Common use of Repurchase of Notes upon a Change of Control Clause in Contracts

Repurchase of Notes upon a Change of Control. (a) If a Change of Control occurs, each Holder of Notes shall have the right to require the Company to repurchase all or any part (equal to $2,000 or a higher multiple of $1,000) of that Holder’s Notes pursuant to an Offer to Purchase (the “Change of Control Offer”). In such Change of Control Offer, the Company will offer a payment (such payment, a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest thereon, if any, to the date of purchase.

Appears in 9 contracts

Samples: Supplemental Indenture (SB/RH Holdings, LLC), Indenture (Spectrum Brands, Inc.), Indenture (SB/RH Holdings, LLC)

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Repurchase of Notes upon a Change of Control. (a) If a Change of Control occursshall occur at any time, then each Holder holder of Notes shall have the right to require that the Company to repurchase all such holder's Notes in whole or any in part (equal to $2,000 or a higher multiple in integral multiples of $1,000) of that Holder’s Notes pursuant to an Offer to Purchase 1,000 at a purchase price (the "Change of Control Offer”). In such Change of Control Offer, the Company will offer a payment (such payment, a “Change of Control Payment”Purchase Price") in cash equal to 101100% of the aggregate principal amount of Notes repurchasedsuch Notes, plus accrued and unpaid interest thereon, if any, to the purchase date (the "Change of purchaseControl Purchase Date") pursuant to the offer described in Section 3.5(b) (the "Change of Control Offer") and in accordance with the other procedures set forth in this Indenture.

Appears in 3 contracts

Samples: Indenture (Computer Network Technology Corp), Indenture (Netbank Inc), Indenture (Netbank Inc)

Repurchase of Notes upon a Change of Control. (a) If a Change of Control occurs, each Holder of Notes shall have the right to require the Company to repurchase all or any part (equal to $2,000 or a higher multiple of $1,000) of that Holder’s Notes pursuant to an Offer to Purchase (the “Change of 55 Control Offer”). In such Change of Control Offer, the Company will offer a payment (such payment, a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest thereon, if any, to the date of purchase.

Appears in 1 contract

Samples: Collateral Trust Agreement (Harbinger Group Inc.)

Repurchase of Notes upon a Change of Control. (a) If a Change of Control occurs, each Holder of Notes shall have the right to require the Company to repurchase all or any part (equal to $2,000 €100,000 or a higher multiple of $1,000) of that Holder’s Notes pursuant to an Offer to Purchase (the “Change of Control Offer”). In such Change of Control Offer, the Company will offer a payment (such payment, a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest thereon, if any, to the date of purchase.

Appears in 1 contract

Samples: Indenture (SB/RH Holdings, LLC)

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Repurchase of Notes upon a Change of Control. (a) If Upon the occurrence of a Change of Control occursControl, each Holder of Notes shall will have the right to require that the Company to repurchase all or any part a portion (equal to $2,000 or a higher multiple in integral multiples of $1,000U.S.$1,000) of that such Holder’s Notes pursuant to an Offer to Purchase at a purchase price (the “Change of Control Offer”). In such Change of Control Offer, the Company will offer a payment (such payment, a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchasedthereof, plus any accrued and unpaid interest thereon(including Additional Amounts, if any, ) thereon to the date of purchase.

Appears in 1 contract

Samples: Indenture (Telecom Argentina Sa)

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