Qualified Tender definition
Examples of Qualified Tender in a sentence
In the event the Issuer Transfers shares of the Company to a third-party in a transaction that does not result in a Change of Control, the Issuer shall, within ninety calendar days of its receipt thereof, apply the aggregate U.S. Dollar amount of such Applicable Net Proceeds received by it in connection with such transaction to either, separately or in combination, (i) make a payment under the Securities to the Holders thereof, or (ii) repurchase Securities pursuant to a Qualified Tender Offer.
Notwithstanding anything to the contrary in this Agreement, the Options, and the obligations of Corvex and Related under this Section 3, shall terminate at the earliest of (i) the expiration of the Option Period and (ii) at such time as (x) either of the Nominee Agreements is terminated pursuant to its terms or (y) a Qualified Tender Offer or Qualified Sale Transaction is consummated.
If the Company does not consummate a Qualified Tender Offer Purchase prior to the close of business on December 31, 1997 (the "Special Redemption Trigger Date"), the Company shall be obligated to redeem all of the outstanding Notes at a redemption price equal to 101% of the principal amount of the Notes, together with accrued and unpaid interest thereon to the date of redemption.