Common use of Purchase of Notes upon Change of Control Clause in Contracts

Purchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control at any time and subject to the compliance by the Company or the Parent (as the case may be) with the requirements of paragraph (b) of this Section 1010, each Holder shall have the right to require that the Company repurchase all of such Holder's Notes, in whole or in part in integral multiples of $1,000, at a purchase price (the "Change of Control Purchase Price") in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest thereon to the date of purchase, in accordance with the procedures set forth in paragraphs (b) and (c) of this Section 1010 (the "Change of Control Offer").

Appears in 3 contracts

Samples: Supplemental Indenture (Pathnet Telecommunications Inc), Pathnet Telecommunications Inc, Pathnet Telecommunications Inc

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Purchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control at any time and subject to the compliance by Control, the Company or the Parent (as the case may be) will, in accordance with the requirements of paragraph paragraphs (b) and (c) of this Section 1010, give each Holder shall have the right to require that the Company repurchase all of such Holder's Notes, Notes in whole or in part in integral multiples of $1,000, at a purchase price (the "Change of Control Purchase Price") in cash in an amount equal to 101% of the principal amount thereof, thereof plus accrued and unpaid interest thereon and Additional Interest, if any, to the date of purchase, in accordance with the procedures set forth in paragraphs (b) and (c) of this Section 1010 purchase (the "Change of Control OfferPurchase Date").

Appears in 1 contract

Samples: Louisiana Casino Cruises Inc

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Purchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control at any time and subject to the compliance by the Company or the Parent (as the case may be) with the requirements of paragraph (b) of this Section 1010, each Holder shall have the right to require that the Company repurchase all of such Holder's Notes, in whole or in part in integral multiples of $1,000, at a purchase price (the "Change of Control Purchase Price") in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest and Liquidated Damages, if any, thereon to the date of purchase, in accordance with the procedures set forth in paragraphs (b) and (c) of this Section 1010 (the "Change of Control Offer").

Appears in 1 contract

Samples: Pathnet Inc

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