Common use of Right to Require Repurchase Clause in Contracts

Right to Require Repurchase. In the event that a Repurchase Event (as hereinafter defined) shall occur, then each holder shall have the right, at the holder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holder's Notes, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 (provided that no single Note -80- 81 may be repurchased in part unless the portion of the principal amount of such Note to be outstanding after such repurchase is equal to U.S.$1,000 or integral multiples of U.S.$1,000), on the date (the "Repurchase Date") that is 30 days after the date of the Company Notice (as defined in Section 16.2) for cash at a purchase price equal to 100% of the principal amount plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided that if the Repurchase Date is January 1 or July 1, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 or June 15, respectively. Whenever in this Indenture there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture shall not be construed as excluding the Repurchase Price in those provisions of this Indenture when such express mention is not made.

Appears in 2 contracts

Samples: Indenture (Telxon Corp), Indenture (Telxon Corp)

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Right to Require Repurchase. In the event that a Repurchase Event (as hereinafter defined) shall occur, then each holder Holder shall have the right, at the holderHolder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holderHolder's Notes, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 $1,000 (provided that no single Note -80- 81 may be repurchased in part unless the portion of the principal amount of such Note to be outstanding Outstanding after such repurchase is equal to U.S.$1,000 $1,000 or an integral multiples multiple of U.S.$1,000$1,000), on the date (the "Repurchase Date") that is 30 60 days after the date of the Company Notice (as defined in Section 16.212.5) for cash at a purchase price equal to 100101% of the aggregate principal amount of such Notes in the event that the Repurchase Event is the event specified in clause (i) of the definition such term and 112% of the aggregate principal amount of such Notes in the event that the Repurchase Event is an event specified in clause (ii) or clause (iii) of the definition of such term (the "Repurchase Price"), plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided that if the Repurchase Date is January 1 or July 1, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 or June 15, respectivelyDate. Whenever in this Indenture Note there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture shall not be construed as excluding the Repurchase Price in those provisions of this Indenture when such express mention is not made.Note

Appears in 2 contracts

Samples: Altiva Financial Corp, Altiva Financial Corp

Right to Require Repurchase. In the event that a Repurchase Event Change in Control (as hereinafter defined) shall occur, then each holder shall have the right, at the holder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holder's NotesSecurities, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 $1,000 (provided that no single Note -80- 81 Security may be repurchased in part unless the portion of the principal amount of such Note Security to be outstanding after such repurchase is equal to U.S.$1,000 $1,000 or an integral multiples multiple of U.S.$1,000$1,000), on the date (the "Repurchase Date") that is 30 days after the date of the Company Notice (as defined in Section 16.2) for cash at a purchase price equal to 100% of the principal amount (the "Repurchase Price") plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided that if the Repurchase Date is January 1 or July 1, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 or June 15, respectivelyDate. Whenever in this Indenture there is a reference, in any context, to the principal of any Note Security as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note Security to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture shall not be construed as excluding the Repurchase Price in those provisions of this Indenture when such express mention is not made.

Appears in 1 contract

Samples: System Software (System Software Associates Inc)

Right to Require Repurchase. In the event that a Repurchase Event (as hereinafter defined) shall occur, then each holder Holder shall have the right, at the holderHolder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holderHolder's Notes, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 $1,000 (provided that no single Note -80- 81 may be repurchased in part unless the portion of the principal amount of such Note to be outstanding after such repurchase is equal to U.S.$1,000 $1,000 or an integral multiples multiple of U.S.$1,000$1,000), on the date (the "Repurchase Date") that is 30 60 days after the date of the Company Notice (as defined in Section 16.28.2) for cash at a purchase price equal to 100101% of the aggregate principal amount of such Notes in the event that the Repurchase Event is a Change in Control (as hereinafter defined) and 112% of the aggregate principal amount of such Notes in the event that the Repurchase Event is the failure to obtain the Stockholder Approval on or before February 28, 2000 (the "Repurchase Price"), plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided that if the Repurchase Date is January 1 or July 1, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 or June 15, respectivelyDate. Whenever in this Indenture Note there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture Note shall not be construed as excluding the Repurchase Price in those provisions of this Indenture Note when such express mention is not made.

