Common use of DEPOSIT OF CHANGE IN CONTROL PURCHASE PRICE Clause in Contracts

DEPOSIT OF CHANGE IN CONTROL PURCHASE PRICE. By 11:00 a.m., New York City time, on the Business Day following the Change in Control Purchase Date, the Company shall deposit with the Paying Agent (or, if the Company is acting as Paying Agent, shall segregate and hold in trust as provided in Section 2.06) an amount of cash in immediately available funds sufficient to pay the aggregate Change in Control Purchase Price of all the Notes or portions thereof which are to be purchased as of the Change in Control Purchase Date.

Appears in 5 contracts

Samples: Third Supplemental Indenture (Pride International Inc), Third Supplemental Indenture (Pride International Inc), Second Supplemental Indenture (Pride International Inc)

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