Share Redemption. The Series B Preferred shares have a Redemption feature that allows the Corporation to purchase the shares back from the shareholder. The Corporation shall have the right to Redeem any or all of the Series B Preferred shares at any time for $1.00 per share in cash, unless other terms have been agreed to. The Corporation and the Series B shareholder may agree from time to time to exchange cash or shares of another class stock with the an equal or greater value of $1.00 per share.
Partial Exercise. An exercisable Option may be exercised in whole or in part. However, an Option shall not be exercisable with respect to fractional shares and the Administrator may require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of Shares.
Partial Invalidity. If any provision of this Agreement is held to be invalid or unenforceable, such invalidity or unenforceability shall not invalidate this Agreement as a whole, but this Agreement shall be construed as though it did not contain the particular provision held to be invalid or unenforceable and the rights and obligations of the parties shall be construed and enforced only to such extent as shall be permitted by applicable law.
Partial Condemnation. If any part of the Premises is condemned by eminent domain, inversely condemned, or sold in lieu of condemnation for any public or quasi-public use or purpose, and in the reasonable opinion of the parties this partial condemnation renders the Premises unusable by the Tenant, this Lease will terminate as of the date of title vesting in that proceeding and all Rent payments will be abated from the date of such termination. If in the reasonable opinion of parties the partial condemnation does not render the Premises unusable by the Tenant, the parties will agree on an abatement in rent in an amount equal to the reduction in leasehold value resulting from such partial condemnation. If the parties cannot agree on such a reasonable value, they shall submit their dispute to binding arbitration, pursuant to the arbitration section below.
Partial Invalidity. If any term, provision or condition contained in this Lease shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term, provision or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable, shall not be affected thereby, and each and every other term, provision and condition of this Lease shall be valid and enforceable to the fullest extent possible permitted by law.
Partial Indemnity. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee is entitled.
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for some claims, issues or matters, but not as to other claims, issues or matters, or for some or a portion of the Expenses, judgments, fines or penalties actually and reasonably incurred by Indemnitee or amounts actually and reasonably paid in settlement by Indemnitee in the investigation, defense, appeal or settlement of any Proceeding, but not for the total amount thereof, the Corporation shall nevertheless indemnify Indemnitee for the portion of such claims, issues or matters or Expenses, judgments, fines, penalties or amounts paid in settlement to which Indemnitee is entitled.
No Redemption Requirements. There are no authorized or outstanding options, warrants, equity securities, calls, rights, commitments or agreements of any character by which [[Organization B:Organization]] or any of the is obligated to issue, deliver or sell, or cause to be issued, delivered or sold, any shares of capital stock or other securities of [[Organization B:Organization]] There are no outstanding contractual obligations (contingent or otherwise) of [[Organization B:Organization]] to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, [[Organization B:Organization]] or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any other entity.
The Issuer may redeem the Notes at its option, in whole at any time, upon not less than 30 nor more than 60 days’ prior written notice to the Roll-Up Notes Agent, at the redemption price of 100.000% (expressed as a percentage of principal amount), plus accrued and unpaid interest and additional interest, if any, to (but not including) the redemption date or Maturity Date, as applicable.
Closing of Redemption. Subject to the terms and conditions of this Certificate, including, without limitation, the Corporation’s timely delivery of a proper Redemption Notice in accordance with this Certificate, the closing of the Redemption (the “Closing”) shall take place, remotely, on the Redemption Date. At the Closing, the Corporation shall deliver the Purchase Price payable to each Holder by wire transfer per instructions provided by the Holder, and the Holders shall sell to the Corporation, all of the Series E Preferred Stock at the Redemption Price. Upon indefeasible receipt of the full Redemption Price in cash by each Holder, all Series E Preferred Stock held by such Holder shall cease to be outstanding.
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