Common use of Repurchase of Notes by the Company at Option of Holders upon a Fundamental Change Clause in Contracts

Repurchase of Notes by the Company at Option of Holders upon a Fundamental Change. (a) If a Fundamental Change shall occur at any time prior to Stated Maturity, each holder shall have the right, at such holder’s option, to require the Company to repurchase for cash all or a portion of such holder’s Notes, or any portion of the Principal Amount thereof that is equal to $1,000 or an integral multiple of $1,000, on the date specified in the Fundamental Change Repurchase Notice, which date shall be no more than 30 Business Days after the date of the Fundamental Change Repurchase Notice (subject to extension to comply with applicable law) (the “Fundamental Change Repurchase Date”). The Company shall repurchase such Notes at a price equal to 100% of the Principal Amount thereof (the “Fundamental Change Repurchase Price”) plus any accrued and unpaid Interest on the Notes to, but not including, the Fundamental Change Repurchase Date. If the applicable Fundamental Change Repurchase Date is after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Notes on the applicable record date instead of the holders surrendering such Notes for repurchase on such date.

Appears in 2 contracts

Samples: Indenture (O Reilly Automotive Inc), Indenture (CSK Auto Corp)

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Repurchase of Notes by the Company at Option of Holders upon a Fundamental Change. (a) If there shall occur a Fundamental Change shall occur at any time prior to Stated Maturitymaturity of the Notes, then each holder Noteholder shall have the right, at such holder’s 's option, to require the Company to repurchase for cash all or a portion of such holder’s 's Notes, or any portion of the Principal Amount thereof that is equal to $1,000 or an integral multiple of $1,0001,000 principal amount, on a date designated by the date specified in Company (the "Fundamental Change Repurchase Notice, which date shall be no Date") that is not less than fifteen (15) nor more than 30 Business Days thirty (30) days after the date of the Fundamental Change Repurchase Notice (subject to extension to comply with applicable law) (the “for such Fundamental Change Repurchase Date”). The Company shall repurchase such Notes at a repurchase price in cash equal to 100% of the Principal Amount thereof (the “Fundamental Change Repurchase Price”) plus any principal amount thereof, together with accrued and unpaid Interest on the Notes and Additional Amounts, if any, to, but not includingexcluding, the Fundamental Change Repurchase Date. If Date (such price to be paid promptly following the applicable later of the Business Day immediately following the Fundamental Change Repurchase Date is and the time of book-entry transfer or delivery of the Notes); provided that if such Fundamental Change Repurchase Date falls after a Regular Record Date record date and on or prior to the corresponding Interest Payment Dateinterest payment date, then the Interest and Additional Amounts, if any, payable on such Interest Payment Date interest payment date shall be paid on such Interest Payment Date to the holders of record of such the Notes at the close of business on the applicable record date instead of the holders surrendering such the Notes for repurchase on such daterepurchase.

Appears in 1 contract

Samples: Conexant Systems Inc

Repurchase of Notes by the Company at Option of Holders upon a Fundamental Change. (a) If a Fundamental Change shall occur at any time prior to Stated Maturity, each holder shall have the right, at such holder’s 's option, to require the Company to repurchase for cash all or a portion of such holder’s 's Notes, or any portion of the Principal Amount thereof that is equal to $1,000 or an integral multiple of $1,000, on the date specified in the Fundamental Change Repurchase Notice, which date shall be no more than 30 Business Days after the date of the Fundamental Change Repurchase Notice (subject to extension to comply with applicable law) (the “Fundamental Change Repurchase Date”"FUNDAMENTAL CHANGE REPURCHASE DATE"). The Company shall repurchase such Notes at a price equal to 100% of the Principal Amount thereof (the “Fundamental Change Repurchase Price”"FUNDAMENTAL CHANGE REPURCHASE PRICE") plus any accrued and unpaid Interest on the Notes to, but not including, the Fundamental Change Repurchase Date. If the applicable Fundamental Change Repurchase Date is after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Notes on the applicable record date instead of the holders surrendering such Notes for repurchase on such date.

Appears in 1 contract

Samples: Indenture (CSK Auto Corp)

Repurchase of Notes by the Company at Option of Holders upon a Fundamental Change. (a) If a Fundamental Change shall occur at any time prior to Stated Maturity, each holder shall have the right, at such holder’s option, to require the Company to repurchase for cash all or a portion of such holder’s Notes, or any portion of the Principal Amount thereof that is equal to $1,000 or an integral multiple of $1,000, on the date specified in the Fundamental Change Repurchase Notice, which date shall be no more than 30 Business Days thirty calendar days after the date of the Fundamental Change Repurchase Notice (subject to extension to comply with applicable law) (the “Fundamental Change Repurchase Date”). The Company shall repurchase such Notes at a price equal to 100% of the Principal Amount thereof (the “Fundamental Change Repurchase Price”) plus any accrued and unpaid Interest on the Notes to, but not including, the Fundamental Change Repurchase Date. If the applicable Fundamental Change Repurchase Date is after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Notes on the applicable record date instead of the holders surrendering such Notes for repurchase on such date.

Appears in 1 contract

Samples: Indenture (Ryerson Tull Inc /De/)

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Repurchase of Notes by the Company at Option of Holders upon a Fundamental Change. (a) If Subject to Section 3.07(f), if a Fundamental Change shall occur at any time prior to Stated Maturity, each holder shall have the right, at such holder’s 's option, to require the Company to repurchase for in cash all or a portion of such holder’s 's Notes, or any portion of the Principal Amount thereof that is equal to $1,000 or an integral a multiple of $1,0001,000 principal amount, on the date specified in the Fundamental Change Repurchase NoticeOffer, which date shall be no more than 30 Business Days days after the date of the Fundamental Change Repurchase Notice Offer (subject to extension to comply with applicable law) (the "Fundamental Change Repurchase Date"). The Company shall repurchase such Notes at a price (the "Fundamental Change Repurchase Price") equal to 100% of the Principal Amount principal amount thereof (the “Fundamental Change Repurchase Price”) plus any accrued and unpaid Interest on the Notes to, but not includingexcluding, the Fundamental Change Repurchase Date. If the applicable ; provided that if such Fundamental Change Repurchase Date is after a Regular Record Date and falls on or prior to the corresponding an Interest Payment Date, then the Interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such the Notes on the applicable record date instead of the holders surrendering such the Notes for repurchase on such date.

Appears in 1 contract

Samples: Registration Rights Agreement (Walter Industries Inc /New/)

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