Conversion Upon a Fundamental Change. (a) The Corporation must give notice (a “Fundamental Change Notice”) of each Fundamental Change to all Holders of the Preferred Stock no later than 10 Business Days prior to the anticipated Effective Date (determined in good faith by the Board) of the Fundamental Change or, if not practicable because the Corporation is unaware of the Fundamental Change, as soon as reasonably practicable but in any event no later than one (1) Business Day after the Corporation becomes aware of such Fundamental Change.
Appears in 3 contracts
Samples: Backstop and Subscription Agreement, Subscription Agreement (Hennessy Capital Acquisition Corp. III), Backstop and Subscription Agreement (Hennessy Capital Acquisition Corp. III)
Conversion Upon a Fundamental Change. (a) The Corporation Company must give notice (a “Fundamental Change Notice”) of each Fundamental Change to all Holders of the Preferred Stock no later than 10 Business Days prior to the anticipated Effective Date (determined in good faith by the Board) of the Fundamental Change or, if not practicable because the Corporation Company is unaware of the Fundamental Change, as soon as reasonably practicable but in any event no later than one (1) 1 Business Day after the Corporation Company becomes aware of such Fundamental Change.
Appears in 3 contracts
Samples: Subscription Agreement (Hennessy Capital Acquisition Corp II), Subscription Agreement (Hennessy Capital Acquisition Corp.), Backstop and Subscription Agreement (Quinpario Acquisition Corp.)
