Common use of Rejection; Acceptance Clause in Contracts

Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4E by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4E within 10 Business Days after receipt of such offer shall be deemed to constitute a rejection of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4E with respect to any net proceeds from a sale, lease, transfer or other disposition of assets, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of such sale, lease, transfer or other disposition to the other holders of the Notes.

Appears in 1 contract

Samples: Private Shelf Agreement (Advanced Drainage Systems, Inc.)

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Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4E 4G by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4E 4G within 10 Business Days after receipt of such offer shall be deemed to constitute a rejection of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4E 4G with respect to any net proceeds from the issuance of equity securities by a sale, lease, transfer Transaction Party or other disposition the incurrence of assetscertain Indebtedness permitted by paragraph 6B(xv) hereof, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of receipt of such sale, lease, transfer equity issuance or other disposition Indebtedness proceeds to the other holders of the Notes.

Appears in 1 contract

Samples: Private Shelf Agreement (Advanced Drainage Systems, Inc.)

Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4E 4F by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4E 4F within 10 Business Days after receipt of such offer shall be deemed to constitute a rejection of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4E 4F with respect to any net proceeds from a sale, lease, transfer insurance or other disposition of assetscondemnation proceeds, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of receipt of such sale, lease, transfer insurance or other disposition condemnation proceeds to the other holders of the Notes.

Appears in 1 contract

Samples: Private Shelf Agreement (Advanced Drainage Systems, Inc.)

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Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4E Section 8.4 by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4E within 10 Business Days after receipt of such offer Section 8.4 shall be deemed to constitute a rejection an acceptance of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4E Section 8.4 with respect to any net proceeds Net Proceeds from a sale, lease, transfer or other disposition of assets, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of such sale, lease, transfer or other disposition to the other holders of the Notes.

Appears in 1 contract

Samples: Private Shelf Agreement (Oceaneering International Inc)

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