Common use of The Combination Exchange Clause in Contracts

The Combination Exchange. If, on any date on or following the Expiration Time, the Combination is, or will be, consummated, then upon no less than three Business Days notice by the Issuer to the Trustee, the Notes will be automatically exchanged for an equal aggregate principal amount of New 2026 CSC Notes issued under the New 2026 CSC Notes Indenture substantially in the form of Exhibit E hereto (the “Combination Exchange”); provided that such form of indenture may be amended or modified to conform the text of the New 2026 CSC Notes Indenture or the New 2026 CSC Notes to any provision of the section of the Exchange Offer Memorandum entitled “Description of the New CSC Senior Guaranteed Notes” to the extent that such provision was intended to be a verbatim recitation of a provision of such New 2026 CSC Notes Indenture or to make any other amendments or modifications permitted under Section 9.01 of Exhibit E. The Combination Exchange will be completed on a cashless basis and no consent or any other action will be required by the holders of the Notes, for the Combination Exchange. The Notes will be automatically cancelled upon consummation of the Combination Exchange (and the Notes Guarantees and the Notes Collateral will be automatically released and terminated). Each holder is deemed to have (i) agreed to be bound by the Combination Exchange and (ii) irrevocably authorized and directed the Trustee, or any other person required to complete the Combination Exchange, to take all actions required to consummate the Combination Exchange without the need for further direction from such holder under this Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Altice USA, Inc.)

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The Combination Exchange. If, on any date on or following the Expiration Time, the Combination is, or will be, consummated, then upon no less than three Business Days notice by the Issuer to the Trustee, the Notes will be automatically exchanged for an equal aggregate principal amount of New 2026 2023 CSC Notes issued under the New 2026 2023 CSC Notes Indenture substantially in the form of Exhibit E hereto (the “Combination Exchange”); provided that such form of indenture may be amended or modified to conform the text of the New 2026 2023 CSC Notes Indenture or the New 2026 2023 CSC Notes to any provision of the section of the Exchange Offer Memorandum entitled “Description of the New CSC Senior Guaranteed Notes” to the extent that such provision was intended to be a verbatim recitation of a provision of such New 2026 2023 CSC Notes Indenture or to make any other amendments or modifications permitted under Section 9.01 of Exhibit E. The Combination Exchange will be completed on a cashless basis and no consent or any other action will be required by the holders of the Notes, for the Combination Exchange. The Notes will be automatically cancelled upon consummation of the Combination Exchange (and the Notes Guarantees and the Notes Collateral will be automatically released and terminated). Each holder is deemed to have (i) agreed to be bound by the Combination Exchange and (ii) irrevocably authorized and directed the Trustee, or any other person required to complete the Combination Exchange, to take all actions required to consummate the Combination Exchange without the need for further direction from such holder under this Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Altice USA, Inc.)

The Combination Exchange. If, on any date on or following the Expiration Time, the Combination is, or will be, consummated, then upon no less than three Business Days notice by the Issuer Issuers to the Trustee, the Notes will be automatically exchanged for an equal aggregate principal amount of New 2026 2028 CSC Notes issued under the New 2026 2028 CSC Notes Indenture (the “Combination Exchange”) substantially in the form of Exhibit E hereto (the “Combination Exchange”)hereto; provided that such form of indenture may be amended or modified to conform the text of the New 2026 2028 CSC Notes Indenture or the New 2026 2028 CSC Notes to any provision of the section of the Exchange Offer Memorandum entitled “Description of the New CSC Senior Guaranteed Notes” to the extent that such provision was intended to be a verbatim recitation of a provision of such New 2026 2028 CSC Notes Indenture or to make any other amendments or modifications permitted under Section 9.01 of Exhibit E. The Combination Exchange will be completed on a cashless basis and no consent or any other action will be required by the holders of the Notes, Notes for the Combination Exchange. The Notes will be automatically cancelled upon consummation of the Combination Exchange (and the Notes Guarantees and the Notes Collateral will be automatically released and terminated)Exchange. Each holder is deemed to have (i) agreed to be bound by the Combination Exchange and (ii) irrevocably authorized and directed the Trustee, or any other person required to complete the Combination Exchange, to take all actions required to consummate the Combination Exchange without the need for further direction from such holder under this Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Altice USA, Inc.)

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The Combination Exchange. If, on any date on or following the Expiration Time, the Combination is, or will be, consummated, then upon no less than three Business Days notice by the Issuer Issuers to the Trustee, the Notes will be automatically exchanged for an equal aggregate principal amount of New 2026 2025 CSC Notes issued under the New 2026 2025 CSC Notes Indenture substantially in the form of Exhibit E hereto (the “Combination Exchange”); , provided that such form of indenture may be amended or modified to conform the text of the New 2026 2025 CSC Notes Indenture or the New 2026 2025 CSC Notes to any provision of the section of the Exchange Offer Memorandum entitled “Description of the New CSC Senior Guaranteed Notes” to the extent that such provision was intended to be a verbatim recitation of a provision of such New 2026 2025 CSC Notes Indenture or to make any other amendments or modifications permitted under Section 9.01 of Exhibit E. The Combination Exchange will be completed on a cashless basis and no consent or any other action will be required by the holders of the Notes, Notes for the Combination Exchange. The Notes will be automatically cancelled upon consummation of the Combination Exchange (and the Notes Guarantees and the Notes Collateral will be automatically released and terminated)Exchange. Each holder is deemed to have (i) agreed to be bound by the Combination Exchange and (ii) irrevocably authorized and directed the Trustee, or any other person required to complete the Combination Exchange, to take all actions required to consummate the Combination Exchange without the need for further direction from such holder under this Indenture.

Appears in 1 contract

Samples: Indenture (Altice USA, Inc.)

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