Common use of Effect of Repurchase Notice Clause in Contracts

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security. The Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Repurchase Date with respect to such Security (provided the conditions in Section 14.1 have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 14.1. Securities in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 2 contracts

Sources: Indenture (American Tower Corp /Ma/), Indenture (American Tower Corp /Ma/)

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security 2037 Note in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security2037 Note. The Such Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Repurchase Date with respect to such Security 2037 Note (provided the conditions in Section 14.1 12.01 have been satisfied) and (y) the time of book-entry transfer or delivery of such Security 2037 Note to the Paying Agent by the Holder thereof in the manner required by Section 14.112.01. Securities 2037 Notes in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve Eleven hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Fourparagraph.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Transocean Inc), Supplemental Indenture (Transocean Inc)

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the a Repurchase Notice, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price Price, together with accrued but unpaid interest (including Additional Interest, if any) thereon, to but not including the Repurchase Date with respect to such Security. The Such Repurchase Price Price, together with accrued but unpaid interest (including Additional Interest, if any) thereon, to but not including the Repurchase Date shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Repurchase Date with respect to such Security (provided that the conditions in Section 14.1 13.1 have been satisfied) and (y) the time of delivery or book-entry transfer of such Security to the Paying Agent by the Holder thereof in the manner required by Section 14.113.1. Securities in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve XII hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 1 contract

Sources: Indenture (Privatebancorp, Inc)

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security. The Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent, promptly following the later of (x) the Repurchase Date with respect to such Security (provided the conditions in Section 14.1 have been satisfied) and (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 14.1. Securities in respect of which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal Issue Price of and accrued Original Discount on Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 1 contract

Sources: Indenture (American Tower Corp /Ma/)

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice, the Holder of the Security 2020 Debenture in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Repurchase Price with respect to such Security2020 Debenture. The Such Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities Common Stock by the Paying Agent, promptly following the later of (x) the Repurchase Date with respect to such Security 2020 Debenture (provided the conditions in Section 14.1 1501 have been satisfied) and (y) the time of delivery of such Security 2020 Debenture to the Paying Agent by the Holder thereof in the manner required by Section 14.11501. Securities 2020 Debentures in respect of 48 52 which a Repurchase Notice has been given by the Holder thereof may not be converted pursuant to Article Twelve Fourteen hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn as specified in the following two paragraphs. The principal of Securities payable as the Repurchase Price on the Repurchase Date shall be considered to be principal due on such date for purposes of this Indenture, including Article Four.

Appears in 1 contract

Sources: Second Supplemental Indenture (Diamond Offshore Drilling Inc)