Common use of Repurchase of Notes upon Change of Control Clause in Contracts

Repurchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase such Holder's Notes in whole or in part (the "Change of Control Offer"), at a purchase price (the "Purchase Price") in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, to the date of purchase (subject to the right of Holders of record to receive interest on the relevant Interest Payment Date) (the "Change of Control Payment") in accordance with the procedures set forth in paragraphs (c) and (d) of this Section.

Appears in 2 contracts

Samples: Indenture (World Access Inc /New/), Indenture (World Access Inc /New/)

AutoNDA by SimpleDocs

Repurchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase such Holder's Notes in whole or in part (the "Change of Control Offer"), at a purchase price (the "Purchase ----------------------- -------- Price") in cash in an amount equal to 101% of the principal amount thereof, plus ----- accrued and unpaid interestinterest and Liquidated Damages, if any, to the date of purchase (subject to the right of Holders of record to receive interest on the relevant Interest Payment Date) (the "Change of Control Payment") in accordance ------------------------- with the procedures set forth in paragraphs (c) and (d) of this Section.

Appears in 1 contract

Samples: Facilicom International Inc

Repurchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase such Holder's Notes in whole or in part (the "Change of Control Offer"), at a purchase price (the "Purchase Price") in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interestinterest and Liquidated Damages, if any, to the date of purchase (subject to the right of Holders of record to receive interest on the relevant Interest Payment Date) (the "Change of Control Payment") in accordance with the procedures set forth in paragraphs (c) and (d) of this Section.

Appears in 1 contract

Samples: World Access Inc /New/

Repurchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of ControlControl and subject to the compliance by the Company with the requirements of paragraph (b) of this Section 1010, then each Holder shall have the right to require that the Company to repurchase such Holder's Notes in whole or in part (the "Change of Control Offer"), at a purchase price (the "Purchase Price") in cash in an amount equal to 101% of the principal amount thereof, thereof plus accrued and unpaid interest, if any, to the date of purchase purchase, (subject to the right of Holders holders of record to receive interest on the relevant Interest Payment Dateinterest payment date) (the "Change of Control Payment") in accordance with the procedures set forth in paragraphs (c) and (d) of this Section.

Appears in 1 contract

Samples: Indenture (Primus Telecommunications Group Inc)

AutoNDA by SimpleDocs

Repurchase of Notes upon Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase such Holder's Notes in whole or in part (the "Change of Control Offer"), at a purchase price (the "Purchase Price") in cash in an amount equal to 101101.0% of the principal amount thereof, plus accrued and unpaid interestinterest and Liquidated Damages, if any, to the date of purchase (subject to the right of Holders of record to receive interest on the relevant Interest Payment Date) (the "Change of Control Payment") in accordance with the procedures set forth in paragraphs (c) and (d) of this Section.

Appears in 1 contract

Samples: Startec Global Communications Corp

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