Common use of Redemption if Change of Control Transaction Clause in Contracts

Redemption if Change of Control Transaction. Notwithstanding anything to the contrary herein, upon receipt of a Change of Control Notice with respect to a Change of Control Transaction, the Holder shall, in its sole discretion on or before the closing of the Change of Control Transaction, have the right to require the Borrowers purchase the Note at a price equal to 105% of the then outstanding Principal Amount thereof together, at Holder’s option, with accrued and unpaid Interest and fees (the “Offer Price”); provided that, if 90% or more of the Principal Amount outstanding on the date of the Change of Control Notice have been tendered for redemption, the Company will have the right, in its sole discretion, to redeem all of the outstanding Notes at the Offer Price.

Redemption if Change of Control Transaction. Notwithstanding anything to the contrary herein, upon Upon receipt of a Change of Control Notice with respect to a Change of Control Transaction, the Holder shall, in its sole discretion on or before the closing of the Change of Control Transaction, have the right to require the Borrowers Borrower purchase the Note Debentures at a price equal to 105% of the then outstanding Principal Amount thereof together, at Holder’s option, together with accrued and unpaid Interest and fees (the “Offer Price”); provided that, if 90% or more of the Principal Amount outstanding on the date of the Change of Control Notice have been tendered for redemption, the Company Borrower will have the right, in its sole discretion, to redeem all of the outstanding Notes Debentures at the Offer Price.