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

Repurchase upon Change of Control Repurchase Event. If a Change of Control Repurchase Event occurs with respect to the Notes, unless the Company has exercised its right to redeem the Notes, the Company will make an offer to each Holder of Notes to repurchase all or any part (in excess of $2,000 and in integral multiples of $1,000) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to the date of repurchase. Within 30 days following any Change of Control Repurchase Event, the Company will mail a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute the Change of Control Repurchase Event and offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations hereunder by virtue of such conflict. On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful (i) accept for payment all Notes or portions of Notes (in excess of $2,000 and in integral multiples of $1,000) properly tendered pursuant to the Company’s offer; (ii) deposit with the Paying Agent an amount equal to the aggregate repurchase price in respect of all Notes or portions of Notes properly tendered; and (iii) deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Company. The Paying Agent will promptly mail to each Holder of Notes properly tendered the repurchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000. The Company will not be required to make an offer to repurchase the notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company, and such third party purchases all Notes properly tendered and not withdrawn under its offer.

Appears in 13 contracts

Samples: Security Agreement (Reynolds American Inc), Security Agreement (Reynolds American Inc), Security Agreement (Reynolds American Inc)

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Repurchase upon Change of Control Repurchase Event. (a) If a Change of Control Repurchase Event occurs with respect to the Notesoccurs, unless the Company has exercised its right to redeem the Notesthis series of Securities, the Company will make an offer to each Holder of Notes Securities to repurchase all or any part (in excess denominations of $2,000 €100,000 and in integral multiples of $1,000€1,000 in excess thereof) of that Holder’s Notes Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes Securities repurchased plus any accrued and unpaid interest on the Notes Securities repurchased to the date of repurchase. Within 30 days following any Change of Control Repurchase EventEvent or, at the Company’s option, prior to any Change of Control, but after the public announcement of an impending Change of Control, the Company will mail (or delivered by electronic transmission in accordance with the applicable procedures of Clearstream and Euroclear) a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Notes Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailedmailed (or delivered by electronic transmission in accordance with the applicable procedures of Clearstream and Euroclear). The notice shall, if mailed (or delivered by electronic transmission in accordance with the applicable procedures of Clearstream and Euroclear) prior to the date of consummation of the Change of Control, state that the offer to repurchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Trustee shall have no duty or obligation to determine whether a Change of Control Repurchase Event has occurred or is continuing. (b) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Notes Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the NotesSecurities, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations hereunder under the Change of Control Repurchase Event provisions of the Securities by virtue of such conflict. . (c) On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful lawful: (i) accept for payment all Notes Securities or portions of Notes Securities (in excess denominations of $2,000 €100,000 and in integral multiples of $1,000€1,000 in excess thereof) properly tendered pursuant to the Company’s offer; ; (ii) deposit with the Paying Agent Trustee an amount equal to the aggregate repurchase price in respect of all Notes Securities or portions of Notes Securities properly tendered; and and (iii) deliver or cause to be delivered to the Trustee the Notes Securities properly accepted, together with an OfficersofficersCertificate certificate stating the aggregate principal amount of Notes Securities being purchased by the Company. . (d) The Trustee or Paying Agent will promptly mail pay to each Holder of Notes Securities properly tendered the repurchase price for the NotesSecurities, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note Security equal in principal amount to any unpurchased portion of any Notes Securities surrendered; provided provided, that each new Note Security will be in a principal amount of $2,000 €100,000 or an integral multiple of $1,000. €1,000 in excess thereof. (e) The Company will not be required to make an offer to repurchase the notes Securities upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company, Company and such third party purchases all Notes Securities properly tendered and not withdrawn under its offer. (f) As used in this Paragraph 7, the defined terms set forth below have the specified meanings:

Appears in 1 contract

Samples: Indenture (Kimberly Clark Corp)

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Repurchase upon Change of Control Repurchase Event. If a Change of Control Repurchase Event occurs with respect to the Notes, unless the Company has exercised its right to redeem the Notes, the Company will make an offer to each Holder of Notes to repurchase all or any part (in excess of $2,000 and in integral multiples of $1,000) of that HolderXxxxxx’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to the date of repurchase. Within 30 days following any Change of Control Repurchase Event, the Company will mail a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute the Change of Control Repurchase Event and offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations hereunder by virtue of such conflict. On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful (i) accept for payment all Notes or portions of Notes (in excess of $2,000 and in integral multiples of $1,000) properly tendered pursuant to the Company’s offer; (ii) deposit with the Paying Agent an amount equal to the aggregate repurchase price in respect of all Notes or portions of Notes properly tendered; and (iii) deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Company. The Paying Agent will promptly mail to each Holder of Notes properly tendered the repurchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000. The Company will not be required to make an offer to repurchase the notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company, and such third party purchases all Notes properly tendered and not withdrawn under its offer.

Appears in 1 contract

Samples: Security Agreement (Reynolds American Inc)

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