CoC Redemption Amount definition
CoC Redemption Amount means the sum of (a) 125% of the then outstanding Principal Amount of the Debenture and (b) all liquidated damages and other amounts due in respect of the Debenture up to, but not including, the CoC Redemption Date.
CoC Redemption Amount means an amount equal to, (i) prior to the one-year anniversary of the Issuance Date, (x) the Note Obligations Amount as of the date of the applicable Change of Control Event plus (y) the present value of all future interest amounts that would accrue on the Notes from the date of the applicable Change of Control Event through the one-year anniversary of the Issuance Date (assuming all interest is paid in kind), using a discount rate equal to the Treasury Rate plus 50 basis points, and (ii) on or after the one-year anniversary of the Issuance Date, the Note Obligations Amount as of the date of such Change of Control Event.
Examples of CoC Redemption Amount in a sentence
Subject to the provisions of this Section 6(c), if, at any time while this Debenture is outstanding a Change of Control Transaction occurs with respect to the Company, then the Holder shall have the right, at the Holder’s option, to require the Company to redeem, and upon the exercise of such right the Company shall redeem (the “CoC Redemption”), all of the then outstanding Principal Amount of this Debenture for cash in an amount equal to the CoC Redemption Amount.