Examples of Initial Repurchase Date in a sentence
To the extent that an alleged breach is curable by the payment of money and the amount of such payment, had it been made by Purchaser prior to the Initial Repurchase Date, would have been includable (but was not included) as an advance when calculating the Repurchase Price, such amount shall be paid by HUD (without reimbursement from Purchaser).
Thereafter, as of the last calendar day of each calendar quarter (together with the Initial Repurchase Date, each a “Repurchase Date”), the Company may offer, and such Member may submit a request for, the Company to repurchase all or any portion of such Member’s Units that are attributable to such Capital Commitment, subject to the limitations set forth in this Agreement.
Notice of a breach of a representation or warranty made by Purchaser in Section 3.05(b) with respect to a repurchased Mortgage Loan must be made, in writing and delivered to Purchaser, within three (3) months after the Initial Repurchase Date for such Mortgage Loan.
Upon consummation of the Offering (the "Initial Repurchase Date"), each of the LLC and the Initial Investors hereby sells, transfers and assigns to the Company, and the Company hereby purchases from the LLC and such Initial Investor, free and clear of all liens, claims, security interests, pledges, charges, equities, options, restrictions and encumbrances, the number of shares of Class B Common Stock set forth opposite the LLC's and such Initial Investor's name on Exhibit B.
At such time, the Corporation shall also deposit irrevocable instruction and authority to such bank or trust company to pay, on or after the Initial Repurchase Date, the deposited Repurchase Price, if any, to the respective holders of the shares of each such share of Series C and Series D and Series E Preferred Stock to be redeemed in accordance with this Section 3.
Not less than three (3) days prior to the Initial Repurchase Date, the Corporation shall deposit from funds legally available therefor, if any, the Repurchase Price for each share of the Series C and/or Series D and/or Series E Preferred Stock to be repurchased with a bank or trust company having aggregate capital and surplus in excess of Twenty Million Dollars ($20,000,000) as a trust fund for the benefit of the holders of the shares to be redeemed.
In order to exercise their respective rights under this Section 3(b)(ii), the requisite holders of Series C and/or Series D and/or Series E Preferred Stock shall mail a repurchase request to the principal executive office of the Corporation which shall be received by the Corporation at least twenty (20) days but no more than sixty (60) days prior to April 30, 2007 (the "Initial Repurchase Date").
Holder hereby (1) agrees to forbear from exercising its Initial Repurchase Right under the Notes and Indenture with respect to the Initial Repurchase Date and agrees to not require the Company to repurchase its Notes on the Initial Repurchase Date, and (2) waives any Defaults or Events of Default arising out of any such failure to make payment under the June 16, 2008 installment provided for in Section 3.08 of the Indenture and reserves all other rights.
Nortel Note Purchase Agreement 32 adverse in any material respect to the Company and would not modify the rate or payment terms, stated maturity or Initial Repurchase Date of the Notes.
The purchase price for the Existing Securities shall be delivered to the Stockholders promptly following the Initial Repurchase Date or any subsequent repurchase date, by wire transfer of immediately available funds, to the bank account(s) provided to B&G Foods by such Stockholders or by check.