No Payment During Events of Default. There shall be no purchase of any Securities pursuant to Article 6 if there has occurred (prior to, on or after as the case may be, the giving, by the Holders of such Securities, of the required Fundamental Change Purchase Notice) and is continuing an Event of Default and the principal amount of the Securities has been accelerated in accordance with the Indenture and such acceleration has not been rescinded on or prior to the Fundamental Change Purchase Date (except in the case of an acceleration resulting from a default by the Company in payment of the Fundamental Change Purchase Price with respect to such Securities). The Paying Agent will promptly return to the respective Holders thereof any Securities (i) with respect to which a Fundamental Change Purchase Notice has been withdrawn in compliance with this Indenture, or (ii) held by it during the continuance of an Event of Default (other than a default in the payment of the Fundamental Change Purchase Price) in which case, upon such return, the Fundamental Change Purchase Notice with respect thereto shall be deemed to have been withdrawn.
Appears in 2 contracts
Samples: Indenture (Concur Technologies Inc), Concur Technologies Inc
No Payment During Events of Default. There shall be no purchase repurchase of any Securities pursuant to Article 6 7 if there has occurred (prior to, on or after as the case may be, the giving, by the Holders of such Securities, of the required Fundamental Change Purchase Repurchase Notice) and is continuing an Event of Default and the principal amount of the Securities has been accelerated in accordance with the Indenture and such acceleration has not been rescinded on or prior to the Fundamental Change Purchase Repurchase Date (except in the case of an acceleration resulting from a default by the Company in payment of the Fundamental Change Purchase Repurchase Price with respect to such Securities). The Paying Agent will promptly return to the respective Holders thereof any Securities (i) with respect to which a Fundamental Change Purchase Repurchase Notice has been withdrawn in compliance with this Indenture, or (ii) held by it during the continuance of an Event of Default (other than a default in the payment of the Fundamental Change Purchase Repurchase Price) in which case, upon such return, the Fundamental Change Purchase Repurchase Notice with respect thereto shall be deemed to have been withdrawn.
Appears in 1 contract
Samples: Rovi Corp
No Payment During Events of Default. There shall be no purchase of any Securities pursuant to Article 6 this Section 4.01 if there has occurred (prior to, on or after after, as the case may be, the giving, by the Holders of such Securities, of the required Fundamental Change Purchase Notice) and is continuing an Event of Default and the principal amount (other than an Event of the Securities has been accelerated in accordance with the Indenture and such acceleration has not been rescinded on or prior to the Fundamental Change Purchase Date (except in the case of an acceleration resulting from a default Default that is cured by the Company in payment of the Fundamental Change Purchase Price with respect to such of the Securities). The Trustee (or other Paying Agent will appointed by the Company) shall promptly return to the respective Holders thereof any Securities (i) with respect to which a Fundamental Change Purchase Notice has been withdrawn in compliance with this Supplemental Indenture, or (ii) held by it during the continuance of an Event of Default (other than a default in an Event of Default that is cured by the payment of the Fundamental Change Purchase Price) Price with respect to such Securities), in which case, upon such return, the Fundamental Change Purchase Notice with respect thereto shall be deemed to have been withdrawn.
Appears in 1 contract
Samples: Indenture (Trex Co Inc)