Common use of Repurchase at Option of Holders Clause in Contracts

Repurchase at Option of Holders. (a) Upon the occurrence of a Change of Control Triggering Event with respect to the Notes, each Holder of Notes may require the Company to purchase such Notes in whole or in part in minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on an Interest Payment Date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture. (b) Under certain circumstances described in the Indenture, the Company will be required to apply the proceeds of Sale/Leaseback Transactions to the repayment of the Notes and any other Senior Indebtedness in respect of which such an offer is also required to be made.

Appears in 2 contracts

Sources: Indenture (Continental Resources, Inc), Indenture (Continental Resources, Inc)

Repurchase at Option of Holders. (a) Upon the occurrence of a Change of Control Triggering Event with respect to the a series of Notes, each Holder of Notes of such series may require the Company to purchase such Notes in whole or in part in minimum amounts of $2,000 1,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the rights of Holders of record of such series on relevant record dates to receive interest due on an Interest Payment Date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture. (b) Under certain circumstances described in the Indenture, the Company will be required to apply the proceeds of Sale/Leaseback Transactions to the repayment of the Notes and any other Senior Indebtedness in respect of which such an offer is also required to be made.

Appears in 1 contract

Sources: Indenture (Continental Resources, Inc)

Repurchase at Option of Holders. (a) Upon the occurrence of a Change of Control Triggering Event with respect to the Notes, each Holder of Notes may require the Company to purchase such Notes in whole or in part in minimum amounts of $2,000 1,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on an Interest Payment Date), pursuant to a Change of Control Offer in accordance with the procedures set forth in the Indenture. (b) Under certain circumstances described in the Indenture, the Company will be required to apply the proceeds of Sale/Leaseback Transactions to the repayment of the Notes and any other Senior Indebtedness in respect of which such an offer is also required to be made.

Appears in 1 contract

Sources: Indenture (Continental Resources, Inc)