Common use of Change of Control Offer to Repurchase Clause in Contracts

Change of Control Offer to Repurchase. If a Change of Control Triggering Event (as defined in the Supplemental Indenture) occurs, unless the Company has exercised its right to redeem the Securities, Holders of the Securities will have the right to require the Company to repurchase all or a portion of their Securities pursuant to the offer described in the Supplemental Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date.

Appears in 17 contracts

Samples: Indenture (Warner Bros. Discovery, Inc.), Supplemental Indenture (Discovery, Inc.), Indenture (Discovery, Inc.)

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Change of Control Offer to Repurchase. If a Change of Control Triggering Event (as defined in the Supplemental Indenture) occurs, unless the Company has exercised its right to redeem the Securities, Holders of the Securities will have the right to require the Company to repurchase all or a portion of their Securities pursuant to the offer described in the Supplemental Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date. 8.

Appears in 1 contract

Samples: Discovery, Inc.

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Change of Control Offer to Repurchase. If a Change of Control Triggering Event (as defined in the Supplemental Indenture) occurs, unless the Company has exercised its right to redeem the SecuritiesSecurities in full, Holders of the Securities will have the right to require the Company to repurchase all or a portion of their Securities Securities, pursuant to the offer described in the Supplemental Indenture Indenture, at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to to, but excluding, the date of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date.

Appears in 1 contract

Samples: Indenture (Warner Bros. Discovery, Inc.)

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