Common use of Effect of Repurchase Notice Clause in Contracts

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice specified in Section 3.08, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is validly withdrawn) thereafter be entitled to receive solely the Repurchase Price with respect to such Security. 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 (provided the Holder has satisfied the conditions in Section 3.08) and

Appears in 1 contract

Sources: Indenture (Palm Harbor Homes Inc /Fl/)

Effect of Repurchase Notice. Upon receipt by the Paying Agent of the Repurchase Notice specified in Section 3.08, the Holder of the Security in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is validly withdrawn) thereafter be entitled to receive solely the Repurchase Price with respect to such Security. 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 (provided the Holder has satisfied the conditions in Section 3.08) andand (y) the time of delivery of such Security to the Paying Agent by the Holder thereof in the manner required by Section 3.

Appears in 1 contract

Sources: Indenture (Avatar Holdings Inc)

Effect of Repurchase Notice. Upon receipt by the Paying Agent Company of the Repurchase Notice specified in Section 3.083.10(c), the Holder of the Security Note in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is validly withdrawnwithdrawn as specified in Section 3.12) thereafter be entitled to receive solely the Repurchase Price with respect to such SecurityNote. Such Repurchase Price shall be paid to such Holder, subject to receipt receipts of funds cash and/or Securities securities by the Paying Agent, promptly following the later of (xa) the Repurchase Date with respect to such Security security (provided the Holder has satisfied the conditions in Section 3.083.10(c) andhave been satisfied) and (b) the time of delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 3.10(c).

Appears in 1 contract

Sources: Indenture (Hercules Inc)