Common use of Offer to Purchase by Application of Excess Proceeds Clause in Contracts

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 21 contracts

Sources: Eighth Supplemental Indenture (Cco Holdings LLC), Seventh Supplemental Indenture (Cco Holdings LLC), Indenture (Cco Holdings LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 6 contracts

Sources: Indenture (Premier Parks Inc), Indenture (Zilog Inc), Indenture (B&g Foods Inc)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. below with respect to the Holders of Notes. (b) The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless . (c) The Company shall comply with any tender offer rules under the Issuers default Exchange Act which may then be applicable, including Rule 14e-1, in making such payment, connection with any Note accepted for payment pursuant offer required to be made by the Company to repurchase the Notes as a result of an Asset Sale Offer Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 3.09, the Company shall cease comply with the applicable securities laws or regulations and shall not be deemed to accrue interest after the Purchase Date. have breached its obligations hereunder by virtue thereof. (d) If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. . (e) Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (ai) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (bii) the Offer Amount, the purchase price and the Purchase DateDate and, if any Restricted Subsidiary is required to and does make an offer to holders of its Indebtedness pursuant to a requirement similar to that contained in Section 4.10 and this Section, the notice shall state that fact, that the Offer Amount will be reduced by the amount of Indebtedness required to be purchased pursuant to such other offer, and that the amount of such reduction will not be known until the expiration of such other offer, which shall not be later than the expiration of the Offer Period; (ciii) that any Note not tendered or accepted for payment shall continue to accrue interest; (div) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (ev) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (fvi) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (gvii) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hviii) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased, other than in the case of Holders whose Notes were purchased in whole); and (iix) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). . (f) On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder of Notes an amount equal to the purchase price of the Notes tendered by such Holder of Notes and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, Note and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, Holder of Notes in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder of Notes thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. . (g) Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof. No repurchase of Notes under this Section 3.09 shall be deemed to be a redemption of Notes.

Appears in 6 contracts

Sources: Indenture (Pegasus Communications Corp), Indenture (Pegasus Communications Corp /), Indenture (Pegasus Communications Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, the purchase price and the Purchase Settlement Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Notes and Pari Passu Indebtedness shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by on the Issuers so basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness; provided, however, that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or appropriate adjustments to the amount and beneficial interests in a Global Note if transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver distribute to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuersreceipt of a Company Order, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrenderedsurrendered (or appropriate adjustments to the amount and beneficial interests in the Global Note will be made as appropriate). Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 5 contracts

Sources: Indenture (Calumet Specialty Products Partners, L.P.), Indenture (Calumet Specialty Products Partners, L.P.), Indenture (Calumet Specialty Products Partners, L.P.)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 5 contracts

Sources: Indenture (Chesapeake Midstream Partners Lp), Indenture (Chesapeake Midstream Partners Lp), Indenture (Inergy L P)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 4 contracts

Sources: Indenture (Plastipak Holdings Inc), Indenture (Crown Castle International Corp), Indenture (Appleton Papers Inc/Wi)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 4 contracts

Sources: Eighth Supplemental Indenture (Charter Communications, Inc. /Mo/), Sixth Supplemental Indenture (Charter Communications, Inc. /Mo/), Seventh Supplemental Indenture (Charter Communications, Inc. /Mo/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.11 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before 10:00 a.m. on the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.11. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.093.11, any purchase pursuant to this Section 3.09 3.11 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 4 contracts

Sources: Indenture (Global Crossing Holdings LTD), Indenture (Global Crossing LTD), Indenture (Global Crossing Holdings LTD)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, properly endorsed for transfer, together with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer completed and such customary documents as the Note by book-entry transferCompany may reasonably request, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (gf) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hg) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (ih) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (surrendered, which unpurchased portion must be equal to $2,000 in principal amount or transferred by book-entry transfer)an integral multiple of $1,000 in excess of $2,000. On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Indenture (Linn Energy, LLC), Indenture (Linn Energy, LLC), Indenture (Linn Energy, LLC)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.12 hereof, the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall follow the procedures specified below. . (b) The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.12 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an the Asset Sale Offer Offer, the Issuers shall send, by first class mail, deliver a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (ai) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.Section

