Common use of Springing Repurchase Offer Clause in Contracts

Springing Repurchase Offer. The Company will be required to offer (“Springing Repurchase Offer”) to repurchase for cash all of such Holder’s Notes, or any portion thereof that is equal to $1,000 Original Principal Amount or an integral multiple of $1,000 Original Principal Amount, on the Springing Repurchase Date at a repurchase price equal to 100% of the Then Current Principal Amount thereof, plus any accrued and unpaid interest thereon to, but excluding, the Springing Repurchase Date plus the Redemption Premium (determined as if the Springing Repurchase Date were a Redemption Date pursuant to a Make-Whole Redemption of the Notes under Section 16.01(c)) (the “Springing Repurchase Price”), unless the Springing Repurchase Date falls after an Interest Record Date but on or prior to the Interest Payment Date to which such Interest Record Date relates, in which case the Company shall instead pay the full amount of any accrued and unpaid interest to Holders of record as of such Interest Record Date, and the Springing Repurchase Price shall be equal to 100% of the Then Current Principal Amount of Notes to be repurchased pursuant to this Section 15.01.

Springing Repurchase Offer. The Company will be required to offer (“Springing Repurchase Offer”) to repurchase for cash all of such Holder’s Notes, or any portion thereof that is equal to $1,000 Original Principal Amount or an integral multiple of $1,000 Original Principal Amount, Notes on the Springing Repurchase Date at a repurchase price equal to 100% of the Then Current Principal Amount thereof, plus any accrued and unpaid interest thereon to, but excluding, the Springing Repurchase Date plus the Redemption Premium (determined as if the Springing Repurchase Date were a Redemption Date pursuant to a Make-Whole Redemption of the Notes under Section 16.01(c)) (the “Springing Repurchase Price”), unless the Springing Repurchase Date falls after an Interest Record Date but on or prior to the Interest Payment Date to which such Interest Record Date relates, in which case the Company shall instead pay the full amount of any accrued and unpaid interest to Holders of record as of such Interest Record Date, and the Springing Repurchase Price shall be equal to 100% of the Then Current Principal Amount of Notes to be repurchased pursuant to this Section 15.01.