company Corporation may purchase or otherwise acquire outstanding shares of Series B Preferred Stock in the open market or by mutual agreement with offer to any holder or holders thereofof shares of Series B Preferred Stock.

Appears in 2 contracts

Samples: Rights Agreement (Quality Dining Inc), Rights Agreement (Polaroid Corp)

No Redemption; No Sinking Fund. (a) The shares of Series B Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B Preferred Stock; provided, however, that that, subject to Section 4(a)(iv), the Company may purchase or otherwise acquire outstanding shares of Series B Preferred Stock in the open market or by mutual agreement with offer to any holder or holders thereofof shares of Series B Preferred Stock.

Appears in 1 contract

Samples: Section 382 Rights Agreement (Oculus Innovative Sciences, Inc.)

No Redemption; No Sinking Fund. (a) The shares of Series B A Preferred Stock shall not be subject to redemption by the Company Corporation or at the option of any holder of Series B A Preferred Stock; provided, however, that the Company Corporation may purchase or otherwise acquire outstanding shares of Series B A Preferred Stock in the open market or by mutual agreement with offer to any holder or holders thereofof shares of Series A Preferred Stock. (b) The shares of Series A Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund. SECTION 8.

Appears in 1 contract

Samples: Rights Agreement (Itt Destinations Inc /Nv)

No Redemption; No Sinking Fund. (a) The shares of Series B C Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B C Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B C Preferred Stock by mutual agreement with offer to any holder or holders thereof.

Appears in 1 contract

Samples: Investment Agreement (Hartford Financial Services Group Inc/De)

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No Redemption; No Sinking Fund. (a) The shares of Series B D Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B D Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B D Preferred Stock by mutual agreement with offer to any holder or holders thereof.

Appears in 1 contract

Samples: Investment Agreement (Hartford Financial Services Group Inc/De)

No Redemption; No Sinking Fund. (a) The shares of Series B A Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B A Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B A Preferred Stock by mutual agreement with any holder or holders thereof.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Primoris Services CORP)

No Redemption; No Sinking Fund. (a) The shares of Series B Preferred Stock shall not be subject to redemption by the Company or at the option of any holder of Series B Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B Preferred Stock by mutual agreement with offer to any holder or holders thereof.

Appears in 1 contract

Samples: Investment Agreement (Hartford Financial Services Group Inc/De)

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