Common use of Securities Not Repurchased on Repurchase Date Clause in Contracts

Securities Not Repurchased on Repurchase Date. If any Security surrendered for repurchase shall not be so paid on the Repurchase Date, the principal shall, until paid, bear interest to the extent permitted by applicable law from the Repurchase Date at the rate per annum borne by such Security.

Appears in 15 contracts

Samples: Purchase Agreement (World Airways Inc /De/), Indenture (Fuisz Technologies LTD), Indenture (American Residential Services Inc)

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Securities Not Repurchased on Repurchase Date. If any Security surrendered for repurchase shall not be so paid on the Repurchase Date, the principal of such Security shall, until paid, bear interest to the extent permitted by applicable law from the Repurchase Date at the a rate per annum borne by such Security.

Appears in 10 contracts

Samples: Indenture (Sirius Satellite Radio Inc), Indenture (Human Genome Sciences Inc), Indenture (Activision Inc /Ny)

Securities Not Repurchased on Repurchase Date. If Interest on any Security surrendered for repurchase shall not be so paid on cease to accrue from and after the Repurchase Date unless the Company shall default in the payment of any such Security at the purchase price, together with interest accrued thereon to the Repurchase Date, the principal shall, until paid, bear interest to the extent permitted by applicable law from the Repurchase Date at the rate per annum borne by such Security.

Appears in 7 contracts

Samples: Indenture (Converse Inc), Indenture (Kent Electronics Corp), Indenture (Kent Electronics Corp)

Securities Not Repurchased on Repurchase Date. If the Repurchase Price of any Security surrendered for repurchase shall not be so paid on the Repurchase DateDate therefor, the principal shall, until paid, bear interest to the extent permitted by applicable law from the that Repurchase Date at the rate per annum borne by such that Security.

Appears in 3 contracts

Samples: Indenture (American Residential Services Inc), Indenture (Innovative Valve Technologies Inc), Indenture (American Residential Services Inc)

Securities Not Repurchased on Repurchase Date. If any Security surrendered for repurchase shall not be so paid on the Repurchase Date, the principal and any overdue interest thereon shall, until paid, bear interest to the extent permitted by applicable law from the Repurchase Date at the a rate per annum borne by such Security, and such Security shall remain convertible until the principal thereof shall have been paid or duly provided for.

Appears in 1 contract

Samples: Indenture (Offshore Logistics Inc)

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Securities Not Repurchased on Repurchase Date. 91 If any Security surrendered for repurchase shall not be so paid on the Repurchase Date, the principal shall, until paid, bear interest to the extent permitted by applicable law from the Repurchase Date at the rate per annum borne by such Security.

Appears in 1 contract

Samples: Indenture (Speedway Motorsports Inc)

Securities Not Repurchased on Repurchase Date. If any Security surrendered for repurchase shall not be so paid on the Repurchase Date, the principal such Security shall, until paid, continue to bear interest to the extent permitted by applicable law from the Repurchase Date at the same rate per annum borne by the Security. The Company shall pay to the Holder of such SecuritySecurity the additional amounts provided for in this Section 1404 at the same time it pays the Repurchase Price. Each Security shall remain convertible into Common Stock until the Repurchase Price plus any additional amounts owing on such Security shall have been paid or duly provided for.

Appears in 1 contract

Samples: Indenture (Dimon Inc)

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