Examples of Change of Control Effective Date in a sentence
If a Change of Control Event (as defined in § 6(6)) occurs and the Issuer does not redeem the Notes in whole in accordance with § 6(6), the interest rate applicable to the Notes will be subject to an additional 500 basis points per annum above the otherwise applicable rate of interest from the Change of Control Effective Date (as defined in § 6(6)).
In the case such call notice is given, the Issuer shall redeem each Note outstanding at an amount per Note equal to the Specified Denomination plus any Interest accrued and unpaid to (but excluding) the Change of Control Effective Date and any Arrears of Interest.
Subject to, and conditional upon, the Change of Control Effective Date having occurred, a Foundation Member (or any of its Sole Risk Affiliates) may propose and undertake an Expansion Project or New Project related to the Company’s assets on the terms and conditions set out in Annex B (Sole Risk Regime) of this Agreement.
Until a share of Series A Preferred Stock is redeemed by the payment or deposit in full of the applicable Change of Control Redemption Price as provided in Section 9(i), such share of Series A Preferred Stock will remain outstanding and will be entitled to all of the powers, designations, preferences and other rights provided herein; provided that no such shares of Series A Preferred Stock may be converted into shares of Common Stock following the Change of Control Effective Date.
In the case such call notice is given, the Issuer shall redeem each Note at an amount equal to the Specified Denomination plus any interest accrued on the Note to but excluding the date of redemption but yet unpaid and, for the avoidance of doubt, any Arrears of Interest payable pursuant to § 5(3) on the Change of Control Effective Date.