Fundamental Change Purchase Right Clause Samples

Fundamental Change Purchase Right. 25 Section 3.01 Fundamental Change Permits Holders to Require Company to Purchase Notes .........................................................................................................25 Section 3.02 Fundamental Change Purchase Right Notice ...........................................26 Section 3.03 Fundamental Change Purchase Notice .....................................................27 Section 3.04 Effect of Fundamental Change Purchase Notice ......................................28 Section 3.05 Deposit of Fundamental Change Purchase Price ......................................29 Section 3.06 Notes Purchased in Part ............................................................................29 Section 3.07 Covenant to Comply with Securities Laws Upon Purchase of the Notes .........................................................................................................29 Section 3.08 Repayment to the Company ......................................................................29 Section 3.09 Covenant Not to Purchase Notes Upon Certain Events of Default ..........30 ▇▇▇-▇▇▇▇-▇▇▇▇/7/AMERICAS ARTICLE 4 OPTIONAL REDEMPTION ................................................................................30 Section 4.01 No Optional Redemption ..........................................................................30 ARTICLE 5 COVENANTS ......................................................................................................30 Section 5.01 Payment of the Notes ................................................................................30 Section 5.02 SEC and Other Reports .............................................................................31 Section 5.03 Compliance Certificate .............................................................................31 Section 5.04 Further Instruments and Acts ....................................................................31 Section 5.05 Provisions as to Paying Agent ..................................................................31 Section 5.06 Delivery of Certain Information ...............................................................33 Section 5.07 Waiver of Certain Covenants ....................................................................33 ARTICLE 6 CONSOLIDATION, MERGER AND SALE OF ASSETS .................................33 Section 6.01 Company May Consolidate, Merge or Sell Its Assets on Certain Terms ...............................................................
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Fundamental Change Purchase Right. 31 Section 3.01. Fundamental Change Permits Holders to Require Company to Purchase Notes 31 Section 3.02. Fundamental Change Purchase Right Notice 32 Section 3.03. Fundamental Change Purchase Notice 33 Section 3.04. Effect of Fundamental Change Purchase Notice 34 Section 3.05. Deposit of Fundamental Change Purchase Price 34 Section 3.06. Notes Purchased in Part 35 Section 3.07. Covenant to Comply with Securities Laws Upon Purchase of the Notes 35 Section 3.08. Repayment to the Company 35 Section 3.09. Covenant Not to Purchase Notes Upon Certain Events of Default 35 ARTICLE 4 OPTIONAL REDEMPTION 36 Section 4.01. No Optional Redemption 36 ARTICLE 5 COVENANTS 36 Section 5.01. Payment of the Notes 36 Section 5.02. SEC and Other Reports 37 Section 5.03. Compliance Certificate 38 Section 5.04. Further Instruments and Acts 38 Section 5.05. Provisions as to Paying Agent 38 Section 5.06. Delivery of Certain Information 39 Section 5.07. Waiver of Certain Covenants 40 Section 5.08. [Reserved] 40
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Fundamental Change Purchase Right. Section 3.01 Fundamental Change Permits Holders to Require Company to Purchase Notes 23 Section 3.02 Fundamental Change Purchase Right Notice 24 Section 3.03 Fundamental Change Purchase Notice 25 Section 3.04 Effect of Fundamental Change Purchase Notice 26 Section 3.05 Deposit of Fundamental Change Purchase Price 26 Section 3.06 Notes Purchased in Part 27 Section 3.07 Covenant to Comply with Securities Laws Upon Purchase of Notes 27 Section 3.08 Repayment to the Company 27 Section 3.09 Covenant Not to Purchase Notes Upon Certain Events of Default 27
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Fundamental Change Purchase Right 
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Related to Fundamental Change Purchase Right

  • Fundamental Change Repurchase Price The Fundamental Change Repurchase Price for any Note to be repurchased upon a Repurchase Upon Fundamental Change following a Fundamental Change is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Fundamental Change Repurchase Date for such Fundamental Change; provided, however, that if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Repurchase Upon Fundamental Change, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Fundamental Change Repurchase Date is before such Interest Payment Date); and (ii) the Fundamental Change Repurchase Price will not include accrued and unpaid interest on such Note to, but excluding, such Fundamental Change Repurchase Date. For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Fundamental Change Repurchase Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) the Fundamental Change Repurchase Price will include interest on Notes to be repurchased from, and including, such Interest Payment Date.

  • Fundamental Change Repurchase Date The Fundamental Change Repurchase Date for any Fundamental Change will be a Business Day of the Company’s choosing that is no more than thirty five (35), nor less than twenty (20), Business Days after the date the Company sends the related Fundamental Change Notice pursuant to Section 4.02(E).

