Offer to Repurchase Upon a Change of Control. The Issuer will be required to make an offer to repurchase the Second Lien Notes following the occurrence of a “change of control” (to be defined in a manner consistent with the Opco Second Lien Notes Documentation Principles) at a price in cash equal to 101.0% of the outstanding principal amount thereof, plus accrued and unpaid interest to the date of repurchase.
Appears in 2 contracts
Sources: Restructuring Support and Forbearance Agreement (CAESARS ENTERTAINMENT Corp), Restructuring Support and Forbearance Agreement (CAESARS ENTERTAINMENT Corp)
Offer to Repurchase Upon a Change of Control. The Issuer will be required to make an offer to repurchase the Second Lien Notes following the occurrence of a “change of control” (to be defined in a manner consistent with the Opco Second Lien Notes Documentation PrinciplesPrecedent) at a price in cash equal to 101.0% of the outstanding principal amount thereof, plus accrued and unpaid interest to the date of repurchase.
Appears in 2 contracts
Sources: Restructuring Support and Forbearance Agreement (Caesars Entertainment Operating Company, Inc.), Restructuring Support and Forbearance Agreement (CAESARS ENTERTAINMENT Corp)