Common use of Repurchase at the Option of Holders Upon a Change of Control Clause in Contracts

Repurchase at the Option of Holders Upon a Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder's Notes pursuant to the offer described below (the "CHANGE OF CONTROL OFFER") at a purchase price, in cash (the "CHANGE OF CONTROL PURCHASE PRICE"), equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest and Special Interest, if any, on the Notes repurchased, to the purchase date (subject to the right of Holders on the relevant record date to receive interest to, but excluding, the Change of Control Payment Date (as defined below)). Within 90 days following any Change of Control, unless the Company has mailed a redemption notice with respect to all of the outstanding Notes in accordance with Section 3.07, the Company shall:

Appears in 2 contracts

Samples: S&c Resale Co, S&c Resale Co

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Repurchase at the Option of Holders Upon a Change of Control. (a) Upon the occurrence of a Change of Control, each Holder shall have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000) of such Holder's Notes pursuant to the offer described below (the "CHANGE OF CONTROL OFFER") at a purchase price, in cash price (the "CHANGE OF CONTROL PURCHASE PRICE"), ) equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest and Special Interest, Additional Interest if any, on the Notes repurchased, to the purchase date (subject to the right of Holders on the relevant record date to receive interest to, but excluding, due on the Change of Control relevant Interest Payment Date (as defined below)Date). Within 90 Subject to clause (c) below, within 30 days following any Change of Control, unless the Company has mailed shall mail a redemption notice with respect to all of the outstanding Notes in accordance with Section 3.07, the Company shallTrustee and each Holder:

Appears in 2 contracts

Samples: Gallipolis Care LLC, Villa Pines Care LLC

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