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 3.08(a), the Holder of the Security in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price, and any accrued and unpaid interest, with respect to such Security. Such Purchase Price and contingent interest, if any, shall be paid to such Holder, subject to receipt of funds by the Paying Agent, promptly following the later of (x) the Purchase Date, with respect to such Security (provided the conditions in Section 3.08(a) have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 3.08(a). Securities in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 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hereof on or after the date of the delivery of such Purchase Notice, unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.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 (CBRL Group Inc), Indenture (CBRL Group Inc)

AutoNDA by SimpleDocs

Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 3.08(a), ) the Holder of the Security in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price, and any Price together with accrued and unpaid interest, with respect to such Security. Such Purchase Price and contingent interestContingent Cash Interest, if any, . Such amounts shall be paid to such Holder, subject to receipt receipts of funds and/or securities by the Paying Agent, promptly as soon as practicable following the later of (x) the Purchase Date, Date with respect to such Security (provided the conditions in Section 3.08(a) 3.08 have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 3.08(a). Securities in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 11 10 hereof on or after the date of the delivery of such Purchase Notice, Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 1 contract

Samples: Indenture (Laboratory Corp of America Holdings)

Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 3.08(a)3.7, the Holder of the Security in respect of which such Purchase Notice was given shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphsvalidly withdrawn) thereafter be entitled to receive solely the Purchase Price, and any accrued and unpaid interest, Price with respect to such Security. Such Purchase Price and contingent interest, if any, shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Purchase Date, Date with respect to such Security (provided the Holder has satisfied the conditions in Section 3.08(a) have been satisfied3.7) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 3.08(a)3.7. Securities in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 11 Ten hereof on or after the date of the delivery of such Purchase Notice, Notice unless such Purchase Notice has first been validly withdrawn as specified in the following two paragraphswithdrawn.

Appears in 1 contract

Samples: Indenture (American International Group Inc)

AutoNDA by SimpleDocs

Effect of Purchase Notice. Upon receipt by the Paying Agent of the Purchase Notice specified in Section 3.08(a), the Holder of the Security in respect of which such Purchase Notice was given given, shall (unless such Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Purchase Price, and any accrued and unpaid interest, Price with respect to such Security. Such Purchase Price and contingent interest, if any, shall be paid to such Holder, subject to receipt of funds by the Paying Agent, Holder promptly following the later of (x) the Business Day following the Purchase Date, Date with respect to such Security (provided the conditions in Section 3.08(a) have been satisfied) and (y) the time of delivery of such Security to the Paying Agent or the office or agency referred to in Section 4.05 by the Holder thereof in the manner required by Section 3.08(a) and (g). Securities in respect of which a Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 11 hereof into shares of Class A Common Stock 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: Indenture (Bergen Brunswig Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!