Mandatory repurchase due to. a Change of Control Event (put option) (a) Upon a Change of Control Event occurring, each Bondholder shall have the right to request that all, or some only, of its Bonds be repurchased at a price per Bond equal to 101 per cent. of the Nominal Amount together with accrued but unpaid Interest, during a period of sixty (60) days following a notice from the Issuer of the Change of Control Event pursuant to Clause 12.1(b) (after which time period such right shall lapse). However, such period may not start earlier than upon the occurrence of the Change of Control Event. (b) The notice from the Issuer pursuant to Clause 12.1(b) shall specify the repurchase date and include instructions about the actions that a Bondholder needs to take if it wants Bonds held by it to be repurchased. If a Bondholder has so requested, and acted in accordance with the instructions in the notice from the Issuer, the Issuer shall repurchase the relevant Bonds and the repurchase amount shall fall due on the repurchase date specified in the notice given by the Issuer pursuant to Clause 12.1(b). The repurchase date must fall no later than twenty (20) Business Days after the end of the period referred to in Clause 10.4(a). (c) The Issuer shall comply with the requirements of any applicable securities laws or regulations in connection with the repurchase of Bonds. To the extent that the provisions of such laws and regulations conflict with the provisions in this Clause 10.4, the Issuer shall comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Clause 10.4 by virtue of the conflict. (d) Any Bonds repurchased by the Issuer pursuant to this Clause 10.4 may at the Issuer’s discretion be retained, sold or cancelled shall be promptly cancelled by the Issuer.
Appears in 4 contracts
Sources: Terms and Conditions, Amendment and Restatement Agreement, Amendment and Restatement Agreement
Mandatory repurchase due to. a Change of Control Event (put option)
(a) Upon a Change of Control Event occurring, each Bondholder shall have the right to request that all, or some onlyonly some, of its Bonds be repurchased at a price per Bond equal to 101 101.00 per cent. cent of the Outstanding Nominal Amount together with accrued but unpaid Interest, during a period of sixty (60) days Business Days following a notice from the Issuer of the Change of Control Event pursuant to Clause 12.1(b11.1(b) (after which time period such right shall lapse). However, such period may not start earlier than upon the occurrence of the Change of Control Event.
(b) The notice from the Issuer pursuant to Clause 12.1(b11.1(b) shall specify the repurchase date and include instructions about the actions that a Bondholder needs to take if it wants Bonds held by it to be repurchased. If a Bondholder has so requested, and acted in accordance with the instructions in the notice from the Issuer, the Issuer Issuer, or a person designated by the Issuer, shall repurchase the relevant Bonds and the repurchase amount shall fall due on the repurchase date specified in the notice given by the Issuer pursuant to Clause 12.1(b11.1(b). The repurchase date must fall no later than twenty (20) Business Days after the end of the period referred to in Clause 10.4(a9.4(a).
(c) The Issuer shall comply with the requirements of any applicable securities laws or regulations in connection with the repurchase of Bonds. To the extent that the provisions of such laws and regulations conflict with the provisions in this Clause 10.4, the Issuer shall comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Clause 10.4 by virtue of the conflict.
(d) Any Bonds repurchased by the Issuer pursuant to this Clause 10.4 may at the Issuer’s discretion be retained, sold or cancelled shall be promptly cancelled by the Issuer.
Appears in 1 contract
Sources: Amendment and Restatement Agreement
Mandatory repurchase due to. a Change of Control Event or De-listing Event (put option)
(a) Upon a Change of Control Event or De-listing Event occurring, each Bondholder shall have the right to request that all, or some only, of its Bonds be repurchased at a price per Bond equal to 101 per cent. of the Nominal Amount together with accrued but unpaid Interest, during a period of sixty (60) days following a notice from the Issuer of the Change of Control Event or De-listing Event pursuant to Clause 12.1(b10.1(b) (after which time period such right shall lapse). However, such period may not start earlier than upon the occurrence of the Change of Control Event or the De-listing Event.
(b) The notice from the Issuer pursuant to Clause 12.1(b10.1(b) shall specify the repurchase date and include instructions about the actions that a Bondholder needs to take if it wants Bonds held by it to be repurchased. If a Bondholder has so requested, and acted in accordance with the instructions in the notice from the Issuer, the Issuer Issuer, shall repurchase the relevant Bonds and the repurchase amount shall fall due on the repurchase date specified in the notice given by the Issuer pursuant to Clause 12.1(b10.1(b). The repurchase date must fall no later than twenty (20) Business Days after the end of the period referred to in Clause 10.4(a9.5(a).
(c) The Issuer shall comply with the requirements of any applicable securities laws or regulations in connection with the repurchase of Bonds. To the extent that the provisions of such laws and regulations conflict with the provisions in this Clause 10.49.4, the Issuer shall comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Clause 10.4 9.4 by virtue of the conflict.
(d) Any Bonds repurchased by the Issuer pursuant to this Clause 10.4 9.4 may at the Issuer’s discretion be retainedretained or sold, sold or cancelled shall be promptly cancelled by the Issuerbut not cancelled.
Appears in 1 contract
Sources: Amendment and Restatement Agreement