Common use of Mandatory Repurchase Clause in Contracts

Mandatory Repurchase. Subject to the provisions of Section 4.18 of the Indenture, the Company is required to apply the Net Cash Proceeds from certain Asset Sales to the mandatory purchase of the Senior Subordinated Note, at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase.

Mandatory Repurchase. Subject to the provisions of Section 4.18 of the Indenture, the Company is required to apply the Net Cash Proceeds from certain Asset Sales to the mandatory purchase of the Senior Subordinated Note, at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase.