Exchange Event. The Exchange Event shall be the Company’s consummation of an initial Business Combination (as defined in the Company’s Amended and Restated Certificate of Incorporation).
Exchange Event. An “Exchange Event” shall be deemed to occur automatically upon the Company’s consummation of an initial Business Combination.
Exchange Event. The occurrence of any of the following shall constitute an "Exchange Event" under this Note:
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”).
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.
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.
