Common use of Repurchase at the Option of Holders Upon a Change of Control Clause in Contracts

Repurchase at the Option of Holders Upon a Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder's Notes pursuant to the offer described below (the "CHANGE OF CONTROL OFFER") at a purchase price (the "CHANGE OF CONTROL PURCHASE PRICE") equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest and Additional Interest if any, on the Notes repurchased, to the purchase date (subject to the right of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date). Subject to clause (c) below, within 30 days following any Change of Control, the Company shall mail a notice to the Trustee and each Holder:

Appears in 2 contracts

Samples: Villa Pines Care LLC, Gallipolis Care LLC

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Repurchase at the Option of Holders Upon a Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder's Notes pursuant to the offer described below (the "CHANGE OF CONTROL OFFER") at a purchase price price, in cash (the "CHANGE OF CONTROL PURCHASE PRICE") ), equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest and Additional Interest Special Interest, if any, on the Notes repurchased, to the purchase date (subject to the right of Holders on the relevant record date to receive interest due on to, but excluding, the relevant Interest Change of Control Payment DateDate (as defined below)). Subject to clause (c) below, within 30 Within 90 days following any Change of Control, unless the Company shall mail has mailed a redemption notice with respect to all of the Trustee and each Holderoutstanding Notes in accordance with Section 3.07, the Company shall:

Appears in 2 contracts

Samples: S&c Resale Co, S&c Resale Co

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