Mandatory Redemption Upon Change of Control. In the event that a Change of Control (as defined below) occurs prior to the repayment of this Note or the conversion of this Note under Section 2 above, so long as the Senior Indebtedness is first Paid in Full (as defined below), an amount equal to one hundred twenty percent (120%) of the outstanding principal amount, together with any accrued interest, of this Note shall be paid upon the closing of such Change of Control.
Mandatory Redemption Upon Change of Control. If the Issuer becomes aware of the occurrence of a Change of Control, the Issuer shall within five (5) London Business Days of so becoming aware call for redemption, upon not less than 30 but not more than 60 days' notice and shall redeem, on the date specified in such notice, all Outstanding Senior Notes in cash at the Optional Redemption Price.
Mandatory Redemption Upon Change of Control. If a Change of Control occurs with respect to the Manager or The Cronos Group, the Issuer shall at the direction of the Agent (acting at the written direction of the Noteholders) redeem the Notes 60 days after receipt of notice requesting such redemption for a purchase price equal to the then outstanding principal balance of such Notes plus all accrued interest thereon and all other amounts owing pursuant to this Loan Agreement and the other Transaction Documents.
Mandatory Redemption Upon Change of Control. (a) If a Change of Control (as defined below) shall occur at any time after the Issue Date, the Company shall be required to redeem all of the outstanding Series E Preferred Shares on the date (the “Change of Control Redemption Date”) that is 30 calendar days after the date that the Company has mailed written notice of such Change of Control to holders of the Series E Preferred Shares as set forth in Section 7(c), subject to the conditions set forth in Section 7(e) and otherwise in accordance with the provisions of this Section 7. If such 30th calendar day is not a Business Day, the Change of Control Redemption Date will be the next succeeding Business Day. The Company shall redeem the Series F Preferred Shares in exchange for payment, in cash, of $2,500 per share plus the amounts specified in Section 7(b). As used herein, a “Change of Control” shall be deemed to have occurred upon the occurrence of any of the following events after the Issue Date:
Mandatory Redemption Upon Change of Control. Upon the occurrence of any Change of Control, each Holder shall have the right, at the Holder's option, to require the Company to redeem all or any portion of such Holder's Securities at a redemption price equal to one hundred percent (100%) of the principal amount thereof, together with accrued and unpaid interest thereon to the Change of Control Redemption Date. The "Change of Control Redemption Date" shall be the sixty-fifth (65th) day after the date on which a Change of Control shall have occurred. Unless the Company shall have therefore called all the outstanding Securities for redemption pursuant to Section 423, 424 or 901, notice of the occurrence of a Change of Control shall be given by the Company by first class mail, postage prepaid, mailed not more than thirty (30) days after the occurrence of such Change of Control, to each Holder at his address as it appears on the Security Register on the date of such notice, but failure to give such notice by mailing in the manner herein provided to the Holder, or any defect in the notice to any Holder, shall not affect the validity of the proceedings for the redemption of any other Securities. All such notices shall state:
Mandatory Redemption Upon Change of Control. Notwithstanding Section 3.01 above, upon the occurrence of a Change in Control, the Company shall redeem the Notes at the time and in the manner set forth on form of Notes attached hereto as Exhibit "A".
Mandatory Redemption Upon Change of Control. Subject to the provisions of this Section 6(c), if the Company effects a Fundamental Transaction at any time after the Original Issue Date, the Company shall deliver a notice to the Holder (a “Mandatory Redemption Notice” and the date such notice is deemed delivered hereunder, the “Mandatory Redemption Notice Date”) of its irrevocable election to redeem all of the then outstanding principal amount of this Debenture for cash in an amount equal to the Mandatory Redemption Amount on the 20th Trading Day following the Mandatory Redemption Notice Date (such date, the “Mandatory Redemption Date”, such 20th Trading Day period, the “Mandatory Redemption Period” and such redemption, the “Mandatory Redemption”). The Holder may elect to reject such Mandatory Redemption by delivering such rejection notice at least five days prior to the Mandatory Redemption Date. The Mandatory Redemption Amount is payable in full on the Mandatory Redemption Date to all other Holders. The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Mandatory Redemption Notice through the date all amounts owing thereon are due and paid in full. The Company’s determination to pay a Mandatory Redemption in cash shall be applied ratably to all of the holders of the then outstanding Debentures that do not reject such redemption based on their (or their predecessor’s) initial purchases of Debentures pursuant to the Purchase Agreement.
Mandatory Redemption Upon Change of Control. Upon the occurrence of any Change of Control, each Holder shall have the right, at the Holder's option, to require the Company to redeem all or any portion of such Holder's Securities at a redemption price equal to one hundred percent (100%) of the principal amount thereof, together with accrued and unpaid interest thereon to the Change of Control Redemption Date. The "Change of Control Redemption Date" shall be the sixty-fifth (65th) day after the date on which a Change of Control shall have occurred. Unless the Company shall have therefore called all the outstanding Securities for redemption pursuant to Section 423 or 901, notice of the occurrence of a Change of Control shall be given by the Company by first class mail, postage prepaid, mailed not more than thirty-five (35) days after the occurrence of such Change of Control, to each Holder (with a copy to the Trustee) at his address as it appears on the Security Register on the date of such notice, but failure to give such notice by mailing in the manner herein provided to the Holder, or any defect in the notice to any Holder, shall not affect the validity of the proceedings for the redemption of any other Securities. Notwithstanding the foregoing, notice of a Change of Control shall be given by the Trustee at the Company's request in the name and at the expense of the Company; provided, that the Trustee receives such request no less than forty (40) days before the Change of Control Redemption Date. All such notices shall state:
Mandatory Redemption Upon Change of Control. Upon the occurrence of any Change of Control, each Holder shall have the right, at the Holder's option, to require the Company to redeem all or any portion of such Holder's Securities at a redemption price equal to one hundred percent (100%) of the principal amount thereof, together with accrued and unpaid interest thereon to the Change of Control Redemption Date. The "Change of Control Redemption NY1-463085 EXECUTION
Mandatory Redemption Upon Change of Control. All of the issued ------------------------------------------- and outstanding shares of Series 1997 Preferred Stock shall be redeemable by the Corporation, at the option of the holders thereof, in whole or in part, at any time on or after a Change of Control or a Sale of the Company, at a redemption price equal to the Redemption Price multiplied by the number of shares held, multiplied by the Applicable Redemption Percentage, plus all accrued and unpaid dividends thereon, whether or not declared, through the date of redemption.
