Termination of Trading definition
Examples of Termination of Trading in a sentence
Upon the occurrence of a Termination of Trading, the Company shall, within 7 days thereafter notify the Trustee and the holders of such Termination of Trading, and within 30 days of a Termination of Trading, make an offer (the “Termination of Trading Offer”) pursuant to the procedures set forth in Section 3.02.
No later than five (5) Business Days (and in any event no later than the 60th day following any Change of Control or Termination of Trading) after the termination of the Offer Period (the “Purchase Date”), the Company shall purchase the Offer Amount or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Offer to Purchase.
Interest will cease to accrue on this Note upon its maturity, conversion, redemption or repurchase by the Company, including repurchase by the Company at the option of a holder upon a Change in Control or Termination of Trading.
Following the Termination of Trading, the Exchange will, on behalf of each Seller and Buyer of a Contract that is not netted, submit a PPEC NYMEX Pool nomination to PPEC by 12:30 p.m. on each Business Day for such Contracts going to physical delivery.
In the event that the Company shall be required to commence an Asset Sale Offer, a Change of Control Offer or a Termination of Trading Offer, the Company shall mail to all holders of record of the Notes a notice which states the terms of such Offer to Purchase, and, in the case of a Change of Control Offer or Termination of Trading Offer, the circumstances and relevant facts regarding such event.