Common use of Limitation on Disposition of Assets Clause in Contracts

Limitation on Disposition of Assets. The Company is, subject to certain conditions and certain exceptions, obligated to make an Offer to Purchase Securities at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Purchase Date (subject to the right of Holders of record on the Interest Relevant Record Date to receive interest due on the relevant Interest Payment Date) with the proceeds of certain asset dispositions.

Appears in 7 contracts

Samples: Indenture (Fabrene Group Inc), Indenture (Metris Direct Inc), Indenture (St John Knits Inc)

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Limitation on Disposition of Assets. The Company is, subject to certain conditions and certain exceptions, obligated to make an Offer offer to Purchase purchase the Securities at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Purchase Date date of such purchase (subject to the right of Holders of record on the Interest Relevant Record Date to receive interest due on the relevant Interest Payment Date) with the proceeds of certain asset dispositions.

Appears in 4 contracts

Samples: Indenture (MTS Inc), Indenture Agreement (MTS Inc), Indenture (MTS Inc)

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Limitation on Disposition of Assets. The Company is, subject to certain conditions and certain exceptionsconditions, obligated to make an Offer offer to Purchase purchase Securities at a purchase price equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest and Liquidated Damages thereon, if any, to the Asset Sale Purchase Date (subject to the right of Holders of record on the Interest Relevant Record Date to receive interest due on the relevant Interest Payment Date) with the proceeds of certain asset dispositions.

Appears in 3 contracts

Samples: Indenture (Carson Products Co), Indenture (West Texas & Lubbock Railroad Co Inc), Indenture (Fedders North America Inc)

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