Appears in 3 contracts

Sources: Indenture, Indenture, Indenture

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 3 contracts

Sources: Indenture (L-3 Communications Cincinnati Electronics CORP), Indenture (Eer Systems Inc), Indenture (Microdyne Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mailmail (or otherwise deliver in accordance with the procedures of DTC), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, the purchase price and the Purchase Settlement Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, Company or to the Depositary or the applicable Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the applicable Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Notes and Pari Passu Indebtedness shall select the Notes to be purchased on a pro rata basis (with such subject to adjustments as may be deemed appropriate by to maintain the Issuers so authorized denominations for the Notes) on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness; provided, however, that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or appropriate adjustments to the amount and beneficial interests in a Global Note if transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the applicable Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver distribute to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuersreceipt of a Company Order, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrenderedsurrendered (or appropriate adjustments to the amount and beneficial interests in the Global Note will be made as appropriate). Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Indenture (Calumet, Inc. /DE), Indenture (Calumet, Inc. /DE), Indenture (Calumet Specialty Products Partners, L.P.)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount Reduced Principal Amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.04 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount Original Principal Amount and Reduced Principal Amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount Reduced Principal Amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate Reduced Principal Amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 or integral multiples of Original Principal Amount equal to $1,000 or any integral $1,000 multiple in excess thereof, shall be purchased); and; (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount Original Principal Amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer); and (j) the Conversion Rate and Conversion Price then in effect and that a Holder that has tendered its Notes for repurchase who wishes to withdraw such Notes and convert them must submit a valid notice of withdrawal and Conversion Notice prior to the close of business on the Business Day immediately preceding the Settlement Date. On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer aggregate Reduced Principal Amount has been tendered, all Notes tenderedrequired by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.04 and Section 4.10 hereof. The IssuersOn the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount an Original Principal Amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Fourth Supplemental Indenture (Whiting Petroleum Corp), Second Supplemental Indenture (Whiting Petroleum Corp), Fifth Supplemental Indenture (Whiting Petroleum Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Indenture (Finlay Enterprises Inc /De), Indenture (Finlay Fine Jewelry Corp), Indenture (Fields MRS Original Cookies Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (based on the principal amounts of Notes and Pari Passu Indebtedness (or, in the case of Pari Passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased)); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Supplemental Indenture (Genesis Energy Lp), Supplemental Indenture (Genesis Energy Lp), Indenture (Genesis Energy Lp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, properly endorsed for transfer, together with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer completed and such customary documents as the Note by book-entry transferCompany may reasonably request, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (gf) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (hg) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (ih) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (surrendered, which unpurchased portion must be equal to $2,000 in principal amount or transferred by book-entry transfer)an integral multiple of $1,000 in excess of $2,000. On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Indenture (Linn Energy, LLC), Indenture (Linn Energy, LLC), Indenture (Linn Energy, LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Senior Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Senior Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Senior Notes tendered in response to the Asset Sale Offer. Payment for any Senior Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Senior Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Senior Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Senior Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Senior Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Senior Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Senior Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Senior Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Senior Note purchased; (f) that Holders electing to have a Senior Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Senior Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Senior Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Senior Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Senior Note purchased; (h) that, if the aggregate principal amount of Senior Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Senior Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Senior Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Senior Notes were purchased only in part shall be issued new Senior Notes equal in principal amount to the unpurchased portion of the Senior Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Senior Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Senior Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Senior Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Senior Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Senior Note, and the Trustee, upon written request from the IssuersCompany, shall authenticate and mail or deliver such new Senior Note to such Holder, in a principal amount equal to any unpurchased portion of the Senior Note surrendered. Any Senior Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 3 contracts

Sources: Indenture (Varsity Spirit Corporation), Indenture (Riddell Sports Inc), Indenture (Riddell Sports Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 3 contracts

Sources: Indenture (L-3 Communications SPD Technologies Inc), Indenture (Southern California Microwave Inc), Indenture (L 3 Communications Holdings Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (based on the principal amounts of Notes and Pari Passu Indebtedness (or, in the case of Pari Passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased)); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 3 contracts

Sources: Supplemental Indenture (Genesis Energy Lp), Eleventh Supplemental Indenture (Genesis Energy Lp), Indenture (Genesis Energy Lp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest or Liquidated Damages, if any, shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Liquidated Damages, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Liquidated Damages, if any after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). If any of the Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The Issuers, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.06Section 3.06 hereof.

Appears in 2 contracts

Sources: Indenture (Pumpkin Air Inc), Indenture (Trico Marine Services Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 3.6 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"ASSET SALE OFFER PERIOD"). No later than five Business Days after the termination of the Asset Sale Offer Period (the “Purchase Date”"ASSET SALE OFFER PURCHASE DATE"), the Issuers Company shall purchase the principal amount of Notes Securities required to be purchased pursuant to Section 4.11 3.6 hereof (the “Offer Amount”"ASSET SALE OFFER AMOUNT") or, if less than the Asset Sale Offer Amount has been tendered, all Notes Securities tendered in response to the Asset Sale Offer. Payment for any Notes Securities so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to If the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note Security is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes Securities pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes Securities pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 5.10 and Section 4.11 3.6 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Asset Sale Offer Amount, the purchase price and the Asset Sale Offer Purchase Date; (c) that any Note Security not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note Security accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Asset Sale Offer Purchase Date; (e) that Holders electing to have a Note any Securities held by them purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Securities purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Security purchased; (f) that Holders electing to have a Note Security purchased pursuant to any Asset Sale Offer shall be required to surrender the NoteSecurity, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note Security completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Asset Sale Offer Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Asset Sale Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note Security the Holder delivered for purchase and a statement that such Holder is withdrawing his its election to have such Note Security purchased; (h) that, if the aggregate principal amount of Notes Securities surrendered by Holders exceeds the Asset Sale Offer Amount, the Issuers Company shall select the Notes Securities to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes Securities in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes Securities were purchased only in part pursuant to paragraph (h) above shall be issued new Notes Securities equal in principal amount to the unpurchased portion of the Notes Securities surrendered (or transferred by book-entry transfer). On or before the Asset Sale Offer Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata PRO RATA basis to the extent necessary, the Asset Sale Offer Amount of Notes Securities or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Asset Sale Offer Amount has been tendered, all Notes Securities tendered, and shall deliver to the Trustee an Officers’ Officer's Certificate stating that such Notes Securities or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.095.10. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Asset Sale Offer Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes Securities tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new NoteSecurity, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note Security to such Holder, in a principal amount equal to any unpurchased portion of the Note Security surrendered. Any Note Security not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Asset Sale Offer Purchase Date. Other than as specifically provided in this Section 3.095.10, any purchase pursuant to this Section 3.09 5.10 shall be made pursuant to the provisions of Sections 3.01 5.1 and 5.3 through 3.065.9 hereof.

