Common use of Right to Require Redemption Clause in Contracts

Right to Require Redemption. If at any time there shall occur any Change in Control (as defined below) of the Issuer, then each Holder shall have the right, at such Holder's option, to require the Issuer to redeem, and upon the exercise of such right the Issuer shall redeem, all or any part of such Holder's Securities that is $1,000 in principal amount or any integral multiple thereof, on the date (the "Change in Control Repurchase Date") that is 45 days after the date of the Issuer Notice (as defined below) at a price in cash equal to the principal amount thereof, and accrued and unpaid interest to the Repurchase Date (the "Change in Control Repurchase Price").