Common use of Redemption Upon a Change of Control Clause in Contracts

Redemption Upon a Change of Control. 4.1.1 If a Change of Control Triggering Event occurs, unless the Issuers have exercised their right to redeem any Notes as described above, the Issuers will be required to make an offer to repurchase all, or any part (equal to $1,000.00 or an integral multiple thereof), of each Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”) on the terms set forth herein. In the Change of Control Offer, the Issuers will be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of repurchase (the “Change of Control Payment”).

Appears in 12 contracts

Samples: Tenth Supplemental Indenture (Brookfield Infrastructure Partners L.P.), Fourteenth Supplemental Indenture (Brookfield Infrastructure Partners L.P.), Supplemental Indenture (Brookfield Infrastructure Partners L.P.)

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