Common use of Solicitation of Holders Clause in Contracts

Solicitation of Holders. So long as there are any Notes outstanding, the Constituent Companies will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement or the Notes unless each holder of Notes (irrespective of the amount of Notes then owned by it) shall be informed thereof by the Constituent Companies and shall be afforded the opportunity of considering the same and shall be supplied by the Constituent Companies with sufficient information to enable it to make an informed decision with respect thereto. The Constituent Companies will not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of Notes as consideration for or as an inducement to entering into by any holder of Notes of any waiver or amendment of any of the terms and provisions of this Agreement or the Notes unless such remuneration is concurrently offered, on the same terms, ratably to the holders of all Notes then outstanding. Promptly and in any event within 30 days of the date of execution and delivery of any such waiver or amendment, the Constituent Companies shall provide a true, correct and complete copy thereof to each of the holders of the Notes.

Appears in 2 contracts

Samples: Note Agreement (Unitog Co), Note Agreement (Unitog Co)

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Solicitation of Holders. So long as there are any Notes outstanding, the Constituent Companies Company will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement or the Notes unless each holder of Notes (irrespective of the amount of Notes then owned by it) shall be informed thereof by the Constituent Companies Company and shall be afforded the opportunity of considering the same and shall be supplied by the Constituent Companies Company with sufficient such information as the Company reasonably believes would be necessary to enable it each holder to make an informed decision with respect thereto. The Constituent Companies Company will not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of Notes as consideration for or as an inducement to entering into by any holder of Notes of any waiver or amendment of any of the terms and provisions of this Agreement or the Notes unless such remuneration is concurrently offered, on the same terms, ratably to the holders of all Notes then outstanding. Promptly and in any event within 30 days of the date of execution and delivery of any such waiver or amendment, the Constituent Companies Company shall provide a true, correct and complete copy thereof to each of the holders of the Notes.

Appears in 1 contract

Samples: Note Agreement (Russell Corp)

Solicitation of Holders. So long as there are any Notes outstanding, the Constituent Companies Company will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement or the Notes unless each holder of Notes (irrespective of the amount of Notes then owned by it) shall be informed thereof by the Constituent Companies Company and shall be afforded the opportunity of considering the same and shall be supplied by the Constituent Companies Company with sufficient information to enable it to make an informed decision with respect thereto. The Constituent Companies Company will not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of Notes as consideration for or as an inducement to entering into by any holder of Notes of any waiver or amendment of any of the terms and provisions of this Agreement or the Notes Notes, unless such remuneration is concurrently offeredoffered and paid, on the same terms, ratably to the holders of all Notes then outstanding, regardless of whether each such holder has consented to such waiver or amendment. Promptly and in any event within 30 days of the date of execution and delivery of any such waiver or amendment, the Constituent Companies Company shall provide a true, correct and complete copy thereof to each of the holders of the Notes.

Appears in 1 contract

Samples: Note Agreement (Wolverine World Wide Inc /De/)

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Solicitation of Holders. So long as there any outstanding Debentures are any Notes outstandingowned by you, the Constituent Companies Company will ----------------------- not directly or indirectly solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement Agreement, or the Notes Debentures unless each holder of Notes the Debentures (irrespective of the amount of Notes Debentures then owned by it) shall be informed thereof by the Constituent Companies Company and shall be afforded the opportunity of considering the same and shall be supplied by the Constituent Companies Company with sufficient information to enable it to make an informed decision with respect thereto. Executed or true and correct copies of any waiver or consent effected pursuant to the provisions of this Section 11.5 shall be delivered by the Company to each holder of outstanding Debentures forthwith following the date on which the same shall have been executed and delivered by the holder or holders of the requisite percentage of outstanding Debentures. The Constituent Companies Company will not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of Notes the Debentures as consideration for or as an inducement to the entering into by any such holder of Notes of any waiver or amendment of any of the terms and provisions of this Agreement or the Notes Debentures unless such remuneration is concurrently offeredpaid, on the same terms, ratably to the holders of all Notes of the Debentures then outstanding. Promptly and in any event within 30 days of the date of execution and delivery of any such waiver or amendment, the Constituent Companies shall provide a true, correct and complete copy thereof to each of the holders of the Notes.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Public Service Co of North Carolina Inc)

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