Common use of Effect of Purchase Notice Clause in Contracts

Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 701, the Holder of the Note in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price with respect to such Note. Such Purchase Price shall be paid to such Holder, subject to receipt of funds and/or Common Stock by the Paying Agent, promptly following the later of (x) the Purchase Date with respect to such Note (provided the conditions in Section 701 have been satisfied) and (y) the time of delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 701. Notes in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article Six hereof on or after the date of the delivery of such Purchase Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 3 contracts

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

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Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 701801, the Holder of the Note Debenture in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price with respect to such NoteDebenture. Such Purchase Price shall be paid to such Holder, subject to receipt of funds and/or Common Stock by the Paying Agent, promptly following the later of (x) the Purchase Date with respect to such Note Debenture (provided the conditions in Section 701 801 have been satisfied) and (y) the time of delivery of such Note Debenture to the Paying Agent by the Holder thereof in the manner required by Section 701801. Notes Debentures in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article Six Seven hereof on or after the date of the delivery of such Purchase Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 3 contracts

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

Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 70112.02(a), the Holder of the Note Security in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price with respect to such NoteSecurity. Such Purchase Price shall be paid to such Holder, subject to receipt of funds and/or Common Stock by the Paying Agent, promptly following the later of (x) the Purchase Date with respect to such Note Security (provided the conditions in Section 701 12.02 have been satisfied) and (y) the time of delivery of such Note Security to the Paying Agent by the Holder thereof in the manner required by Section 70112.02. Notes Securities in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article Six 11 hereof on or after the date of the delivery of such Purchase Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 2 contracts

Samples: Indenture (Wells Fargo & Co/Mn), Indenture (Lockheed Martin Corp)

Effect of Purchase Notice. Upon receipt by the Paying Agent Company of the Purchase Notice specified in Section 701401(a)(1) hereof, the Holder of the Note Debenture in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphsparagraph) thereafter be entitled to receive solely the Purchase Price with respect to such NoteDebenture. Such Purchase Price shall be paid to such Holder, subject to receipt of funds and/or Common Stock by the Paying Agent, Holder promptly following the later of (xi) the Purchase Date with respect to such Note Debenture (provided the conditions in Section 701 401(a)(2) hereof have been satisfied) and (yii) the time date of delivery surrender of such Note Debenture to the Company through the Paying Agent by the Holder thereof in the manner required by Section 701401(a)(2) hereof. Notes Debentures in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article Six hereof exchanged for Exchange Securities or other Exchange Property on or after the date of the delivery of such Purchase Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphsparagraph.

Appears in 1 contract

Samples: Second Supplemental Indenture (Eastman Kodak Co)

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Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 701605, the Holder of the Note in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price with respect to such Note. Such Purchase Price shall be paid to such Holder, subject to receipt of funds and/or Common Stock by the Paying Agent, promptly following the later of (x) the Purchase Date with respect to such Note (provided the conditions in Section 701 601 have been satisfied) and (y) the time of delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 701601. Notes in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article Six Four hereof on or after the date of the delivery of such Purchase Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 1 contract

Samples: First Supplemental Indenture (Jabil Circuit Inc)

Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 7016.02(a), the Holder of the Note Debenture in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price with respect to such NoteDebenture. Such Purchase Price shall be paid to such Holder, subject to receipt of funds and/or Common Stock by the Paying Agent, promptly following the later of (x) the Purchase Date with respect to such Note Debenture (provided the conditions in Section 701 6.02 have been satisfied) and (y) the time of delivery delivery, or book-entry transfer, of such Note Debenture to the Paying Agent by the Holder thereof in the manner required by Section 7016.02. Notes Debentures in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article Six 5 hereof on or after the date of the delivery of such Purchase Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Wyeth)

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