Common use of Put Provisions Clause in Contracts

Put Provisions. The occurrence of any Change of Control will constitute an Event of Default under the Indenture unless the Issuers (i)(A) make an offer within 30 days following such Change of Control to all holders of the Notes to purchase all the Notes properly tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of repurchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); and (B) purchase all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise their right, within 30 days following such Change of Control, to redeem all the Notes as described under Paragraph 5 of this Note.

Appears in 5 contracts

Samples: Supplemental Indenture (Momentive Specialty Chemicals Inc.), Indenture (Hexion Specialty Chemicals, Inc.), Indenture (Borden Chemical Inc)

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Put Provisions. The Except as set forth in the Indenture, the occurrence of any Change of Control will shall constitute an Event of Default under the Indenture unless the Issuers Issuer (i)(A) make makes an offer within 30 days following such Change of Control to all holders of the Notes to purchase all the Notes properly tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of repurchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); and (B) purchase all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise their exercises its right, within 30 days following such Change of Control, to redeem all the Notes as described under Paragraph 5 of this Note.

Appears in 4 contracts

Samples: Indenture (Affinion Group, Inc.), Indenture (Affinion Loyalty Group, Inc.), Indenture (Affinion Loyalty Group, Inc.)

Put Provisions. The occurrence of any Change of Control will constitute an Event of Default under the Indenture unless the Issuers Issuer (i)(A) make makes an offer within 30 days following such Change of Control to all holders of the Notes to purchase all the Notes properly tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof, plus accrued and unpaid interest (if any) and additional interest, if any, to the date of repurchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); and (B) purchase purchases all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise their exercises its right, within 30 days following such Change of Control, to redeem all the Notes as described under Paragraph paragraph 5 of this Note.

Appears in 3 contracts

Samples: Indenture (Hexion Inc.), Indenture (Momentive Specialty Chemicals Inc.), Supplemental Indenture (Momentive Specialty Chemicals Inc.)

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Put Provisions. The occurrence of any Change of Control will constitute an Event of Default under the Indenture unless the Issuers (i)(A) make an offer within 30 days following such Change of Control to all holders of the Notes to purchase all the Notes properly tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof, plus accrued and unpaid interest (if any) and additional interest, if any, to the date of repurchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); and (B) purchase all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise their right, within 30 days following such Change of Control, to redeem all the Notes as described under Paragraph paragraph 5 of this Note.

Appears in 1 contract

Samples: Indenture (Momentive Specialty Chemicals Inc.)

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