  • Fundamental Change (a) In the event that the Company is a party to any transaction (including, without limitation, a merger other than a merger that does not result in a reclassification, conversion, exchange or cancellation of Company Common Stock), consolidation, sale of all or substantially all of the assets of the Company, recapitalization or reclassification of Company Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value or as a result of a subdivision or combination of Company Common Stock) or any compulsory share exchange (each of the foregoing being referred to as a "Transaction"), in each case, as a result of which shares of Company Common Stock shall be converted into the right to receive, or shall be exchanged for, (i) in the case of any Transaction other than a Transaction involving a Common Stock Fundamental Change (and subject to funds being legally available for such purpose under applicable law and the time of such conversion), securities, cash or other property, each Debenture shall thereafter be convertible into the kind and, in the case of a Transaction which does not involve a Fundamental Change, amount of securities, cash and other property receivable upon the consummation of such Transaction by a holder of that number of shares of Company Common Stock into which a Debenture was convertible immediately prior to such Transaction, or (ii) in the case of a Transaction involving a Common Stock Fundamental Change, common stock, each Debenture shall thereafter be convertible (in the manner described herein) into common stock of the kind received by holders of Company Common Stock (but in each case after giving effect to any adjustment discussed in paragraphs (b) and (c) relating to a Fundamental Change if such Transaction constitutes a Fundamental Change). The holders of Debentures or Preferred Securities will have no voting rights with respect to any Transaction. (b) If any Fundamental Change occurs, then the Conversion Price in effect will be adjusted immediately after such Fundamental Change as described in paragraph (c) below. In addition, in the event of a Common Stock Fundamental Change, each Debenture shall be convertible solely into common stock of the kind received by holders of Company Common Stock as a result of such Common Stock Fundamental Change. (c) The Conversion Price in the case of any Transaction involving a Fundamental Change will be adjusted immediately after such Fundamental Change: (i) in the case of a Non-Stock Fundamental Change, the Conversion Price of the Debentures will thereupon become the lower of (A) the Conversion Price in effect immediately prior to such Non-Stock Fundamental Change, but after giving effect to any other prior adjustments effected pursuant to the preceding paragraphs, and (B) the result obtained by multiplying the greater of the Applicable Price or the then applicable Reference Market Price by a fraction of which the numerator will be $___ and the denominator will be (x) the amount of the Redemption Price for one Debenture if the Redemption Date were the date of such Non-Stock Fundamental Change (or, for the period commencing on the first date of original issuance of the Debentures and through December 1, 2000, and the twelve-month periods commencing December 1, 2001, December 1, 2002 and December 1, 2003, the product of 10_.___%, 10_.___%, 10_.___% and 10_.___%, respectively, multiplied by $__) plus (y) any then-accrued and unpaid interest on one Debenture; and (ii) in the case of a Common Stock Fundamental Change, the Conversion Price of the Debentures in effect immediately prior to such Common Stock Fundamental Change, but after giving effect to any other prior adjustments effected pursuant to the preceding paragraphs, will thereupon be adjusted by multiplying such Conversion Price by a fraction of which the numerator will be the Purchaser Stock Price and the denominator will be the Applicable Price; provided, however, that in the event of a Common Stock Fundamental Change in which (A) 100% of the value of the consideration received by a holder of common stock is common stock of the successor, acquiror, or other third party (and cash, if any, is paid only with respect to any fractional interests in such common stock resulting from such Common Stock Fundamental Change) and (B) all of common stock will have been exchanged for, converted into, or acquired for common stock (and cash with respect to fractional interests) of the successor, acquiror, or other third party, the Conversion Price of the Debentures in effect immediately prior to such Common Stock Fundamental Change will thereupon be adjusted by multiplying such Conversion Price by a fraction of which the numerator will be one and the denominator will be the number of shares of common stock of the successor, acquiror, or other third party received by a holder of one share of common stock as a result of such Common Stock Fundamental Change.

  • Purchase Rights Fundamental Transactions In addition to any adjustments pursuant to Section 10 above, if at any time the Company grants, issues or sells any options, convertible securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders of Common Stock (“Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.

  • Fundamental Change Notice On or before the twentieth (20th) calendar day after the effective date of a Fundamental Change, the Company will send to each Holder, the Trustee and the Paying Agent a notice of such Fundamental Change (a “Fundamental Change Notice”). Such Fundamental Change Notice must state: (i) briefly, the events causing such Fundamental Change; (ii) the effective date of such Fundamental Change; (iii) the procedures that a Holder must follow to require the Company to repurchase its Notes pursuant to this Section 4.02, including the deadline for exercising the Fundamental Change Repurchase Right and the procedures for submitting and withdrawing a Fundamental Change Repurchase Notice; (iv) the Fundamental Change Repurchase Date for such Fundamental Change; (v) the Fundamental Change Repurchase Price per $1,000 principal amount of Notes for such Fundamental Change (and, if such Fundamental Change Repurchase Date is after a Regular Record Date and on or before the next Interest Payment Date, the amount, manner and timing of the interest payment payable pursuant to the proviso to Section 4.02(D)); (vi) the name and address of the Paying Agent and the Conversion Agent; (vii) the Conversion Rate in effect on the date of such Fundamental Change Notice and a description and quantification of any adjustments to the Conversion Rate that may result from such Fundamental Change (including pursuant to Section 5.07); (viii) that Notes for which a Fundamental Change Repurchase Notice has been duly tendered and not duly withdrawn must be delivered to the Paying Agent for the Holder thereof to be entitled to receive the Fundamental Change Repurchase Price; (ix) that Notes (or any portion thereof) that are subject to a Fundamental Change Repurchase Notice that has been duly tendered may be converted only if such Fundamental Change Repurchase Notice is withdrawn in accordance with this Indenture; and (x) the CUSIP and ISIN numbers, if any, of the Notes. Neither the failure to deliver a Fundamental Change Notice nor any defect in a Fundamental Change Notice will limit the Fundamental Change Repurchase Right of any Holder or otherwise affect the validity of any proceedings relating to any Repurchase Upon Fundamental Change.