Common use of An Exchange Offer Clause in Contracts

An Exchange Offer. Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the Commission; PROVIDED that, if, after it has been declared effective, the offering of Registrable Notes pursuant to a Shelf Registration Statement is interfered with by any stop order, injunction or other order or requirement of the Commission or any other governmental agency or court, such Registration Statement will be deemed not to have become effective during the period of such interference until the offering of Registrable Notes pursuant to such Registration Statement may legally resume. In the event that either the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective on or prior to April 1, 1997, then the annual interest rate borne by the Notes shall be increased by 0.5% beginning at such time. If either such Exchange Offer is not consummated or such Shelf Registration Statement is not declared effective on or prior to October 1, 1997, then the annual interest rate borne by the Notes shall be increased by an additional 0.5% beginning at such time. Upon consummation of such Exchange Offer or the effectiveness of such Shelf Registration Statement, the interest borne by the Notes will revert to the original rate.

An Exchange Offer. Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the Commission; PROVIDED provided that, if, after it has been declared effective, the offering of Registrable Notes pursuant to a Shelf Registration Statement is interfered with by any stop order, injunction or other order or requirement of the Commission or any other governmental agency or court, such Registration Statement will be deemed not to have become effective during the period of such interference until the offering of Registrable Notes pursuant to such Registration Statement may legally resume. In the event that either the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective on or prior to April 1November 18, 19971998, then the annual interest rate borne by the Notes shall be increased by 0.50.25% beginning at such time. If either such Exchange Offer is not consummated or such Shelf Registration Statement is not declared effective on or prior to October 1February 18, 19971999, then the annual interest rate borne by the Notes shall be increased by an additional 0.50.25% beginning at such time. Upon consummation of such Exchange Offer or the effectiveness of such Shelf Registration Statement, the interest borne by the Notes will revert to the original rate.

An Exchange Offer. Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the Commission; PROVIDED provided that, if, after it has been declared effective, the -------- offering of Registrable Notes pursuant to a Shelf Registration Statement is interfered with by any stop order, injunction or other order or requirement of the Commission or any other governmental agency or court, such Registration Statement will be deemed not to have become effective during the period of such interference until the offering of Registrable Notes pursuant to such Registration Statement may legally resume. In the event that either the Exchange Offer is not consummated or a Shelf Registration Statement is not declared effective on or prior to April 1February 26, 19971998, then the annual interest rate borne by the Notes shall be increased by 0.50.25% beginning at such time. If either such Exchange Offer is not consummated or such Shelf Registration Statement is not declared effective on or prior to October 1May 26, 19971998, then the annual interest rate borne by the Notes shall be increased by an additional 0.50.25% beginning at such time. Upon consummation of such Exchange Offer or the effectiveness of such Shelf Registration Statement, the interest borne by the Notes will revert to the original rate.