Common use of Prepayment Option Upon Major Transaction Clause in Contracts

Prepayment Option Upon Major Transaction. In addition to all other rights of the holders of the Notes contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 115% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate and (B) the Per Share Market Value of the Common Stock on the Trading Day immediately preceding such Major Transaction ("Major Transaction Prepayment Price"). (c)

Appears in 5 contracts

Samples: Amanda Co Inc, Amanda Co Inc, Amanda Co Inc

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Prepayment Option Upon Major Transaction. In addition to all other rights of the holders of the Notes contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 115% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate and (B) the Per Share Market Value of the Common Stock on the Trading Day immediately preceding such Major Transaction ("Major Transaction Prepayment Price"). (c).

Appears in 2 contracts

Samples: Vertel Corp, Imaging Technologies Corp/Ca

Prepayment Option Upon Major Transaction. In addition to all other rights of the holders holder of the Notes contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 115% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate and (B) the Per Share Market Value of the Common Stock on the Trading Day immediately preceding such Major Transaction ("Major Transaction Prepayment Price"). (c).

Appears in 2 contracts

Samples: Armitec Inc, Armitec Inc

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Prepayment Option Upon Major Transaction. In addition to all ---------------------------------------- other rights of the holders of the Notes contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 115% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate and (B) the Per Share Market Value of the Common Stock on the Trading Day immediately preceding such Major Transaction ("Major Transaction ----------------- Prepayment Price"). (c)----------------

Appears in 1 contract

Samples: Vertel Corp

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