Exchange Event Sample Clauses

Exchange Event. An “Exchange Event” shall be deemed to occur automatically upon the Company’s consummation of an initial Business Combination.
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Exchange Event. An “Exchange Event” shall occur upon the Company’s consummation of an initial Business Combination (as defined in the Company’s Amended and Restated Certificate of Incorporation, as filed with the Secretary of State of the State of Delaware).
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Exchange Event. The occurrence of any of the following shall constitute an "Exchange Event" under this Note:
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Exchange Event. (a) Upon the occurrence of a Debenture Event of Default, the Trust Securities shall automatically (and without the consent of any Applicable Regulatory Authority or requirement that the Trust first terminate) be exchanged for the Trust Debentures (such an event, an “Exchange Event”). (b) If at the time of an Exchange Event, the Trust has funds that are attributable to the payment by GE Capital of interest on, or principal of, the Trust Debentures that have not been distributed to holders of the Securities, such funds will also be distributed pro rata to the Holders in connection with such Exchange Event, subject to the provisions of Section 4.03. (c) Immediately upon the occurrence of an Exchange Event (i) the Securities will no longer be deemed to be Outstanding, (ii) certificates representing a Like Amount of Trust Debentures will be issued to Holders of Securities upon surrender of such certificates to the exchange agent for exchange, (iii) any Securities not so surrendered for exchange will be deemed to represent a Like Amount of Trust Debentures bearing accrued and unpaid interest in an amount equal to the accumulated and unpaid Distributions on such Securities until such certificates are so surrendered and (iv) all rights of Holders holding Securities will cease, except the right of such Holders to receive Trust Debentures upon surrender of Securities (and, to the extent applicable, the right to receive any funds in the Trust attributable to payments by GE Capital of interest on, or principal of, the Trust Debentures that have not been distributed to the Holders). (d) Following the occurrence of an Exchange Event and the automatic exchange of the Securities for Trust Debentures, the Trust shall dissolve and the Trust’s affairs shall be wound up by the Property Trustee and the Administrative Trustees in such manner as the Administrative Trustees determine, subject to the requirements of Section 3808(e) of the Delaware Statutory Trust Act. Thereafter the Trustees shall file a Certification of Cancellation with the Secretary of State of the State of Delaware.
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Exchange Event. CP-2 may at its option elect to convert or exchange the shares of Preferred Stock into shares of CP-1 common stock (“CP-1 Common Stock”) subject to the Ownership Limitations described below (“Optional Exchange Event”). In addition, the shares of Preferred Stock will automatically be converted or exchanged into CP-1 Common Stock upon the occurrence of a change of control, as such term will be defined in the Definitive Purchase Agreement (“Automatic Exchange Event”). Each Optional Exchange Event and Automatic Exchange Event may also be referred to as an “Exchange Event”). 2 TBD which XTI entity’s securities will be issued.
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Exchange Event. The “Exchange Event” shall occur on the day the merger of the Company with and into Modern Media Acquisition Corp. S.A. (the “Reincorporation Merger”) occurs at the time indicated by the Company in a written notice it provides to the Rights Agent, stating that the Rights shall be converted as set forth in Section 3.3.1 as of such time, which time will in any case be prior to the effective time of the Reincorporation Merger.
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Related to Exchange Event

  • Company Not Surviving Following Exchange Event If the Exchange Event results in the Company not continuing as a publicly held reporting entity, the definitive agreement will provide for the holders of Rights to receive the same per share consideration as the holders of the Common Stock will receive in with the Exchange Event, for the number of shares such holder is entitled to pursuant to Section 3.1 above.

  • Exchange in Lieu of Conversion (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. (b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election. (c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.

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