Common use of Mandatory Prepayment Event Clause in Contracts

Mandatory Prepayment Event. If at any time any single person, or group of persons acting in concert (as defined in the City Code on Takeovers and Mergers), acquires control (as defined in Section 416 of the Income and Corporation Taxes Act 1988) of the Parent then the Parent will notify the Agent within thirty days and the Agent will, if instructed to do so by the Majority Banks, by notice to the Parent given no earlier than ninety days after the date that notice is given to the Agent:

Appears in 5 contracts

Samples: Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp)

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