Common use of Repurchase of Securities at Option of the Holder upon a Fundamental Change Clause in Contracts

Repurchase of Securities at Option of the Holder upon a Fundamental Change. (a) If a Fundamental Change occurs prior to the Final Maturity Date, each Holder of a Security shall have the right, at the option of the Holder, to require the Company to repurchase for cash all or any portion of the Securities of such Holder equal to $1,000 principal amount (or an integral multiple thereof) at the Fundamental Change Repurchase Price, on the date specified by the Company that is 45 days after the date of the Fundamental Change Company Notice pursuant to subsection 3.08(b) (the “Fundamental Change Repurchase Date”).

Appears in 2 contracts

Samples: Indenture (Vertex Pharmaceuticals Inc / Ma), Indenture (Vertex Pharmaceuticals Inc / Ma)

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Repurchase of Securities at Option of the Holder upon a Fundamental Change. (a) If a Fundamental Change occurs prior to the Final Maturity Date, each Holder of a Security shall have the right, at the option of the Holder, to require the Company to repurchase for cash all or any portion of the Securities of such Holder equal to $1,000 principal amount (or an integral multiple thereof) at the Fundamental Change Repurchase Price, on the date specified by the Company that is 45 days after the date of the Fundamental Change Company Notice pursuant to subsection 3.08(bSection 3.07(b) (the “Fundamental Change Repurchase Date”).

Appears in 1 contract

Samples: Supplemental Indenture (Vertex Pharmaceuticals Inc / Ma)

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Repurchase of Securities at Option of the Holder upon a Fundamental Change. (a) If a Fundamental Change occurs prior to the Final Maturity Date, each Holder of a Security shall have the right, at the option of the Holder, to require the Company to repurchase for cash all or any portion of the Securities of such Holder equal to $1,000 principal amount (or an integral multiple thereof) at the Fundamental Change Repurchase Purchase Price, on the date specified by the Company that is 45 not less than 20 days and not more than 35 days after the date of the Fundamental Change Company Notice pursuant to subsection 3.08(b3.02(b) (the “Fundamental Change Repurchase Purchase Date”).

Appears in 1 contract

Samples: Indenture (Mannkind Corp)

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