Common use of Repurchase Prohibited in Certain Circumstances Clause in Contracts

Repurchase Prohibited in Certain Circumstances. If the principal amount of the Notes has been accelerated and such acceleration has not been rescinded on or before the Change of Control Repurchase Date for a Repurchase Upon Change of Control (including as a result of the payment of the related Change of Control Repurchase Price, and any related interest pursuant to the proviso to Section 4.04(D), on such Change of Control Repurchase Date), then (i) the Issuer may not repurchase any Notes pursuant to this Section 4.04; and (ii) the Issuer will cause any Notes theretofore surrendered for such Repurchase Upon Change of Control to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel any instructions for book-entry transfer to the Issuer, the Trustee or the Paying Agent of the applicable beneficial interest in such Notes in accordance with the Depositary Procedures).

Appears in 3 contracts

Sources: Indenture (Wolfspeed, Inc.), Indenture (Wolfspeed Texas LLC), Indenture (Wolfspeed Texas LLC)