Examples of Merger Notes in a sentence
In addition, the Merger Notes and the 3.375% Senior Notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date.
The Merger Notes consist of the following seven tranches: the 1.450% Senior Notes due 2017, the 2.000% Senior Notes due 2018, the 2.700% Senior Notes due 2020, the 3.150% Senior Notes due 2022, the 3.550% Senior Notes due 2025, the 4.250% Senior Notes due 2035 and the 4.450% Senior Notes due 2045.
The Merger Notes shall be issued pursuant to an indenture (the “Merger Notes Indenture”) between WebMD, as issuer, and a trustee mutually determined by WebMD and HLTH, to be entered into at or prior to the Closing, and which shall contain terms consistent with those set forth on the term sheet attached hereto as Exhibit 3.02 and other customary terms and conditions.
Without limiting the generality of the foregoing, the Company may offset amounts owing under and/or cancel the Merger Notes of any Stockholder (pursuant to the terms and conditions of Section 3(f)(i)) through cancellation, modification, re-issuance or other action necessary and/or desirable by the Company of any Stockholder’s electronic stock certificate(s) through an electronic equity management and/or transfer agent (including, without limitation, CARTA).
Payment of the Stockholders’ obligation with respect to such fees shall be paid by offset against the outstanding principal amount due and payable pursuant to the Merger Notes consistent with Section 3(f)(i).
WebMD shall not be liable to any holder of shares of HLTH Common Stock for any share of WebMD Class A Common Stock (or dividends or distributions with respect thereto), Merger Notes (or principal or interest payments with respect thereto) or cash properly delivered to a public official pursuant to any abandoned property, escheat or similar Law.
No payments of principal or interest, if any, made after the Effective Time with respect to the Merger Notes shall be paid to the holder of any unsurrendered Certificate the right of receipt of which is represented thereby, until the holder of such Certificate shall surrender such Certificate.
Pursuant to such power of attorney, the Company shall have the right to execute any and all agreements, documents, certificates and other instruments related to the offset of amounts owing under and the cancellation of the Merger Notes pursuant to the terms and conditions of Section 3(f)(i) on behalf of such Stockholder.
The Merger Notes issued in respect of each share of HLTH Common Stock in the Merger shall be in lieu of an amount of Fully-Diluted Cash Consideration equal to the initial principal amount of such Merger Notes.
At the Effective Time, the Surviving Corporation shall issue 900 newly issued, fully paid and non-assessable shares of common stock to the Company as consideration for the Company assuming the obligations under this Agreement to deliver and issue, at the Effective Time, the Exchange Agreement Consideration, Navy LOC Securities, Per Share Common Stock Merger Consideration, Per Share Series A Merger Consideration, Per Share Series Seed Merger Consideration, the Merger Warrants and the Merger Notes.