Reinstatement Date Clause Samples

Reinstatement Date. If the Obligors fail to tender to any Purchaser the Accepted Notes to be purchased by such Purchaser on the scheduled Closing Date for such Accepted Notes as provided in Section 3.1, or any of the conditions specified in Section 4 shall not have been fulfilled by 2:00 p.m., Chicago time, on the Business Day prior to such scheduled Closing Date, the Company shall, prior to 2:00 p.m., Chicago time, on the Business Day prior to such scheduled Closing Date notify AIG (which notification shall be deemed received by each Purchaser) in writing whether (i) such closing is to be rescheduled (such rescheduled date to be a Business Day during the Issuance Period not less than one Business Day and not more than ten Business Days after such scheduled Closing Date (the “Rescheduled Closing Date”)) and certify to AIG (which certification shall be for the benefit of each Purchaser) that the Company reasonably believes that it will be able to comply with the conditions set forth in Section 4 on such Rescheduled Closing Date and that the Company will pay the Delayed Delivery Fee in accordance with Section 2.3(b) or (ii) such Closing is to be canceled and certify that the Company will pay the Cancellation Fee in accordance with Section 2.3(c). In the event that the Issuer shall fail to give such notice referred to in the preceding sentence, AIG (on behalf of each Purchaser) may at its election, at any time after 2:00 p.m., Chicago time, on the Business Day prior to such scheduled Closing Date, notify the Obligors in writing that such closing is to be canceled. If the Obligors Lincoln Electric Holdings, Inc. Uncommitted Master Shelf Facility fail to provide notice of delay or cancellation or any of the conditions specified in Section 4 shall not have been fulfilled by 2:00 p.m., Chicago time, on the Business Day prior to such scheduled Closing Date, nothing herein shall obligate the Purchasers to purchase the Notes. Notwithstanding anything to the contrary in this Agreement, the Company may not elect to delay a closing with respect to any Accepted Note on more than one (1) occasion, unless each Purchaser shall have otherwise agreed in writing.

Reinstatement Date. Cause the Reinstatement Date to occur on or prior to December 31, 2016.