Common use of Change of Control Redemption Notice Clause in Contracts

Change of Control Redemption Notice. Each Change of Control Redemption Notice shall state: (a) the Change of Control Redemption Price; (b) the date of the closing of the redemption, which pursuant to Section 7.1 shall be the date of consummation of the Change of Control (the applicable date, the “Change of Control Redemption Date”); (c) a description of the payments and other actions required to be made or taken in order to satisfy all of the Company’s obligations under the Credit Facility; and (d) the manner and place designated for surrender by the holder to the Company of his, her or its certificate or certificates, if any, representing the Shares of Series B Preferred Stock to be redeemed.

Appears in 1 contract

Sources: Investment Agreement (Verint Systems Inc)

Change of Control Redemption Notice. Each Change of Control Redemption Notice shall state: (a) the Change of Control Redemption Price; (b) the date of the closing of the redemption, which pursuant to Section 7.1 shall be the date of consummation of the Change of Control (the applicable date, the “Change of Control Redemption Date”); (c) a description of the payments and other actions required to be made or taken in order to satisfy all of the Company’s obligations under the Credit Facility; and (d) the manner and place designated for surrender by the holder to the Company of his, her or its certificate or certificates, if any, representing the Shares of Series B A Preferred Stock to be redeemed.

Appears in 1 contract

Sources: Investment Agreement (Verint Systems Inc)