Common use of Notices; Method of Exercising Repurchase Right, Etc Clause in Contracts

Notices; Method of Exercising Repurchase Right, Etc. (a) In the case of a Change of Control or a Termination of Trading, unless the Issuer shall have theretofore called for redemption all of the Outstanding Debentures, prior to or on the 10th day after the occurrence of a Change of Control or a Termination of Trading, the Issuer, or, at the written request and expense of the Issuer prior to or on the 10th day after such occurrence, the Trustee, shall give to all Holders of Debentures notice, in the manner provided in Section 10.4, of the occurrence of the Change of Control or a Termination of Trading and of the Repurchase Right set forth herein arising as a result thereof (the “Fundamental Change Issuer Notice”). In the case of an Optional Repurchase Right, prior to or on the date that is 20 Business Days prior to the Optional Repurchase Date, the Issuer, or, at the written request of the Issuer fifteen days prior to such date, the Trustee, shall give to all Holders of Debentures a notice, in the manner provided in Section 10.4, of the Repurchase Right (the “Optional Repurchase Right Issuer Notice” and, together with the Fundamental Change Issuer Notice and the Non-Stock Change of Control Issuer Notice, each an “Issuer Notice”). The Issuer shall also deliver a copy of such Issuer Notice of a Repurchase Right to the Trustee. Each Issuer Notice of a Repurchase Right shall state:

Appears in 2 contracts

Sources: First Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD), First Supplemental Senior Indenture (Teva Pharmaceutical Industries LTD)