Common use of No Purchase Upon Event of Default Clause in Contracts

No Purchase Upon Event of Default. There shall be no purchase of any Securities pursuant to this ARTICLE IV if there has occurred (prior to, on or after, as the case may be, the giving by each of the Holders of such Notes of the required Purchase Notice but, in any event, prior to the applicable Purchase Date) and is continuing, as of such Purchase Date, an Event of Default (other than a default in the payment of the Purchase Price with respect to such Notes). The Paying Agent shall promptly return to the respective Holders thereof any Notes (a) with respect to which a Purchase Notice has been delivered in compliance with this Indenture, or (b) held by it during the continuance of an Event of Default (other than a default in the payment of the Purchase Price with respect to such Notes), in which case, upon such return, the Purchase Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 3 contracts

Sources: Indenture (CTS Corp), Indenture (Comtech Telecommunications Corp /De/), Indenture (Willbros Group Inc)

No Purchase Upon Event of Default. There shall be no purchase of any Securities Notes pursuant to this ARTICLE IV if there has occurred (prior to, on or after, as the case may be, the giving by each of the Holders of such Notes of the required Purchase Notice but, in any event, prior to the applicable Purchase Date) and is continuing, as of such Purchase Date, an Event of Default (other than a default in the payment of the Purchase Price with respect to such Notes). The Paying Agent shall promptly return to the respective Holders thereof any Notes (a) with respect to which a Purchase Notice has been delivered in compliance with this Indenture, or (b) held by it during the continuance of an Event of Default (other than a default in the payment of the Purchase Price with respect to such Notes), in which case, upon such return, the Purchase Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 2 contracts

Sources: Indenture (Cray Inc), Indenture (Synaptics Inc)

No Purchase Upon Event of Default. There shall be no purchase of any Securities pursuant to this ARTICLE Article IV if there has occurred (prior to, on or after, as the case may be, the giving by each of the Holders of such Notes Securities of the required Purchase Notice but, in any event, prior to the applicable Purchase Date) and is continuing, as of such Purchase Date, an Event of Default (other than a default in the payment of the Purchase Price with respect to such NotesSecurities). The Paying Agent shall promptly return to the respective Holders thereof any Notes Securities (a) with respect to which a Purchase Notice has been delivered in compliance with this Indenture, or (b) held by it during the continuance of an Event of Default (other than a default in the payment of the Purchase Price with respect to such NotesSecurities), in which case, upon such return, the Purchase Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 2 contracts

Sources: Indenture (Komag Inc /De/), Indenture (Concord Communications Inc)

No Purchase Upon Event of Default. There shall be no purchase of any Securities Notes pursuant to this ARTICLE IV if there has occurred (prior to, on or after, as the case may be, the giving by each of the Holders of such Notes of the required Purchase Notice but, in any event, prior to the applicable Purchase Date) and is continuing, as of such Purchase Date, an Event of Default (other than a default in that is cured by the payment of the Purchase Price with respect to such Notes). The Paying Agent shall promptly return to the respective Holders thereof any Notes (a) with respect to which a Purchase Notice has been delivered in compliance with this Indenture, or (b) held by it during the continuance of an Event of Default (other than a default in that is cured by the payment of the Purchase Price with respect to such Notes), in which case, upon such return, the Purchase Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Sources: Indenture (Greenbrier Companies Inc)

No Purchase Upon Event of Default. There shall be no purchase of any Securities pursuant to this ARTICLE IV if there has occurred (prior to, on or after, as the case may be, the giving by each of the Holders of such Notes Securities of the required Purchase Notice but, in any event, prior to the applicable Purchase Date) and is continuing, as of such Purchase Date, an Event of Default (other than a default in that is cured by the payment of the Purchase Price with respect to such NotesSecurities). The Paying Agent shall promptly return to the respective Holders thereof any Notes Securities (a) with respect to which a Purchase Notice has been delivered in compliance with this Indenture, or (b) held by it during the continuance of an Event of Default (other than a default in that is cured by the payment of the Purchase Price with respect to such NotesSecurities), in which case, upon such return, the Purchase Notice with respect thereto shall be deemed to have been withdrawn.

Appears in 1 contract

Sources: Indenture (DRS Technologies Inc)