Examples of Optional Exchange Date in a sentence
The Optional Exchange Date will be a Business Day of the Company’s choosing that is no less than five (5) Scheduled Trading Days and no more than eight (8) Scheduled Trading Days after the Optional Exchange Notice Date for the Optional Exchange.
Subject to the terms of this Section 4.04 and Section 4.05, upon and following the occurrence of the Optional Exchange Triggering Event, the Company has the right, at its election at any time until the fifth scheduled Trading Day immediately preceding the Maturity Date, to exchange (the “Optional Exchange”) all outstanding Tranche A Notes, on the Optional Exchange Date, for the Optional Exchange Consideration.
Subject to Section 4.05(C), the Company will cause the Optional Exchange Consideration for a Note (or portion thereof) subject to Optional Exchange to be paid or delivered, as applicable, to the Holder thereof on the Optional Exchange Date.
The Person in whose name any Ordinary Share is issuable upon the exchange of the Tranche A Notes will be deemed to become the holder of record of such share as of the Close of Business on the Optional Exchange Date.
At the Close of Business on the Optional Exchange Date for the Tranche A Notes to be converted, such Tranche A Notes will (unless there occurs a Default in the delivery of the Optional Exchange Consideration or interest due, pursuant to Section 5.03(B) or Section 5.02(D), upon such exchange) be deemed to cease to be outstanding, except to the extent provided in Section 5.02(D).