Common use of Deferral Pending Change in Control Clause in Contracts

Deferral Pending Change in Control. The obligation of the Issuers to prepay Notes pursuant to the offers required by the second sentence in clause (a) of this Section 8.3 and accepted in accordance with clause (c) of this Section 8.3 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does not occur on the Change in Control Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until, and shall be made on the date on which, such Change in Control occurs. The Issuers shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur and (iii) any determination by the Issuers that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.3 in respect of such Change in Control shall be deemed rescinded).

Appears in 1 contract

Samples: Note Purchase Agreement (Curtiss Wright Corp)

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Deferral Pending Change in Control. The obligation of the Issuers Company to prepay Notes pursuant to the offers required by the second sentence in clause subparagraph (ac) of this Section 8.3 and accepted in accordance with clause subparagraph (cd) of this Section 8.3 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does has not occur occurred on the Change in Control Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until, and shall be made on on, the date on which, which such Change in Control occurs. The Issuers To the extent reasonably practicable, the Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur occur, and (iii) any determination by the Issuers Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.3 in respect of such Change in Control shall be deemed rescinded).

Appears in 1 contract

Samples: Note Purchase Agreement (BGC Partners, Inc.)

Deferral Pending Change in Control. The obligation of the Issuers Obligors to prepay Notes pursuant to the offers required by the second sentence in clause subparagraphs (a) of this Section 8.3 and (b) and accepted in accordance with clause subparagraph (cd) of this Section 8.3 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does not occur on the Change in Control Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until, until and shall be made on the date on which, which such Change in Control occurs. The Issuers Obligors shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur occur, and (iii) any determination by the Issuers Parent or the Obligors that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.3 in respect of such Change in Control shall be deemed rescinded).

Appears in 1 contract

Samples: Note Purchase Agreement (Rica Foods Inc)

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Deferral Pending Change in Control. The obligation of the Issuers Company to prepay Notes pursuant to the offers required by the second sentence in clause subparagraph (ac) of this Section 8.3 and accepted in accordance with clause subparagraph (cd) of this Section 8.3 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does has not occur occurred on the Change in Control Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until, and shall be made on on, the date on which, which such Change in Control occurs. Sensient Technologies Corporation Note Purchase Agreement The Issuers Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur occur, and (iii) any determination by the Issuers Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.3 in respect of such Change in Control shall be deemed rescinded).

Appears in 1 contract

Samples: Note Purchase Agreement (Sensient Technologies Corp)

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