Examples of Put Repurchase Date in a sentence
Notwithstanding anything herein to the contrary, there shall be no purchase of any Notes pursuant to this Section 11.08 if the Accreted Principal Amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to the Optional Put Repurchase Date (except in the case of an Event of Default resulting from a default by the Company in the payment of the Optional Put Repurchase Price with respect to such Notes).
Such Optional Put Repurchase Price shall be paid to such Holder, subject to receipt of cash by the Paying Agent from the Company, on the later of (1) the Optional Put Repurchase Date with respect to such Note (provided the conditions in Section 11.08(a)(iii) have been satisfied) and (2) the time of book-entry transfer or delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 11.08(a)(iii).
In order to accept such offered repurchase, a holder of Purchaser Shares shall cause a notice of such acceptance to be delivered to the Parent at least five (5) days prior to the Put Repurchase Date, specifying the number of Purchaser Shares (which shall not exceed the Proportionate Number with respect to such holder) which such holder is electing to have the Parent repurchase.
On or before the twenty-third (23rd) Business Day prior to each Put Repurchase Date, the Company shall provide to the Trustee, the Paying Agent and to all Holders at their respective addresses as shown on the Register, and to beneficial owners of the Securities where required by applicable law, a notice as provided in the Indenture.
If the Parent shall not have received a written response to such notice from any holder of Purchaser Shares within ten (10) Business Days prior to the Put Repurchase Date, then the Parent shall immediately send a second notice to each such holder of Purchaser Shares.
The Optional Put Repurchase Date is an “Interest Payment Date” under the terms of the Notes.
In accordance with the Indenture, at the option of each holder of the Notes, the Company will pay, in cash, a repurchase price (the “Optional Put Repurchase Price”) equal to 100% of the original principal amount of the Notes together with the full amount of accrued and unpaid interest thereon, if any, to (but excluding) the Optional Put Repurchase Date (as defined below), subject to the terms and conditions of the Indenture, the Notes, this Company Notice and other offer materials.
Such other Holders of Warrant or Warrant Stock will then have the right, to be exercised by providing the Company a written Notice of Put within five (5) business days after receipt of the Company's notice, to require the Company to repurchase all or any portion of such Holders' Warrant or Warrant Stock on the Put Repurchase Date and on the same terms as the Holder who first gave the Notice of Put under Section 9(a)(i).
Such Optional Put Repurchase Price shall be paid to such Holder, subject to receipt of cash by the Paying Agent from the Company, on the later of (i) the Optional Put Repurchase Date with respect to such Note (provided that the conditions in Section 11.08(a)(iii) have been satisfied) and (ii) the time of book-entry transfer or delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 11.08(a)(iii).
Accordingly, interest accrued up to the Optional Put Repurchase Date will be paid on the Interest Payment Date to holders of record at 5:00 p.m., New York City time, on August 15, 2015, and the Company does not expect that there will be accrued and unpaid interest due as part of the Optional Put Repurchase Price.