Appears in 2 contracts

Sources: Indenture (Bertuccis of White Marsh Inc), Indenture (Ne Restaurant Co Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest or Liquidated Damages shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interestinterest and Liquidated Damages, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest and Liquidated Damages, if any, after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completedcompleted to the Company, the Depositary, if appointed by the Company, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary such depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). If any of the Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures of the Depositary applicable to such repurchases. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary depositary (if any, and as referred to in clause (f) above of this Section 3.09) or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the IssuersCompany, shall authenticate and mail or deliver make available for delivery such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Tesoro Alaska Co), Indenture (Tesoro Alaska Co)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Stericycle Inc), Indenture (Nexstar Broadcasting of the Wichita Falls LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.06 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.06 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.03 and Section 4.11 4.06 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.03. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.093.03, any purchase pursuant to this Section 3.09 3.03 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 of the Base Indenture.

Appears in 2 contracts

Sources: First Supplemental Indenture (Entercom Communications Corp), Supplemental Indenture (Entercom Radio LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer Asset Sale Offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”)Notes, they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Ames Department Stores Inc), Indenture (Ames Department Stores Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be Company is required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale a Net Proceeds Offer”), they shall it will follow the procedures specified below. The Asset Sale Net Proceeds Offer shall will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No The Net Proceeds Offer Payment Date shall be no later than five Business Days after the termination of the Offer Period (Period. On the “Purchase Net Proceeds Offer Payment Date”), the Issuers Company shall purchase the principal amount of Notes (and 9.25% Notes, 8.75% Notes or other Indebtedness Incurred by the Company, if applicable) required to be purchased pursuant to Section 4.11 (4.10 hereof and the “Offer Amount”) indentures governing the 9.25% Notes, 8.75% Notes or other Indebtedness Incurred by the Company, if applicable, or, if less than the Net Proceeds Offer Amount has been tendered, all Notes (and 9.25% Notes, 8.75% Notes or other Indebtedness Incurred by the Company, if applicable) tendered in response to the Asset Sale Net Proceeds Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Net Proceeds Offer Payment Date is on or after an interest record date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Net Proceeds Offer. Upon the commencement of an Asset Sale Offer Net Proceeds Offer, the Issuers shall Company will send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Net Proceeds Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Net Proceeds Offer, shall will state: (a1) that the Asset Sale Net Proceeds Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Net Proceeds Offer shall will remain open; (b2) the Net Proceeds Offer Amount, the purchase price and the Purchase Net Proceeds Offer Payment Date; (c3) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d4) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Net Proceeds Offer shall will cease to accrue interest and Liquidated Damages, if any, after the Net Proceeds Purchase Date; (e5) that Holders electing to have a Note purchased pursuant to an Asset Sale Net Proceeds Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f6) that Holders electing to have a Note Notes purchased pursuant to any Asset Sale Net Proceeds Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on attached to the reverse of the Note Notes completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a Depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days Business Days before the Net Proceeds Purchase Date; (g7) that Holders shall will be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) 8) that, if the aggregate principal amount of Notes and other pari passu Indebtedness surrendered by Holders thereof exceeds the Net Proceeds Offer Amount, the Issuers shall Company will select the Notes and other pari passu Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness surrendered (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall will be purchased); and (i9) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Net Proceeds Offer Payment Date, the Issuers shallCompany will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Net Proceeds Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Net Proceeds Offer, or if less than the Net Proceeds Offer Amount has been tendered, all Notes tendered, and shall will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days three Business Days after the Purchase Net Proceeds Offer Payment Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers shall Company will promptly issue a new Note, and the Trustee, upon written request from the IssuersCompany, shall will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers shall Company will publicly announce the results of the Asset Sale Net Proceeds Offer on the Purchase Net Proceeds Offer Payment Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Casino One Corp), Indenture (Pinnacle Entertainment Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they the Company shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest principal payments are mademade at Stated Maturity. Unless Further, the Issuers default in making such payment, Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any Note accepted for payment pursuant other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the purchase of Notes as a result of an Asset Sale Offer Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture relating to an Asset Sale Offer, the Company shall cease comply with the applicable securities laws and regulations and shall not be deemed to accrue interest after the Purchase Datehave breached its obligations described in this Section 3.09 by virtue thereof. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest relating to the same period shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days before the Purchase Datetermination of the Offer Period; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 or 2,000, and integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). If any of the Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The Issuers, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five three days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.06Section 3.06 hereof.

