Loss Proceeds Offer definition
Examples of Loss Proceeds Offer in a sentence
To the extent that the aggregate amount of Notes tendered pursuant to a Loss Proceeds Offer is less than the Loss Proceeds Offer Amount, the Company may apply any remaining Net Loss Proceeds to any purpose consistent with the Indenture and, following the consummation of each Loss Proceeds Offer, the Loss Proceeds Offer Amount shall be reset to zero.
Notwithstanding anything to the contrary in the foregoing, the Company may commence a Loss Proceeds Offer prior to the expiration of 270 days after the occurrence of an Event of Loss.
Upon completion of each Excess Loss Proceeds Offer, the amount of Excess Loss Proceeds will be reset at zero.
Notwithstanding anything to the contrary in the foregoing, the Company may commence a Loss Proceeds Offer prior to the expiration of 360 days after the occurrence of an Event of Loss.
The notice shall contain all instructions and materials necessary to enable such Holders to tender Securities, pursuant to the Asset Sale Offer or the Loss Proceeds Offer, as applicable.
Notwithstanding anything to the contrary in the foregoing, the Issuers may commence a Loss Proceeds Offer prior to the expiration of 270 days after the occurrence of an Event of Loss.
If the Purchase Date is on or after a Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest shall be paid to the Person in whose name a Security is registered at the close of business on such Record Date, and no additional interest shall be payable to Holders who tender Securities pursuant to the Asset Sale Offer or the Loss Proceeds Offer, as applicable.
Upon the commencement of an Asset Sale Offer or Loss Proceeds Offer, the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders.
An Asset Sale Offer or Loss Proceeds Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”).
If any Excess Loss Proceeds remain after the consummation of any Loss Proceeds Offer, the Issuers may use those Excess Loss Proceeds for any purpose not otherwise prohibited by this Indenture.