Examples of Forced Redemption Price in a sentence
Without otherwise limiting the terms set forth in the Note, the Issuer will pay or cause to be paid all of the Principal of, the Optional Redemption Price and the Forced Redemption Price for, Interest on, and other amounts due with respect to, this Note on the dates and in the manner set forth in this Note.
Following a redemption of this Note in accordance with this Section 8, the Noteholder shall as soon as practicable (and in no event later than two (2) Business Days) after receipt of the Forced Redemption Price and at its own expense surrender this Note to a nationally recognized overnight delivery service for delivery to the Issuer (or an indemnification undertaking with respect to this Note in the case of its loss, theft or destruction as contemplated by Section 14(b)).
Upon the consummation of a Change of Control Transaction, the Issuer shall redeem all, but not less than all, of this Note remaining outstanding and unconverted at such time for a cash purchase price equal to the Forced Redemption Price (a “CoC Mandatory Redemption”).
The Noteholder may convert this Note at its option pursuant to Section 5(a) hereof at any time after receipt of a CoC Redemption Notice and prior to payment of the Forced Redemption Price.
Any redemption on a Redemption Date in accordance with this Section 8 shall be deemed satisfied upon payment of the Forced Redemption Price in cash to the Noteholder on the same day that such Change of Control Transaction is consummated.