Common use of Repurchase at Option of Holders Clause in Contracts

Repurchase at Option of Holders. (a) Upon the occurrence of a Change of Control, unless the Company has, or has caused to be, given or sent notice of redemption of all the Notes as described in Section 3.07 of the Supplemental Indenture, each Holder may require the Company to purchase such Holder’s Notes in whole or in part in amounts of $2,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on the relevant interest payment date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Laredo Petroleum, Inc.), Supplemental Indenture (Laredo Petroleum, Inc.)

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Repurchase at Option of Holders. (a) Upon the occurrence of a Change of Control, unless the Company has, or has caused to be, given or sent notice of redemption of all the Notes as described in Section 3.07 of the Supplemental Indenture, each Holder may require the Company to purchase such Holder’s Notes in whole or in part in amounts of $2,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on the relevant interest payment date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Laredo Petroleum, Inc.)

Repurchase at Option of Holders. (a) Upon the occurrence of a Change of ControlControl Triggering Event, unless the Company has, or has caused to be, given or sent notice of redemption of all the Notes as described in Section 3.07 of the Supplemental Indenture, each Holder may require the Company to purchase such Holder’s Notes in whole or in part in amounts of $2,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on the relevant interest payment date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (Vital Energy, Inc.)

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Repurchase at Option of Holders. (a) Upon the occurrence of a Change of Control, unless the Company has, or has caused to be, given or sent notice of redemption of all the Notes as described in Section 3.07 of the Supplemental Indenture, each Holder may require the Company to purchase such Holder’s Notes in whole or in part in amounts of $2,000 or whole integral multiples of $1,000 in excess thereofthereof (or $1.00 or an integral multiple thereof in the case of any PIK Interest Notes), at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on the relevant interest payment datean Interest Payment Date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture.

Appears in 1 contract

Samples: Indenture (Goodrich Petroleum Corp)

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