Examples of Unwind Option in a sentence
Other than payment of the Redemption Amount in respect of each Note being redeemed (together with any accrued interest thereon), settlement of the Noteholder Unwind Option shall involve no cost being incurred by the Issuer.
The Redemption Amount of each Note included in the Exercise Amount paid pursuant to this Special Condition 4 (Noteholder Unwind Option) (comprising a pro rata share of the Underlying Assets and the Swap Agreement) shall be made together with interest accrued on the Notes to (but excluding) the relevant date of redemption.
Under the Unwind Option, the Parties unwind the College operations under a timetable but remain committed to their respective academic and financial commitments so that currently enrolled students may complete their education.
The Unwind Option may be exercised by Company Parent by giving notice to Holdings not less than 30 days prior to a closing date for the Unwind Option specified therein.
Further, there was no evidence that such missing information was clarified prior to advice being given.
From the Closing Date until the Unwind Option Expiration Date, the board of directors of the Company shall consist of one director, who will be an individual designated by Company Parent.
We hereby covenant and agree to complete and convey an acknowledgment in substantially the form set out in Schedule 2 hereto to you (i) immediately, in the case of our receipt of an Illegality Unwind Option Notice, and (ii) on the relevant exercise price payment date, in the case of our receipt of any of the other option exercise notices hereunder.
This mechanism shall not apply once the transactions contemplated by the CIR Unwind Option have been fully consummated.
If Pipeline exercises the Unwind Option set forth in the Purchase Agreement, this Agreement shall be null and void as of the Effective Date, and Redwood and Processing agree to be bound by the provisions of Article I, Section 3 of the Purchase Agreement.
The remaining terms of the Unwind Option shall be based on this Agreement and the applicable Ancillary Documents, mutatis mutandis, and shall be negotiated in good faith by Holdings and Company Parent after notice of an Unwind Option is given by Company Parent.