Common use of Right to Require Repurchase upon a Change in Control Clause in Contracts

Right to Require Repurchase upon a Change in Control. In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's option, but subject to the provisions of Section 14.3, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such Holder's Securities not theretofore called for redemption, or any portion of the principal amount thereof that is equal to $1,000 or any integral multiple of $1,000 in excess thereof (PROVIDED, HOWEVER, that no single Security may be repurchased in part unless the portion of the principal amount of such Security to be Outstanding after such repurchase is equal to $1,000 or integral multiples of U.S. $1,000 in excess thereof), on the date (the "Change in Control Repurchase Date") that is 35 Business Days after the date of the Company Notice (as defined in Section 14.4), at a repurchase price equal to 100% of the principal amount of the Securities to be repurchased plus interest accrued but unpaid to, but excluding, the Change in Control Repurchase Date (the "Change in Control Repurchase Price"); PROVIDED, HOWEVER, that installments of interest on Securities whose Stated Maturity is on or prior to the Change in Control Repurchase Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Record Date according to their terms and the provisions of Section 3.7. Such right to require the -90- repurchase of the Securities shall not continue after a discharge of the Company from its obligations with respect to the Securities in accordance with Article IV, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Change in Control Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth in Section 14.3, by delivery of shares of Common Stock having a fair market value equal to the Change in Control Repurchase Price (less any cash payments), or a combination of cash and Common Stock. Whenever in this Indenture (including Section 2.2, Section 3.1, Section 5.1(1) and Section 5.8) there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Repurchase Price payable in respect of such Security to the extent that such Change in Control Repurchase Price is, was or would be so payable at such time, and express mention of the Change in Control Repurchase Price in any provision of this Indenture shall not be construed as excluding the Change in Control Repurchase Price in those provisions of this Indenture when such express mention is not made.

Appears in 1 contract

Samples: Priceline Com Inc

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Right to Require Repurchase upon a Change in Control. In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's option, but subject to the provisions of Section 14.313.2, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such Holder's Securities not theretofore called for redemption, or any portion of the principal amount thereof that is equal to U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof (PROVIDED, HOWEVER, provided that no single Security may be repurchased in part unless the portion of the principal amount of such Security to be Outstanding after such repurchase is equal to U.S. $1,000 or integral multiples of U.S. $1,000 in excess thereof), on the date (the "Change in Control Repurchase Date") that is 35 not fewer than 20 Business Days nor more than 45 days after the date of the Company Notice (as defined in Section 14.4), 13.3) at a repurchase purchase price equal to 100% of the principal amount of the Securities to be repurchased plus accrued and unpaid interest accrued but unpaid (including Liquidated Damages, if any), to, but excluding, the Change in Control Repurchase Date (the "Change in Control Repurchase Price"); PROVIDEDprovided, HOWEVERhowever, that installments of interest interest, if any, on Securities whose Stated Maturity is on or prior to the Change in Control Repurchase Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Record Date according to their terms and the provisions of Section 3.7. Such right to require the -90- repurchase of the Securities shall not continue after a discharge of the Company from its obligations with respect to the Securities in accordance with Article IV, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Change in Control Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth in Section 14.313.2, by delivery of shares of Common Stock having a fair market value equal to the Change in Control Repurchase Price (less any cash payments), or a combination of cash and Common StockPrice. Whenever in this Indenture (including Section Sections 2.2, Section 3.1, Section 5.1(1) and Section 5.8) there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Repurchase Price payable in respect of such Security to the extent that such Change in Control Repurchase Price is, was or would be so payable at such time, and express mention of the Change in Control Repurchase Price in any provision of this Indenture shall not be construed as excluding the Change in Control Repurchase Price in those provisions of this Indenture when such express mention is not made; provided, however, that for the purposes of Article XIII such reference shall be deemed to include reference to the Repurchase Price only to the extent the Repurchase Price is payable in cash.

