Common use of Procedure upon Purchase Clause in Contracts

Procedure upon Purchase. On or before the Purchase Date, the ----------------------- Company shall deposit cash (in respect of a cash purchase under Section 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 3.11, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 3.08. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive 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 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 3.08(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 2 contracts

Samples: Indenture (Merrill Lynch & Co Inc), Indenture (Merrill Lynch & Co Inc)

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Procedure upon Purchase. On or before the Purchase Date, the ----------------------- The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c) or for fractional interests, 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 3.11, sufficient to pay the aggregate Purchase Price of of, and any accrued and unpaid contingent interest with respect to all Securities to be purchased pursuant to this Section 3.08. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive 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 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 3.08(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 2 contracts

Samples: Indenture (Mesa Air Group Inc), Indenture (Mesa Air Group Inc)

Procedure upon Purchase. On or before the Purchase Date, the ----------------------- The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c) or for fractional interestsinterests or contingent interest, as applicable) or shares of Common Stock, or a combination thereof, as applicable, at the time and in the manner as provided in Section 3.11, sufficient to pay the aggregate Purchase Price of of, and any accrued and unpaid semiannual and contingent interest with respect to, all Securities to be purchased pursuant to this Section 3.08. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive 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 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 3.08(d), no No payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Indenture (Franklin Resources Inc)

Procedure upon Purchase. On or before the Purchase Date, the ----------------------- The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c) or for fractional interests, 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 3.11, sufficient to pay the aggregate Purchase Price of of, and any accrued and unpaid interest with respect to all Securities to be purchased pursuant to this Section 3.08. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive 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 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 3.08(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Indenture (Dri I Inc)

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Procedure upon Purchase. On or before the Purchase Date, the ----------------------- The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c15.02(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 3.1115.06, sufficient to pay the aggregate Change in Control Purchase Price of all Securities to be purchased pursuant to this Section 3.0815.02. As soon as practicable after the Change in Control Purchase Date, the Company shall deliver to each Holder holder entitled to receive Common Stock through the Paying Agent, a certificate (or other evidence of ownership) for the number of full shares of Common Stock issuable in payment of the Change in Control Purchase Price and cash in lieu of any fractional interests. The person in whose name the certificate for Common Stock is registered shall be treated as a holder of record of shares of Common Stock on the Business Day following the Change in Control Purchase Date. Subject to Section 3.08(d), no No payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Change in Control Purchase Date.

Appears in 1 contract

Samples: Indenture (Xerox Corp)

Procedure upon Purchase. On or before the Purchase Date, the ----------------------- The Company shall deposit cash (in respect of a cash purchase purchases under this Section 3.08(c) 3.07 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 3.113.10, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 3.083.07. As soon as practicable after the Purchase Date, the Company shall deliver to each Holder entitled to receive Common Stock through the Paying Agent, a certificate for for, or book-entry interest in, 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 (or global certificate, if the Common Stock is registered in book-entry form) for the Common Stock is registered shall be treated as a holder of record of shares of the Common Stock on the Business Day following the Purchase Date. Subject to Section 3.08(d), no No payment or adjustment will be made for dividends on the Common Stock on the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Indenture (Manpower Inc /Wi/)

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