Common use of Notice of Early Redemption Clause in Contracts

Notice of Early Redemption. In order to exercise any Exercisable Options relating to Convertible Notes that have been called for redemption pursuant to Section 10.01 of the Supplemental Indenture, Counterparty must notify Dealer in writing before 5:00 p.m. (New York City time) on the Scheduled Valid Day immediately preceding the fifty-fourth (54th) Scheduled Valid Day immediately prior to the scheduled redemption date specified by Counterparty for such Convertible Notes pursuant to Section 10.01 of the Supplemental Indenture (the “Scheduled Redemption Date”) of (i) the Scheduled Redemption Date, (ii) the Relevant Settlement Method for such Exercisable Options, and (iii) if the Relevant Settlement Method for such Exercisable Options is not Net Share Settlement, the Specified Cash Amount, together with any representations, acknowledgements and agreements set forth under “Settlement Method Election Conditions” below.

Appears in 4 contracts

Samples: Letter Agreement (Take Two Interactive Software Inc), Letter Agreement (Take Two Interactive Software Inc), Take Two Interactive Software Inc

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