RIGHT OF HOLDERS TO REQUIRE Sample Clauses
The "Right of Holders to Require" clause grants certain rights to holders of securities or other interests, allowing them to demand specific actions from the issuer or obligor. Typically, this clause enables holders to require the redemption or repurchase of their securities under defined circumstances, such as upon a change of control or after a set period. Its core practical function is to provide holders with a measure of control and protection, ensuring they can exit their investment or enforce their rights if certain conditions are met.
RIGHT OF HOLDERS TO REQUIRE. THE COMPANY TO REPURCHASE NOTES UPON A FUNDAMENTAL CHANGE.
RIGHT OF HOLDERS TO REQUIRE. THE ISSUER TO REPURCHASE NOTES UPON A FUNDAMENTAL CHANGE ON OR PRIOR TO THE CONVERSION EXPIRATION DATE.
RIGHT OF HOLDERS TO REQUIRE. THE ISSUER TO REPURCHASE NOTES UPON A CHANGE OF CONTROL.
RIGHT OF HOLDERS TO REQUIRE the Company to Repurchase Notes on The Optional Repurchase Dates.
RIGHT OF HOLDERS TO REQUIRE the Company to Repurchase Notes upon a Fundamental Change.
(A) Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change. Subject to the other terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price.
(B) 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 If the principal amount of the Notes has been accelerated and such acceleration has not been rescinded on or before the Fundamental Change Repurchase Date for a Repurchase Upon Fundamental Change (including as a result of the payment of the related Fundamental Change Repurchase Price, and any related interest pursuant to the proviso to Section 4.02(D), on such Fundamental Change Repurchase Date), then (i) the Company may not repurchase any Notes pursuant to this Section 4.02; and (ii) the Company will cause any Notes theretofore surrendered for such Repurchase upon Fundamental Change to be returned to the Holders thereof (or, if applicable with respect to Global Notes, cancel any instructions for book-entry transfer to the Company, the Trustee or the Paying Agent of the applicable beneficial interest in such Notes in accordance with the Depositary Procedures).
RIGHT OF HOLDERS TO REQUIRE the Company to Repurchase Notes upon a Delisting Event.
(a) Subject to the other terms of this Section 3.05, if a Delisting Event occurs, then each Holder will have the right (the “Delisting Event Repurchase Right”), at any time after the Discharge of OC III Term Loans, to require the Company to repurchase such Holder’s Notes (or any portion thereof in amounts of $1.00 or whole multiples of $1.00 in excess thereof) on the Delisting Event Repurchase Date at the then-applicable Delisting Event Repurchase Price.
(b) If a Delisting Event Repurchase Date is after a record date and on or before the next interest payment date, then (i) the Holder of such Note at the Close of Business on such record date will be entitled, notwithstanding such Repurchase Upon Delisting Event, to receive, on or, at the Company’s election, before such interest payment date, the unpaid interest in cash that would have accrued on such Note to, but excluding, such interest payment date (assuming, solely for these purposes, that such Note remained outstanding through such interest payment date, if such Delisting Event Repurchase Date is before such interest payment date); and (ii) the Delisting Event Repurchase Price will not include accrued and unpaid interest on such Note to, but excluding, such Delisting Event Repurchase Date. For the avoidance of doubt, if an interest payment date is not a Business Day and such Delisting Event Repurchase Date occurs on the Business Day immediately after such interest payment date, then (x) accrued and unpaid interest on Notes to, but excluding, such interest payment date will be paid on the next Business Day to Holders as of the Close of Business on the immediately preceding record date; and (y) the Delisting Event Repurchase Price will include interest on Notes to be repurchased from, and including, such interest payment date.
(c) On or before the twentieth calendar day before the effective date of a Delisting Event, the Company will send to each Holder, the Trustee and the Paying Agent a notice of such Delisting Event (a “Delisting Event Repurchase Notice”). Such Delisting Event Repurchase Notice must state:
(i) briefly, the events causing such Delisting Event;
(ii) the effective date of such Delisting Event;
(iii) the procedures that a Holder must follow to require the Company to repurchase its Notes pursuant to this Section 3.05, including the deadline for exercising the Delisting Event Repurchase Right and the procedures for submitting and withd...
RIGHT OF HOLDERS TO REQUIRE the Company to Repurchase Notes upon a Fundamental Change or Asset Sale resulting in Asset Sale Excess Proceeds. If a Fundamental Change occurs, then each Holder will have the right to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) for cash in the manner, and subject to the terms, set forth in Section 4.02 of the Indenture. If the Company is required under the Credit Agreement to make a mandatory repurchase of Notes from a portion of Asset Sale Excess Proceeds, then each Holder will have the right to require the Company to repurchase a specified portion of such Holder’s Notes (or any portion thereof in an Authorized Determination) for cash in the manner, and subject to the terms, set forth in Section 3.09 of the Indenture.
RIGHT OF HOLDERS TO REQUIRE the Company to Repurchase Notes upon a Fundamental Change.
(A) Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change. Subject to the other terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price.
(B) 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