Common use of Payment on Change of Control Clause in Contracts

Payment on Change of Control. Subject to Section 4.06 hereof, the Holder or the Company may elect to redeem the then outstanding Principal Sum, including any accrued and unpaid interest up to and including the date of redemption in cash.

Appears in 2 contracts

Sources: Omnibus Debt Restructuring Agreement, Omnibus Debt Restructuring Agreement