Common use of OFFER TO PURCHASE NOTES AND BOOK-ENTRY INTERESTS Clause in Contracts

OFFER TO PURCHASE NOTES AND BOOK-ENTRY INTERESTS. Upon receipt by the Book-Entry Depositary as Holder of the Global Note of a notice of redemption of the Notes pursuant to the Indenture, the Book-Entry Depositary will forward such notice of redemption to the applicable Depositary with any additional instructions applicable to owners of Book-Entry Interests. Upon notice by the applicable Depositary of the principal amount of Book-Entry Interests tendered for purchase in response to such notice of redemption, the Book-Entry Depositary will cause the Note Custodian to surrender the applicable Global Note in accordance with the instructions set forth in the notice of redemption, indicating the portion of the principal amount of the Global Note that is being tendered for purchase pursuant to the notice of redemption. Upon receipt of any payment resulting from the notice of redemption, the Book-Entry Depositary shall pay any amounts received to the applicable Depositary, indicate the principal amount of the Global Note reduced by the Trustee in connection with the notice of redemption and notify such Depositary of a corresponding reduction in the principal amount of the applicable Certificated Depositary Interest.

Appears in 3 contracts

Samples: Euro Deposit and Custody Agreement (JSG Acquisitions I), Euro Deposit and Custody Agreement (MDCP Acquisitions I), Deposit and Custody Agreement (MDCP Acquisitions I)

AutoNDA by SimpleDocs

OFFER TO PURCHASE NOTES AND BOOK-ENTRY INTERESTS. Upon receipt by the Book-Entry Depositary as Holder of the Global Note of a notice of redemption of the Notes pursuant to the Indenture, the Book-Entry Depositary will forward such notice of redemption to the applicable Depositary with any additional instructions applicable to owners of Book-Entry Interests. Upon notice by the applicable Depositary of the principal amount of Book-Entry Interests tendered for purchase in response to such notice of redemption, the Book-Entry Depositary will cause the Note Custodian to surrender the applicable Global Note in accordance with the instructions set forth in the notice of redemption, indicating the portion of the principal amount of the Global Note that is being tendered for purchase pursuant to the notice of redemption. Upon receipt of any payment resulting from the notice of redemption, the Book-Entry Depositary shall pay any amounts received to the applicable Depositary, indicate the principal amount of the Global Note reduced by the Trustee in connection with the notice of redemption and notify such the Depositary of a corresponding reduction in the principal amount of the applicable Certificated Certificateless Depositary Interest.

Appears in 3 contracts

Samples: Dollar Deposit and Custody Agreement (JSG Acquisitions I), Dollar Deposit and Custody Agreement (MDCP Acquisitions I), Deposit and Custody Agreement (MDCP Acquisitions I)

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