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 at any time, a Holder shall have the right, at its option, to require the Company to purchase for cash all or any portion of its Notes equal in minimum principal amount 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 Business Days nor more than 35 Business Days after the relevant 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 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 and on or prior to the corresponding Interest Payment Date, the Company shall pay on such Interest Payment Date the full amount of accrued and unpaid interest, if any, payable on the Notes to be purchased to the Holder of record of such Notes on such Record Date, and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. 000-0000-0000/13/AMERICAS

Appears in 1 contract

Samples: NextEra Energy Partners, LP

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Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs at any time, a Holder shall have the right, at its option, to require the Company to purchase for cash all or any portion of its Notes equal in minimum principal amount 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 Business Days nor more than 35 Business Days after the relevant 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 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 and on or prior to the corresponding Interest Payment Date, the Company shall pay on such Interest Payment Date the full amount of accrued and unpaid interest, if any, payable on the Notes to be purchased to the Holder of record of such Notes on such Record Date, and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. 000-0000-0000/13/AMERICAS.

Appears in 1 contract

Samples: Nextera Energy Partners, Lp

Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs at any time, a Holder shall have the right, at its option, to require the Company to purchase for cash all or any portion of its Notes equal in minimum principal amount 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 Business Days nor more than 35 Business Days after the relevant 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 interestSpecial Interest, if any, to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Special Interest Record Date for the payment of interest Special Interest and on or prior to the corresponding Special Interest Payment Date, the Company shall pay on such Special Interest Payment Date the full amount of accrued and unpaid interestSpecial Interest, if any, payable on the Notes to be purchased to the Holder of record of such Notes on such Special Interest Record Date, and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. 000-0000-0000/13/AMERICAS.

Appears in 1 contract

Samples: Nextera Energy Partners, Lp

Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs at any time, a Holder shall have the right, at its option, to require the Company to purchase for cash all or any portion of its Notes equal in minimum principal amount 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 Business Days nor more than 35 Business Days after the relevant 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 interestSpecial Interest, if any, to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Special Interest Record Date for the payment of interest Special Interest and on or prior to the corresponding Special Interest Payment Date, the Company shall pay on such Special Interest Payment Date the full amount of accrued and unpaid interestSpecial Interest, if any, payable on the Notes to be purchased to the Holder of record of such Notes on such Special 000-0000-0000/7/AMERICAS Interest Record Date, and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. 000-0000-0000/13/AMERICAS.

Appears in 1 contract

Samples: NextEra Energy Partners, LP

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Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs at any time, a each Holder shall have the right, at its option, to require the Company to purchase for cash any or all of its Notes, or any portion of its Notes equal in minimum 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”) that is specified by the Company in the Fundamental Change Purchase Notice for such Fundamental Change and that is not less than 20 Business Days calendar days nor more than 35 Business Days after calendar days immediately following the relevant Fundamental Change Notice DateDate (or, if earlier, the 20th calendar day immediately following the occurrence of the 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 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 and on or prior to the corresponding Interest Payment Date, the Company shall instead pay on such Interest Payment Date the full amount of accrued and unpaid interest, if any, payable on the Notes to be purchased such Interest Payment Date to the Holder of record of such Notes Note on such Record Date, Date and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. 000-0000-0000/13/AMERICASAny Notes purchased by the Company pursuant to this Article 3 shall be paid for in cash.

Appears in 1 contract

Samples: Indenture (Cal Dive International, Inc.)

Fundamental Change Permits Holders to Require Company to Purchase Notes. If a Fundamental Change occurs at any time, a Holder shall have the right, at its option, to require the Company to purchase for cash all or any portion of its Notes equal in minimum principal amount 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 Business Days nor more than 35 Business Days after the relevant 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 interest, if any, interest to, but excluding, the Fundamental Change Purchase Date; provided, however, that if the Fundamental Change Purchase Date occurs after a Regular Record Date for the payment of interest and on or prior to the corresponding Interest Payment Date, the Company shall pay on such Interest Payment Date the full amount of accrued and unpaid interest, if any, interest payable on the Notes to be purchased to the Holder of record of such Notes at the Close of Business on such Regular Record Date, and the Fundamental Change Purchase Price shall instead be equal to 100% of the principal amount of such Note. 000-0000-0000/13/AMERICAS.

Appears in 1 contract

Samples: Nextera Energy Inc

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