Common use of Repurchase Upon a Change of Control Clause in Contracts

Repurchase Upon a Change of Control. Upon the occurrence of a Change of Control Triggering Event, the Holders of the Securities will have the right to require that the Company purchase such Holder’s outstanding Securities, in whole or in part, at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of purchase.

Appears in 14 contracts

Samples: Indenture (Navient Corp), Indenture (Navient Corp), Indenture (Navient Corp)

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Repurchase Upon a Change of Control. Upon the occurrence of a Change of Control Triggering Event, the Holders of the Securities will have the right to require that the Company purchase such Holder’s outstanding Securities, in whole or in part, at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of purchase.. Table of Contents

Appears in 1 contract

Samples: Tenth Supplemental Indenture (Navient Corp)

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