Common use of Repurchase Upon a Change of Control Clause in Contracts

Repurchase Upon a Change of Control. Upon the occurrence of a Change of Control, as defined in the Indenture, each Holder shall have the right to require the repurchase of its Notes by the Company in cash pursuant to the offer described in the Indenture (the "Change of Control Offer") at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest (if any) to the date of purchase (the "Change of Control Payment"). A notice of such Change of Control will be mailed within 30 days after any Change of Control occurs to each Holder at his last address as it appears in the Security Register. Notes in original denominations larger than $1,000 may be sold to the Company in part. On and after the Change of Control Payment Date, interest ceases to accrue on Notes or portions of Notes surrendered for purchase by the Company, unless the Company defaults in the payment of the Change of Control Payment.

Repurchase Upon a Change of Control. Upon the occurrence of a Change of in Control, as defined in the Indenture, each Holder shall have the right to require the repurchase of its Notes by that the Company repurchase such Holder's Notes, in cash pursuant to the offer described whole or in the Indenture (the "Change part, in integral multiples of Control Offer") $500 principal amount at final Maturity, at a purchase price in cash in an amount equal to 101100% of the principal amount thereof thereof, plus accrued and unpaid interest (if any) to the date of purchase (the "Change of Control PaymentPurchase Price"). A notice of such each Change of in Control will be mailed within 30 15 days after any such Change of Control occurs to each Holder at his last address as it appears in the Security Register. Notes in original denominations larger than $1,000 may be sold to the Company in part. On and after the Change of Control Payment Date, interest ceases to accrue on Notes or portions of Notes surrendered for purchase by the Company, unless the Company defaults in the payment of the Change of Control PaymentPurchase Price.