Common use of Fundamental Change Put Clause in Contracts

Fundamental Change Put. (a) In the event that a Fundamental Change shall occur, each Holder shall have the right, at the Holder's option, but subject to the provisions of Section 1401 hereof, 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 at Issuance thereof that is equal to $1,000 or an integral multiple thereof, as directed by such Holder pursuant to Section 1401, on the date (the "Fundamental Change Repurchase Date") that is a Business Day no later than 35 Business Days after the date of notice pursuant to Section 1401(b) of the occurrence of a Fundamental Change (subject to extension to comply with applicable law). The Company shall be required to purchase such Securities at a purchase price in cash equal to 100% of the Principal Amount at Issuance plus Principal Accretion and any accrued and unpaid cash interest (including Contingent Interest and Additional Amounts) to, but excluding, the Fundamental Change Repurchase Date (the "Fundamental Change Repurchase Price"); provided, however, that installments of interest (including Contingent Interest and Additional Amounts) on Securities whose Maturity is prior to or on the Fundamental Change Repurchase Date shall be payable to the Holders of such Securities, registered as such on the relevant Regular Record Date.

Appears in 1 contract

Samples: Indenture (Jakks Pacific Inc)

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Fundamental Change Put. (a) In the event that a Fundamental Change shall occur, each Holder shall have the right, at the Holder's option, but subject to the provisions of this Section 1401 hereof, 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 at Issuance thereof that is equal to $1,000 or an integral multiple thereof, as directed by such Holder pursuant to this Section 1401, on the date (the "Fundamental Change Repurchase Date") that is a Business Day no later than 35 Business Days after the date of notice pursuant to Section 1401(b) of the occurrence of a Fundamental Change (subject to extension to comply with applicable law). The Company shall be required to purchase such Securities at a purchase price in cash equal to 100% of the Accreted Principal Amount at Issuance plus Principal Accretion Price and any accrued and unpaid cash interest (including Contingent Cash Interest and Additional AmountsInterest) to, but excluding, the Fundamental Change Repurchase Date (the "Fundamental Change Repurchase Price")Date; provided, however, that installments of interest (including Contingent Cash Interest and Additional AmountsInterest) on Securities whose Maturity which interest is payable prior to or on the Fundamental Change Repurchase Date shall be payable to the Holders of such Securities, registered as such on the relevant Regular Record Date.

Appears in 1 contract

Samples: WCHS Licensee LLC

Fundamental Change Put. (a) In the event that a Fundamental Change shall occuroccur at any time prior to the Stated Maturity, each Holder shall have the right, at the Holder's option, but subject to the provisions of this Section 1401 hereof5.1, to require the Company to repurchasepurchase, and upon the exercise of such right, the Company shall repurchasepurchase, all of such Holder's Securities Notes not theretofore called for redemption, or any portion of the Principal Amount at Issuance principal amount thereof that is equal to $1,000 or an integral multiple thereof, as directed by such Holder pursuant to this Section 14015.1, on the date designated by the Company (the "Fundamental Change Repurchase DateFUNDAMENTAL CHANGE PURCHASE DATE") that is a Business Day no later than 35 Business Days after the date of notice pursuant to Section 1401(b5.1(b) of the occurrence of a Fundamental Change (subject to extension to comply with applicable law). The Company shall be required to purchase such Securities Notes at a purchase price in cash equal to 100% of the Principal Amount at Issuance principal amount plus Principal Accretion and any accrued and unpaid cash interest (including Contingent Interest interest, Additional Amounts and Additional Amounts) Interest, if any, to, but excluding, the Fundamental Change Repurchase Purchase Date (the "Fundamental Change Repurchase FUNDAMENTAL CHANGE PURCHASE Price"); provided. In the event that a Fundamental Change Purchase Date is a date that is after any Regular Record Date but on or before the corresponding Interest Payment Date, howeverthe Company shall be required to pay accrued and unpaid interest, that installments of interest (including Contingent Interest Additional Amounts and Additional Amounts) on Securities whose Maturity is prior Interest, if any, to or the Holder of the repurchased Note and not the Holder on the Fundamental Change Repurchase Date shall be payable to the Holders of such Securities, registered as such on the relevant Regular Record Date.

