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, the Company shall make an offer to all Holders of the Notes to repurchase all or any part of a Holder's Notes pursuant to the terms described below (the "Change of Control Offer") at a purchase price (the "Change of Control Purchase Price") equal to 101% of the principal amount thereof, plus accrued and unpaid interest, including Special Interest, if any, to the repurchase date (subject to the right of Holders on the relevant record date to receive interest due on the relevant interest payment date).

Appears in 2 contracts

Samples: Technical Olympic Usa Inc, Tousa Delaware Inc

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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 of Notes shall have the right to require the Company shall make an offer to all Holders of the Notes to repurchase all or any part of a such Holder's Notes pursuant to the terms offer described below (the "Change of Control Offer") at a purchase price (the "Change of Control Purchase Price") equal to 101% of the principal amount thereof, plus accrued and unpaid interest, including interest and Special Interest, if any, to the repurchase purchase date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date).

Appears in 1 contract

Samples: Rent Way Inc

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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 of Notes shall have the right to require the Company shall make an offer to all Holders of the Notes to repurchase all or any part of a such Holder's Notes pursuant to the terms offer described below (the "Change of Control Offer") at a purchase price (the "Change of Control Purchase Price") equal to 101% of the principal amount thereof, plus accrued and unpaid interest, including Special Interest, if any, to the repurchase purchase date (subject to the right of Holders on the relevant record date to receive interest due on the relevant interest payment date).

Appears in 1 contract

Samples: Joint Venture Agreement (Greif Brothers Corp)

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