Common use of No Purchases or Sales After Certain Defaults Clause in Contracts

No Purchases or Sales After Certain Defaults. Anything in this Indenture to the contrary notwithstanding, there shall be no purchases or sales of Bonds pursuant to Section 5.04 if there shall have occurred any Event of Default in respect of which the principal of all Bonds Outstanding shall have been declared immediately due and payable pursuant to Section 8.02 and such declaration shall not have been annulled. If the Trustee shall have given a notice of a call for redemption pursuant to Section 4.03 hereof and such notice shall not have been rescinded, the Remarketing Agent shall provide a notice of such redemption to any prospective purchaser of such Bonds upon the remarketing of any Bonds tendered pursuant to Section 5.04 hereof. Nothing in this Section is intended to limit secondary trading or transfer of the Bonds.

Appears in 3 contracts

Samples: Trust Indenture (Vermont Pure Holdings LTD), Trust Indenture (Central Sprinkler Corp), Trust Indenture (Nutrition Management Services Co/Pa)

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No Purchases or Sales After Certain Defaults. Anything in this Indenture to the contrary notwithstanding, there shall be no purchases or sales of Bonds pursuant to Section 5.04 if there shall have occurred any Event of Default in respect of which the principal of all Bonds Outstanding outstanding shall have been declared immediately due and payable pursuant to Section 8.02 and such declaration shall not have been annulled. If the Trustee shall have given a notice of a call for redemption pursuant to Section 4.03 hereof and such notice shall not have been rescinded, the Remarketing Agent shall provide a notice of such redemption to any prospective purchaser of such Bonds upon the remarketing of any Bonds tendered pursuant to Section 5.04 hereof. Nothing in this Section is intended to limit secondary trading or transfer of the Bonds.

Appears in 1 contract

Samples: Loan Agreement (Lannett Co Inc)

No Purchases or Sales After Certain Defaults. Anything in this Indenture to the contrary notwithstanding, there shall be no purchases (in the case of (i), below) or sales (in the case of (ii), below) of Bonds pursuant to Section 5.04 5.05 (i) if there shall have occurred any Event of Default in respect of which the principal of all Bonds Outstanding shall have been declared immediately due and payable pursuant to Section 8.02 and such declaration shall not have been annulled. If annulled or (ii) if the Trustee shall have given a notice of a call for redemption pursuant to Section 4.03 hereof and such notice shall not have been rescinded, the Remarketing Agent shall provide a notice of such redemption to any prospective purchaser of such Bonds upon the remarketing of any Bonds tendered pursuant to Section 5.04 hereof. Nothing in this Section is intended to limit secondary trading or transfer of the Bonds.

Appears in 1 contract

Samples: Trust Indenture (Piercing Pagoda Inc)

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No Purchases or Sales After Certain Defaults. Anything in this Indenture to the contrary notwithstanding, there shall be no purchases or sales of Bonds pursuant to Section 5.04 (i) if there shall have occurred any Event of Default in respect of which the principal of all Bonds Outstanding outstanding shall have been declared immediately due and payable pursuant to Section 8.02 and such declaration shall not have been annulled. If , or (ii) if the Trustee shall have given a notice of a call for redemption pursuant to Section 4.03 hereof and such notice shall not have been rescinded, the Remarketing Agent shall provide a notice of such redemption to any prospective purchaser of such Bonds upon the remarketing of any Bonds tendered pursuant to Section 5.04 hereof. Nothing in this Section is intended to limit secondary trading or transfer of the Bonds.

Appears in 1 contract

Samples: Loan Agreement (Gateway Trade Center Inc.)

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