Delivery of Proceeds. The proceeds to be delivered on the Closing Date (as defined in Section 4 hereof) in the aggregate amount of $75,000,000 (less the expenses of Highbridge International LLC (the "LEAD PURCHASER") payable pursuant to Section 6(b) hereof, as set forth on a schedule to be provided by the Lead Purchaser to the Company prior to the Closing) shall be used only to satisfy the payment obligations arising from the acceleration of the Company's 1.25% Convertible Senior Subordinated Debentures due April 1, 2024, which satisfaction shall be effective simultaneously with the Closing.
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Sources: Purchase Agreement (Impax Laboratories Inc), Purchase Agreement (Impax Laboratories Inc)
Delivery of Proceeds. The proceeds to be delivered on the Closing Date (as defined in Section 4 hereof) in the aggregate amount of $75,000,000 (less the expenses of Highbridge International LLC (the "“LEAD PURCHASER"”) payable pursuant to Section 6(b) hereof, as set forth on a schedule to be provided by the Lead Purchaser to the Company prior to the Closing) shall be used only to satisfy the payment obligations arising from the acceleration of the Company's ’s 1.25% Convertible Senior Subordinated Debentures due April 1, 2024, which satisfaction shall be effective simultaneously with the Closing.
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