Common use of Effect of Change of Control Repurchase Notice Clause in Contracts

Effect of Change of Control Repurchase Notice. (a) Upon receipt by the Trustee of a Change of Control Repurchase Notice from a Holder containing the information specified in section 3.2(b)(i), the Holder of the Debenture in respect of which such Change of Control Repurchase Notice was given shall (unless such Change of Control Repurchase Notice is withdrawn as specified in section 3.3(b)), thereafter be entitled to receive the Change of Control Repurchase Price with respect to such Debenture. The Change of Control Repurchase Price shall be paid to such Holder promptly following the later of (1) the Change of Control Repurchase Date and (2) the time of delivery of such Debenture to the Trustee by the Holder thereof in the manner required by section 3.2. Debentures in respect of which a Change of Control Repurchase Notice has been given by the Holder thereof may not be converted into Common Shares pursuant to Article 5 on or after the date of the delivery of such Change of Control Repurchase Notice unless such Change of Control Repurchase Notice has first been validly withdrawn in accordance with section 3.3(b) with respect to the Debentures to be converted.

Appears in 3 contracts

Samples: Subscription Agreement (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can)

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Effect of Change of Control Repurchase Notice. (a) Upon receipt by the Trustee Issuer of a Change of Control Repurchase Notice from a Holder containing the information specified in section 3.2(b)(i), the Holder of the Debenture in respect of which such Change of Control Repurchase Notice was given shall (unless such Change of Control Repurchase Notice is withdrawn as specified in section 3.3(b)), thereafter be entitled to receive the Change of Control Repurchase Price with respect to such Debenture. The Change of Control Repurchase Price shall be paid to such Holder promptly following the later of (1) the Change of Control Repurchase Date and (2) the time of delivery of such Debenture to the Trustee Issuer by the Holder thereof in the manner required by section 3.2. Debentures in respect of which a Change of Control Repurchase Notice has been given by the Holder thereof may not be converted into Common Shares pursuant to Article 5 on or after the date of the delivery of such Change of Control Repurchase Notice unless such Change of Control Repurchase Notice has first been validly withdrawn in accordance with section 3.3(b) with respect to the Debentures to be converted.

Appears in 1 contract

Samples: Subscription Agreement (Fairfax Financial Holdings LTD/ Can)

Effect of Change of Control Repurchase Notice. (a) Upon receipt by the Trustee of a Change of Control Repurchase Notice from a Holder containing the information specified in section 3.2(b)(i), the Holder of the Debenture in respect of which such Change of Control Repurchase Notice was given shall (unless such Change of Control Repurchase Notice is withdrawn as specified in section 3.3(b)), thereafter be entitled to receive the Change of Control Repurchase Price with respect to such Debenture. The Change of Control Repurchase Price shall be paid to such Holder promptly following the later of (1) the Change of Control Repurchase Date and (2) the time of delivery of such Debenture to the Trustee by the Holder thereof in the manner required by section 3.2. Debentures in respect of which a Change of Control Repurchase Notice has been given by the Holder thereof may not be converted into Common Shares pursuant to Article 5 on or after the date of the delivery of such Change of Control Repurchase Notice unless such Change of Control Repurchase Notice has first been validly withdrawn in accordance with section 3.3(b) with respect to the Debentures to be converted.36990-2073 30186571.16

Appears in 1 contract

Samples: Indenture (BLACKBERRY LTD)

Effect of Change of Control Repurchase Notice. (a) Upon receipt by the Trustee any Paying Agent of a properly completed Change of Control Repurchase Notice from a Holder containing the information specified in section 3.2(b)(i)Holder, the Holder of the Debenture Note in respect of which such Change of Control Repurchase Notice was given shall (unless such Change of Control Repurchase Notice is withdrawn as specified in section 3.3(bSection 4.19(b)), thereafter ) be entitled to receive the Change of Control Repurchase Purchase Price with respect to such DebentureNote. The Such Change of Control Repurchase Purchase Price shall be paid to such Holder promptly following the later of (1i) the Change of Control Repurchase Payment Date (provided that the conditions in Section 4.18 have been satisfied) and (2ii) the time of delivery of such Debenture Note to the Trustee a Paying Agent by the Holder thereof in the manner required by section 3.2Section 4.18(b). Debentures Notes in respect of which a Change of Control Repurchase Notice has been given by the Holder thereof may not be converted into shares of Common Shares Stock pursuant to Article 5 14 on or after the date of the delivery of such Change of Control Repurchase Notice unless such Change of Control Repurchase Notice has first been validly withdrawn in accordance with section 3.3(bSection 4.19(b) with respect to the Debentures Notes to be converted.

Appears in 1 contract

Samples: Monitoring and Oversight Agreement (S&c Holdco 3 Inc)

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Effect of Change of Control Repurchase Notice. (a) Upon receipt by the Trustee any Paying Agent of a properly completed Change of Control Repurchase Notice from a Holder containing the information specified in section 3.2(b)(i)Holder, the Holder of the Debenture Security in respect of which such Change of Control Repurchase Notice was given shall (unless such Change of Control Repurchase Notice is withdrawn as specified in section 3.3(bSection 3.10(b)), ) thereafter be entitled to receive the Change of Control Repurchase Price with respect to such DebentureSecurity, subject to the occurrence of the Change of Control Effective Date. The Such Change of Control Repurchase Price shall be paid to such Holder promptly following the later of (1) the Change of Control Repurchase Date (provided that the conditions in Section 3.9 have been satisfied) and (2) the time of delivery of such Debenture Security to the Trustee a Paying Agent by the Holder thereof in the manner required by section 3.2Section 3.9(c). Debentures Securities in respect of which a Change of Control Repurchase Notice has been given by the Holder thereof may not be converted into Common Shares pursuant to Article 5 IV on or after the date of the delivery of such Change of Control Repurchase Notice unless such Change of Control Repurchase Notice has first been validly withdrawn in accordance with section 3.3(bSection 3.10(b) with respect to the Debentures Securities to be converted.

Appears in 1 contract

Samples: Indenture (ACE Aviation Holdings Inc.)

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