Common use of Major Collateral Dispositions Clause in Contracts

Major Collateral Dispositions. Upon a Major Collateral Disposition, in accordance with the terms of the Indenture, each Holder shall have the right to require the Issuer to purchase such Holder's Notes at a purchase price in cash equal to 100% of the principal amount thereof (or, in the case of a Major Collateral Disposition resulting from an Involuntary Loss, 100% of the principal amount thereof) plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest on the relevant interest payment date) plus any Additional Amounts then due or which will become due as a result of the repurchase or otherwise.