Appears in 1 contract

Samples: Willbros Group Inc

Fundamental Change Put. (a) In the event that a Fundamental Change shall occuroccur at any time prior to the Stated Maturity, each Holder shall have the right, at the Holder's option, but subject to the provisions of this Section 1401 hereof5.1, to require the Company to repurchasepurchase, and upon the exercise of such right, the Company shall repurchasepurchase, all of such Holder's Securities Notes not theretofore called for redemption, or any portion of the Principal Amount at Issuance principal amount thereof that is equal to $1,000 or an integral multiple thereof, as directed by such Holder pursuant to this Section 14015.1, on the date designated by the Company (the "Fundamental Change Repurchase DateFUNDAMENTAL CHANGE PURCHASE DATE") that is a Business Day no later than 35 Business Days after the date of notice pursuant to Section 1401(b5.1(b) of the occurrence of a Fundamental Change (subject to extension to comply with applicable law). The Company shall be required to purchase such Securities Notes at a purchase price in cash equal to 100% of the Principal Amount at Issuance principal amount plus Principal Accretion and any accrued and unpaid cash interest (including Contingent Interest and Additional AmountsInterest, if any) to, but excluding, the Fundamental Change Repurchase Purchase Date (the "FUNDAMENTAL CHANGE PURCHASE PRICE"). In the event that a Fundamental Change Repurchase Price"); providedPurchase Date is a date that is after any Regular Record Date but on or before the corresponding Interest Payment Date, however, that installments of the Company shall be required to pay accrued and unpaid interest (including Contingent Interest and Additional AmountsInterest, if any) on Securities whose Maturity is prior to or the holder of the repurchased Note and not the Holder on the Fundamental Change Repurchase Date shall be payable to the Holders of such Securities, registered as such on the relevant Regular Record Date.

Appears in 1 contract

Samples: Synaptics Incorporated (Synaptics Inc)

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Fundamental Change Put. (a) In the event that a Fundamental Change shall occuroccur at any time prior to the Maturity Date, each Holder holder shall have the right, at the Holder's holder’s option, but subject to the provisions of this Section 1401 hereof14.01, to require the Company to repurchasepurchase, and upon the exercise of such right, the Company shall repurchasepurchase, all of such Holder's Securities not theretofore called for redemptionholder’s Notes, or any portion of the Principal Amount at Issuance principal amount thereof that is equal to $1,000 or an integral multiple thereof, as directed by such Holder holder pursuant to this Section 140114.01, on the date designated by the Company (the "Fundamental Change Repurchase Purchase Date") that is a Business Day no later than 35 Business Days after the date of notice pursuant to Section 1401(b14.01(b) of the occurrence of a Fundamental Change (subject to extension to comply with applicable law). The Company shall be required to purchase such Securities Notes at a purchase price in cash equal to 100% of the Principal Amount at Issuance principal amount plus Principal Accretion and any accrued and unpaid cash interest (including Contingent Interest and Additional Amounts) Interest, if any, to, but excluding, the Fundamental Change Repurchase Purchase Date (the "Fundamental Change Repurchase Purchase Price"); provided. In the event that a Fundamental Change Purchase Date is a date that is after any Record Date and on or before the corresponding Interest Payment Date, however, that installments of the Company shall be required to pay accrued and unpaid interest (including Contingent Interest and Additional Amounts) Interest, if any, to the holder of the repurchased Notes at the close of business on Securities whose Maturity is prior to or the corresponding Record Date if different from the holder on the Record Date, in which case the Fundamental Change Repurchase Date Purchase Price shall be payable to 100% of the Holders principal amount of such Securities, registered as such on the relevant Regular Record Daterepurchased Notes.

Appears in 1 contract

Samples: Network Equipment Technologies Inc

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