Mandatory Exchange Notice definition

Mandatory Exchange Notice is defined in ‎Section 11.1(c).

Mandatory Exchange Notice has the meaning set forth in Section 2.1(a)(ii)(A).

Mandatory Exchange Notice means a notice from the Borrower to the Lender stating: (a) the Mandatory Exchange Date; (b) the number of shares of Common Stock to be issued upon conversion of the principal and interest to be exchanged; and (c) the amount of principal and interest to be exchanged.

Examples of Mandatory Exchange Notice in a sentence

• A Mandatory Exchange Notice will specify the basis for the Mandatory Exchange, the Exchangeable Units of the Company to which the Mandatory Exchange applies, the Exchange Consideration and the effective date of such Mandatory Exchange (the “Mandatory Exchange Date”), which shall be no earlier than ten (10) Business Days after delivery of the Mandatory Exchange Notice.

• The Mandatory Exchange Date will be a Business Day of the Company’s choosing that is no more than thirty (30), nor less than ten (10), Business Days after the Company sends the Mandatory Exchange Notice; provided that the Mandatory Exchange Date shall be no later than the second Scheduled Trading Day prior to the Maturity Date.

• The Member receiving the Mandatory Exchange Notice shall use its reasonable best efforts to deliver the Certificates, as applicable, representing the applicable Exchangeable Units and corresponding shares of Class B Common Stock (free and clear of all liens, encumbrances, rights of first refusal and similar restrictions, except for those arising under this Agreement) no later than one (1) Business Day before the Mandatory Exchange Date.

• The Borrower must deliver a Mandatory Exchange Notice to the Lender that the Borrower intends to exercise the Borrower’s right to require exchange pursuant to this paragraph 6.3 specifying the date that the Borrower elects to require the exchange (the “Mandatory Exchange Date”) which must be within five days of such notice.

• The Member receiving the Mandatory Exchange Notice shall use its reasonable best efforts to deliver the Certificates, as applicable, representing the applicable Exchangeable Units (free and clear of all liens, encumbrances, rights of first refusal and similar restrictions, except for those arising under this Agreement) no later than one (1) Business Day before the Mandatory Exchange Date.

More Definitions of Mandatory Exchange Notice

Mandatory Exchange Notice has the meaning set forth in Section 9.9(b)(iii).

Mandatory Exchange Notice shall have the meaning specified in Section 14.01(b).

Mandatory Exchange Notice has the meaning set forth in Section 3.02(d).

Mandatory Exchange Notice has the meaning set out in section .

Mandatory Exchange Notice has the meaning given in Condition 7.2(a);

Mandatory Exchange Notice has the meaning set forth in Section 2.2.

Mandatory Exchange Notice has the meaning given to that term in Section 2.9;