Offer to Repurchase Upon a Change of Control. (a) If a Change of Control Triggering Event occurs, each Holder of Notes will have the right to require the Company to repurchase all or any part (equal to $1,000 or an integral multiple thereof) of that Holder’s Notes pursuant to an offer (“Change of Control Offer”) on the terms set forth in this Indenture. In the Change of Control Offer, the Company will offer a payment in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal
Appears in 2 contracts
Sources: Seventeenth Supplemental Indenture (Plains Exploration & Production Co), Thirteenth Supplemental Indenture (Plains Exploration & Production Co)
Offer to Repurchase Upon a Change of Control. (a) If a Change of Control Triggering Event occurs, each Holder of Notes will shall have the right to require the Company to repurchase all or any part (equal to $1,000 2,000 or an integral multiple multiples of $1,000 in excess thereof) of that Holder’s Notes Securities pursuant to an offer (“the Change of Control Offer”) offer on the terms set forth in this Indenture. In the Change of Control Offer, the Company will offer Indenture (a payment in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal
Appears in 1 contract