Common use of Relevant Event Clause in Contracts

Relevant Event. Within 14 calendar days following the occurrence of a Relevant Event, the Issuer shall give notice thereof to Bondholders in accordance with Condition 16 (a “Relevant Event Notice”). The Relevant Event Notice shall contain a statement informing Bondholders of (i) their entitlement to exercise their Conversion Rights as provided in these Conditions and (ii) their entitlement to exercise their rights to require redemption of their Bonds pursuant to Condition 7.2. The Relevant Event Notice shall also specify: (a) all information material to Bondholders concerning the Relevant Event; (b) the Conversion Price immediately prior to the occurrence of the Relevant Event and, in the case of a Change of Control, the Change of Control Conversion Price applicable pursuant to Condition 6.2(j) on the basis of the Conversion Price in effect immediately prior to the occurrence of the Change of Control; (c) the Closing Price of an ADS as at the latest practicable date prior to the publication of the Relevant Event Notice; (d) the Relevant Event Period; and (e) the Relevant Event Put Date.

Appears in 2 contracts

Sources: Bond Agreement (Renalytix PLC), Second Amendment and Restatement Agreement (Renalytix PLC)

Relevant Event. Within 14 calendar days following the occurrence of a Relevant Event, the Issuer shall give notice thereof to the Bondholders in accordance with Condition 16 (a “Relevant Event Notice”). The Relevant Event Notice shall contain a statement informing Bondholders of (i) their entitlement (if any) to exercise their Settlement Rights or, as appropriate, Conversion Rights as provided in these Conditions Conditions; and (ii) their entitlement to exercise their rights to require redemption of their Bonds pursuant to Condition 7.27(e). The Relevant Event Notice shall also specify: (ai) all information material to Bondholders concerning the Relevant Event; (bii) the Conversion Price immediately prior to the occurrence of the Relevant Event and, in and the case of a Change of Control, the Change of Control Relevant Event Conversion Price applicable pursuant to Condition 6.2(j6(b)(x) during the Relevant Event Period on the basis of the Conversion Price in effect immediately prior to the occurrence of the Change of ControlRelevant Event; (ciii) the Closing Price of an ADS the Ordinary Shares as at the latest practicable date prior to the publication of the Relevant Event Notice; (div) the last day of the Relevant Event Period; and (ev) the Relevant Event Put Date.

Appears in 1 contract

Sources: Trust Deed