Common use of Deposit of Purchase Price Clause in Contracts

Deposit of Purchase Price. Prior to 10:00 a.m., New York City time, on the applicable Purchase Date, the Company shall irrevocably deposit 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 the Notes or portions thereof which are to be purchased as of such Purchase Date. If the Paying Agent holds, in accordance with the terms hereof, at 10:00 a.m., New York City time, on the applicable Purchase Date, cash sufficient to pay the Purchase Price of any Notes for which a Purchase Notice has been tendered and not withdrawn pursuant to Section 4.2(b), then, on such Purchase Date, such Notes shall cease to be outstanding and interest (including Contingent Interest and Additional Interest, if any) on such Notes shall cease to accrue, whether or not book-entry transfer of such Notes is made and whether or not such Notes are delivered to the Paying Agent, and the rights of the Holders in respect thereof shall terminate (other than the right to receive the Purchase Price upon delivery of such Notes). The Company shall make a Public Notice of the aggregate principal amount of Notes purchased on the applicable Purchase Date on such date or as soon as practicable thereafter.

Appears in 1 contract

Samples: Indenture (Synaptics Inc)

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Deposit of Purchase Price. Prior to 10:00 11:00 a.m., New York City time, on the Business Day next succeeding the applicable Purchase Date, the Company shall irrevocably deposit 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 the Notes or portions thereof which are to be purchased as of such Purchase Date. If the Paying Agent holds, in accordance with the terms hereof, at 10:00 11:00 a.m., New York City time, on the Business Day next succeeding the applicable Purchase Date, cash sufficient to pay the Purchase Price of any Notes for which a Purchase Notice has been tendered and not withdrawn pursuant to Section 4.2(b), then, on as of such Purchase Date, such Notes shall cease to be outstanding and interest (including Contingent Interest interest, Additional Amounts and Additional Interest, if any) , on such Notes shall cease to accrue, whether or not book-entry transfer of such Notes is made and whether or not such Notes are delivered to the Paying Agent, and the rights of the Holders in respect thereof shall terminate (other than the right to receive the Purchase Price upon delivery of such Notes). The Company shall make a Public Notice of the aggregate principal amount of Notes purchased on the applicable Purchase Date on such date or as soon as practicable thereafter.

Appears in 1 contract

Samples: Indenture (Willbros Group Inc)

Deposit of Purchase Price. Prior to 10:00 a.m., New York City Eastern Standard time, on the Business Day following the applicable Purchase Date, the Company shall irrevocably deposit 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 the Notes or portions thereof which are to be purchased as of such Purchase Date. If the Paying Agent holds, in accordance with the terms hereof, at 10:00 a.m., New York City Eastern Standard time, on the applicable Purchase DateDate (or such date specified in the preceding paragraph), cash sufficient to pay the Purchase Price of any Notes for which a Purchase Notice has been tendered and not withdrawn pursuant to Section 4.2(b), then, on such Purchase Date, such Notes shall cease to be outstanding and interest (including Contingent Interest and Additional Interest, if any) on such Notes shall cease to accrue, accrue (whether or not book-entry transfer of such the Notes is made and or whether or not such the Notes are delivered to the Paying Agent), and the all other rights of the Holders in respect thereof shall will terminate (other than the right to receive the Purchase Price upon delivery or transfer of such the Notes). The Company shall make issue a Public Notice of the aggregate principal amount of Notes purchased on the applicable Purchase Date on such date or as soon as practicable thereafter.

Appears in 1 contract

Samples: Indenture (Greenbrier Companies Inc)

Deposit of Purchase Price. Prior to 10:00 a.m., New York City time, on the applicable Purchase Date, the Company shall irrevocably deposit 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 the Notes or portions thereof which are to be purchased as of such Purchase Date. If the Paying Agent holds, in accordance with the terms hereof, at 10:00 a.m., New York City time, on the applicable Purchase Date, cash sufficient to pay the Purchase Price of any Notes for which a Purchase Notice has been tendered and not withdrawn pursuant to Section 4.2(b), then, on such Purchase Date, such Notes shall cease to be outstanding and interest (including interest, Contingent Interest and Additional Interest, if any) , on such Notes shall cease to accrue, whether or not book-entry transfer of such Notes is made and whether or not such Notes are delivered to the Paying Agent, and the rights of the Holders in respect thereof shall terminate (other than the right to receive the Purchase Price upon delivery of such Notes). The Company shall make a Public Notice of the aggregate principal amount Accreted Principal Amount of Notes purchased on the applicable Purchase Date on such date or as soon as practicable thereafter.

Appears in 1 contract

Samples: Indenture (Comtech Telecommunications Corp /De/)

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Deposit of Purchase Price. Prior to 10:00 a.m., New York City time, on the applicable Purchase Date, the Company shall irrevocably deposit 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 the Notes or portions thereof which are to be purchased as of such Purchase Date. If the Paying Agent holds, in accordance with the terms hereof, at 10:00 a.m., New York City time, on the applicable Purchase Date, cash sufficient to pay the Purchase Price of any Notes for which a Purchase Notice has been tendered and not withdrawn pursuant to Section 4.2(b), then, on such Purchase Date, such Notes shall cease to be outstanding and interest (including Contingent Interest and Additional Interest, if any) , on such Notes shall cease to accrue, whether or not book-entry transfer of such Notes is made and whether or not such Notes are delivered to the Paying Agent, and the rights of the Holders in respect thereof shall terminate (other than the right to receive the Purchase Price upon delivery of such Notes). The Company shall make a Public Notice of the aggregate principal amount of Notes purchased on the applicable Purchase Date on such date or as soon as practicable thereafter.

Appears in 1 contract

Samples: Indenture (CTS Corp)

Deposit of Purchase Price. Prior to 10:00 a.m., New York City time, on the applicable Purchase Date, the Company shall irrevocably deposit 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 the Notes or portions thereof which are to be purchased as of such Purchase Date. If the Paying Agent holds, in accordance with the terms hereof, at 10:00 a.m., New York City time, on the applicable Purchase Date, cash sufficient to pay the Purchase Price of any Notes for which a Purchase Notice has been tendered and not withdrawn pursuant to Section 4.2(b), then, on such Purchase Date, such Notes shall cease to be outstanding and interest (including Contingent Interest and Additional Interest, if any) on such Notes shall cease to accrue, whether or not book-entry transfer of such Notes is made and whether or not such Notes are delivered to the Paying Agent, and the rights of the Holders in respect thereof shall terminate (other than the right to receive the Purchase Price upon delivery of such Notes). The Company shall make a Public Notice of the aggregate principal amount of Notes purchased on the applicable Purchase Date on such date or as soon as practicable thereafter.

Appears in 1 contract

Samples: Indenture (Cray Inc)

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