Change of Control Repurchase Event. If a Change of Control Repurchase Event occurs while any Class B Bonds remain outstanding, the Company shall immediately provide written notice to the Trustee and Bondholders and shall make an offer to each Bondholder to repurchase all outstanding Class B Bonds at a price that is equal to all accrued and unpaid interest, to but not including the date on which the Class B Bonds are redeemed, plus (i) 1.015 times the then outstanding principal amount of the Class B Bonds if such Class B Bonds are at least two years, but no more than three years, from maturity; (ii) 1.01 times the then outstanding principal amount of the Class B Bonds if such Class B Bonds are at least one years, but no more than two years, from maturity; or (iii) the then outstanding principal amount of the Class B Bonds if such Class B Bonds are no more than one year from maturity.
Appears in 5 contracts
Samples: MCI Income Fund VII, LLC, MCI Income Fund VII, LLC, MCI Income Fund VII, LLC
Change of Control Repurchase Event. If a Change of Control Repurchase Event occurs while any Class B A Bonds remain outstanding, the Company shall immediately provide written notice to the Trustee and Bondholders and shall make an offer to each Bondholder to repurchase all outstanding Class B A Bonds at a price that is equal to all accrued and unpaid interest, to but not including the date on which the Class B A Bonds are redeemed, plus (i) 1.015 times the then outstanding principal amount of the Class B A Bonds if such Class B A Bonds are at least two years, but no more than three years, from maturity; (ii) 1.01 times the then outstanding principal amount of the Class B A Bonds if such Class B A Bonds are at least one years, but no more than two years, from maturity; or (iii) the then outstanding principal amount of the Class B A Bonds if such Class B A Bonds are no more than one year from maturity.
Appears in 5 contracts
Samples: MCI Income Fund VII, LLC, MCI Income Fund VII, LLC, MCI Income Fund VII, LLC