Appears in 2 contracts

Sources: Indenture (Hornbeck Offshore Services Inc /La), Indenture (Hornbeck Offshore Services Inc /La)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, or otherwise deliver, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (based on the principal amounts of Notes and Pari Passu Indebtedness (or, in the case of Pari Passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased)); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depositary applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Senior Notes Indenture (Genesis Energy Lp), Twenty First Supplemental Indenture (Genesis Energy Lp)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.12 hereof, the Issuers Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. . (b) The Asset Sale Offer shall remain open for a period of at least 20 Business Days following its commencement and no longercommencement, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.12 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an the Asset Sale Offer Offer, the Issuers Issuer shall send, by first class mailmail or, if the Notes are held through the Depositary, through the Applicable Procedures, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (ai) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.12 hereof and the length of time the Asset Sale Offer shall remain open; (bii) the Offer Amount, the purchase price and the Purchase Date; (ciii) that any Note not tendered or accepted for payment shall continue to accrue interest; (div) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest interest, if any, after the Purchase Date; (ev) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (fvi) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, the Depositary Depositary, or the Paying Agent at the address specified in the notice at least three days before prior to the Purchase Dateexpiration of the Offer Period; (gvii) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hviii) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Issuer shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, thereof shall be purchased); and (iix) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The IssuersIssuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Issuer for purchase, and the Issuers Issuer shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Issuer shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Issuer to the Holder thereof. The Issuers Issuer shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.06Section 3.06 hereof.

Appears in 2 contracts

Sources: Indenture (GameStop Corp.), Indenture (GameStop Corp.)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers Issuer shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Issuer shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The IssuersIssuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Issuer for purchase, and the Issuers Issuer shall promptly issue a new Note, and the Trustee, upon written request from the IssuersIssuer, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Issuer to the Holder thereof. The Issuers Issuer shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: First Supplemental Indenture (Charter Communications, Inc. /Mo/), Second Supplemental Indenture (Charter Communications, Inc. /Mo/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders (and to holders of other Pari Passu Indebtedness of the Company designated by the Company) to purchase Notes pursuant to Section 4.11 (and such other Pari Passu Indebtedness of the Company) (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Company shall complete the Asset Sale Offer no earlier than 10 days and no later than 60 days after notice of the Asset Sale Offer is provided to the Holders or such later date as may be required by applicable law. The Asset Sale Offer shall remain open for a period of 20 Business Days 10 days following its commencement and no longercommencement, except or longer to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, send a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.10 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations integral multiples of $1,000 only; provided that, if only a portion of the Notes of any Holder is to be purchased, the unpurchased portion of the Notes of such Holder must be equal to $2,000 and in principal amount or an integral multiple integrals of $1,000 in excess thereof onlythereof; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Periodclosing, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders and holders of other Pari Passu Indebtedness tendered exceeds the Offer Amount, the Issuers Company shall select the Notes and such other Pari Passu Indebtedness to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that (i) only Notes in minimum denominations principal amounts of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall be purchasedpurchased and (ii) the unpurchased portion of the Notes of any Holder shall be equal to $2,000 in principal amount or an integral multiple of $1,000 in excess thereof); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.10. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Asbury Automotive Group Inc), Indenture (Asbury Automotive Group Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 Debentures (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes Debentures required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes Debentures tendered in response to the Asset Sale Offer. Payment for any Notes Debentures so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note Debenture is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes Debentures pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes Debentures pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note Debenture not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note Debenture accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note Debenture purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Debenture purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Debenture purchased; (f) that Holders electing to have a Note Debenture purchased pursuant to any Asset Sale Offer shall be required to surrender the NoteDebenture, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note Debenture completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note Debenture the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his or her election to have such Note Debenture purchased; (h) that, if the aggregate principal amount of Notes Debentures surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes Debentures to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes Debentures in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes Debentures were purchased only in part shall be issued new Notes Debentures equal in principal amount to the unpurchased portion of the Notes Debentures surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes Debentures or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes Debentures tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes Debentures or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes Debentures tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new NoteDebenture, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note Debenture to such Holder, in a principal amount equal to any unpurchased portion of the Note Debenture surrendered. Any Note Debenture not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof. Upon completion of an Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero.

Appears in 2 contracts

Sources: Indenture (Finlay Enterprises Inc /De), Indenture (Finlay Enterprises Inc /De)

Offer to Purchase by Application of Excess Proceeds. In If, pursuant to Section 4.10 hereof, the event that the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Asset Sale Offer Period”). No later than five three Business Days after the termination of the Asset Sale Offer Period (the “Purchase Asset Sale Payment Date”), the Issuers Company shall apply all Excess Proceeds to purchase the principal amount of Notes and other pari passu Indebtedness required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes and other pari passu Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes and other pari passu Indebtedness so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to If the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Payment Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest and Additional Interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Asset Sale Payment Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Asset Sale Payment Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a Depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Asset Sale Payment Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Asset Sale Offer Period, a facsimile or electronic transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer AmountAmount or less than all of the Notes tendered pursuant to the Asset Sale Offer are accepted for payment by the Company for any reason consistent with this Indenture, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer); provided that each such Note will be issued in a principal amount of $2,000 or an integral amount of $1,000 in excess thereof. On or before the Purchase Asset Sale Payment Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes and other pari passu Indebtedness or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tenderedtendered or less than all of the Notes tendered pursuant to the Asset Sale Offer are accepted for payment by the Company for any reason consistent with this Indenture, all Notes tenderedand other pari passu Indebtedness tendered or accepted, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes and other pari passu Indebtedness or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days three Business Days after the Purchase Datetermination of the Asset Sale Offer Period) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes properly tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall promptly authenticate and mail (or deliver cause to be transferred by book entity) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered, if any. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Asset Sale Payment Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Parker Drilling Co /De/), Indenture (Parker Drilling Co /De/)

