At Majority Noteholders’ Election Sample Clauses

At Majority Noteholders’ Election. In the event that (i) the Majority Noteholders provide written notice to the Company any time after June 30, 2012 requiring that the Company repay the Notes, and (ii) there are no 2011 Notes or 2010 Notes outstanding, the Company shall promptly (and in any event within ten (10) business days of receipt of such notice) repay the Outstanding Amount under this Note and the corresponding Outstanding Amounts under all other Notes. All such repayments shall be made pro rata among the Notes based on the amounts then outstanding under each such Note.” (r) “Third Amended and Restated Stockholders Agreement, dated as of June 8, 2006, by and among the Stockholders (as defined therein) and the Company (as amended, the “Stockholders Agreement”)” as used in Section 3 of the Junior Notes shall be deleted and replaced with “Fourth Amended and Restated Securityholders Agreement, dated as of January 10, 2011, as may be amended or amended and restated from time to time after the date hereof (the “Stockholders Agreement”)”. (s) The Company and the Purchasers representing the Junior Majority (in such capacity and on behalf of all holders of Junior Notes) and the Senior Subordinated Majority (in such capacity and on behalf of all holders of Senior Subordinated Notes) hereby acknowledge the amendments to the Junior Notes and Senior Subordinated Notes set forth herein and shall take, and cause to be taken, all such further actions as may be reasonably requested to evidence or effectuate such amendments.
At Majority Noteholders’ Election. In the event that the Majority Noteholders provide written notice to the Company any time after January 8, 2010 (which date shall automatically be extended until July 8, 2010 if the Company shall enter into an exclusive licensing transaction which provides at least $30,000,000 in up-front net cash proceeds to the Company and is approved by the Board of Directors (which shall include the approval of at least a majority of the total number of directors designated by the holders of Convertible Preferred Stock and the holders of the Notes) requiring that the Company repay the Notes, the Company shall promptly (and in any event within ten (10) business days of receipt of such notice) repay the Outstanding Amount under this Note and the corresponding Outstanding Amounts under all other Notes. All such repayments shall be made pro rata among the Notes based on the amounts then outstanding under each such Note.