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

Repurchase at the Option of Holders Upon Change of Control Triggering Event. (a) Upon the occurrence of a Change of Control Triggering Event with respect to a series of Securities, unless the Issuer has exercised its right to redeem the Securities of such series pursuant to Section 3.02, each Holder of Securities of such series shall have the right to require the Issuer to purchase all or a portion of such Holder’s Securities of such series pursuant to the offer described below (the “Change of Control Offer”), at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Payment”), subject to the rights of Holders of Securities of such series on the relevant record date to receive interest due on the relevant Interest Payment Date.

Appears in 3 contracts

Samples: Supplemental Indenture (LKQ Corp), Supplemental Indenture (Keystone Automotive Operations Inc), Supplemental Indenture (Keystone Automotive Operations Inc)

AutoNDA by SimpleDocs

Repurchase at the Option of Holders Upon Change of Control Triggering Event. (a) Upon the occurrence of a Change of Control Triggering Event with respect to a series of SecuritiesNotes, unless the Issuer has exercised its right to redeem the Securities Notes of such series pursuant to Section 3.023.01, each Holder of Securities Notes of such series shall have the right to require the Issuer to purchase all or a portion of such Holder’s Securities Notes of such series pursuant to the offer described below (the “Change of Control Offer”), at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Payment”), subject to the rights of Holders of Securities Notes of such series on the relevant record date to receive interest due on the relevant Interest Payment Date.

Appears in 1 contract

Samples: Indenture (LKQ Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.