Common use of Exchange and Redemption Clause in Contracts

Exchange and Redemption. On the terms and subject to the conditions set forth herein, on (a) the later to occur of (i) October 30, 2015 and (ii) the third Business Day following the date on which the last to be satisfied or waived of the conditions set forth in Article VI (other than those conditions that by their nature are to be satisfied at Closing, but subject to the fulfillment or waiver of those conditions) shall be satisfied or waived in accordance with this Agreement, or (b) at such other time and place as the Parties may agree, the Parties will consummate the Transactions (the “Closing”) by making the deliveries or taking the actions set forth in Section 2.2 and Section 2.3.