Change of Control Prepayment Event definition

Change of Control Prepayment Event occurs if, within the period of 90 days from and including the date on which a Change of Control occurs, either (a) a Rating Downgrade in respect of that Change of Control occurs or (b) at such time there is no rating of the Notes by a Rating Agency and the Issuer fails to obtain (whether by failing to seek a rating at its own discretion or otherwise) a rating of the Notes from a Rating Agency of at least Investment Grade.
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Change of Control Prepayment Event is defined in Section 8.3(a).
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Change of Control Prepayment Event is defined in clause (b) of Section 3.1.
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Examples of Change of Control Prepayment Event in a sentence

  • If a Change of Control Prepayment Event has occurred, such notice shall contain and constitute an offer by the Issuer to prepay Notes as described in paragraph (b) of this Section 8.7 and shall be accompanied by the certificate described in paragraph (e) of this Section 8.7.

  • Promptly upon becoming aware that a Change of Control Prepayment Event has occurred, and not later than thirty (30) days after becoming aware of the Change of Control Prepayment Event, the Issuer shall give written notice (the “Issuer Notice”) of such fact to all holders of the Notes.

  • Promptly upon becoming aware that a Change of Control Prepayment Event has occurred, and in any event not later than 21 days after the occurrence of such Change of Control Prepayment Event, the Company shall give written notice (the “Change of Control Event Notice”) of such fact to all holders of the Notes.

  • Promptly upon becoming aware that a Change of Control Prepayment Event has occurred, and not later than 30 days after becoming aware of the Change of Control Prepayment Event, the Company shall give written notice (the “Company Notice”) of such fact to all holders of the Notes.

  • If a Change of Control Prepayment Event has occurred, such notice shall contain and constitute an offer to prepay Notes as described in subparagraph (b) of this Section 8.7 and shall be accompanied by the certificate described in subparagraph (e) of this Section 8.7.

  • The Company will, within 30 days after any Responsible Officer has knowledge of the occurrence of any Change of Control Prepayment Event, give written notice of such Change of Control Prepayment Event to each holder of Notes.

  • If any holder shall reject (or be deemed to have rejected) such offer with respect to any Note held by such holder on or before the Response Date, such holder shall be deemed to have waived its rights under this Section 8.4 to require prepayment of such Note for which such offer was rejected (or deemed rejected) in respect of such Change of Control Prepayment Event but not in respect of any subsequent Change of Control Prepayment Event.

  • On the date on which a Change of Control Prepayment Event occurs, notwithstanding anything to the contrary contained in this Agreement or any of the other Credit Documents, no further Borrowings shall be made and the then outstanding principal amount of all Loans of all Borrowers, if any, shall become due and payable and the Company shall cause each applicable Borrower to, and each applicable Borrower shall, prepay its Loans in full.


More Definitions of Change of Control Prepayment Event

Change of Control Prepayment Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. AVON PRODUCTS, INC. NOTE PURCHASE AGREEMENT
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Change of Control Prepayment Event means (i) the occurrence of a Change of Control and (ii) the delivery to the Company of written notice from the Administrative Agent (acting on instructions from the Required Lenders) to the effect that the Required Lenders have determined in good faith that the occurrence of such Change in Control makes it unlikely that the conditions to the obligations of the Permanent Lender or the Supplemental Permanent Lender, as applicable, under the then effective Project Take-Out Agreements (and Project Commitments referred to therein) will be satisfied at the times the Projects being financed hereunder are expected to be refinanced pursuant to such Project Take-Out Agreements.
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Change of Control Prepayment Event is defined in CLAUSE (B) of SECTION 3.1.
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Change of Control Prepayment Event has the meaning given to the term “Change of Control Repurchase Event” in Schedule 17 (New York Law Definitions).
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Related to Change of Control Prepayment Event

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • Mandatory Prepayment Event means any of the following:

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.