Appears in 1 contract

Samples: Exult Inc

Right to Require Repurchase upon a Change in Control. In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's option, but subject to the provisions of Section 14.313.2, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such Holder's Securities not theretofore called for redemptionredemption or repurchased by the Company, or any portion of the principal amount thereof that is equal to U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof (PROVIDED, HOWEVER, provided that no single Security may be repurchased in part unless the portion of the principal amount of such Security to be Outstanding after such repurchase is equal to U.S. $1,000 or integral multiples of U.S. $1,000 in excess thereof), on the date (the "Change in Control Repurchase Date") that is 35 Business Days not more than 45 days after the date of the Company Notice (as defined in Section 14.4), 13.3) at a repurchase purchase price equal to 100% of the principal amount of the Securities to be repurchased plus accrued and unpaid interest accrued but unpaid (including Liquidated Damages, if any), to, but excluding, the Change in Control Repurchase Date (the "Change in Control Repurchase Price"); PROVIDEDprovided, HOWEVERhowever, that installments of interest interest, if any, on Securities whose Stated Maturity is on or prior to the Change in Control Repurchase Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Record Date according to their terms and the provisions of Section 3.7. Such right to require the -90- repurchase of the Securities shall not continue after a discharge of the Company from its obligations with respect to the Securities in accordance with Article IV, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Change in Control Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth in Section 14.313.2, by delivery of shares of Common Stock having a fair market value equal to the Change in Control Repurchase Price (less any cash payments), or a combination of cash and Common StockPrice. Whenever in this Indenture (including Section Sections 2.2, Section 3.1, Section 5.1(1) and Section 5.8) there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Repurchase Price payable in respect of such Security to the extent that such Change in Control Repurchase Price is, was or would be so payable at such time, and express mention of the Change in Control Repurchase Price in any provision of this Indenture shall not be construed as excluding the Change in Control Repurchase Price in those provisions of this Indenture when such express mention is not made; provided, however, that for the purposes of Article XIII such reference shall be deemed to include reference to the Repurchase Price only to the extent the Repurchase Price is payable in cash.

Appears in 1 contract

Samples: Solectron Corp

Right to Require Repurchase upon a Change in Control. In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's ’s option, but subject to the provisions of Section 14.313.2, to require the Company to repurchaserepurchase for cash, and upon the exercise of such right the Company shall repurchase, all of such Holder's ’s Securities not theretofore called for redemptionredemption or repurchased by the Company, or any portion of the principal amount thereof that is equal to U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof (PROVIDED, HOWEVER, provided that no single Security may be repurchased in part unless the portion of the principal amount of such Security to be Outstanding after such repurchase is equal to U.S. $1,000 or integral multiples of U.S. $1,000 in excess thereof), on the date (the "Change in Control Repurchase Date") that is 35 Business Days not more than 45 days after the date of the Company Notice (as defined in Section 14.4), 13.2) at a repurchase purchase price equal to 100% of the principal amount of the Securities to be repurchased plus accrued and unpaid interest accrued but unpaid to, but excluding, the Change in Control Repurchase Date (the "Change in Control Repurchase Price"); PROVIDEDprovided, HOWEVERhowever, that installments of interest interest, if any, on Securities whose Stated Maturity is on or prior to the Change in Control Repurchase Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Record Date according to their terms and the provisions of Section 3.7. Such right to require the -90- repurchase of the Securities shall not continue after a discharge of the Company from its obligations with respect to the Securities in accordance with Article IV, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Change in Control Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth in Section 14.3, by delivery of shares of Common Stock having a fair market value equal to the Change in Control Repurchase Price (less any cash payments), or a combination of cash and Common Stock. Whenever in this Indenture (including Section Sections 2.2, Section 3.1, Section 5.1(1) and Section 5.8) there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Repurchase Price payable in respect of such Security to the extent that such Change in Control Repurchase Price is, was or would be so payable at such time, and express mention of the Change in Control Repurchase Price in any provision of this Indenture shall not be construed as excluding the Change in Control Repurchase Price in those provisions of this Indenture when such express mention is not made.

