Repurchase of Notes at the Option of the Holder Clause Samples
The 'Repurchase of Notes at the Option of the Holder' clause gives noteholders the right to require the issuer to buy back their notes under certain conditions. Typically, this right may be triggered by specific events such as a change of control, a significant asset sale, or other predefined circumstances, and the repurchase is usually at a set price or formula. This clause primarily serves to protect investors by providing them with an exit option if the issuer's situation changes in ways that could negatively affect the value or risk profile of the notes.
Repurchase of Notes at the Option of the Holder. Section 11.01. Offer to Repurchase 24 Section 11.02. Early Mandatory Settlement Notice 24 Section 11.03. Procedures for Exercise 24 Section 11.04. Withdrawal of Repurchase Notice 25 Section 11.05. Effect of Repurchase 25 Section 11.06. No Sinking Fund 26 Section 12.01. Tax Treatment 26
Repurchase of Notes at the Option of the Holder. Section 11.01. Offer to ▇▇▇▇▇▇▇▇▇▇ ▇▇ Section 11.02. Early Mandatory Settlement Notice 23 Section 11.03. Procedures for Exercise 23 Section 11.04. Withdrawal of Repurchase Notice 23 Section 11.05. Effect of ▇▇▇▇▇▇▇▇▇▇ ▇▇ Section 11.06. No Sinking Fund 24 Section 12.01. Tax Treatment 24 Section 13.01. Conflict with Trust Indenture Act 25 Section 13.02. Effect of Headings and Table of Contents 25 Section 13.03. Successors and Assigns 25 Section 13.04. Separability 25 Section 13.05. Benefits of Supplemental Indenture 25 Section 13.06. Governing Law and Jury Trial Waiver 25 Section 13.07. Ratification of Indenture 25 Exhibit A – Form of Note FIRST SUPPLEMENTAL INDENTURE dated as of July 1, 2019 (this “Supplemental Indenture”) between CHANGE HEALTHCARE INC., a Delaware corporation (the “Company”), and U.S. BANK N.A., a national banking association, as trustee (the “Trustee”), supplementing the Indenture dated as of July 1, 2019, between the Company and the Trustee (the “Base Indenture”).
Repurchase of Notes at the Option of the Holder. (a) At the option of the Holder thereof, Notes (or portions thereof that are integral multiples of $1,000 in principal amount) shall be purchased by the Company pursuant to this section on July 1, 2017 (the “Option Purchase Date”), at a purchase price, payable in cash, equal to one hundred percent (100%) of the principal amount of the Notes (or such portions thereof) to be so purchased (the “Option Purchase Price”), plus accrued and unpaid interest, if any, to, but excluding, the Option Purchase Date (provided, that such accrued and unpaid interest shall be paid to the Holder of record of such Notes at the Close of Business on the record date immediately preceding such Option Purchase Date), upon:
(i) delivery to the Company (if it is acting as its own Paying Agent), or to a Paying Agent designated by the Company for such purpose in the Company’s Option Purchase Notice (as defined below), by such Holder, at any time from the Open of Business on the date that is twenty (20) Business Days prior to the Option Purchase Date until the Close of Business on the Business Day immediately preceding the applicable Option Purchase Date, of a duly completed Purchase Notice (the “Option Purchase Notice”), in the form set forth in the Notes or any other form of written notice substantially similar thereto, stating:
(A) the certificate number(s) of the Notes which the Holder will deliver to be purchased, if such Notes are in certificated form;
(B) the principal amount of Notes to be purchased, which must be $1,000 or an integral multiple thereof; and
(C) that such principal amount of Notes are to be purchased as of the applicable Option Purchase Date pursuant to the terms and conditions specified in paragraph 8 of the Notes and in this Indenture; and
(ii) delivery to the Company (if it is acting as its own Paying Agent), or to a Paying Agent designated by the Company for such purpose in the Company’s Option Purchase Notice, at any time after delivery of an Option Purchase Notice, of such Notes (together with all necessary endorsements), such delivery being a condition to receipt by the Holder of the Option Purchase Price therefor plus accrued and unpaid interest, if any, payable as herein provided upon redemption of the Notes with respect to a repurchase at the Holder’s option, in accordance with this Section 4.02 (a “Purchase at Holder’s Option”) (provided, however, that the Holder of record of such Notes on the record date immediately preceding such Option Purchase Date...
Repurchase of Notes at the Option of the Holder