Common use of Change of Control Put Clause in Contracts

Change of Control Put. (A) If Change of Control Put is specified as being applicable in the applicable Final Terms, this Condition 6(e) shall apply. (B) If, at any time while any Note remains outstanding, either of the following events shall occur (each, as applicable, a "Change of Control Put Event"): (1) a Change of Control occurs and, if at the start of the Change of Control Period the Notes or Vestas are rated by any Rating Agency, a Rating Downgrade in respect of that Change of Control occurs and continues within such Change of Control Period; or (2) a Change of Control occurs and, on the occurrence of the Change of Control, none of the Notes or Vestas are rated by any Rating Agency and a Negative Rating Event occurs within the Change of Control Period, the holder of each Note will have the option (the "Put Option") (unless, prior to the giving of the Change of Control Put Event Notice (as defined below), the Issuer gives notice of its intention to redeem the Notes under Condition 6(b), 6(c) or 6(d)) to require the Issuer to redeem or, at the Issuer's option, to purchase or procure the purchase of that Note on the Optional Redemption Date (as defined below), at its principal amount together with (or, where purchased, together with an amount equal to) accrued interest (if applicable) to but excluding the Optional Redemption Date. (C) For the purposes of this Condition 6(e)(ii)(C): A "Change of Control" shall occur if any person or group of persons acting in concert gains Control of Vestas;