Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on 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 Notes or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 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 Purchase Date. If a Paying Agent holds, in accordance with the terms hereof, money and/or Common Stock sufficient to pay the Purchase Price of any Note for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture then, immediately after such Purchase Date, such Note shall cease to be Outstanding and the rights of the Holder in respect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), Supplemental Indenture (Dte Energy Co), Supplemental Indenture (Dte Energy Co)
Deposit of Purchase Price. Prior to 11:00 a.m. (New York City time) on 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 Notes Debentures or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 710 810 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 Purchase Date. If a Paying Agent holds, in accordance with the terms hereof, money and/or Common Stock sufficient to pay the Purchase Price of any Note Debenture for which a Purchase Notice has been tendered and not withdrawn in accordance with this Indenture then, immediately after such Purchase Date, such Note Debenture shall cease to be Outstanding and the rights of the Holder in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), Supplemental Indenture (Dte Energy Co), Supplemental 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 Notes Securities or portions thereof which are to be purchased as of the Purchase Date. The manner in which the deposit required by this Section 710 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 Purchase Datedate of deposit. If a Paying Agent holds, in accordance with the terms hereof, money and/or Common Stock cash sufficient to pay the Purchase Price of any Note 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 Note shall Security will cease to be Outstanding 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 (Wells Fargo & Co/Mn), Indenture (American Express Co)
Deposit of Purchase Price. Prior to On or before 11:00 a.m. (a.m., New York City time) time on 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) and/or Common Stock, if permitted hereunder, sufficient to pay the aggregate Purchase Price of all of the 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 710 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 applicable Purchase Date. If a Paying Agent holds, in accordance with the terms hereof, money and/or Common Stock sufficient to pay the applicable Purchase Price of any Note for which a Purchase Notice has been tendered and not withdrawn in accordance with this Supplemental Indenture then, immediately after such on the Purchase Date, such Note shall will cease to be Outstanding 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
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