Examples of Change in Control Optional Redemption in a sentence
The Company may only effect a Change in Control Optional Redemption if during the period commencing on the Change in Control Optional Redemption Notice Date through to the Change in Control Optional Redemption Date and through and including the date such Change in Control Optional Redemption Amount is paid to the Holder, each of the Equity Conditions shall have been met, unless waived by the Holder.
The Company covenants and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Change in Control Optional Redemption Notice through the date all amounts owing thereon are due and paid in full.
If any portion of the payment or warrants issuable pursuant to an Optional, Monthly or Change in Control Optional Redemption shall not be paid by the Company by the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full.
The Change in Control Optional Redemption Amount and Change in Control Optional Redemption Warrants are due in full on the Change in Control Optional Redemption Date.
The payment of cash or issuance of Common Stock, as applicable, pursuant to an Optional, Monthly or Change in Control Optional Redemption shall be payable on the Optional, Monthly or Change in Control Optional Redemption Date, as applicable.
Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the period from the Change in Control Optional Redemption Notice Date until the date the Change in Control Optional Redemption Amount is paid in full shall be first applied to the principal amount subject to such Change in Control Optional Redemption.
The Holder may convert, pursuant to Section 4(a), any principal amount of this Debenture subject to a Change in Control Optional Redemption at any time prior to the date that the Change in Control Optional Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full.
The payment of cash or issuance of Common Stock or BVTI Common Stock, as applicable, pursuant to an Optional, Monthly or Change in Control Optional Redemption shall be payable on the Optional, Monthly or Change in Control Optional Redemption Date, as applicable.
Notwithstanding anything herein contained to the contrary, if any portion of such payments remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Change in Control Optional Redemption or Put Option, ab initio, and, with respect to the Company’s failure to honor the Change in Control Optional Redemption or Put Option, the Company shall have no further right to exercise such Change in Control Optional Redemption or Put Option.