Common use of Notice of Change of Control or Control Event Clause in Contracts

Notice of Change of Control or Control Event. The Company will, within five Business Days after any Responsible Officer has knowledge of the occurrence of any Change of Control or Control Event, give written notice of such Change of Control or Control Event to each holder of Notes (by telecopy transmission and, simultaneously with the sending of such telecopied notice, by sending a copy of such notice to each such holder via an overnight courier of international reputation), which notice will describe in reasonable detail the nature and date of the Change of Control or Control Event (a “Company Notice”). Each Company Notice shall constitute Confidential Information, as defined in Section 20, and shall be subject to the provisions of Section 20 unless otherwise specified by the Company in such Company Notice. In the case that a Change of Control has occurred, such Company Notice shall specify that the holders of the Notes shall have the right to require prepayment of the Notes then held by such holders as described in subsection (b) of this Section 8.8.