Common use of Repurchase upon a Change of Control and Asset Sales Clause in Contracts

Repurchase upon a Change of Control and Asset Sales. Upon the occurrence of (a) a Change of Control, the Holders of the Notes will have the right to require that the Co-Issuers repurchase such Holder’s outstanding Notes, in whole or in part, at a repurchase price of 101% of the principal amount thereof, plus accrued and unpaid interest and Special Interest, if any, to the date of purchase and (b) Asset Sales or receipt by the Co-Issuers of any Event of Loss Proceeds, the Co-Issuers may be obligated to make offers to repurchase Notes and Pari Passu Indebtedness with a portion of the Net Proceeds of such Asset Sales or such Event of Loss Proceeds at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase.

Appears in 2 contracts

Samples: Supplemental Indenture (Infosat Communications LP), Supplemental Indenture (Infosat Communications LP)

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Repurchase upon a Change of Control and Asset Sales. Upon the occurrence of (a) a Change of Control, the Holders of the Notes will have the right to require that the Co-Issuers repurchase such Holder’s outstanding Notes, in whole or in part, at a repurchase purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest and Special Interest, if any, and Additional Amounts, if any, to the date of purchase repurchase and (b) Asset Sales or receipt by the Co-Issuers of any Event of Loss Proceeds, the Co-Issuers may be obligated to make offers to repurchase Notes and Pari Passu Indebtedness with a portion of the Net Proceeds of such Asset Sales or such Event of Loss Proceeds at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase.

Appears in 2 contracts

Samples: Supplemental Indenture (Infosat Communications LP), Supplemental Indenture (Infosat Communications LP)

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Repurchase upon a Change of Control and Asset Sales. Upon the occurrence of (a) a Change of Control, the Holders of the Notes will have the right to require that the Co-Issuers repurchase such Holder’s outstanding Notes, in whole or in part, at a repurchase purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest and Special InterestAdditional Amounts, if any, to the date of purchase repurchase and (b) Asset Sales or receipt by the Co-Issuers of any Event of Loss Proceeds, the Co-Issuers may be obligated to make offers to repurchase Notes and Pari Passu Indebtedness with a portion of the Net Proceeds of such Asset Sales or such Event of Loss Proceeds at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase.

Appears in 1 contract

Samples: Indenture (Telesat Canada)

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