Exchange Obligation definition

Exchange Obligation shall have the meaning specified in Section 14.01(a).

Exchange Obligation has the meaning specified in Section 7.03(a).

Exchange Obligation has the meaning specified in Section 10.01.

Examples of Exchange Obligation in a sentence

• If a Holder surrenders more than one Note for exchange on a single Exchange Date, the Issuer will calculate its Exchange Obligation with respect to such Notes as if such Holder had surrendered for exchange one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for exchange by such Holder on such Exchange Date.

• The Issuer will pay or cause to be paid the principal of, Fundamental Change Repurchase Price for, Redemption Price for and any Additional Amounts with respect to, or the Exchange Obligation with respect to, and any accrued and unpaid interest on, the Notes on the dates and in the manner required under this Indenture and the Notes.

• The Issuer’s settlement of the full Exchange Obligation shall be deemed to satisfy in full its obligation to make payments in respect of the Note being exchanged.

• If the Issuer’s Exchange Obligation with respect to a Note includes a fractional ADS, in lieu of delivering such fractional ADS, the Issuer will pay the exchanging Holder an amount of cash equal to the product of (x) such fraction of an ADS and (y) the Daily VWAP on the applicable Exchange Date (or, if such Exchange Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day).

• In addition, notwithstanding any other provision of this Indenture, the right of any Holder to enforce its rights of exchange in accordance with the provisions of Article XI, on or after the applicable date for settlement of the Exchange Obligation of the Company and OI Inc., shall not be impaired or affected without the consent of such Holder.

More Definitions of Exchange Obligation

Exchange Obligation means the consideration to an exchanging Holder upon any Exchange.

Exchange Obligation has the meaning set forth in Section 6.10(a).

Exchange Obligation means the Company’s obligation to deliver the consideration payable upon an exchange pursuant to Section 14.01(a) or Section 14.01(b), subject to, and in accordance with, the settlement provisions of Section 14.02.

Exchange Obligation means the ESOP's obligation to pay in full all principal and accrued interest under the ESOP Note by the Exchange Date.

Exchange Obligation has the meaning provided in Section 2.12 hereof.

Exchange Obligation means the consideration to an exchanging Holder upon any Exchange. “Exchange Price” means as of any time, $1,000, divided by the Exchange Rate as of such time. “Exchange Rate” shall have the meaning specified in Section 14.01(a).

Exchange Obligation has the meaning set forth in Section 9.01(a).