Common use of Redemption Upon Change of Control Clause in Contracts

Redemption Upon Change of Control. (a) Within 30 days following the date upon which any Change of Control Repurchase Event occurs, or at the Company’s option, prior to any Change of Control Repurchase Event if a definitive agreement is in place for the Change of Control at the time of making the Offer to Purchase pursuant to the Change of Control Repurchase Event, the Company shall commence an Offer to Purchase at a purchase price equal to 101% of the aggregate principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, to the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date.

Appears in 3 contracts

Samples: Supplemental Indenture (Ak Steel Holding Corp), Supplemental Indenture (Ak Steel Holding Corp), Supplemental Indenture (Ak Steel Holding Corp)

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Redemption Upon Change of Control. (a) Within 30 days following the date upon which any Change of Control Repurchase Event occurs, or at the Company’s option, prior to any Change of Control Repurchase Event if a definitive agreement is in place for but after the Change public announcement of Control at the time of making the Offer to Purchase pursuant to the pending Change of Control Repurchase Event, the Company shall commence an Offer to Purchase at a purchase price equal to 101% of the aggregate principal Principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, to the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date.

Appears in 1 contract

Samples: Supplemental Indenture (Ak Steel Holding Corp)

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Redemption Upon Change of Control. (a) Within 30 days following the date upon which any Change of Control Repurchase Event occurs, or at the Company’s 's option, prior to any Change of Control Repurchase Event if a definitive agreement is in place for the Change of Control at the time of making the Offer to Purchase pursuant to the Change of Control Repurchase Event, the Company shall commence an Offer to Purchase at a purchase price equal to 101% of the aggregate principal Principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, to the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date.

Appears in 1 contract

Samples: Second Supplemental Indenture (Ak Steel Holding Corp)

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