Specified Repayment Right Clause Samples

Specified Repayment Right. In the event that, as of April 15, 2010, 90% of the outstanding principal amount of the 2010 Notes has not been repaid, redeemed, refinanced, exchanged or extended beyond June 30, 2011 and/or converted to Equity Interests (other than an aggregate principal amount of 2010 Notes not to exceed the unused portion of the Notes Cash Basket on April 15, 2010), the Majority Lenders may, within three Business Days thereof, upon written notice by the Agent to the Company, designate a date (the “Specified Repayment Date”) between April 22, 2010 and April 26, 2010 on which all outstanding Loans must be repaid in full in cash.