REPURCHASE AT THE OPTION Sample Clauses
The 'Repurchase at the Option' clause grants one party the right to require the other party to buy back certain assets or securities under specified conditions. Typically, this clause outlines the circumstances under which the repurchase can be triggered, such as a default event or upon reaching a particular date, and details the price or formula for determining the repurchase amount. Its core practical function is to provide flexibility and protection for the party holding the option, allowing them to exit the arrangement or recover their investment if certain events occur.
REPURCHASE AT THE OPTION. OF A HOLDER UPON A CHANGE OF CONTROL
REPURCHASE AT THE OPTION of Holders upon a Change of Control. ------------------------------------------------------------ If a Change of Control occurs, each Holder of Notes shall have the right to require the Issuers to repurchase all or any part (equal to $1,000 or an integral multiple thereof) of that Holder's Notes pursuant to a Change of Control Offer. In the Change of Control Offer, the Issuers shall offer (a "Change of Control Offer") a payment (the "Change of Control Payment") in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest thereon, if any, to the date of purchase. Within ten days following any Change of Control, the Issuers shall mail a notice to each Holder (with a copy to the Trustee) describing the transaction or transactions that constitute the Change of Control and stating:
(a) the purchase price and the purchase date, which shall not exceed 30 Business Days from the date such notice is mailed (the "Change of Control Payment Date");
(b) that any Note not tendered shall continue to accrue interest;
(c) that, unless the Issuers default in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change of Control Payment Date;
(d) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer shall be required to surrender the Notes, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date;
(e) that Holders shall be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and
(f) that Holders whose Notes are being purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $1,000 in principal amount or an integral multiple thereof. The Issuers shall comply with the requirements of Rule 14e-1 under the Exchange Act (or any successo...
REPURCHASE AT THE OPTION. OF A HOLDER
REPURCHASE AT THE OPTION. OF A HOLDER UPON A CHANGE OF CONTROL OR TERMINATION OF TRADING............................................................................... 52
REPURCHASE AT THE OPTION. OF A HOLDER UPON A triggering CHANGE OF CONTROL...................................................36
REPURCHASE AT THE OPTION. OF THE HOLDER UPON SPECIFIC REPURCHASE DATES OR A FUNDAMENTAL CHANGE
REPURCHASE AT THE OPTION. OF THE HOLDER -------------------------------------- Upon a Change of Control, any Holder of Securities will have the right, subject to certain conditions set forth in the Indenture, to require the Issuer to repurchase all or any part of the Securities of such Holder at a purchase price equal to 101% of the aggregate principal amount of the Securities to be repurchased plus accrued and unpaid interest thereon, if any, to the date of repurchase (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date that is on or prior to the date of repurchase) as provided in, and subject to the terms of, the Indenture.