Examples of Change of Control in a sentence
Change of Control: Upon the occurrence of a Change of Control Event, each Bondholder shall have the right to require that the Issuer redeems its Bonds (a “Put Option”) at a price of 100% of par plus accrued interest.
There can be no assurance that such approval will be granted at such shareholders' meeting.The Put Redemption Amount applicable in the case of, or following, a Change of Control referred to under Condition 6.3(a) (Upon a Change of Control) will be equal to 100% of the principal amount of each Bond.
The exercise by any of the Bondholders of the Change of Control Put may only be effective against the Issuer under Belgian law if and when the terms of Condition 6.3 (Redemption at the Option of Bondholders) have been approved by the shareholders of the Issuer, and if such resolution has been filed with the clerk of the competent enterprise court (griffie van de ondernemingsrechtbank/greffe du tribunal de l’entreprise).
The Issuer undertakes to (i) use its best endeavours to procure that the Change of Control Resolutions be passed at the general meeting of Shareholders of the Issuer scheduled to be held prior to the Long Stop Date and (ii) file a copy of the resolutions as aforesaid promptly thereafter with the clerk of the competent enterprise court (griffie van de ondernemingsrechtbank/greffe du tribunal de l’entreprise) by the Long Stop Date.
If a Change of Control occurs prior to such approval and filing, the Bondholders will not be entitled to exercise the option set out in this Condition 6.3(a) (Upon a Change of Control).