Examples of Default Redemption Date in a sentence
The “Default Redemption Date” shall be the 14th day after the serving of the Default Redemption Notice.A Default Redemption Notice, once delivered, shall be irrevocable (unless otherwise agreed by the Company) and the Company shall redeem the RCPS the subject of the Default Redemption Notice delivered as aforesaid on the Default Redemption Date.
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In the case of a redemption, the Company shall deliver the Event of Default Redemption Price or the Optional Redemption Price to the Holder on or prior to the Event of Default Redemption Date or the Optional Redemption Date, respectively.
Notwithstanding the time of calculation of any Swap Termination Amount, such amountwill be payable on the Collateral Default Redemption Date or the Maturity Date, as applicable, as specified in the Conditions of the Notes.
If the Redemption Date, Early Redemption Date or Default Redemption Date would otherwise fall on a day which is not a Business Day it shall be brought forward to the immediately preceding day which is a Business Day.
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If a Swap Termination Amount is payable by the Issuer in respect of the Swap Agreement, such amount will be paid from the Liquidation Amount on the Collateral Default Redemption Date in accordance with the Order of Priority.
If the SLN Redemption Date or Default Redemption Date would otherwise fall on a day which is not a Business Day it shall be brought forward to the immediately preceding day which is a Business Day.
On or before the Redemption Date or Default Redemption Date (as applicable), the Company will grant to each relevant Noteholder the opportunity, on a minimum of 20 clear Business Days’ prior written notice, the option to exercise its rights to convert all or part of its Notes into Ordinary Shares pursuant toSchedule 3.
If the Holder has submitted an Event of Default Redemption Notice in accordance with Section 4.2, the Company shall deliver the applicable Event of Default Redemption Price to the Holder in cash within five (5) Business Days after the Company’s receipt of the Holder’s Event of Default Redemption Notice (each, an “ Event of Default Redemption Date ”).