Repurchase at Option of Holders definition

Repurchase at Option of Holders. If a fundamental change (as defined in the Preliminary Offering Memorandum) occurs, holders may, at their option, require the Issuer to purchase for cash all or any portion of their Notes. The fundamental change purchase price will equal 100% of the principal amount of the Notes to be purchased plus accrued and unpaid interest (including any additional interest) to but excluding the fundamental change purchase date. Adjustment to Shares Delivered upon Certain Conversions: The following table sets forth the number of additional shares of the Common Stock by which the conversion rate shall be increased for certain conversions in connection with a make-whole fundamental change or a notice of redemption based on the stock price and effective date for such make-whole fundamental change or notice of redemption: Effective Date $36.50 $40.00 $45.00 $50.00 $60.00 $75.00 $100.00 $125.00 $150.00 $200.00 $250.00 October 15, 2013 10.2739 8.9618 7.3858 6.1968 4.5531 3.1062 1.8896 1.2819 0.9294 0.5475 0.3495 October 15, 2014 10.2739 8.8968 7.2270 5.9788 4.2795 2.8248 1.6544 1.0982 0.7872 0.4599 0.2929 October 15, 2015 10.2739 8.7271 6.9461 5.6301 3.8747 2.4311 1.3440 0.8663 0.6136 0.3578 0.2288 October 15, 2016 10.2739 8.3977 6.4745 5.0753 3.2657 1.8729 0.9401 0.5843 0.4123 0.2451 0.1593 October 15, 2017 10.2739 7.9301 5.7633 4.2186 2.3304 1.0750 0.4453 0.2747 0.2020 0.1272 0.0846 October 15, 2018 10.2739 7.8767 5.0989 2.8767 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 The exact stock prices and effective dates may not be set forth in the table above, in which case: • if the stock price is between two stock prices in the table or the effective date is between two effective dates in the table, the number of additional shares will be determined by a straight-line interpolation between the number of additional shares set forth for the higher and lower stock prices and the earlier and later effective dates, as applicable, based on a 365-day year; • if the stock price is greater than $250.00 per share (subject to adjustment in the same manner as the stock prices set forth in the column headings of the table above), no additional shares will be added to the conversion rate; or • if the stock price is less than $36.50 per share (subject to adjustment in the same manner as the stock prices set forth in the column headings of the table above), no additional shares will be added to the conversion rate. Notwithstanding the foregoing, in no event will the total number of shares...
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Examples of Repurchase at Option of Holders in a sentence

  • Repurchase at Option of Holders Upon a Fundamental Change 78 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 76 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 77 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 81 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 74 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 82 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 79 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 80 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 85 Section 15.03.

  • Repurchase at Option of Holders Upon a Fundamental Change 83 Section 15.03.

Related to Repurchase at Option of Holders

  • Make-Whole Redemption Price means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. Calculation or verification of the calculation of the Make-Whole Redemption Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.

  • Make-Whole Redemption Amount means the sum of:

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Automatic Early Redemption Event means that:

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Early Redemption Notice means an irrevocable notice from the Issuer to Noteholders in accordance with Condition 23 (Notices) (or, in the case of Condition 8(f) (Redemption Following the Occurrence of an Event of Default), from the Trustee to the Issuer) that specifies that the Notes are to be redeemed pursuant to one of Conditions 8(c) (Redemption Following a Collateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default). An Early Redemption Notice given pursuant to Condition 8 (Redemption and Purchase) must contain a description in reasonable detail of the facts relevant to the determination that the Notes are to be redeemed and, in the case of an Early Redemption Notice given by the Issuer, must specify the anticipated Early Redemption Date and which of Conditions 8(c) (Redemption Following aCollateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default), as the case may be, are applicable. A copy of any Early Redemption Notice shall also be sent by the Issuer, or the Trustee, as the case may be, to all Transaction Parties, save that any failure to deliver a copy shall not invalidate the relevant Early Redemption Notice.

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Redemption Call Purchase Price has the meaning provided in Section 1.4;

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Change of Control Redemption Date shall have the meaning set forth in Section 7.2;

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.