Common use of Related Notice Provisions Clause in Contracts

Related Notice Provisions. a) In case the Company shall propose (I) to pay any dividend, make any interest payment or other payment or distribution in respect of Financing Securities, in cash or in any form other than additional Securities, (II) any repurchase, retirement, redemption, refinancing, exchange, convert or other similar action with respect to Financing Securities, (III) to effect any capital reorganization, (IV) to effect any consolidation, merger or sale, organic change, transfer or other disposition of all or substantially all of its property, assets or business, or (V) to effect the liquidation, dissolution or winding up of the Company, then in each such case, at least twenty (20) Business Days before such action, the Company shall deliver to Pinnacle a written notice of such proposed action, which shall specify the date on which a record is to be taken for the purposes of such dividend, interest or other payment or distribution or rights, or the date on which such repurchase, retirement, redemption, exchange or other similar action, refinancing, reclassification, reorganization, consolidation, merger, sale, organic change, transfer, disposition, liquidation, dissolution, or winding up is to take place and the date of participation therein by the holders of Financing Securities, if any such date is to be fixed, and shall also set forth such facts with respect thereto as shall be reasonably necessary to indicate the effect of such action on the Financing Securities.

Related Notice Provisions. a) In case the Company shall propose (I) to pay any dividend, make any interest payment or other payment or distribution in respect of Financing Securities, in cash or in any form other than additional Securities, (II) any repurchase, retirement, redemption, refinancing, exchange, convert or other similar action with respect to Financing Securities, (III) to effect any capital reorganization, (IV) to effect any consolidation, merger or sale, organic change, transfer or other disposition of all or substantially all of its property, assets or business, or (V) to effect the liquidation, dissolution or winding up of the Company, then in each such case, at least twenty (20) 20 Business Days before such action, the Company shall deliver to Pinnacle a written notice of such proposed action, which shall specify the date on which a record is to be taken for the purposes of such dividend, interest or other payment or distribution or rights, or the date on which such repurchase, retirement, redemption, exchange or other similar action, refinancing, reclassification, reorganization, consolidation, merger, sale, organic change, transfer, disposition, liquidation, dissolution, or winding up is to take place and the date of participation therein by the holders of Financing Securities, if any such date is to be fixed, and shall also set forth such facts with respect thereto as shall be reasonably necessary to indicate the effect of such action on the Financing Securities.