Common use of Repayment Event Clause in Contracts

Repayment Event. If a Repayment Event (as defined below) occurs, MLI shall have the right to designate an Early Termination Date pursuant to Section 6(b) of the Agreement with respect to this Transaction to the extent of the principal amount of Reference Notes that cease to be outstanding as a result of such Repayment Event and, notwithstanding anything to the contrary herein, no payments shall be required under this Agreement in connection with such Repayment Event.

Appears in 3 contracts

Samples: Confirmation of Otc Convertible Note Hedge (General Cable Corp /De/), Confirmation of Additional Otc Convertible Note Hedge (General Cable Corp /De/), Confirmation of Otc Convertible Note Hedge (Chattem Inc)

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Repayment Event. If a Repayment Event (as defined below) occurs, MLI shall have the right to designate an Early Termination Date pursuant to Section 6(b) of the Agreement with respect to this Transaction only to the extent of the principal amount of Reference Notes that cease to be outstanding as a result of such Repayment Event and, notwithstanding anything to the contrary herein, no payments shall be required under this Agreement hereunder in connection with such Repayment Event.

Appears in 1 contract

Samples: Confirmation of Otc Convertible Note Hedge (Iconix Brand Group, Inc.)

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Repayment Event. If a Repayment Event (as defined below) occurs, MLI shall have the right to designate an Early Termination Date pursuant to Section 6(b) of the Agreement with respect to this Transaction to the extent of the principal amount of Reference Notes that cease to be outstanding as a result of such Repayment Event and, notwithstanding anything to the contrary herein, no payments shall be required under this Agreement in connection with such Repayment Event with respect to the principal amount of Reference Notes repurchased, repaid, exchanged or cancelled in connection with such Repayment Event.

Appears in 1 contract

Samples: Confirmation of Otc Convertible Note Hedge (Mylan Laboratories Inc)

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