Common use of Mandatory Redemption or Sinking Fund Clause in Contracts

Mandatory Redemption or Sinking Fund. The Company is not required to make mandatory redemption payments or sinking fund payments with respect to the Notes. In addition, other than as required in Sections 5.6, 3.5 and 3.9, the Company shall not be required to offer to repurchase or redeem or otherwise modify the terms of any of the Notes upon a change in control of, or other events involving, the Company or any of its Subsidiaries that may adversely affect the creditworthiness of the Notes, as applicable. The Company and its equity holders may, at any time and from time to time, purchase Notes in open market transactions, by tender offer or otherwise, provided that all Holders of the Notes have been offered the opportunity to participate in any such purchase; provided further, that the Company shall not engage in privately negotiated exchanges or purchases other than in connection to an offer to all Holders.