Common use of Effect of Deposit Clause in Contracts

Effect of Deposit. If, by 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price or Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice or Optional Put Notice, as applicable, validly delivered in accordance with Section 8.05 hereof and not validly withdrawn in accordance with Section 8.06 hereof, then, at the Close of Business on the Fundamental Change Repurchase Date or Repurchase Date, as applicable: (i) the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and (ii) all other rights of the Holders with respect to such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price or Repurchase Price, as applicable, and previously accrued and unpaid interest, including Additional Interest, if any, upon delivery or transfer of the Notes).

Appears in 2 contracts

Sources: Indenture (Amarin Corp Plc\uk), Indenture (Amarin Corp Plc\uk)

Effect of Deposit. If, by as of 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Company, in accordance with Section 10.06, has deposited with the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price or Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice or Optional Put Notice, as applicable, validly delivered in accordance with Section 8.05 hereof 10.01(b) and not validly withdrawn in accordance with Section 8.06 hereof, then10.02, at the Close close of Business business on the Fundamental Change Repurchase Date or Repurchase Date, as applicable: (i) the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent), except to the extent provided in the proviso to Section 10.01(a); and (ii) all other rights of the Holders of such Notes with respect to such Notes will terminate (other than the right to receive payment of the Fundamental Change Repurchase Price or Repurchase Price, as applicable, and previously accrued and unpaid interest, including Additional Interest, if any, upon delivery or transfer of such Notes and other than as provided in the Notesproviso to Section 10.01(a)) will terminate.

Appears in 1 contract

Sources: First Supplemental Indenture (Ship Finance International LTD)

Effect of Deposit. If, by as of 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Company, in accordance with Section 3.08 hereof, has deposited with the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price or Repurchase Price for every Note all Notes subject to a Fundamental Change Repurchase Notice or Optional Put Notice, as applicable, validly delivered in accordance with Section 8.05 3.03 hereof and not validly withdrawn in accordance with Section 8.06 3.04 hereof, then, at the Close of Business on the Fundamental Change Repurchase Date or Repurchase Date, as applicable: (i1) the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (and no additional Dividend Pass-Through Payment will be made), whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and (ii2) all other rights of the Holders of such Notes with respect to such Notes will terminate (other than the right to receive payment of the Fundamental Change Repurchase Price or Repurchase Price, as applicable, and previously accrued and unpaid interest, including Additional Interest, if any, upon delivery or transfer of such Notes with respect to the Notes)) will terminate.

Appears in 1 contract

Sources: Second Supplemental Indenture (Vector Group LTD)

Effect of Deposit. If, by 10:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price or Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice or Optional Put Notice, as applicable, validly delivered in accordance with Section 8.05 8.4 hereof and not validly withdrawn in accordance with Section 8.06 8.5 hereof, then, at the Close of Business on the Fundamental Change Repurchase Date or Repurchase Date, as applicable: (i) the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and (ii) all other rights of the Holders with respect to such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price or Repurchase Price, as applicable, and previously accrued and unpaid interest, including Additional Interest, if any, upon delivery or transfer of the Notes).

Appears in 1 contract

Sources: Note Purchase Agreement (Amarin Corp Plc\uk)

Effect of Deposit. If, by 10:00 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price or Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice or Optional Put Notice, as applicable, validly delivered in accordance with Section 8.05 hereof and not validly withdrawn in accordance with Section 8.06 hereof, then, at the Close of Business on the Fundamental Change Repurchase Date or Repurchase Date, as applicable: (i) the Notes to be repurchased will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and (ii) all other rights of the Holders with respect to such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price or Repurchase Price, as applicable, and previously accrued and unpaid interest, including Additional Interest, if any, upon delivery or transfer of the Notes).

Appears in 1 contract

Sources: Indenture (Amarin Corp Plc\uk)

Effect of Deposit. If, by 10:00 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date for any Fundamental Change, the Issuer deposits sufficient money with the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price or Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice or Optional Put Notice, as applicable, validly delivered in accordance with Section 8.05 8.03 hereof and not validly withdrawn in accordance with Section 8.06 8.04 hereof, then, at the Close of Business on the Fundamental Change Repurchase Date or Repurchase Date, as applicable: (i) the Notes to be repurchased tendered for repurchase and not withdrawn will cease to be outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and (ii) all other rights of the Holders with respect to such the Notes tendered for repurchase and not withdrawn will terminate (other than the right to receive the Fundamental Change Repurchase Price or Repurchase Price, as applicable, and previously accrued and unpaid interest, including Additional Interest, if any, upon delivery or transfer of the Notes).

Appears in 1 contract

Sources: Indenture (Atlas Corp.)