Appears in 1 contract

Samples: Tia     Indenture (Solectron Corp)

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Right to Require Repurchase upon a Change in Control. In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's ’s option, but subject to the provisions of Section 14.313.2, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such Holder's ’s Securities not theretofore called for redemption, or any portion of the principal amount thereof that is equal to U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof (PROVIDED, HOWEVER, provided that no single Security may be repurchased in part unless the portion of the principal amount of such Security to be Outstanding after such repurchase is equal to U.S. $1,000 or integral multiples of U.S. $1,000 in excess thereof), on the date (the "Change in Control Repurchase Date") that is 35 not fewer than 20 Business Days nor more than 45 days after the date of the Company Notice (as defined in Section 14.4), 13.3) at a repurchase purchase price equal to 100% of the principal amount of the Securities to be repurchased plus accrued and unpaid interest accrued but unpaid (including Liquidated Damages, if any), to, but excluding, the Change in Control Repurchase Date (the "Change in Control Repurchase Price"); PROVIDEDprovided, HOWEVERhowever, that installments of interest interest, if any, on Securities whose Stated Maturity is on or prior to the Change in Control Repurchase Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Record Date according to their terms and the provisions of Section 3.7. Such right to require the -90- repurchase of the Securities shall not continue after a discharge of the Company from its obligations with respect to the Securities in accordance with Article IV, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Change in Control Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth in Section 14.313.2, by delivery of shares of Common Stock having a fair market value equal to the Change in Control Repurchase Price (less any cash payments), or a combination of cash and Common StockPrice. Whenever in this Indenture (including Section Sections 2.2, Section 3.1, Section 5.1(1) and Section 5.8) there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Repurchase Price payable in respect of such Security to the extent that such Change in Control Repurchase Price is, was or would be so payable at such time, and express mention of the Change in Control Repurchase Price in any provision of this Indenture shall not be construed as excluding the Change in Control Repurchase Price in those provisions of this Indenture when such express mention is not made; provided, however, that for the purposes of Article XIII such reference shall be deemed to include reference to the Repurchase Price only to the extent the Repurchase Price is payable in cash.

Appears in 1 contract

Samples: Hewitt Associates Inc

Right to Require Repurchase upon a Change in Control. In the event that a Change in Control (as hereinafter defined) shall occur, then each Holder shall have the right, at the Holder's ’s option, but subject to the provisions of Section 14.313.2, to require the Company to repurchaserepurchase for cash, and upon the exercise of such right the Company shall repurchase, all of such Holder's ’s Securities not theretofore called for redemptionredemption or repurchased by the Company, or any portion of the principal amount thereof that is equal to U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof (PROVIDED, HOWEVER, provided that no single Security may be repurchased in part unless the portion of the principal amount of such Security to be Outstanding after such repurchase is equal to U.S. $1,000 or integral multiples of U.S. $1,000 in excess thereof), on the date (the "Change in Control Repurchase Date") that is 35 Business Days not more than 45 days after the date of the Company Notice (as defined in Section 14.4), 13.2) at a repurchase purchase price equal to 100% of the principal amount of the Securities to be repurchased plus accrued and unpaid interest accrued but unpaid to, but excluding, the Change in Control Repurchase Date (the "Change in Control Repurchase Price"); PROVIDEDprovided, HOWEVERhowever, that installments of interest interest, if any, on Securities whose Stated Maturity is on or prior to the Change in Control Repurchase Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such on the relevant Record Date according to their terms and the provisions of Section 3.7. Such right to require the -90- repurchase of the Securities shall not continue after a discharge of the Company from its obligations with respect to the Securities in accordance with Article IV, unless a Change in Control shall have occurred prior to such discharge. At the option of the Company, the Change in Control Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth in Section 14.3, by delivery of shares of Common Stock having a fair market value equal to the Change in Control Repurchase Price (less any cash payments), or a combination of cash and Common Stock. Whenever in this Indenture (including Section Sections 2.2, Section 3.1, Section 5.1(1) and Section 5.8) there is a reference, in any context, to the principal of any Security as of any time, such reference shall be deemed to include reference to the Change in Control Repurchase Price payable in respect of such Security to the extent that such Change in Control Repurchase Price is, was or would be so payable at such time, and express mention of the Change in Control Repurchase Price in any provision of this Indenture shall not be construed as excluding the Change in Control Repurchase Price in those provisions of this Indenture when such express mention is not made; 95 provided, however, that for the purposes of Article XIII such reference shall be deemed to include reference to the Repurchase Price only to the extent the Repurchase Price is payable in cash.

Appears in 1 contract

Samples: Solectron Corp

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