Common use of Terms of Change of Control Offer Clause in Contracts

Terms of Change of Control Offer. The Company, in each Change of Control Offer, will offer a cash payment (a “Change of Control Payment”) equal to 101% of the aggregate principal amount of 2028 Guaranteed Notes repurchased, plus accrued and unpaid interest on the 2028 Guaranteed Notes, if any, to, but excluding, the date of repurchase. Within 30 days following any Change of Control Triggering Event, if the Company had not, prior to the Change of Control Triggering Event, sent a redemption notice for all the 2028 Guaranteed Notes in connection with an optional redemption permitted by Section 7.01 of this Supplemental Indenture and Article XI of the Indenture, the Company will deliver or cause to be delivered a notice to each registered Holder briefly describing the event or events that constitute a Change of Control Triggering Event and offering to repurchase 2028 Guaranteed Notes on the date specified in such notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date the notice is delivered, pursuant to the procedures required by the Indenture (as modified by this Supplemental Indenture) and described in such notice.

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

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Terms of Change of Control Offer. The Company, in each Change of Control Offer, will offer a cash payment (a “Change of Control Payment”) equal to 101% of the aggregate principal amount of 2028 Guaranteed 2025 Notes repurchased, plus accrued and unpaid interest on the 2028 Guaranteed 2025 Notes, if anyin each case, to, up to but excluding, excluding the date of repurchase. Within 30 days following any Change of Control Triggering Event, if the Company had not, prior to the Change of Control Triggering Event, sent a redemption notice for all the 2028 Guaranteed 2025 Notes in connection with an optional redemption permitted by Section 7.01 of this Supplemental Indenture and Article XI of the Indenture, the Company will deliver or cause to be delivered a notice to each registered Holder briefly describing the event or events that constitute a Change of Control Triggering Event and offering to repurchase 2028 Guaranteed 2025 Notes on the date specified in such notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date the notice is deliveredmailed, pursuant to the procedures required by the Indenture (as modified by this Supplemental Indenture) and described in such notice.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (SPRINT Corp)

Terms of Change of Control Offer. The Company, in each Change of Control Offer, will offer a cash payment (a “Change of Control Payment”) equal to 101% of the aggregate principal amount of 2028 Guaranteed 2026 Notes repurchased, plus accrued and unpaid interest on the 2028 Guaranteed 2026 Notes, if any, in each case, to, but excluding, the date of repurchase. Within 30 days following any Change of Control Triggering Event, if the Company had not, prior to the Change of Control Triggering Event, sent a redemption notice for all the 2028 Guaranteed 2026 Notes in connection with an optional redemption permitted by Section 7.01 of this Supplemental Indenture and Article XI of the Indenture, the Company will deliver or cause to be delivered a notice to each registered Holder briefly describing the event or events that constitute a Change of Control Triggering Event and offering to repurchase 2028 Guaranteed 2026 Notes on the date specified in such notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date the notice is deliveredmailed, pursuant to the procedures required by the Indenture (as modified by this Supplemental Indenture) and described in such notice.

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

Terms of Change of Control Offer. The Company, in each Change of Control Offer, will offer a cash payment (a “Change of Control Payment”) equal to 101% of the aggregate principal amount of 2028 Guaranteed 2024 Notes repurchased, plus accrued and unpaid interest and Additional Interest (if any) on the 2028 Guaranteed 2024 Notes, if anyin each case, to, up to but excluding, excluding the date of repurchase. Within 30 days following any Change of Control Triggering Event, if the Company had not, prior to the Change of Control Triggering Event, sent a redemption notice for all the 2028 Guaranteed 2024 Notes in connection with an optional redemption permitted by Section 7.01 of this Supplemental Indenture and Article XI of the Indenture, the Company will deliver or cause to be delivered a notice to each registered Holder briefly describing the event or events that constitute a Change of Control Triggering Event and offering to repurchase 2028 Guaranteed 2024 Notes on the date specified in such notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date the notice is deliveredmailed, pursuant to the procedures required by the Indenture (as modified by this Supplemental Indenture) and described in such notice.

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

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Terms of Change of Control Offer. The Company, in each Change of Control Offer, will offer a cash payment (a “Change of Control Payment”) equal to 101% of the aggregate principal amount of 2028 Guaranteed 2021 Notes repurchased, plus accrued and unpaid interest and Additional Interest (if any) on the 2028 Guaranteed 2021 Notes, if anyin each case, to, up to but excluding, excluding the date of repurchase. Within 30 days following any Change of Control Triggering Event, if the Company had not, prior to the Change of Control Triggering Event, sent a redemption notice for all the 2028 Guaranteed 2021 Notes in connection with an optional redemption permitted by Section 7.01 of this Supplemental Indenture and Article XI of the Indenture, the Company will deliver or cause to be delivered a notice to each registered Holder briefly describing the event or events that constitute a Change of Control Triggering Event and offering to repurchase 2028 Guaranteed 2021 Notes on the date specified in such notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date the notice is deliveredmailed, pursuant to the procedures required by the Indenture (as modified by this Supplemental Indenture) and described in such notice.

Appears in 1 contract

Samples: First Supplemental Indenture (SPRINT Corp)

Terms of Change of Control Offer. The Company, in each Change of Control Offer, will offer a cash payment (a “Change of Control Payment”) equal to 101% of the aggregate principal amount of 2028 Guaranteed 2023 Notes repurchased, plus accrued and unpaid interest and Additional Interest (if any) on the 2028 Guaranteed 2023 Notes, if anyin each case, to, up to but excluding, excluding the date of repurchase. Within 30 days following any Change of Control Triggering Event, if the Company had not, prior to the Change of Control Triggering Event, sent a redemption notice for all the 2028 Guaranteed 2023 Notes in connection with an optional redemption permitted by Section 7.01 of this Supplemental Indenture and Article XI of the Indenture, the Company will deliver or cause to be delivered a notice to each registered Holder briefly describing the event or events that constitute a Change of Control Triggering Event and offering to repurchase 2028 Guaranteed 2023 Notes on the date specified in such notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date the notice is deliveredmailed, pursuant to the procedures required by the Indenture (as modified by this Supplemental Indenture) and described in such notice.

Appears in 1 contract

Samples: Indenture (SPRINT Corp)

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