Offer to Purchase by Application of Excess Proceeds. In When the event cumulative amount of Excess Proceeds that have not been applied in accordance with Section 4.10 and 4.16 herein or this Section 3.09, exceeds $5 million, the Issuers Company shall be required obligated to commence make an offer to all Holders of the Notes (an "EXCESS PROCEEDS OFFER") to purchase the maximum principal amount of Notes pursuant that may be purchased out of such Excess Proceeds at an offer price in cash in an amount equal to Section 4.11 (an “Asset Sale Offer”)101% of the principal amount thereof, they shall follow together with accrued and unpaid interest to the date fixed for the closing of such offer in accordance with the procedures specified belowset forth in this Indenture. If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of such Excess Proceeds, the Trustee shall select the Notes to be purchased on a PRO RATA basis. The Asset Sale Excess Proceeds Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Company shall purchase the maximum principal amount of Notes required to that may be purchased pursuant to Section 4.11 with such Excess Proceeds (which maximum principal amount of Notes shall be the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Excess Proceeds Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Excess Proceeds Offer. Upon the commencement of an Asset Sale Offer any Excess Proceeds Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the HoldersHolders of the Notes, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Excess Proceeds Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Excess Proceeds Offer, shall state: (a) that the Asset Sale Excess Proceeds Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Excess Proceeds Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, that any Note accepted for payment pursuant to the Asset Sale Excess Proceeds Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale any Excess Proceeds Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three business days before the Purchase Date; (gf) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such the Note purchased; (hg) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (ih) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer)surrendered. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata PRO RATA basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Excess Proceeds Offer, or if less than the Offer Amount has been tendered, all Notes or portion thereof tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes Note tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note Note, to such Holder, Holder equal in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.the

Appears in 2 contracts

Sources: Indenture (Echostar DBS Corp), Indenture (Echostar DBS Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be Company is required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall it will follow the procedures specified below. The Asset Sale Offer shall be made to all Holders and, at the option of the Company (unless otherwise required by the terms thereof), all holders of other Indebtedness that is pari passu with the Notes pursuant to Section 4.10. The Asset Sale Offer will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five three Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 Company will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes and such other pari passu Indebtedness (on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall will be made in the same manner as interest redemption payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall Company will send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Offer, shall will state: (a1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall will remain open; (b2) the Offer Amount, the purchase price and the Purchase Date; (c3) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d4) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall will cease to accrue interest after the Purchase Date; (e5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations integral multiples of $2,000 and in multiple integrals of $1,000 in excess thereof 1.00 only; (f6) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a Depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g7) that Holders shall will be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) 8) that, if the aggregate principal amount of Notes and other pari passu Indebtedness surrendered by Holders exceeds the Offer Amount, the Issuers shall Company will select the Notes and other pari passu Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness surrendered (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1.00, or integral multiples of $1,000 in excess thereof, shall will be purchased); and (i9) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shallCompany will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes and other pari passu Indebtedness tendered, and shall will deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers shall Company will promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall Company will authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Definitive Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers shall Company will publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Apparel Holding Corp.), Indenture (Apparel Holding Corp.)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of not less than 20 Business Days or more than 30 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, send a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Company shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (based on the principal amounts of Notes and Pari Passu Indebtedness (or, in the case of Pari Passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased)); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail send or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Enviva Partners, LP), Indenture (Enviva Partners, LP)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and to each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all HoldersHolders of Notes. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “titled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receivesreceive, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days three Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the IssuersCompany, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Printpack Inc), Indenture (Printpack Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 5.10, the Issuers shall Company will be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified belowin this Section 3.09. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall Company will purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 5.10 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer). Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall Company will send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 5.10 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals 2,000, or integral multiples of $1,000 in excess thereof only(unless such amount represents the entire principal amount of Notes held by such Holder), purchased; (f) that Holders electing to have a Note any Notes purchased pursuant to any Asset Sale Offer shall be required to surrender the NoteNotes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent or the Depositary, as applicable, at the address specified in the notice at least three days before prior to the close of business on the third Business Day preceding the Purchase Date, subject to the Applicable Procedures; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Paying Agent or the Paying AgentDepositary, as the case may beapplicable, receives, not later than the expiration close of business on the Offer Periodthird Business Day preceding the Purchase Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his its election to have such Note purchased, subject to the Applicable Procedures; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall Trustee will select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall be purchased), subject to the Applicable Procedures; and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). If any of the Notes subject to the Asset Sale Offer are in the form of a Global Note, then the Company may modify such notice to the extent necessary to comply with the Applicable Procedures of the Depositary. On or before the Purchase Date, subject to the Issuers shallApplicable Procedures, the Company will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof validly tendered pursuant to the Asset Sale Offer or (and not withdrawn), or, if less than the Offer Amount has been validly tendered, all Notes tenderedtendered (and not withdrawn), and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, Agent shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount received from the Company equal to the purchase price of the Notes validly tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers shall Company will promptly issue a new Note, and the Trustee, upon written request from the Issuersreceipt of an Authentication Order, shall authenticate and mail (or deliver cause to be transferred by book-entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed (or delivered caused to be transferred by book-entry) by the Issuers Company to the Holder thereof. The Issuers shall Company will publicly announce the results of the Asset Sale Offer on promptly after the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers shall purchase the principal amount at maturity of Notes required to be purchased pursuant to Section 4.11 (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer or may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof principal amount at maturity only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, a depositary, if appointed by the Depositary Issuers, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount at maturity of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount Accreted Value of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 1,000 principal amount at maturity, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount at maturity to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.for

