Common use of Mandatory Offers Clause in Contracts

Mandatory Offers. (a) Upon the occurrence of a Change of Control, each Holder of Notes will have the right to require that the Company repurchase such Holder’s Notes, in whole or in part in integral multiples of $1,000 in principal amount, for a cash purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest (including Additional Interest, if any), if any, to the date of repurchase, as provided in, and subject to the terms of, the Indenture. (b) The Company is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount, plus accrued and unpaid interest (including Additional Interest, if any), if any, thereon to the date of repurchase with certain of the Net Available Proceeds of Asset Sales in accordance with the Indenture.

Appears in 1 contract

Samples: Indenture (Birds Eye Foods, Inc.)

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Mandatory Offers. (a) Upon the occurrence of a Change of Control, each Holder of Notes will have the right to require that the Company repurchase such Holder’s 's Notes, in whole or in part in integral multiples of $1,000 in principal amount, for a cash purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest (including Additional Interest, if any), if any, to the date of repurchase, as provided in, and subject to the terms of, the Indenture. (b) The Company is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount, plus accrued and unpaid interest (including Additional Interest, if any), if any, thereon to the date of repurchase with certain of the Net Available Proceeds of Asset Sales in accordance with the Indenture.

Appears in 1 contract

Samples: Indenture (Linden Oaks Corp)

Mandatory Offers. (a) Upon the occurrence of a Change of Control, each Holder of Notes will have the right to require that the Company repurchase such Holder’s Notes, in whole or in part in integral multiples of $1,000 in principal amount, for a cash purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest (including Additional Interest, if any), if any, to the date of repurchase, as provided in, and subject to the terms of, the Indenture. (b) The Company is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount, plus accrued and unpaid interest (including Additional Interest, if any), if any, thereon to the date of repurchase with certain of the Net Available Proceeds of Asset Sales in accordance with the Indenture.

Appears in 1 contract

Samples: Indenture (Birds Eye Foods, Inc.)

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Mandatory Offers. (a) Upon the occurrence of a Change of Control, each Holder of Notes will have the right to require that the Company repurchase such Holder’s 's Notes, in whole or in part in integral multiples of $1,000 in principal amount, for a cash purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest (including Additional Interest, if any), if any, to the date of repurchase, as provided in, and subject to the terms of, the Indenture. (b) The Company is, subject to certain conditions, obligated to make an offer to purchase Notes at 100% of their principal amount, plus accrued and unpaid interest (including Additional Interest, if any), if any, thereon to the date of repurchase with certain of the Net Available Proceeds of Asset Sales in accordance with the Indenture.

Appears in 1 contract

Samples: Indenture (Linden Oaks Corp)

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