Common use of Purchase at the Option of the Holder Upon a Fundamental Change Clause in Contracts

Purchase at the Option of the Holder Upon a Fundamental Change. If a Fundamental Change shall occur at any time prior to July 15, 2008, each Holder shall have the right, at such Holder's option, to require the Company to purchase any or all of such Holder's Notes for cash on the date that is no later than 35 days after the date of the Company Notice of the occurrence of such Fundamental Change (subject to extension to comply with applicable law, as provided in Section 8.4) (the "Fundamental Change Purchase Date"). The Notes shall be repurchased in integral multiples of $1,000 of the principal amount. The Company shall purchase such Notes at a price (the "Fundamental Change Purchase Price") equal to 100% of the principal amount of the Notes to be purchased plus accrued and unpaid interest, if any, and Additional Amounts, if any, to the Fundamental Change Purchase Date. No Notes may be purchased at the option of the Holders upon a Fundamental Change if there has occurred and is continuing an Event of Default (other than an Event of Default that is cured by the payment of the Fundamental Change Purchase Price of the Notes).

Appears in 1 contract

Samples: Halliburton Co

AutoNDA by SimpleDocs

Purchase at the Option of the Holder Upon a Fundamental Change. If a Fundamental Change shall occur at any time prior to July March 15, 20082012, each Holder shall have the right, at such Holder's ’s option, to require the Company to purchase any or all of such Holder's ’s Notes for cash on the date that is no later than 35 days Business Days after the date of the Company Notice of the occurrence of such Fundamental Change (subject to extension to comply with applicable law, as provided in Section 8.42.05(4)) (the "Fundamental Change Purchase Date"). The Notes shall be repurchased in integral multiples of $1,000 of the principal amountPrincipal Amount. The Company shall purchase such Notes at a price (the "Fundamental Change Purchase Price") equal to 100% of the principal amount of the Notes to be purchased Principal Amount plus accrued and unpaid interest, if any, and Additional Amounts, if any, interest to the Fundamental Change Purchase Date. Notwithstanding anything herein to the contrary, the portion of the Fundamental Change Purchase Price that constitutes accrued and unpaid interest on the Notes, shall be paid in Cash. No Notes may be purchased repurchased at the option of the Holders upon due to a Fundamental Change if there has occurred and is continuing an Event of Default (other than an Event of Default that is cured by the payment of the Fundamental Change Purchase Price purchase price of the all such Notes).

Appears in 1 contract

Samples: Interpublic Group of Companies, Inc.

Purchase at the Option of the Holder Upon a Fundamental Change. If a Fundamental Change shall occur at any time prior to July March 15, 2008, each Holder shall have the right, at such Holder's option, to require the Company to purchase any or all of such Holder's Notes for cash on the date that is no later than 35 days Business Days after the date of the Company Notice of the occurrence of such Fundamental Change (subject to extension to comply with applicable law, as provided in Section 8.42.05(4)) (the "Fundamental Change Purchase Date"). The Notes shall be repurchased in integral multiples of $1,000 of the principal amountPrincipal Amount. The Company shall purchase such Notes at a price (the "Fundamental Change Purchase Price") equal to 100% of the principal amount of the Notes to be purchased Principal Amount plus accrued and unpaid interest, if any, and Additional Amounts, if anyincluding contingent interest, to the Fundamental Change Purchase Date. Notwithstanding anything herein to the contrary, the portion of the Fundamental Change Purchase Price that constitutes accrued and unpaid interest (including contingent interest) on the Notes, shall be paid in Cash. No Notes may be purchased repurchased at the option of the Holders upon due to a Fundamental Change if there has occurred and is continuing an Event of Default (other than an Event of Default that is cured by the payment of the Fundamental Change Purchase Price purchase price of the all such Notes).

Appears in 1 contract

Samples: Interpublic Group of Companies Inc

Purchase at the Option of the Holder Upon a Fundamental Change. If a Fundamental Change shall occur at any time prior to July March 15, 20082013, each Holder shall have the right, at such Holder's ’s option, to require the Company to purchase any or all of such Holder's ’s Notes for cash on no later than the date that is no later than 35 days Business Days after the date of the Company Notice of the occurrence of such Fundamental Change (subject to extension to comply with applicable law, as provided in Section 8.42.05(4)) (the "Fundamental Change Purchase Date"). The Notes shall be repurchased in integral multiples of $1,000 of the principal amountPrincipal Amount. The Company shall purchase such Notes at a price (the "Fundamental Change Purchase Price") equal to 100% of the principal amount of the Notes to be purchased Principal Amount plus accrued and unpaid interest, if any, and Additional Amounts, if any, interest to the Fundamental Change Purchase Date. No Notes may be purchased at Notwithstanding anything herein to the option of contrary, the Holders upon a Fundamental Change if there has occurred and is continuing an Event of Default (other than an Event of Default that is cured by the payment portion of the Fundamental Change Purchase Price of that constitutes accrued and unpaid interest on the Notes)Notes shall be paid in Cash.

Appears in 1 contract

Samples: Interpublic Group of Companies, Inc.

AutoNDA by SimpleDocs

Purchase at the Option of the Holder Upon a Fundamental Change. If a Fundamental Change shall occur at any time prior to July 15, 2008time, each Holder shall have the right, at such Holder's ’s option, to require the Company to purchase any or all of such Holder's Notes for cash ’s Securities on the a date that is no later than 35 days after the date of the Company Notice of the occurrence of such Fundamental Change (subject to extension to comply with applicable law, as provided in Section 8.411.3(d)) (the "Fundamental Change Purchase Date"). The Notes Securities shall be repurchased in integral multiples of $1,000 of the principal amountPrincipal Amount. The Company shall purchase such Notes Securities at a price (the "Fundamental Change Purchase Price") equal to 100% of the principal amount of the Notes Securities to be purchased repurchased plus accrued and unpaid interest, if any, and Additional Amounts, if anyincluding any Contingent Interest, to but excluding the Fundamental Change Purchase Date. The Fundamental Change Purchase Price shall be paid in cash. No Notes Securities may be purchased repurchased at the option of the Holders upon due to a Fundamental Change if there has occurred and is continuing an Event of Default (other than an Event of Default that is cured by the payment of the Fundamental Change Purchase Price of the Notesall such Securities).

Appears in 1 contract

Samples: Indenture (Manor Care Inc)

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