Exchange Obligation definition

Exchange Obligation shall have the meaning specified in Section 14.01(a).
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Exchange Obligation has the meaning specified in Section 7.03(a).
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Exchange Obligation has the meaning specified in Section 11.01.
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Examples of Exchange Obligation in a sentence

  • If more than one Note shall be surrendered for exchange at one time by the same Holder, the Exchange Obligation with respect to such Notes shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted thereby) so surrendered.

  • The Company’s settlement of the full Exchange Obligation shall be deemed to satisfy in full its obligation to pay the principal amount of the Note and accrued and unpaid interest, if any, to, but not including, the relevant Exchange Date.

  • The Company’s settlement of the full Exchange Obligation shall be deemed to satisfy in full its obligation to pay the principal amount of the Note and accrued and unpaid interest, if any, to, but excluding, the relevant Exchange Date.

  • In such event, the Exchange Obligation shall be paid to Holders in cash on the third Business Day following the Exchange Date.

  • If a Holder surrenders more than one Note for exchange on a single Exchange Date, the Issuer will calculate its Exchange Obligation with respect to such Notes as if such Holder had surrendered for exchange one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for exchange by such Holder on such Exchange Date.


More Definitions of Exchange Obligation

Exchange Obligation shall have the meaning specified in Section 14.01.
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Exchange Obligation means the consideration to an exchanging Holder upon any Exchange.
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Exchange Obligation has the meaning set forth in Section 6.10(a).
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Exchange Obligation means the Company’s obligation to deliver the consideration payable upon an exchange pursuant to Section 14.01(a) or Section 14.01(b), subject to, and in accordance with, the settlement provisions of Section 14.02.
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Exchange Obligation means the ESOP's obligation to pay in full all principal and accrued interest under the ESOP Note by the Exchange Date.
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Exchange Obligation has the meaning provided in Section 2.12 hereof.
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Exchange Obligation has the meaning set forth in Section 9.01(a).
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