Payment of the Repurchase Price. (a) Payment of the Repurchase Price for a Note for which a Repurchase Notice has been delivered and not withdrawn is conditioned upon book-entry transfer or delivery of such Note, together with necessary endorsements, to the Paying Agent at the Corporate Trust Office, at any time after delivery of the Repurchase Notice. The Issuer shall pay or deposit funds with the Paying Agent in the amount of the Repurchase Price for the Note on the Trading Day immediately following the Repurchase Date.
(b) If the Paying Agent holds money sufficient to pay the Repurchase Price of the Notes on the Trading Day immediately following the Repurchase Date, then, on and after the Trading Day immediately following the Repurchase Date:
(i) the Notes will cease to be outstanding;
(ii) interest will cease to accrue in respect of any date from and after the Repurchase Date; and
(iii) all other rights of the Holder will terminate, other than the right to receive the Repurchase Price upon delivery of the Notes.
(c) This will be the case whether or not book-entry transfer to the Notes has been made or the Notes have been delivered to the Paying Agent. Installments of interest that mature on or prior to the Repurchase Date shall be payable in cash to the Holders of such Notes registered as such at the close of business on the relevant Regular Record Date.
Payment of the Repurchase Price. The Parties agree that the Company shall pay the Repurchase Price by issuing a convertible promissory note (the “Convertible Promissory Note”) in the form and content as set out in Schedule 1. Upon the issuance of the Convertible Promissory Note, the Repurchase Price shall be deemed to have been fully paid.
Payment of the Repurchase Price. The Repurchase Price for any Shares to be repurchased under any provisions of this Agreement shall be in cash or a cashier's check, or by cancellation of indebtedness owed by the Shareholder to Company or another Shareholder (including purchase money indebtedness), or by any combination of the foregoing.
Payment of the Repurchase Price. Notwithstanding any contrary provision of the Master Repurchase Agreement, the Repurchase Price shall be paid by the Seller to the Buyer by wire transfer in immediately available funds no later than June 16, 2006, at 12:00 noon New York City time.
Payment of the Repurchase Price. (i) In the event a repurchase right shall be exercised in accordance with the terms hereof, the Company shall pay the Repurchase Price in shares of Common Stock (subject to the second proviso below) or in cash, as promptly after the applicable repurchase date as practicable, together with accrued and unpaid interest to, but excluding, the repurchase date with respect to the Notes as to which the repurchase right has been exercised; provided, however, that installments of interest that mature prior to or on the applicable repurchase date shall be payable in cash to the Holders of such Notes, or one or more Predecessor Notes, registered as such at the close of business on the relevant Regular Record Date; and further provided, that with respect to any repurchase pursuant to Section 11(b) above, the Company may, at its option, pay the applicable Repurchase Price in respect of any or all of the Notes being repurchased, by issuance of shares of Common Stock, subject to Section 14, valued, for purposes thereof, at ninety (90%) percent of the volume-weighted average Trading Price of the Common Stock for the ten (10) Trading Days ending one (1) Trading Day prior to the subject Periodic Repurchase Date (and in the event that the Company elects to pay any such Repurchase Price through the issuance of shares of Common Stock, the Company shall deliver to the subject Holder the certificate representing such shares of Common Stock on or within one (1) Business Day following the subject Periodic Repurchase Date, accompanied by a reasonably detailed calculation setting forth the manner in which such number of shares was calculated), provided that the Company’s right to pay such Repurchase Price in shares of Common Stock is subject to such shares, (A) upon issuance, being fully paid, nonassessable and free of preemptive and similar rights, (B) being registered for original issuance or resale with the Securities and Exchange Commission under the Securities Act and the Exchange Act, (C) satisfying the requirements of state securities laws for qualification, registration or an exemption from any registration requirement and (D) being available to be traded on the Nasdaq Capital Market or another Eligible Market on which the Common Stock is then traded. If the Company determines to pay the Repurchase Price in shares of Common Stock, the Company shall promptly file a Current Report on Form 8-K reporting such determination.
(ii) If any Note (or portion thereof) surrendered for r...
Payment of the Repurchase Price may not be made in Common Stock unless such stock is, or shall have been, listed on a national securities exchange or approved for quotation on the Nasdaq National Market System, in either case, prior to the Repurchase Date; and
Payment of the Repurchase Price. The Repurchase Price shall be paid by the Company to the Selling Shareholder by wire transfer of immediately available funds, to the Selling Shareholder’s bank account designated in writing by such Selling Shareholder, on a date after the Closing as designated by the Selling Shareholder.
Payment of the Repurchase Price. BENE or the Target Company shall pay the repurchase price within 30 business days after the receipt of the notice for the exercise of the Option.
Payment of the Repurchase Price. (a)Receipt by the Purchaser of the Repurchase Price. Letterhead of the Purchaser/Transaction Administrator] [Place], [Date] To the attention of [] By registered mail [Name of the Depository Bank] [Address of the Depository Bank] Dear Sirs, Dear Sirs, We make reference to the deed of pledge executed on [*] between Vetriceramici S.r.l., a limited liability company (società a responsabilità limitata) organised under the laws of Italy, having its registered office at Xxx Xxxxxxxxx 000/140 CAP, 41042, Fiorano Modenese (MO), Italy, registered with the Companies’ Register of Modena under number 03590630368 (formerly Vetriceramici-Ferro S.p.A) (“Vetriceramici”) and ING Belgique SA/NV, a credit institution incorporated under the laws of Belgium having its statutory seat at avenue Xxxxxx 00, 0000 Xxxxxxxx, Xxxxxxx, registered with the register of legal entities under number 0403.200.393 (as secured creditor) (“ING Belgique”) by virtue of which Vetriceramici created a pledge in favor of ING Belgique (the “Pledge”) over the balance of the bank account IBAN N. [*] opened by Vetriceramici with [details of the depository bank to be included herein] (the “Bank Account”) to secure the obligations of Vetriceramici arising from a certain receivables purchase and services agreement dated 5 December 2018, as amended and restated from time to time (the “RPSA”).
Payment of the Repurchase Price. Without limiting the Company’s obligation to deposit the Repurchase Price within the time proscribed by Section 3.01(B), the Company will cause the Repurchase Price for a Note (or portion thereof) to be repurchased pursuant to a Repurchase to be paid to the Holder thereof on or before the later of (i) the Repurchase Date; and (ii) the date (x) such Note is delivered to the Paying Agent (in the case of a Physical Note) or (y) the Depositary Procedures relating to the repurchase, and the delivery to the Paying Agent, of such Holder’s beneficial interest in such Note to be repurchased are complied with (in the case of a Global Note). For the avoidance of doubt, interest payable pursuant to the proviso to Section 4.02(C) on any Note to be repurchased pursuant to a Repurchase must be paid pursuant to such proviso regardless of whether such Note is delivered or such Depositary Procedures are complied with pursuant to the first sentence of this Section 4.02(F).
