Examples of Redeemed Shares in a sentence
At a closing, in exchange for the Redeemed Shares, Company will make payment to Drexel of an amount equal to the Redemption Price multiplied by the number of Redeemed Shares (the "Aggregate Redemption Amount") then being redeemed by Drexel.
If the Trigger Event is caused by an occurrence described in Sections 3.4(i) - (vi), then all Redeemed Shares pursuant to Section 3.4 will be transferred, and the Aggregate Redemption Amount for such Redeemed Shares will be paid, at a closing to be held within thirty (30) days of the date Company received the Redemption Notice, or in the case of an Appraisal, within fifteen (15) days after a final Appraisal has been delivered to Company and Drexel as set forth in Exhibit D.
Upon the RA Closing, FH will convey the Redeemed Shares to FX free and clear of all Liens.
The aggregate Redemption Price consisting of One Million Five Hundred Thousand Dollars ($1,500,000.00) plus an amount equal to the aggregate accrued and unpaid dividends due on the Redeemed Shares through the Redemption Date will become due and payable as of the Redemption Date.
The Redeemed Shares are not subject to any Contract restricting or otherwise relating to the voting, distribution rights or disposition of such Redeemed Shares.