Common use of Mandatory Offer to Purchase Notes Clause in Contracts

Mandatory Offer to Purchase Notes. (a) Upon the occurrence of a Change of Control (the date of such occurrence, the "Change of Control Date"), the Lenders shall have the right to require the repurchase of all of the Notes pursuant to an offer to purchase (the "Change of Control Offer") at a purchase price equal to 101.5% of the aggregate principal amount thereof plus accrued interest thereon to the date of repurchase. Prior to the mailing of the notice to the Agent provided for in paragraphs (b) and (c) below but in any event within 30 days following any Change of Control, the Company hereby covenants to (i) repay in full all Indebtedness under the Senior Credit Facility or to offer to repay in full all such Indebtedness and to repay the Indebtedness of each lender under the Senior Credit Facility who has accepted such offer or (ii) obtain the requisite consents under the Senior Credit Facility to permit the payment of the Notes as provided for in paragraph (d) below. The Company shall first comply with the covenant in the preceding sentence before it shall be required to pay the Notes pursuant to this Section 2.5A(iv).

Appears in 1 contract

Samples: Subordinated Credit Agreement (Capstone Pharmacy Services Inc)

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Mandatory Offer to Purchase Notes. (a) Upon the occurrence of a Change of Control (the date of such occurrence, the "Change of Control Date"), the Borrower shall, if the Lenders shall have the right to require the repurchase of all of the Notes pursuant to an so request, offer to purchase (the "Change of Control Offer") all of the Bridge Notes at a purchase price equal to 101.5103.0% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the date of repurchase. Prior to the mailing of the notice to the Agent provided for in paragraphs (b) and (c) below but in any event within 30 days following any Change of Control, the Company Borrower hereby covenants to (i) repay in full all Indebtedness under the Senior Credit Facility or to offer to repay in full all such Indebtedness and to repay the Indebtedness of each lender under the Senior Credit Facility who has accepted such offer or (ii) obtain the requisite consents under the Senior Credit Facility to permit the payment of the Bridge Notes as provided for in paragraph (d) below. The Company shall first comply with the covenant in the preceding sentence before it shall be required to pay the Notes pursuant to this Section 2.5A(iv).

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Galey & Lord Inc)

Mandatory Offer to Purchase Notes. (a) Upon the occurrence of a Change of Control (the date of such occurrence, the "Change of Control Date"), the Company shall, if the Lenders shall have the right to require the repurchase of all of the Notes pursuant to an so request, offer to purchase (the "Change of Control Offer") all of the Notes at a purchase price equal to 101.5% of the aggregate principal amount thereof plus accrued interest thereon to the date of repurchase. Prior to the mailing of the notice to the Agent provided for in paragraphs (b) and (c) below but in any event within 30 days following any Change of Control, the Company hereby covenants to (i) repay in full all Indebtedness under the Senior Credit Facility or to offer to repay in full all such Indebtedness and to repay the Indebtedness of each lender under the Senior Credit Facility who has accepted such offer or (ii) obtain the requisite consents under the Senior Credit Facility to permit the payment of the Notes as provided for in paragraph (d) below. The Company shall first comply with the covenant in the preceding sentence before it shall be required to pay the Notes pursuant to this Section 2.5A(iv).

Appears in 1 contract

Samples: Credit Agreement (T Sf Communications Corp)

Mandatory Offer to Purchase Notes. (a) Upon the occurrence of a Change of Control (the date of such occurrence, the "Change of Control Date"), the Lenders shall have the right to require the repurchase of all of the Notes pursuant to an offer Borrower to purchase (the "Change of Control Offer") all of the Bridge Notes at a purchase price equal to 101.5103% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the date of repurchasepurchase (the "Change of Control Purchase Price"). Prior to the mailing of the notice to the Agent provided for in paragraphs paragraph (b) and (c) below but in any event within 30 days following any Change of Control, the Company Borrower hereby covenants to (i) repay in full all Indebtedness under the Senior Credit Facility or to offer to repay in full all such Indebtedness and to repay the Indebtedness of each lender under the Senior Credit Facility who has accepted such offer or (ii) obtain the requisite consents under the Senior Credit Facility to permit the payment of the Bridge Notes as provided for in paragraph (d) below. The Company shall first comply with the covenant in the preceding sentence before it shall be required to pay the Notes pursuant to this Section 2.5A(iv).

Appears in 1 contract

Samples: Credit Agreement (BGF Industries Inc)

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Mandatory Offer to Purchase Notes. (a) Upon the occurrence of a Change of Control (the date of such occurrence, the "Change of Control Date"), the Lenders shall have the right to require the repurchase of all of the Notes pursuant to an offer Borrowers to purchase (the "Change of Control Offer") all of the Bridge Notes at a purchase price equal to 101.5103% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to the date of repurchasepurchase (the "Change of Control Purchase Price"). Prior to the mailing of the notice to the Agent First Union provided for in paragraphs paragraph (b) and (c) below but in any event within 30 days following any Change of Control, the Company Borrowers hereby covenants covenant to (i) repay in full all Indebtedness under the Senior Credit Facility or to offer to repay in full all such Indebtedness and to repay the Indebtedness of each lender under the Senior Credit Facility who has accepted such offer or (ii) obtain the requisite consents under the Senior Credit Facility to permit the payment of the Bridge Notes as provided for in paragraph (d) below. The Company Borrowers shall first comply with the covenant in the preceding sentence before it shall be required to pay purchase the Bridge Notes pursuant to this Section 2.5A(iv2.4A(iv).

Appears in 1 contract

Samples: Credit Agreement (Advanced Glassfiber Yarus LLC)

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