Common use of Procedure upon Purchase Clause in Contracts

Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchases under this Section 4.01 or for fractional interests, as applicable) or shares of Common Stock, or a combination thereof, as applicable, at the time and in the manner as provided in Section 4.04, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 4.01. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive shares of Common Stock through the Paying Agent, a certificate for the number of full shares of Common Stock issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person in whose name the certificate for the shares of Common Stock is registered shall be treated as a holder of record of Common Stock on the Business Day following the Purchase Date. Subject to Section 4.01(d), no payment or adjustment shall be made for dividends on the shares of Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 4 contracts

Samples: Indenture (Belden CDT Inc.), Indenture (Belden CDT Inc.), Indenture (Cable Design Technologies Corp)

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Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchases purchase under this Section 4.01 3.08(c) or for fractional interests, as applicable) or shares of Common Stock, or a combination thereof, as applicable, at the time and in the manner as provided in Section 4.043.11, sufficient to pay the aggregate Purchase Price of all Securities Notes to be purchased pursuant to this Section 4.013.08. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive shares of Common Stock through the Paying Agent, a certificate for the number of full shares of Common Stock issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person in whose name the certificate for the shares of Common Stock is registered shall be treated as a holder of record of shares of Common Stock on the Business Day following the Purchase Date. Subject to Section 4.01(d3.08(d), no payment or adjustment shall will be made for dividends on the shares of Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Supplemental Indenture (Avaya Inc)

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