Common use of Offer to Purchase Upon Change of Control Triggering Event Clause in Contracts

Offer to Purchase Upon Change of Control Triggering Event. (1) In the event that there shall occur a Change of Control Triggering Event, except as otherwise provided in Section 3.03(6) hereof, the Company shall make an offer to each Holder of the Notes (the “Change of Control Offer”) to purchase all or any part of such Holder’s Notes at 101% of the principal amount thereof plus accrued and unpaid interest to the date of purchase (the “Change of Control Purchase Price”) in accordance with the procedures set forth in this Section 3.03.

Appears in 24 contracts

Samples: Supplemental Indenture (Horton D R Inc /De/), Supplemental Indenture (Horton D R Inc /De/), Supplemental Indenture (Horton D R Inc /De/)

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