Examples of Buyback Notice in a sentence
So long as no Default or Event of Default has occurred and is continuing on both the date a Discounted Buyback Notice (as defined below) is delivered to Agent and Lenders and the date a Discounted Buyback (as defined below) is made (both before and after giving effect thereto), Borrower shall be permitted to make voluntary prepayments of the Term Loans from internally generated funds (each, a “Discounted Buyback”) during the term of this Agreement pursuant to the provisions of this Section 2.7(d).
So long as no Event of Default has occurred and is continuing on both the date a Borrower Buyback Notice (as defined below) is delivered to the Administrative Agent and Lenders and the date a Borrower Buyback (as defined below) is made (both immediately before and after giving effect thereto), Borrower shall be permitted to make voluntary prepayments of Loans at any time and from time to time (each, a “Borrower Buyback”) during the term of this Agreement pursuant to the provisions of this clause (j).
The closing of such Buyback Event shall occur no later than the later of (x) 60 days following the receipt of any regulatory approvals required in connection with such Buyback Right and (y) 60 days following the delivery of a Buyback Notice.
Promptly following receipt by the Subscriber of a Buyback Notice within the Buyback Period, but in any case no later than thirty (30) days from such receipt, (i) the Company shall deliver the purchase price for the Subscribed Shares calculated in accordance with the Buyback Purchase Price by wire transfer of United States dollars in immediately available funds to the account specified by the Subscriber and (ii) the Subscriber shall deliver the Subscribed Shares to the Company in book entry form.
If the Company fails or declines to provide the Buyback Notice within the Buyback Period in accordance with this Section 10(d), the Company shall have no rights to purchase the Subscribed Shares from the Subscriber.