Common use of Offer to Purchase upon a Change of Control Event Clause in Contracts

Offer to Purchase upon a Change of Control Event. (a) Upon the occurrence of a Change of Control Event, the Company will offer to repurchase (the "Change of Control Purchase Offer") all Senior Notes from the Holders, and each Holder will have the right to require that the Company repurchase such Holder's Senior Notes, at a purchase price in cash equal to 101% of the principal amount thereof (the "Change of Control Purchase Price") plus accrued and unpaid interest (including any Additional Interest), if any, to the Change of Control Purchase Date (subject to the right of Holders on the relevant Regular Record Date to receive interest (including any Additional Interest) due on an Interest Payment Date occurring prior to such Change of Control Purchase Date), in accordance with the provisions of this Section 9.17.

Appears in 2 contracts

Samples: Indenture (Resource America Inc), Indenture (Resource America Inc)

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Offer to Purchase upon a Change of Control Event. (a) Upon the occurrence of a Change of Control Event, the Company will offer to repurchase (the "Change of Control Purchase Offer") all Senior Notes from the Holders, and each Holder will have the right to require that the Company repurchase such Holder's Senior Notes, at a purchase price in cash equal to 101% of the principal amount thereof (the "Change of Control Purchase Price") plus accrued and unpaid interest (including any Additional Interest), if any, to the Change of Control Purchase Date (subject to the right of Holders on the relevant Regular Record Date to receive interest (including any Additional Interest) due on an Interest Payment Date occurring prior to such Change of Control Purchase Date), in accordance with the provisions of this Section 9.17.. 71

Appears in 1 contract

Samples: Indenture (Resource America Inc)

Offer to Purchase upon a Change of Control Event. (a) Upon the occurrence of a Change of Control Event, the Company will offer to repurchase (the "Change of Control Purchase Offer") all Senior Notes from the Holders, and each Holder will have the right to require that the Company repurchase such Holder's Senior Notes, in whole or in part, in integral multiples of $1,000, at a purchase price in cash equal to 101% of the principal amount thereof (the "Change of Control Purchase Price") plus accrued and unpaid interest (including any Additional Interest)interest, if any, to the Change of Control Purchase Date (subject to the right of Holders on the relevant Regular Record Date to receive interest (including any Additional Interest) due on an Interest Payment Date occurring prior to such Change of Control Purchase Date), in accordance with the provisions of this Section 9.179.16.

Appears in 1 contract

Samples: Wilshire Financial Services Group Inc

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Offer to Purchase upon a Change of Control Event. (a) Upon the occurrence of a Change of Control Event, the Company will offer to repurchase (the "Change of Control Purchase Offer") all Senior Notes from the Holders, and each Holder will have the right to require that the Company repurchase such Holder's Senior Notes, at a purchase price in cash equal to 101% of the principal amount thereof (the "Change of Control Purchase Price") plus accrued and unpaid interest (including any Additional Interest)interest, if any, to the Change of Control Purchase Date (subject to the right of Holders on the relevant Regular Record Date to receive interest (including any Additional Interest) due on an Interest Payment Date occurring prior to such Change of Control Purchase Date), in accordance with the provisions of this Section 9.179.16.

Appears in 1 contract

Samples: Wilshire Financial Services Group Inc

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