Exchange Condition definition

Exchange Condition shall have the meaning specified in Section 3.04(a).

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Exchange Condition shall have the meaning set forth in Section 6.5(a).

Exchange Condition has the meaning specified in Section 11.1(c).

Examples of Exchange Condition in a sentence

The interest amount of the Notes may be repaid by the Borrower, whether by prepayment or upon maturity in cash or, if the Exchange Condition (as defined in the Exchange Agreement) has been satisfied, in shares of the Purchaser's common stock having a Fair Value equal to the amount of interest latest then owed.
If the Exchange Condition has been met, at the option of the Borrower, the Borrower may exchange the Pledged Collateral (in whole but not in part), for the Notes.
If the Exchange Condition has not been satisfied, or if the Exchange Condition has been satisfied but a Regulatory Event has occurred, the Notes shall be redeemed on the Maturity Date at a price per Note equal to the Redemption Price.
If the Exchange Condition is satisfied and no Regulatory Event occurs, the Company shall deliver to the Exchange Date Holders, on the Exchange Date, in exchange for each Outstanding Note as of the open of business on the Exchange Date, a number of shares of M&T Common Stock (subject to Section 3.06) equal to the Exchange Ratio as of the Exchange Date.
The failure of the Holder to ---------------------------------- deliver certificates for re-registration due to failure of an Exchange Condition, or the failure of the Transfer Agent to deliver to the Holder the number of Exchange Shares specified in the applicable Exchange Notice within three (3) business days of the Delivery Date therefor shall constitute an "Exchange Default".

More Definitions of Exchange Condition

Exchange Condition means that the exchange of Pledged Collateral for the Notes is permitted under applicable law and the organizational documents of the Company, and that all necessary third party consents and approvals have been obtained.

Exchange Condition means the receipt by the Company of approval from the Company’s shareholders holding a majority of the Company’s ordinary shares present and voting in person or by proxy, for the disposition, in connection with the exchange of the Notes, of the 26,700,000 shares of M&T Common Stock held by the Company at an Extraordinary General Meeting held no later than November 8, 2010.

Exchange Condition means, as of a particular date, each of the following:

Exchange Condition means the Purchaser has invested at least US$20,000,000 in the project entity of a CSP Project.

Exchange Condition means any condition specified as such in the applicable Final Terms under the heading "Exchange Condition".

Exchange Condition means their being validly exchanged not less than $67,868,395 in aggregate principal amount of the outstanding Old Debentures on or prior to the Closing.

Exchange Condition means any of the following events occur or conditions exist: