Common use of Deposit of Purchase Price Clause in Contracts

Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day) sufficient to pay the aggregate Purchase Price of all of the Securities or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 is made by the Company shall be at the option of the Company, provided, however, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of deposit. If a Paying Agent holds, in accordance with the terms hereof, cash sufficient to pay the Purchase Price of any Security for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after such Purchase Date, such Security will cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 3 contracts

Samples: Indenture (American Express Co), Indenture (American Express Co), Wells Fargo & Co/Mn

AutoNDA by SimpleDocs

Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day) and/or Common Stock, if permitted hereunder, sufficient to pay the aggregate Purchase Price of all of the Securities Notes or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 710 is made by the Company shall be at the option of the Company, provided, however, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of depositPurchase Date. If a Paying Agent holds, in accordance with the terms hereof, cash money and/or Common Stock sufficient to pay the Purchase Price of any Security Note for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after such Purchase Date, such Security will Note shall cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue Outstanding and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 3 contracts

Samples: Supplemental Indenture (Dte Energy Co), Indenture (Dte Energy Co), Indenture (Dte Energy Co)

Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day) and/or Common Stock, if permitted hereunder, sufficient to pay the aggregate Purchase Price of all of the Securities Debentures or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 810 is made by the Company shall be at the option of the Company, provided, however, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of depositPurchase Date. If a Paying Agent holds, in accordance with the terms hereof, cash money and/or Common Stock sufficient to pay the Purchase Price of any Security Debenture for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after such Purchase Date, such Security will Debenture shall cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue Outstanding and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 3 contracts

Samples: Dte Energy Co, Dte Energy Co, Dte Energy Co

Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company Issuer shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day) sufficient to pay the aggregate Purchase Price of all of the Securities or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 13.04 is made by the Company Issuer shall be at the option of the CompanyIssuer, provided, however, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of deposit. If a Paying Agent holds, in accordance with the terms hereof, cash sufficient to pay the Purchase Price of any Security for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after following such Purchase Date, such Security will cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 1 contract

Samples: Getty Images Inc

Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company Issuer shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day) sufficient to pay the aggregate Purchase Price of all of the Securities or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 15.04 is made by the Company Issuer shall be at the option of the CompanyIssuer, provided, however, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of deposit. If a Paying Agent holds, in accordance with the terms hereof, cash sufficient to pay the Purchase Price of any Security for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after following such Purchase Date, such Security will cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 1 contract

Samples: Lin Television Corp

AutoNDA by SimpleDocs

Deposit of Purchase Price. Prior to 11:00 10:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business DayPurchase Date) sufficient to pay the aggregate Purchase Price of all of the Securities or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 is made by the Company shall be at the option of the Company, provided, however, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of deposit. If a Paying Agent holds, in accordance with the terms hereof, cash sufficient to pay the Purchase Price of any Security for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after such Purchase Date, such Security will cease to be outstanding, interest (including Accreted Interest, Contingent Interest and Liquidated DamagesAdditional Interest, if any) will cease to accrue and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 1 contract

Samples: Lockheed Martin Corp

Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on the Business Day immediately following the Purchase Date, the Company shall deposit with the Trustee or with the Paying Agent an amount of cash (in immediately available funds if deposited on such Business Day) and/or Common Stock, if permitted hereunder, sufficient to pay the aggregate Purchase Price of all of the Securities Notes or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 12.04 610 is made by the Company shall be at the option of the Company, providedPROVIDED, howeverHOWEVER, that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of depositPurchase Date. If a Paying Agent holds, in accordance with the terms hereof, cash money and/or Common Stock sufficient to pay the Purchase Price of any Security Note for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture on the Business Day following the Purchase Date then, immediately after such Purchase Date, such Security will Note shall cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue Outstanding and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).

Appears in 1 contract

Samples: Jabil Circuit Inc

Deposit of Purchase Price. Prior to On or before 11:00 a.m. (a.m., New York City time) time on the Business Day immediately following the applicable Purchase Date, the Company shall deposit with the Trustee or with the a Paying Agent (other than the Company or an Affiliate of the Company) an amount of cash money (in immediately available funds if deposited on such Business Day) sufficient to pay the aggregate Purchase Price of all of the Securities Notes or portions thereof which that are to be purchased as of the such Purchase Date. The manner in which the deposit required by this Section 12.04 4.05 is made by the Company shall be at the option of the Company, provided, however, provided that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the date of depositapplicable Purchase Date. If a Paying Agent holds, in accordance with the terms hereof, cash money sufficient to pay the applicable Purchase Price of any Security Note for which a Purchase Notice has been tendered and not withdrawn in accordance with this Supplemental Indenture then, on the Business Day following the Purchase Date then, immediately after such Purchase Date, such Security Note will cease to be outstanding, interest (including Contingent Interest and Liquidated Damages, if any) will cease to accrue outstanding and the rights of the Holder in respect thereof shall terminate (other than the right to receive the Purchase Price as aforesaid).. The Company shall publicly

Appears in 1 contract

Samples: Second Supplemental Indenture (Dial Corp /New/)

Time is Money Join Law Insider Premium to draft better contracts faster.