Common use of Repurchase of Notes at Option of the Holder upon Change of Control Clause in Contracts

Repurchase of Notes at Option of the Holder upon Change of Control. (a) In the event that a Change of Control occurs, each Holder of Notes shall have the right, at such Holder's option, upon the terms and conditions of this Article XI, to require the Company to repurchase all or any part of such Holder's Notes (provided that the principal amount of such Notes at maturity must be $1,000 or an integral multiple thereof) on a date that is no later than 60 Business Days after the occurrence of a Change of Control (the date on which the repurchase is effected being referred to herein as the "Change of Control Payment Date"), at a cash purchase price (the "Change of Control Purchase Price") equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, on and including the Change of Control Payment Date. (b) Within 20 Business Days after the Company knows, or reasonably should know, of the occurrence of a Change of Control, the Company shall make an irrevocable unconditional offer (a "Change of Control Offer") to the Holders to purchase for U.S. Legal Tender all of the Notes pursuant to the offer described in clause (c) of this Section 11.1

Repurchase of Notes at Option of the Holder upon Change of Control. (a) In the event that a Change of Control occurs, each Holder of Notes shall have the right, at such Holder's option, upon the terms and conditions of this Article XI, to require the Company to repurchase all or any part of such Holder's Notes (provided provided, however, that the principal amount of such Notes at maturity must be $1,000 or an integral multiple thereof) on a date that is no later than 60 Business Days after the occurrence of a Change of Control (the date on which the repurchase is effected being referred to herein as the "Change of Control Payment Date"), at a cash purchase price (the "Change of Control Purchase Price") equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, on and including the Change of Control Payment Date. (b) Within 20 Business Days after the Company knows, or reasonably should know, of the occurrence of a Change of Control, the Company shall make an irrevocable unconditional offer (a "Change of Control Offer") to the Holders to purchase for U.S. Legal Tender all of the Notes pursuant to the offer described in clause (c) of this Section 11.1