Common use of Purchase of Notes at Option of the Holder Upon Change in Control Clause in Contracts

Purchase of Notes at Option of the Holder Upon Change in Control. (a) If on or prior to maturity, there shall have occurred a Change in Control, each holder shall have the right to cause the Company to purchase all or a portion of the Notes of such holder on the date that is 35 business days after the occurrence of the Change of Control (the "Change in Control Purchase Date"), for a purchase price equal to the outstanding principal amount thereof plus accrued interest thereon to the Change in Control Purchase Date (the "Change in Control Purchase Price") subject to Article 3 and satisfaction by or on behalf of the holder of the requirements set forth in Section 7.6(c) below. A "Change in Control" shall be deemed to have occurred at such time as either of the following events shall occur:

Appears in 2 contracts

Samples: Sholodge Inc, Sholodge Inc

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Purchase of Notes at Option of the Holder Upon Change in Control. (ai) If on or prior to maturityOctober 31, 2004 there shall have occurred a Change in Control, each holder shall have the right to cause the Company to purchase all or a portion of the Notes of any Holder shall be purchased by the Company, at the option of such holder on Holder, at a purchase price specified in paragraph 6 of the Notes (the "Change in Control Purchase Price"), as of a date that is no later than 35 business days Business Days after the occurrence of the Change of in Control (the "Change in Control Purchase Date"), for a purchase price equal to the outstanding principal amount thereof plus accrued interest thereon to the Change in Control Purchase Date (the "Change in Control Purchase Price") subject to Article 3 and satisfaction by or on behalf of the holder Holder of the requirements set forth in Section 7.6(c) below3.09(c). A "Change in Control" shall be deemed to have occurred at such time as either of the following events shall occur:

Appears in 1 contract

Samples: Supplemental Indenture (Avaya Inc)

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Purchase of Notes at Option of the Holder Upon Change in Control. (a) If on or prior to maturity, there shall have occurred a Change in Control, each holder shall have the right to cause the Company to purchase all or a portion of the Notes of such holder on the date that is 35 business days after the occurrence of the Change of Control (the "Change in Control Purchase Date"), for a purchase price equal to the outstanding principal amount thereof plus accrued interest thereon to the Change in Control Purchase Date (the "Change in Control Purchase Price") subject to Article 3 and satisfaction by or on behalf of the holder of the requirements set forth in Section 7.6(c7.5(c) below. A "Change in Control" shall be deemed to have occurred at such time as either of the following events shall occur:

Appears in 1 contract

Samples: Sholodge Inc

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