Common use of Repurchase Offer Clause in Contracts

Repurchase Offer. (a) In the event that, pursuant to Section 4.09 hereof, the Company shall commence a Repurchase Offer, the Company shall follow the procedures in this Section 13.01. (b) The Repurchase Offer shall remain open for a period specified by the Company which shall be no less than 30 calendar days and no more than 40 calendar days prior to the Repurchase Payment Date, except to the extent that a longer period is required by applicable law. The first day of such period is referred to as the “Repurchase Commencement Date.” On the Repurchase Payment Date the Company shall purchase the principal amount of any Securities required to be purchased pursuant to Section 4.09 hereof (the “Repurchase Offer Amount”). (c) If the Repurchase Payment Date is on or after an interest payment record date and on or before the related interest payment date, any accrued interest, to the related interest payment date, will be paid to the person in whose name a Security is registered at the close of business on such record date, and no additional interest, will be payable to Securityholders who tender Securities pursuant to the Repurchase Offer.

Repurchase Offer. (a) In the event that, pursuant to Section 4.09 hereof, the Company shall commence a Repurchase Offer, the Company shall follow the procedures in this Section 13.01. (b) The Repurchase Offer shall remain open for a period specified by the Company which shall be no less than 30 calendar days and no more than 40 calendar days prior to the Repurchase Payment Date, except to the extent that a longer period is required by applicable law. The first day of such period is referred to as the “"Repurchase Commencement Date.” ". On the Repurchase Payment Date the Company shall purchase the principal amount of any Securities required to be purchased pursuant to Section 4.09 hereof (the “"Repurchase Offer Amount”"). (c) If the Repurchase Payment Date is on or after an interest payment record date and on or before the related interest payment date, any accrued interest, to the related interest payment date, date will be paid to the person in whose name a Security is registered at the close of business on such record date, and no additional interest, will be payable to Securityholders who tender Securities pursuant to the Repurchase Offer.