Common use of Effect of Delivery of Repurchase Notice and Purchase Clause in Contracts

Effect of Delivery of Repurchase Notice and Purchase. (a) Upon receipt by the Paying Agent of a Repurchase Notice, the Holder of the Debenture in respect of which such Repurchase Notice was delivered shall (unless such Repurchase Notice is withdrawn pursuant to Section 11.3(c)) thereafter be entitled to receive solely the Repurchase Price with respect to such Debenture, and, if applicable, any accrued and unpaid Interest (including Contingent Interest) pursuant to Section 2.1(f). Debentures in respect of which a Repurchase Notice has been delivered by the Holder thereof may not be converted pursuant to Article 12 on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice which has been completed and delivered to the Paying Agent has first been validly withdrawn pursuant to Section 11.3(c). (b) All Debentures delivered for purchase shall be canceled by the Trustee or Paying Agent, as applicable.

Appears in 3 contracts

Samples: Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc)

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Effect of Delivery of Repurchase Notice and Purchase. (a) Upon receipt by the Paying Agent of a Repurchase Notice, the Holder of the Debenture CODES in respect of which such Repurchase Notice was delivered shall (unless such Repurchase Notice is withdrawn pursuant to Section 11.3(c)) thereafter be entitled to receive solely the Repurchase Price with respect to such DebentureCODES, and, if applicable, any accrued and unpaid Interest (including Contingent Interest) pursuant to Section 2.1(f). Debentures CODES in respect of which a Repurchase Notice has been delivered by the Holder thereof may not be converted pursuant to Article 12 on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice which has been completed and delivered to the Paying Agent has first been validly withdrawn pursuant to Section 11.3(c). (b) All Debentures CODES delivered for purchase shall be canceled by the Trustee or Paying Agent, as applicable.

Appears in 2 contracts

Samples: Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc)

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