Appears in 2 contracts

Sources: Indenture (Charter Communications Inc /Mo/), Indenture (Charter Communications Inc /Mo/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof the Issuers shall be are required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall will follow the procedures specified below. The Asset Sale Offer shall be made to all Holders. The Asset Sale Offer will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five three Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes and, if applicable, such Other Pari Passu Obligations (on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall further interest will be payable on such interest payment date to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall will send, by first first-class mail, postage prepaid (or transmitted otherwise in accordance with the applicable procedures of DTC), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Offer, shall will state: (a1) the CUSIP number; (2) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall will remain open; (b3) the Offer Amount, the purchase price and the Purchase Date; (c4) that any Note not tendered or accepted for payment shall will continue to accrete or accrue interest; (d5) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall will cease to accrete or accrue interest on and after the Purchase Date; (e6) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum initial denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof onlythereof; (f7) that Holders electing to have a Note Notes purchased pursuant to any Asset Sale Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on attached to the reverse of the Note Notes completed, or transfer the Note by book-entry transfer, to the Issuers, a Depositary, if appointed by the Depositary Issuers, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) 8) that Holders shall will be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a an electronic mail, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h9) that, if the aggregate principal amount of Notes and Other Pari Passu Obligations surrendered by Holders holders thereof exceeds the Offer Amount, the Issuers shall will select the Notes and Other Pari Passu Obligations to be purchased on a pro rata basis based on the principal amount of Notes and such Other Pari Passu Obligations surrendered (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or and integral multiples of $1,000 in excess thereof, shall will be purchased); and (i10) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shallwill, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall will promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall will publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Interface Security Systems, L.L.C.), Indenture (Interface Security Systems Holdings Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer or may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, a depositary, if appointed by the Depositary Issuers, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Charter Communications Inc /Mo/), Indenture (Cco Holdings Capital Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect PurchasePurchase Form” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent Company at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, Company receives, not later than prior to the expiration of the Offer PeriodTermination Date, a facsimile or other electronic transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Company shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before Promptly after the Purchase Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered tendered, and accompanied by a completed and duly executed “Option of Holder to Elect Purchase Form” in the form attached to such Notes, pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10, and prior to the Settlement Date it shall deliver to the Trustee Holders an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 10:00 a.m. (New York City time) on the Settlement Date, the Depositary or the Paying Agent, as the case may be, Company shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver send via wire transfer to each tendering Holder (to the account specified in writing by such Holder) an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate Note and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted The Company shall be promptly mailed or delivered by notify the Issuers to the Holder thereof. The Issuers shall publicly announce Holders of the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Global Partners Lp), Indenture (Global Partners Lp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Crosstex Energy Lp), Indenture (Crosstex Energy Lp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 5.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 5.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 4.09 and Section 4.11 5.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not properly tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest on and after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a an electronic image scan, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (except that any Notes represented by a Global Note shall be selected by such method as the Depositary or its nominee or successor may require or, where such nominee or successor is the Trustee, a method that most nearly approximates pro rata selection as the Trustee deems fair and appropriate) on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depositary applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 5.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.094.09 and Section 5.10. The IssuersPrior to 11:00 a.m., Central time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Summit Midstream Partners, LP), First Supplemental Indenture (Summit Midstream Partners, LP)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Atwood Mobile Products Inc), Indenture (Elgin National Industries Inc)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.10, the Issuers shall be Issuer is required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall it will follow the procedures specified belowin this Section 3.12. (b) The Issuer (or the Parent on the Issuer’s behalf) will commence each Asset Sale Offer within 10 Business Days after the date on which the Excess Proceeds exceed US$25 million by delivering the notice required pursuant to Section 3.12(d). The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. . (c) If the Purchase Date is on or after an interest a record date for the payment of interest and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. . (d) Upon the commencement of an Asset Sale Offer Offer, the Issuers Issuer shall send, by first class mail, deliver a notice to the Trustee and each of the Holders, with a copy Holders pursuant to the TrusteeSection 13.01. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (ai) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 3.12 and the length of time the Asset Sale Offer shall remain open; (bii) the Offer Amount, the purchase price and the Purchase Date; (ciii) that any Note not tendered or accepted for payment shall continue to accrue interest; (div) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (ev) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 or €1,000 only, as the case may be (provided that Euro Notes of €50,000 or less or Dollar Notes of $100,000 or less may only be redeemed in excess thereof onlywhole and not in part); (fvi) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfertransfer through the facilities of the Depositary, to the Issuersaccount of the Issuer, the Depositary or the Paying Agent at the address specified in the notice at least three days one Business Day before the Purchase Date; (gvii) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hviii) that, if the aggregate principal amount of Notes and other pari passu Indebtedness surrendered by Holders exceeds the Offer Amount, the Issuers shall Issuer will select the Notes and other pari passu Indebtedness to be purchased on a pro rata basis as provided in Section 4.10 (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of of` $2,000 1,000 or €1,000, or integral multiples thereof, as the case may be, will be purchased (provided that Euro Notes of €50,000 or less or Dollar Notes of $1,000 100,000 or less may only be redeemed in excess thereof, shall be purchasedwhole and not in part)); and (iix) that Holders whose Definitive Registered Notes were purchased only in part shall be issued new Definitive Registered Notes equal in principal amount to the unpurchased portion of the Notes surrendered Notes. (or transferred by book-entry transfer). e) On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.all

