Common use of Condition to Company Action Clause in Contracts

Condition to Company Action. CanArgo Energy Corporation will not take any action that consummates or finalises a Change in Control unless: (i) at least 15 Business Days prior to such action it shall have given to each holder of Notes written notice containing and constituting an offer to prepay Notes as described in Section 9.6(c) accompanied by the certificate described in Section 9.6(f), and (ii) contemporaneously with the action taken to consummate or finalise any such Change in Control, it prepays all Notes required to be prepaid in accordance with this Section 9.6.

Appears in 4 contracts

Samples: Security Interest Agreement (Canargo Energy Corp), Security Interest Agreement (Canargo Energy Corp), Security Interest Agreement (Canargo Energy Corp)

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