Common use of Right to Require Purchase Clause in Contracts

Right to Require Purchase. (a) Unless a Remarketing Reset Event occurs, each Holder has the right to require the Company to purchase all or a portion of the Securities held by such Holder on December 1, 2006, 2008, 2013, 2018, 2023, and 2028, or if any such day is not a Business Day, on the immediately succeeding Business Day (each, a "Purchase Date"), if the Securities are not immediately convertible into Common Stock on such Purchase Date. (b) The Company shall give notice of each Purchase Date and of the procedures set forth in Section 12.02 that each Holder must follow to exercise its purchase right to each Holder at its address set forth in the Security Register and to the Depositary, not later than 20 Business Days prior to each Purchase Date.

Right to Require Purchase. (a) Unless a Remarketing Reset Event occurs, each Holder has the right to require the Company to purchase all or a portion of the Securities held by such Holder on December May 1, 2006, 2008, 2013, 2018, 2023, and 2028, or if any such day is not a Business Day, on the immediately succeeding Business Day (each, a "Purchase Date"), if the Securities are not immediately convertible into Common Stock on such Purchase Date. (b) The Company shall give notice of each Purchase Date and of the procedures set forth in Section 12.02 that each Holder must follow to exercise its purchase right to each Holder at its address set forth in the Security Register and to the Depositary, not later than 20 21 Business Days prior to each Purchase Date.