Common use of Effect of Repurchase Notice Clause in Contracts

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security. The Repurchase Price 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 Repurchase Date with respect to such Security (provided the conditions in Section 14.1 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 14.1. Securities in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 2 contracts

Samples: Indenture (American Tower Corp /Ma/), Indenture (American Tower Corp /Ma/)

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Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security 2037 Note in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security2037 Note. The Such Repurchase Price 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 Repurchase Date with respect to such Security 2037 Note (provided the conditions in Section 14.1 12.01 have been satisfied) and (y) the time of book-entry transfer or delivery of such Security 2037 Note to the Paying Agent by the Holder thereof in the manner required by Section 14.112.01. Securities 2037 Notes in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve Eleven hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Fourparagraph.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Transocean Inc), Supplemental Indenture (Transocean Inc)

Effect of Repurchase Notice. Upon receipt by the Paying Agent Trustee (or other paying agent appointed by the Company) of the Repurchase NoticeNotice specified in Section 14.06, the Holder holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphsvalidly withdrawn) thereafter be entitled to receive solely the Repurchase Price repurchase price with respect to such Security. The Repurchase Price Such repurchase price shall be paid to such HolderSecurityholder, subject to receipt of funds and/or securities Securities by the Paying AgentTrustee (or other paying agent appointed by the Company), promptly following the later of (x) the Repurchase Date with respect to such Security (provided PROVIDED the Securityholder has satisfied the conditions in Section 14.1 have been satisfied14.06) and (y) the time of delivery of such Security to the Paying Agent Trustee(or other paying agent appointed by the Holder Company) by the Securityholder thereof in the manner required by Section 14.114.06. Securities in respect of which a Repurchase Notice has been given by the Holder Securityholder thereof may not be converted pursuant to Article Twelve 15 hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Fourwithdrawn.

Appears in 1 contract

Samples: Indenture (Commscope Inc)

Effect of Repurchase Notice. Upon receipt by the Paying Agent Trustee (or other paying agent appointed by the Company) of the Repurchase NoticeNotice specified in Section 3.06, the Holder holder of the Security Note in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphsvalidly withdrawn) thereafter be entitled to receive solely the Repurchase Price repurchase price with respect to such SecurityNote. The Repurchase Price Such repurchase price shall be paid to such Holderholder, subject to receipt of funds and/or securities Notes by the Paying AgentTrustee (or other paying agent appointed by the Company), promptly following the later of (x) the Repurchase Date with respect to such Security Note (provided the holder has satisfied the conditions in Section 14.1 have been satisfied3.06) and (y) the time of delivery of such Security Note to the Paying Agent Trustee (or other paying agent appointed by the Holder Company) by the holder thereof in the manner required by Section 14.13.06. Securities Notes in respect of which a Repurchase Notice has been given by the Holder holder thereof may not be converted pursuant to Article Twelve 15 hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Fourwithdrawn.

Appears in 1 contract

Samples: Indenture (On Semiconductor Corp)

Effect of Repurchase Notice. Upon receipt by the Paying Agent Trustee (or other paying agent appointed by the Company) of the Repurchase NoticeNotice specified in Section 17.1, the Holder Noteholder of the Security Note in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphsvalidly withdrawn) thereafter be entitled to receive solely the Repurchase Price with respect to such SecurityNote. The Such Repurchase Price shall be paid to such HolderNoteholder, subject to receipt of funds and/or securities by the Paying AgentTrustee (or other paying agent appointed by the Company), promptly following the later of (x) the Repurchase Date with respect to such Security Note (provided the Noteholder has satisfied the conditions in Section 14.1 have been satisfied17.1) and (y) the time of delivery of such Security Note to the Paying Agent Trustee (or other paying agent appointed by the Holder Company) by the Noteholder thereof in the manner required by Section 14.117.1. Securities Notes in respect of which a Repurchase Notice has been given by the Holder Noteholder thereof may not be converted pursuant to Article Twelve XV hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in before the following two paragraphs. The principal close of Securities payable as business on the last business day before the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article FourDate.

Appears in 1 contract

Samples: Indenture (Alkermes Inc)

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Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security. The Repurchase Price 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 Repurchase Date with respect to such Security (provided the conditions in Section 14.1 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 14.1. Securities in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal Issue Price of and accrued Original Discount on Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 1 contract

Samples: Indenture (American Tower Corp /Ma/)

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the a Repurchase Notice, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price Price, together with accrued but unpaid interest (including Additional Interest, if any) thereon, to but not including the Repurchase Date with respect to such Security. The Such Repurchase Price Price, together with accrued but unpaid interest (including Additional Interest, if any) thereon, to but not including the Repurchase Date 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 Repurchase Date with respect to such Security (provided that the conditions in Section 14.1 13.1 have been satisfied) and (y) the time of delivery or book-entry transfer of such Security to the Paying Agent by the Holder thereof in the manner required by Section 14.113.1. Securities in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve XII hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 1 contract

Samples: Indenture (Privatebancorp, Inc)

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