Common use of Change of Control Repurchase Event Clause in Contracts

Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase Event, unless the Company shall have exercised its option pursuant to Section 5 hereof to redeem the Securities, the Company will be required to make an offer to each Holder of the Securities, to repurchase all or any part (in denominations of a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof) of that Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of the Securities to be repurchased plus any accrued and unpaid interest on such Securities to, but excluding, the repurchase date.

Appears in 9 contracts

Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Receivables Pledge Agreement (Transocean Ltd.)

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Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase Event, unless the Company shall have exercised its option pursuant to Section 5 hereof to redeem the Securities, the Company will be required to make an offer to each Holder of the Securities, to repurchase all or any part (in minimum denominations of a minimum principal amount of $US$2,000 and integral multiples of $US$1,000 in excess thereof) of that Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of the Securities to be repurchased plus any accrued and unpaid interest on such Securities to, but excluding, the repurchase date.

Appears in 4 contracts

Samples: Indenture (Transocean Ltd.), Supplemental Indenture (Transocean Ltd.), Supplemental Indenture (Transocean Ltd.)

Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase Event, unless the Company shall have exercised its option pursuant to Section 5 hereof to redeem the Securities, the Company will be required to make an offer to each Holder of the Securities, to repurchase all or any part (in denominations of a minimum principal amount of $US$2,000 and integral multiples of $US$1,000 in excess thereof) of that Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of the Securities to be repurchased plus any accrued and unpaid interest on such Securities to, but excluding, the repurchase date.

Appears in 4 contracts

Samples: Supplemental Indenture (Transocean Ltd.), Supplemental Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase EventEvent with respect to the Securities, unless the Company shall have exercised its option pursuant to Section 5 (5) hereof to redeem the Securities, the Company will shall be required to make an offer to each Holder of the Securities, Securities to repurchase all or any part (in denominations of a minimum principal amount of $2,000 and in integral multiples of $1,000 in excess thereof) of that such Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount thereof on the date of the Securities to be repurchased repurchase plus any accrued and unpaid interest on such Securities to, but excluding, the repurchase datedate of repurchase, in accordance with the terms contemplated in Section 402 of the First Supplemental Indenture.

Appears in 1 contract

Samples: Indenture (Reliance Steel & Aluminum Co)

Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase Event, unless the Company shall have exercised its option pursuant to Section 5 hereof to redeem the Securities, the Company will be required to make an offer to each Holder of the Securities, to repurchase all or any part (in denominations of a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof) of that Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of the Securities to be repurchased plus any accrued and unpaid interest on such Securities to, but excluding, the repurchase date.

Appears in 1 contract

Samples: Indenture (Noble Corp)

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Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase Event, unless the Company shall have exercised its option pursuant to Section 5 hereof to redeem the Securities, the Company will be required to make an offer to each Holder of the Securities, to repurchase all or any part (in minimum denominations of a minimum principal amount of $2,000 US$1,000 and integral multiples of $US$1,000 in excess thereof) of that Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of the Securities to be repurchased plus any accrued and unpaid interest on such Securities to, but excluding, the repurchase date.

Appears in 1 contract

Samples: Supplemental Indenture (Transocean Ltd.)

Change of Control Repurchase Event. Upon the occurrence of a Change of Control Repurchase Event, unless the Company shall have exercised its option pursuant to Section 5 hereof to redeem the 2021 Securities, the Company will be required to make an offer to each Holder of the 2021 Securities, to repurchase all or any part (in denominations of a minimum principal amount of $US$2,000 and integral multiples of $US$1,000 in excess thereof) of that Holder’s 2021 Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of the 2021 Securities to be repurchased plus any accrued and unpaid interest on such 2021 Securities to, but excluding, the repurchase date.

Appears in 1 contract

Samples: Teck Resources LTD

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