Common use of Offer to Repurchase Upon a Change of Control Triggering Event Clause in Contracts

Offer to Repurchase Upon a Change of Control Triggering Event. (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has otherwise exercised its right to redeem the Notes, each holder of Notes will have the right to require the Company to purchase all or a portion of such holder’s Notes pursuant to the offer described below (the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of purchase, subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant interest payment date.

Appears in 5 contracts

Samples: Fifth Supplemental Indenture (Delta Air Lines, Inc.), Fourth Supplemental Indenture (Delta Air Lines, Inc.), Third Supplemental Indenture (Delta Air Lines Inc /De/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.