Examples of Extension Event in a sentence
The Debenture Issuer has the right under the Indenture to defer payments of interest on the Debentures, so long as no Extension Event of Default has occurred and is continuing, by deferring the payment of interest on the Debentures for up to 20 consecutive quarterly periods (each an “Extension Period”) at any time and from time to time, subject to the conditions described below, during which Extension Period no interest shall be due and payable.
Each Warrant entitles the Warrantholder to receive, upon exercise (including automatic exercise), the Cash Settlement Value of such Warrant, except that, under the circumstances described below, such Warrantholder may instead receive the Alternative Settlement Amount for such Warrant or, in certain circumstances following an Extension Event, the Warrants will be deemed to be worthless.
Exercise upon an Extension Event, an Extraordinary Event or an Exercise Limitation Event.
The Notes will not mature on the Scheduled Maturity Date in case of a Maturity Date Extension Event.
The Company will give the Warrant Agent prompt notice by telephone, to be promptly confirmed in writing, or facsimile transmission and will give prompt notice to the Warrantholders by publication in a newspaper with a national circulation of the occurrence of an Extension Event, any Extended Expiration Date and any Delisting Date.