Acceptance of Notes. (1) On the Change of Control Repurchase Date, the Company shall accept for payment all Notes or portions thereof validly tendered pursuant to the Change of Control Repurchase Offer and promptly thereafter mail or deliver to Holder of Notes accepted for repurchase payment in the amount equal to the aggregate Change of Control Price for such Notes, and the Company shall execute and mail or deliver to such Holders a new Note equal in principal amount to any unpurchased portion of the Notes surrendered. The Company will notify the Holders of the results of the Change of Control Repurchase Offer on the Change of Control Repurchase Date.
Appears in 4 contracts
Samples: Convertible Subordinated Note Purchase Agreement (Regent Assisted Living Inc), Convertible Subordinated Note Purchase Agreement (Regent Assisted Living Inc), Convertible Subordinated Note Purchase Agreement (Regent Assisted Living Inc)
