Change of Control Put. At holder’s option at a redemption price of par plus accrued interest to the redemption date Representations, warranties, covenants and events of default: The representations, warranties, financial covenants and events of default shall be substantially similar to and not materially more adverse to Transwestern than those contained in Transwestern’s Note Purchase Agreement dated May 24, 2007 (the “Existing NPA”). The covenants other than financial covenants (and other covenants that establish limitations based on meeting certain financial ratios or percentages of financial amounts (such as consolidated tangible net worth) shall not in the aggregate be materially more adverse to Transwestern than those contained in the Existing NPA. 1 Potentially include registration rights based on determination of impact on pricing. Ranking: Pari Passu with all existing and future unsecured senior debt Security Type: Unsecured Distribution: 144A and Reg S (with registration rights)
Appears in 2 contracts
Sources: Contribution Agreement (Energy Transfer Partners, L.P.), Contribution Agreement (Energy Transfer Equity, L.P.)
Change of Control Put. At holder’s option at a redemption price of par plus accrued interest to the redemption date Representations, warranties, covenants and events of default: The representations, warranties, financial covenants and events of default shall be substantially similar to and not materially more adverse to Transwestern than those contained in Transwestern’s Note Purchase Agreement dated May 24, 2007 (the “Existing NPA”). The covenants other than financial covenants (and other covenants that establish limitations based on meeting certain financial ratios or percentages of financial amounts (such as consolidated tangible net worth) shall not in the aggregate be materially more adverse to Transwestern than those contained in the Existing NPA. _________________________ 1 Potentially include registration rights based on determination of impact on pricing. Ranking: Pari Passu with all existing and future unsecured senior debt Security Type: Unsecured Distribution: 144A and Reg S (with registration rights)
Appears in 1 contract