Optional Redemption Event definition
Examples of Optional Redemption Event in a sentence
Notwithstanding any other provision of this Agreement to the contrary, the failure of the Borrower to have entered into interest rate caps with respect to the portion of Fixed Rate Loans specified above in this Section 5.2 shall constitute an Optional Redemption Event without further notice or grace periods.
Upon its receipt of written notice of the occurrence of any Optional Redemption Event from the Required Lenders or upon the Facility’s Agent declaration, at the direction of the Required Lenders, that the Termination Date shall have occurred or that the Obligations shall have been accelerated pursuant to this paragraph, the Facility Agent shall promptly notify the Documentation Agent thereof.
From the date of execution and delivery of this Agreement by the parties hereto to the date of issuance of the Preferred Shares and the Warrant, the Company shall not take any action which, if the Preferred Shares were outstanding, would constitute an Optional Redemption Event, or with the giving of notice or the passage of time or both, would constitute an Optional Redemption Event.
The earliest to occur of (i) the date declared by the Facility Agent in respect of the occurrence of a Termination Event and automatically in respect of any Termination Event occurring as a result of either an Optional Redemption Event or an Event of Default, (ii) a date selected by the Borrower upon at least 30 days’ prior written notice to the Facility Agent, or (iii) the Scheduled Commitment Termination Date.
From the date of execution and delivery of this Agreement by the parties hereto to the date of issuance of the Preferred Shares and the Warrants, the Company shall not take any action which, if the Preferred Shares were outstanding, would constitute an Optional Redemption Event, or with the giving of notice or the passage of time or both, would constitute an Optional Redemption Event.