Common use of Fundamental Change Permits Holders to Require Company to Purchase Notes Clause in Contracts

Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs, each Holder shall have the right, at its option, to require the Company to purchase in cash, on the Fundamental Change Purchase Date, all of its Notes, or any portion of its Notes in principal amount equal to $1,000 or an integral multiple thereof, on a date (the “Fundamental Change Purchase Date”) specified by the Company in the Fundamental Change Purchase Notice for such Fundamental Change and that is not less than 20 calendar days or more than 35 calendar days immediately following the Fundamental Change Notice Date, at a price (the “Fundamental Change Purchase Price”) equal to 100% of the principal amount of the Notes to be purchased, plus accrued and unpaid Special Interest, if any, to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Record Date for the payment of interest, but on or prior to the corresponding Special Interest Payment Date, the Company will pay the full amount of accrued and unpaid Special Interest, if any, payable on such interest payment date to the Holder of the Note on such Record Date and reduce the Fundamental Change Purchase Price by such amount.

Appears in 3 contracts

Samples: Fundamental Change Purchase (Rh), Fundamental Change Purchase (Rh), Indenture (Restoration Hardware Holdings Inc)

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Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occursoccurs at any time, each a Holder shall have the right, at its option, to require the Company to purchase in cash, on the Fundamental Change Purchase Date, for cash all of its Notes, or any portion of its Notes equal in minimum principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof, on a date (the “Fundamental Change Purchase Date”) that is specified by the Company in the Fundamental Change Purchase Notice for such Fundamental Change and that is not less than 20 calendar days or Business Days nor more than 35 calendar days Business Days immediately following the relevant Fundamental Change Notice Date, at a price (the “Fundamental Change Purchase Price”) equal to 100% of the principal amount of the Notes Note to be purchased, plus accrued and unpaid Special Interestinterest, if any, to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Record Date for the payment of interest, but and on or prior to the corresponding Special Interest Payment Date, the Company will shall pay the full amount of accrued and unpaid Special Interest, if any, interest payable on such interest payment date Interest Payment Date to the Holder of the record of such Note on such Record Date Date, and reduce the Fundamental Change Purchase Price by shall instead be equal to 100% of the principal amount of such amountNote.

Appears in 2 contracts

Samples: Indenture (NRG Yield, Inc.), Indenture (NRG Yield, Inc.)

Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occursoccurs at any time, each Holder shall have the right, at its option, to require the Company to purchase in cash, on the Fundamental Change Purchase Date, for cash all of its Notes, or any portion of its Notes Note equal in principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof, on a date (the “Fundamental Change Purchase Date”) specified by the Company in the Fundamental Change Purchase Notice for such Fundamental Change and that is not less than 20 calendar days or nor more than 35 calendar days immediately following the relevant Fundamental Change Notice Date, at a price (the “Fundamental Change Purchase Price”) equal to 100% of the principal amount of the Notes Note to be purchased, plus accrued and unpaid Special Interestinterest, if any, to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Record Date for the payment of interest, but and on or prior to the corresponding Special Interest Payment Date, the Company will shall pay the full amount of accrued and unpaid Special Interest, if any, interest payable on such interest payment date Interest Payment Date to the Holder of the record of such Note on such Record Date and reduce the Fundamental Change Purchase Price by shall instead be equal to 100% of the principal amount of such amountNote.

Appears in 1 contract

Samples: Indenture (Supernus Pharmaceuticals Inc)

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Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occursoccurs at any time, each Holder shall have the right, at its option, to require the Company to purchase in cash, on the Fundamental Change Purchase Date, for cash any or all of its Notes, or any portion of its Notes in the principal amount thereof, that is equal to $1,000 or an integral multiple of $1,000 in excess thereof, on a date (the “Fundamental Change Purchase Date”) specified by the Company in the Fundamental Change Purchase Notice for such Fundamental Change and that is not less than 20 calendar days or Business Days nor more than 35 calendar days Business Days immediately following the date on which the Company delivers the Fundamental Change Purchase Notice Datefor such relevant Fundamental Change, at a price (the “Fundamental Change Purchase Price”) equal to 100% of the principal amount of the Notes Note to be purchased, plus accrued and unpaid Special Interestinterest, if any, to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Record Date for the payment of interest, but and on or prior to the corresponding Special Interest Payment Date, the Company will shall pay the full amount of accrued and unpaid Special Interestinterest payable on such Interest Payment Date, if any, payable on such interest payment date to the Holder of the record of such Note on such Record Date and reduce the Fundamental Change Purchase Price by shall instead be equal to 100% of the principal amount of such amountNote.

Appears in 1 contract

Samples: Carriage Services Inc

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