Common use of Redemption Prohibited in Certain Circumstances Clause in Contracts

Redemption Prohibited in Certain Circumstances. Notwithstanding the foregoing, no Notes may be redeemed by the Company pursuant to this ARTICLE 5 on any date if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to such date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

Appears in 3 contracts

Samples: Convertible Note (Global Seed Corp), Senior Convertible Note Purchase Agreement (Scynexis Inc), Senior Convertible Note Purchase Agreement (Scynexis Inc)

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Redemption Prohibited in Certain Circumstances. Notwithstanding the foregoing, no Notes may be redeemed by the Company pursuant to this ARTICLE Article 5 on any date if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to such date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

Appears in 2 contracts

Samples: Senior Convertible Note Purchase Agreement (Scynexis Inc), Convertible Note Purchase Agreement (Coherus BioSciences, Inc.)

Redemption Prohibited in Certain Circumstances. Notwithstanding anything to the foregoingcontrary in this Article 4, no Notes may be redeemed by the Company pursuant to this ARTICLE 5 on may not redeem any date Notes if the principal amount of the Notes has been accelerated, accelerated and such acceleration has not been rescinded, rescinded on or prior to such date before the Redemption Date (except in the case including as a result of an acceleration resulting from a Default by the Company in the payment of the related Redemption Price with respect and any related interest pursuant to the proviso to Section 4.04(E), on such NotesRedemption Date).

Appears in 1 contract

Samples: Indenture (NRG Energy, Inc.)

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Redemption Prohibited in Certain Circumstances. Notwithstanding the foregoing, no Notes may be redeemed by the Company pursuant to this ARTICLE 5 on any date if If the principal amount of the Notes has been accelerated, accelerated in accordance with this Indenture and such acceleration has not been rescinded, rescinded on or prior to such date before the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes), then the Company may not redeem any Notes pursuant to this Section 4.03.

Appears in 1 contract

Samples: Indenture (Bloomin' Brands, Inc.)

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