Covenants of Company and Paying Agent Upon Purchase of Notes. On or before the Fundamental Change Repurchase Date, the Company will, to the extent lawful: (i) accept for payment all Notes or portions thereof properly tendered; (ii) deposit with the Paying Agent an amount equal to the payment in respect of all Notes or portions of Notes properly tendered; and (iii) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company in accordance with the terms of this Article 11. The Paying Agent will promptly send to each Holder of Notes properly tendered the payment for such Notes, and the Trustee will promptly authenticate and send (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof.
Appears in 2 contracts
Samples: Indenture (Ciena Corp), Indenture (Ciena Corp)
Covenants of Company and Paying Agent Upon Purchase of Notes. On or before the Fundamental Change Repurchase Date, the Company will, to the extent lawful:
(i) accept for payment all Notes or portions thereof properly tendered;
(ii) deposit with the Paying Agent an amount equal to the payment in respect of all Notes or portions of Notes properly tendered; and
(iii) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company in accordance with the terms of this Article 11. The Paying Agent will promptly send mail to each Holder of Notes properly tendered the payment for such Notes, and the Trustee will promptly authenticate and send mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof.
Appears in 2 contracts
Samples: Indenture (Ciena Corp), Indenture (Ciena Corp)
Covenants of Company and Paying Agent Upon Purchase of Notes. On or before the Fundamental Change Repurchase Date, the Company will, to the extent lawful:
(i) accept for payment all Notes or portions thereof properly tendered;
(ii) deposit with the Paying Agent an amount equal to the payment in respect of all Notes or portions of Notes properly tendered; and
(iii) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount Original Principal Amount of Notes or portions of Notes being purchased by the Company in accordance with the terms of this Article 11. The Paying Agent will promptly send mail to each Holder of Notes properly tendered the payment for such Notes, and the Trustee will promptly authenticate and send mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount Original Principal Amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a principal amount an Original Principal Amount of $2,000 and integral multiples of $1,000 in excess thereof.
Appears in 1 contract
Samples: Indenture (Ciena Corp)