Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. In the event of a Change of Control, the Issuer will have the option to redeem the Series A Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If the Issuer exercises its redemption right, by sending the required notice, with respect to some or all of the Series A Preferred Stock, the holders of Series A Preferred Stock will not be permitted to exercise the conversion rights described below in respect of any Series A Preferred Stock called for redemption.

Appears in 4 contracts

Samples: Underwriting Agreement (NexPoint Real Estate Finance, Inc.), Underwriting Agreement (NexPoint Real Estate Finance, Inc.), Management Agreement (KKR Real Estate Finance Trust Inc.)

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Special Optional Redemption. In the event of a Change of Control, the Issuer will have the option to redeem the Series A D Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends distributions (whether or not declared) to, but not includingexcluding, the redemption datedate of redemption. If the Issuer exercises its redemption right, by sending the required notice, with respect to some or all of the Series A D Preferred Stock, the holders of Series A D Preferred Stock will not be permitted to exercise the conversion rights described below in respect of any Series A D Preferred Stock called for redemption.

Appears in 2 contracts

Samples: Management Agreement (ACRES Commercial Realty Corp.), Management Agreement (ACRES Commercial Realty Corp.)

Special Optional Redemption. In Upon the event occurrence of a Change of ControlControl (as defined below), the Issuer we will have the option to redeem the our Series A Preferred Stock, in whole whole, at any time, or in part, from time to time, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If To the Issuer exercises its extent that we exercise our special optional redemption right, by sending the required notice, with respect right relating to some or all of the Series A Preferred Stock, the holders of Series A Preferred Stock will not be permitted to exercise the conversion rights right described below in respect of any Series A Preferred Stock their shares called for redemption.

Appears in 2 contracts

Samples: Underwriting Agreement (Colony Financial, Inc.), Underwriting Agreement (Colony Financial, Inc.)

Special Optional Redemption. In Upon the event occurrence of a Change of ControlControl (as defined below), the Issuer will have the option to may, at its option, redeem the Series A Preferred Stock, in whole or in part, part and within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of occurred, by paying $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption datedate of redemption. If If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption right, by sending the required notice, with respect rights relating to some or all of the Series A Preferred StockStock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not be permitted to exercise have the conversion rights described below in respect of any Series A Preferred Stock called for redemptionbelow.

Appears in 2 contracts

Samples: Underwriting Agreement (Armada Hoffler Properties, Inc.), Underwriting Agreement (Armada Hoffler Properties, Inc.)

Special Optional Redemption. In Upon the event occurrence of a Change of ControlControl (as defined below), the Issuer will have the option to may, at its option, redeem the Series A Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of occurred, by paying $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) up to, but not includingexcluding, the redemption datedate of redemption. If If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption right, by sending the required notice, with respect rights relating to some or all of the Series A Preferred StockStock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not be permitted to exercise have the conversion rights described below in respect of any Series A Preferred Stock called for redemptionbelow.

Appears in 2 contracts

Samples: Underwriting Agreement (CTO Realty Growth, Inc.), Underwriting Agreement (CTO Realty Growth, Inc.)

Special Optional Redemption. In Upon the event occurrence of a Change of Control, the Issuer will have the option to may, at its option, redeem the Series A Preferred Stock, in whole or in part, part within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of occurs, by paying $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption datedate of redemption. If If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption right, by sending the required notice, with respect rights relating to some or all of the Series A Preferred StockStock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not be permitted to exercise have the conversion rights described below in respect of any Series A Preferred Stock called for redemptionbelow.

Appears in 1 contract

Samples: Underwriting Agreement (Terreno Realty Corp)

Special Optional Redemption. In Upon the event occurrence of a Change of ControlControl (as defined below), the Issuer we will have the option to redeem the our Series A B Preferred Stock, in whole whole, at any time, or in part, from time to time, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If To the Issuer exercises its extent that we exercise our special optional redemption right, by sending the required notice, with respect right relating to some or all of the Series A B Preferred Stock, the holders of Series A B Preferred Stock will not be permitted to exercise the conversion rights right described below in respect of any Series A Preferred Stock their shares called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (Colony Financial, Inc.)

Special Optional Redemption. In Upon the event occurrence of a β€œChange of Control”, the Issuer will have the option to may, at its option, redeem the Series A B Preferred Stock, in whole or in part, part within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of occurred, by paying $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption datedate of redemption. If If, prior to the Change of Control Conversion Date, the Issuer exercises any of its redemption right, by sending the required notice, with respect rights relating to some or all of the Series A B Preferred StockStock (whether the optional redemption right or the special optional redemption right), the holders of Series A B Preferred Stock will not be permitted to exercise have the conversion rights described below in respect of any Series A Preferred Stock called for redemptionbelow.

Appears in 1 contract

Samples: Underwriting Agreement (STAG Industrial, Inc.)

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Special Optional Redemption. In the event of a Change of Control, the Issuer will have the option to redeem the Series A C Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption datedate of redemption. If the Issuer exercises its redemption right, by sending the required notice, with respect to some or all of the Series A C Preferred Stock, the holders of Series A C Preferred Stock will not be permitted to exercise the conversion rights described below in respect of any Series A C Preferred Stock called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (TPG RE Finance Trust, Inc.)

Special Optional Redemption. In Upon the event occurrence of a Change of ControlControl (as defined below), the Issuer will have the option to may, at its option, redeem the Series A Preferred Stock, in whole or in part, part within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of occurred, by paying $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption datedate of redemption. If If, prior to the Change of Control Conversion Date (as defined below), the Issuer exercises any of its redemption right, by sending the required notice, with respect rights relating to some or all of the Series A Preferred StockStock (whether the optional redemption right or the special optional redemption right), the holders of Series A Preferred Stock will not be permitted to exercise have the conversion rights described below in respect of any Series A Preferred Stock called for redemptionbelow.

Appears in 1 contract

Samples: Underwriting Agreement (DiamondRock Hospitality Co)

Special Optional Redemption. In Upon the event occurrence of a Change of ControlControl (as defined below), the Issuer we will have the option to redeem the our Series A I Preferred Stock, in whole whole, at any time, or in part, from time to time, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If To the Issuer exercises its extent that we exercise our special optional redemption right, by sending the required notice, with respect right relating to some or all of the Series A I Preferred Stock, the holders of Series A I Preferred Stock will not be permitted to exercise the conversion rights right described below in respect of any Series A Preferred Stock their shares called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (Colony NorthStar, Inc.)

Special Optional Redemption. In the event of a Change of Control, the Issuer will have the option to redeem the Series A E Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If the Issuer exercises its redemption right, by sending the required notice, with respect to some or all of the Series A E Preferred Stock, the holders of Series A E Preferred Stock will not be permitted to exercise the conversion rights described below in respect of any Series A E Preferred Stock called for redemption.

Appears in 1 contract

Samples: Underwriting Agreement (Ready Capital Corp)

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