Exchange Date definition
Examples of Exchange Date in a sentence
An exchange of Debentures will be deemed for these purposes to be “in connection with” such Change in Control Redemption if the Exchange Date of the Debentures occurs during the period from, and including, the date the Company first provides notice of such Change in Control Redemption to Holders of Debentures following the Public Announcement Date until the close of business on the second Scheduled Trading Day prior to the Change in Control Redemption Date (the “Change in Control Exchange Period”).
An exchange shall be deemed to have been effected immediately prior to the close of business on the Exchange Date.
Following the Exchange Date for an exchange of Debentures, all rights of the Holder with respect to such Debentures shall cease, except for the right of such Holder to receive, at the Company’s election as provided above, Reference Shares attributable to such Debentures or 100% of the Current Market Price of the Reference Shares attributable to such Debentures in cash or any combination of cash and Reference Shares as set forth herein.