Examples of Change of Control Prepayment Offer in a sentence
Each such notice shall specify the date of such prepayment, which shall be no earlier than 15 days from the date such notice is delivered to the Administrative Agent and no later than 30 days from the date of such Change of Control (the date of such proposed payment, the “Change of Control Payment Date”) and, if delivered prior to the occurrence of the relevant Change of Control, may state that the Change of Control Prepayment Offer be conditional on the occurrence of such Change of Control.
Assumes that all of the loans under the Intelsat Jackson Unsecured Credit Agreement are repaid in the Jackson Change of Control Prepayment Offer.
As a result of the consummation of the New Sponsors Acquisition, Intelsat Jackson commenced the Jackson Change of Control Prepayment Offer and the Jackson Change of Control Offers.
If a Lender fails to deliver an Acceptance Notice within the time frame specified above, any such failure will be deemed a rejection of the Change of Control Prepayment Offer as to all outstanding Term Loans of such Lender.
If a Lender fails to deliver a Change of Control Acceptance Notice within the time frame specified above, any such failure will be deemed a rejection of the Change of Control Prepayment Offer as to all outstanding Loans of such Lender.
The amounts shown assume that all of the loans under the Intelsat Jackson Unsecured Credit Agreement are repaid in the Jackson Change of Control Prepayment Offer and that all of the Outstanding Jackson Notes are tendered in the Jackson Change of Control Offers.
The first of such notices shall give the proposed effective date of the transaction (the "Effective Date"), shall describe the material terms and conditions of the transaction and of this paragraph 1(a), and shall contain an offer by the Company to prepay this Note at 120% of the outstanding unpaid Face Amount, plus all unpaid interest accrued thereon to the prepayment date (the "Change of Control Prepayment Offer").
If a Lender fails to deliver a Change of Control Acceptance Notice within the time frame specified above, any such failure will be deemed a rejection of the Change of Control Prepayment Offer as to all outstanding Loans, L/C Borrowings and L/C Obligations of such Lender.
Also reflects the incurrence of additional interest expense on the New Intelsat Jackson Unsecured Credit Agreement entered into to finance the Jackson Change of Control Prepayment Offer, with a 25 basis point increase in the interest rate.
Prior to or within 10 days following a Change of Control, the Borrower shall make an offer to prepay the entire principal amount of the Loans (the “Change of Control Prepayment Offer”) by notifying the Administrative Agent in writing of the Change of Control Prepayment Offer.