Change of Control Redemption Amount definition
Examples of Change of Control Redemption Amount in a sentence
Notwithstanding anything herein contained to the contrary, if any portion of the Change of Control Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Change of Control Redemption, ab initio, and, with respect to the Company’s failure to honor the Change of Control Redemption, the Company shall have no further right to exercise such Change of Control Redemption.
The Change of Control Redemption Amount is payable in full on the Change of Control Redemption Date.
Concurrently with the payment in full of the Change of Control Redemption Amount, the Holder shall surrender this Debenture to or as directed by the Company (or the successor company).
The aggregate amount payable upon such Change of Control Transaction, Fundamental Transaction or sale of assets shall be equal to the Change of Control Redemption Amount.
In the event that the Company fails to pay the Change of Control Redemption Amount on or prior to the applicable closing date, the interest rate on this Debenture shall accrue at the rate of 18% per annum, or such lower maximum amount of interest permitted to be charged under applicable law, until the Change of Control Redemption Amount is paid in full.