Examples of Escrow End Date in a sentence
The Notes will be subject to a mandatory redemption (a “Special Mandatory Redemption”) in the event that either (i) the Escrow Proceeds have not been released to Opco for distribution in accordance with the terms and conditions of the Escrow Agreement (the “Release Date”) on or before the Escrow End Date or (ii) prior to the Escrow End Date, the Issuers have determined, in their reasonable discretion, that the escrow conditions cannot be satisfied by such date (any such date, a “Trigger Date”).
For purposes of determining the Special Mandatory Redemption Date, a Mandatory Redemption Event pursuant to the preceding sentence shall be deemed to have occurred (x) in the case of clause (A), on the Escrow End Date, and (y) in the case of clauses (B) and (C), on the date such written notice is delivered to the Escrow Agent and the Trustee (the date of any such Mandatory Redemption Event, the “Mandatory Redemption Trigger Date”).
If (a) the Release has not occurred on or prior to the Escrow End Date or (b) if the Company has notified the Trustee in writing of the Company’s announcement that the Verizon Purchase Agreement has been terminated or that it will not pursue the consummation of the Verizon Acquisition, the Company will redeem all of the Notes (the “Mandatory Redemption”) at the Mandatory Redemption Price.
If (a) the Release has not occurred on or prior to the Escrow End Date or (b) if the Company has notified the Trustee in writing of the Company’s -6- announcement that the Verizon Purchase Agreement has been terminated or that it will not pursue the consummation of the Verizon Acquisition, the Company will redeem all of the Notes (the “Mandatory Redemption”) at the Mandatory Redemption Price.
In the event that the (i) Escrow Release Date has not occurred on or prior to the Escrow End Date or (ii) the Issuers notify and direct the Escrow Agent in writing that the Company will not pursue the consummation of the Refinancing Transactions, the Issuers shall redeem the Notes on the Special Mandatory Redemption Date at the Special Mandatory Redemption Price and in the manner described in Section 3.09 of the Indenture.