Common use of Permitted Bond Hedge Transactions and Permitted Warrant Transactions Clause in Contracts

Permitted Bond Hedge Transactions and Permitted Warrant Transactions. There occurs under any Permitted Bond Hedge Transaction or Permitted Warrant Transaction an Early Termination Date (as defined therein) resulting from any event of default or termination event thereunder as to which the Borrower or any Subsidiary is the Defaulting Party (as defined therein) or the Affected Party (as defined therein) and the termination value owed by the Borrower or such Subsidiary as a result thereof, taken together, is greater than the Threshold Amount, and such termination value is required to be paid in cash and may not be settled by the delivery of common stock of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Zevra Therapeutics, Inc.), Credit Agreement (Coherus BioSciences, Inc.), Credit Agreement (Relypsa Inc)

AutoNDA by SimpleDocs

Permitted Bond Hedge Transactions and Permitted Warrant Transactions. There occurs under any Permitted Bond Hedge Transaction or Permitted Warrant Transaction an Early Termination Date (as defined therein) resulting from any event of default or termination event thereunder as to which the Borrower or any Subsidiary is the Defaulting Party (as defined therein) or the Affected Party (as defined therein) and the termination value owed by the Borrower or such Subsidiary as a result thereof, taken together, is greater than the Threshold Amount$5,000,000, and such termination value is required to be paid in cash and may not be settled by the delivery of common stock of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Portola Pharmaceuticals Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.