Appears in 1 contract

Samples: Subordination Agreement (Value Partners LTD /Tx/)

Right to Require Repurchase. In the event that a Repurchase Event (as hereinafter defined) shall occur, then each holder shall have the right, at the holder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holder's Notes, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 U.S. $1,000 (provided that no single Note -80- 81 may be repurchased in part unless the portion of the principal amount of such Note to be outstanding after such repurchase is equal to U.S.$1,000 U.S. $1,000 or integral multiples of U.S.$1,000U.S. $1,000), on the date (the "Repurchase Date") that is 30 days after the date of the Company Notice (as defined in Section 16.2) for cash at a purchase price equal to 100% of the principal amount plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided PROVIDED that if the Repurchase Date date is January 1 March 15 or July 1September 15, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 March 1 or June 15September 1, respectively. Whenever in this Indenture there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture shall not be construed as excluding the Repurchase Price in those provisions of this Indenture when such express mention is not made.

Appears in 1 contract

Samples: Iomega Corp

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Right to Require Repurchase. In the event that a Repurchase Event (as hereinafter defined) shall occur, then each holder shall have the right, at the holder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holder's Notes, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 U.S. $1,000 (provided that no single Note -80- 81 may be repurchased in part unless the portion of the principal amount of such Note to be outstanding after such repurchase is equal to U.S.$1,000 U.S. $1,000 or integral multiples of U.S.$1,000U.S. $1,000), on the date (the "Repurchase Date") that is 30 days after the date of the Company Notice (as defined in Section 16.2) for cash at a purchase price equal to 100% of the principal amount plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided PROVIDED that if the Repurchase Date is January 1 March 15 or July 1September 15, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 March 1 or June 15September 1, respectively. Whenever in this Indenture there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture shall not be construed as excluding the Repurchase Price in those provisions of this Indenture when such express mention is not made.

Appears in 1 contract

Samples: Iomega Corp

Right to Require Repurchase. In the event that a Repurchase Event (as hereinafter defined) shall occur, then each holder Holder shall have the right, at the holderHolder's option, to require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holderHolder's Notes, or any portion of the principal amount thereof that is an integral multiple of U.S.$1,000 $1,000 (provided that no single Note -80- 81 may be repurchased in part unless the portion of the principal amount of such Note to be outstanding Outstanding after such repurchase is equal to U.S.$1,000 $1,000 or an integral multiples multiple of U.S.$1,000$1,000), on the date (the "Repurchase Date") that is 30 60 days after the date of the Company Notice (as defined in Section 16.28.2) for cash at a purchase price equal to 100101% of the aggregate principal amount of such Notes in the event that the Repurchase Event is the event specified in clause (i) of the definition such term and 112% of the aggregate principal amount of such Notes in the event that the Repurchase Event is an event specified in clause (ii) or clause (iii) of the definition of such term (the "Repurchase Price"), plus interest accrued and unpaid interest to, but excluding, the Repurchase Date (the "Repurchase Price"); provided that if the Repurchase Date is January 1 or July 1, then the interest payable on such date shall be paid to the holder of record of the Note on the next preceding December 15 or June 15, respectivelyDate. Whenever in this Indenture Note there is a reference, in any context, to the principal of any Note as of any time, such reference shall be deemed to include reference to the Repurchase Price payable in respect of such Note to the extent that such Repurchase Price is, was or would be so payable at such time, and express mention of the Repurchase Price in any provision of this Indenture Note shall not be construed as excluding the Repurchase Price in those provisions of this Indenture Note when such express mention is not made.

Appears in 1 contract

Samples: Altiva Financial Corp

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