Appears in 2 contracts

Sources: Indenture (Sappi LTD), Indenture (Sappi LTD)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.16 hereof, the Issuers Company shall be required to commence make an offer to all Holders of Notes to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement at least 30 and no longernot more than 40 days, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than On a date within five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.16 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for The Company shall comply with any Notes so purchased shall tender offer rules under the Exchange Act which may then be applicable, including Rule 14e-1, in connection with any offer required to be made in by the same manner Company to repurchase the Notes as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the a result of an Asset Sale Offer shall cease to accrue interest after the Purchase DateOffer. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest or Liquidated Damages, if any, shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.10 and Section 4.11 4.16 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price price, separately stating the amount of any accrued and unpaid interest and Liquidated Damages, if any, and the Purchase Date; (c) that any Note not tendered or accepted for payment shall remain outstanding and continue to accrue interestinterest and Liquidated Damages, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after or Liquidated Damages, if any, on the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before not later than the Purchase Datelast Business Day of the Offer Period; (gf) that Holders shall be entitled to withdraw their tendered Notes and their election if to require the IssuersCompany to purchase such Notes, provided that the Company, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration close of business on the last Business Day of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note Notes the Holder delivered tendered for purchase purchase, and a statement that such Holder is withdrawing his tendered Notes and his election to have such Note Notes purchased; (hg) that, if the aggregate principal amount of Notes surrendered properly tendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (ih) that Holders whose Notes were are being purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (GHTV Inc), Indenture (Village at Breckenridge Acquisition Corp Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.10 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before not later than the Purchase Datethird Business Day preceding the end of the Offer Period; (gf) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration Business Day preceding the end of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hg) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (ih) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the 12:00 p.m. (New York City time) on each Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to irrevocably deposit with the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.Agent in

Appears in 2 contracts

Sources: Indenture (Massic Tool Mold & Die Inc), Credit Agreement (Massic Tool Mold & Die Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be Company is required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale a Net Proceeds Offer”), they shall it will follow the procedures specified below. The Asset Sale Net Proceeds Offer shall will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No The Net Proceeds Offer Payment Date shall be no later than five Business Days after the termination of the Offer Period (Period. On the “Purchase Net Proceeds Offer Payment Date”), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer4.10 hereof. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Net Proceeds Offer Payment Date is on or after an interest record date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer a Net Proceeds Offer, the Issuers shall Company will send, by first class mailmail (or in the case of Notes held in book entry form, by electronic transmission), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Net Proceeds Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Net Proceeds Offer, shall will state: (a1) that the Asset Sale Net Proceeds Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Net Proceeds Offer shall will remain open; (b2) the Offer Amountamount of the Excess Proceeds in the Net Proceeds Offer, the purchase price and the Purchase Net Proceeds Offer Payment Date; (c3) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d4) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Net Proceeds Offer shall will cease to accrue interest interest, if any, after the Net Proceeds Purchase Date; (e5) that Holders electing to have a Note purchased pursuant to an Asset Sale Net Proceeds Offer may elect to have Notes purchased in the minimum denominations of amount equal to $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof onlythereof; (f6) that Holders electing to have a Note Notes purchased pursuant to any Asset Sale Net Proceeds Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on attached to the reverse of the Note Notes completed, or transfer the Note by book-entry transfertransfer in accordance with the procedures of DTC, to the IssuersCompany, the Depositary Depositary, if appointed by the Company, or the a Paying Agent at the address specified in the notice at least three days Business Days before the Net Proceeds Purchase Date; (g7) that Holders shall will be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchasedpurchased or submit such withdrawal in accordance with the procedures of DTC; (h) 8) that, if the aggregate principal amount of Notes and other pari passu Indebtedness surrendered by Holders thereof exceeds the Offer AmountExcess Proceeds in the Net Proceeds Offer, the Issuers shall Company will select the Notes and other pari passu Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness surrendered (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall will be purchased); and (i9) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer)) representing the same indebtedness to the extent not repurchased. On or before the Purchase Net Proceeds Offer Payment Date, the Issuers shallCompany will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Net Proceeds Offer Amount (less any pro rata portion thereof attributable to other pari passu Indebtedness) of Notes or portions thereof tendered pursuant to the Asset Sale Offer Net Proceeds Offer, or if less than the Net Proceeds Offer Amount attributable to the Notes has been tendered, all Notes tendered, and shall will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers shall Company will promptly issue a new Note, and the Trustee, upon written request from the IssuersCompany, shall will authenticate and mail or deliver (or cause to be transferred by book-entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers shall Company will publicly announce the results of the Asset Sale Net Proceeds Offer on the Purchase Net Proceeds Offer Payment Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Red Rock Resorts, Inc.), Indenture (Red Rock Resorts, Inc.)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Depositary, if appointed by the Issuers, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Restaurant Co), Indenture (Perkins Finance Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before 10:00 a.m. on the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (Dominos Inc), Indenture (Dominos Pizza Government Services Division Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mailmail (or otherwise deliver in accordance with the procedures of DTC), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, the purchase price and the Purchase Settlement Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, Company or to the Depositary or the applicable Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the applicable Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Notes and Pari Passu Indebtedness shall select the Notes to be purchased on a pro rata basis (with such subject to adjustments as may be deemed appropriate by to maintain the Issuers so authorized denominations for the Notes) on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness; provided, however, that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or appropriate adjustments to the amount and beneficial interests in a Global Note if transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the applicable Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver distribute to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuersreceipt of a Company Order, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrenderedsurrendered (or appropriate adjustments to the amount and beneficial interests in the Global Note will be made as appropriate). Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Calumet Specialty Products Partners, L.P.), Indenture (Calumet Specialty Products Partners, L.P.)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.12 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they it shall follow the procedures specified below. . (b) The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.12 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest and Special Interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an the Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (ai) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.12 hereof and the length of time the Asset Sale Offer shall remain open; (bii) the Offer Amount, the purchase price and the Purchase Date; (ciii) that any Note not tendered or accepted for payment shall continue to accrue interest; (div) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Special Interest, if any, after the Purchase Date; (ev) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (fvi) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (gvii) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hviii) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000 or integral multiples of $1,000 in excess thereof, thereof shall be purchased); and (iix) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.063.06 hereof.

