CONDITIONS PRECEDENT TO EXCHANGES Clause Samples
CONDITIONS PRECEDENT TO EXCHANGES. Conexant's obligation to exchange the Revolving Note for Senior Convertible Notes pursuant to Section 2.4 shall be subject to satisfaction of the following conditions precedent:
4.2.1 Each of the conditions set forth in Section 4.1 shall be satisfied as of the date of the exchange.
4.2.2 The Senior Note Documentation shall have become effective.
4.2.3 No event which, with notice, lapse of time or both, would cause or permit any Senior Convertible Note to become or be declared due and payable prior to its stated maturity shall have occurred and be continuing as of the date of such exchange.
4.2.4 The money repayment required by Section 2.4.1 shall be funded from sources other than Conexant and shall represent all of the Net Cash Proceeds to Skyworks from any related Asset Sales, financing, capital raising or other transactions, in each case permitted under the terms of the Financing Agreement, up to the aggregate principal amount of the Revolving Loans.
4.2.5 All accrued interest, fees or other amounts due and payable under the Financing Agreement, through the date of such exchange, shall have been paid in full, in dollars.
CONDITIONS PRECEDENT TO EXCHANGES. Conexant's obligation to exchange the Revolving Note for Senior Convertible Notes pursuant to Section 2.4 shall be subject to satisfaction of the following conditions precedent:
4.2.1 Each of the conditions set forth in Section 4.1 shall be satisfied as of the date of the exchange.
4.2.2 The Senior Note Documentation shall have become effective.
4.2.3 No event which, with notice, lapse of time or both, would cause or permit any Senior Convertible Note to become or be declared due and payable prior to its stated maturity shall have occurred and be continuing as of the date of such exchange.