Exit. Upon the occurrence of: (a) any Delisting; (b) a Change of Control; or (c) the Disposal of all or substantially all of the assets of the NEXT Group whether in a single transaction or a series of related transactions, the Facility will be cancelled and all outstanding Utilisations, together with accrued interest, and all other amounts accrued under the Finance Documents, shall become immediately due and payable.
Appears in 3 contracts
Samples: Supplemental Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.)
Exit. Upon the occurrence of:
(a) any Delisting;
(b) a Change of Control; or
(c) the Disposal of all or substantially all of the assets of the NEXT Group whether in a single transaction or a series of related transactions, the Facility will be cancelled and all outstanding Utilisations, together with accrued interest, and all other amounts accrued under the Finance Documents, shall become immediately due and payable.
Appears in 2 contracts
Samples: Loan Agreement (Iridium Communications Inc.), Facility Agreement (Iridium Communications Inc.)
Exit. Upon the occurrence of:
(a) any Delisting;Listing; or
(b) a Change of Control; or
(c) the Disposal sale of all or substantially all of the assets of the NEXT Group whether in a single transaction or a series of related transactions, the Facility will be cancelled and all outstanding Utilisations, Utilisations together with accrued interest, and all other amounts accrued under the Finance Documents, shall become immediately due and payable.
Appears in 2 contracts
Samples: Revolving Facility Agreement (South Texas Supply Company, Inc.), Revolving Facility Agreement (South Texas Supply Company, Inc.)