Appears in 2 contracts

Sources: Indenture (S&c Resale Co), Indenture (S&c Resale Co)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis (based on the principal amounts of Notes and Pari Passu Indebtedness (or, in the case of Pari Passu Indebtedness issued with significant original issue discount, based on the accreted value thereof) tendered (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased)); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depositary applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Twentieth Supplemental Indenture (Genesis Energy Lp), Eighteenth Supplemental Indenture (Genesis Energy Lp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.16 hereof, the Issuers Company shall be required to commence make an offer to all Holders of Notes to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement at least 30 and no longernot more than 60 days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than On a date within five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.16 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for The Company shall comply with any Notes so purchased shall tender offer rules under the Exchange Act which may then be applicable, including Rule 14e-1, in connection with any offer required to be made in by the same manner Company to repurchase the Notes as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the a result of an Asset Sale Offer shall cease to accrue interest after the Purchase DateOffer. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest, if any, shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, (or transmitted electronically in accordance with applicable procedures of DTC), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.10 and Section 4.11 4.16 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price price, separately stating the amount of any accrued and unpaid interest, if any, and the Purchase Date; (c) that any Note not tendered or accepted for payment shall remain outstanding and continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after on the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before not later than the Purchase Datelast Business Day of the Offer Period; (gf) that Holders shall be entitled to withdraw their tendered Notes and their election if to require the IssuersCompany to purchase such Notes, provided that the Company, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration close of business on the last Business Day of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note Notes the Holder delivered tendered for purchase purchase, and a statement that such Holder is withdrawing his tendered Notes and his election to have such Note Notes purchased; (hg) that, if the aggregate principal amount of Notes surrendered properly tendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis subject to applicable procedures of DTC (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 150,000 or an integral multiples multiple of $1,000 in excess thereof, shall be purchased); and (ih) that Holders whose Notes were are being purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before noon (New York City time) on each Purchase Date, the Company shall irrevocably deposit with the Trustee or Paying Agent in immediately available funds the aggregate purchase price with respect to a principal amount of Notes equal to the Offer Amount (of, if less than the Offer Amount has been properly tendered, such lesser amount as shall equal the principal amount of Notes properly tendered), together with accrued and unpaid interest, if any, thereon to the Purchase Date, to be held for payment in accordance with the terms of this Section 3.10. On the Purchase Date, the Issuers Company shall, to the extent lawful, (i) accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, (ii) deliver or cause the Paying Agent or depositary, as the case may be, to deliver to the Trustee Notes so accepted and shall (iii) deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.10. The IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days three Business Days after the Purchase Date) mail or deliver to each tendering Holder whose Notes are to be purchased an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, plus accrued and unpaid interest, if any, thereon to the Purchase Date, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the IssuersCompany, shall authenticate and mail or deliver such new Note to such Holder, equal in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 2 contracts

Sources: Indenture (Playa Hotels & Resorts N.V.), Indenture (Playa Hotels & Resorts B.V.)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.09, the Issuers Parent Guarantor is required (or shall be required cause the Issuer) to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Excess Proceeds Offer”), they shall it will follow the procedures specified belowin this Section 3.10. (b) The Issuer or the Parent Guarantor, as the case may be, will commence each Excess Proceeds Offer within 10 Business Days after the date on which the Excess Proceeds exceed €30.0 million by delivering the notice required pursuant to Section 3.10(d). The Asset Sale Excess Proceeds Offer shall remain open for a period of 20 Business Days following its commencement and no longercommencement, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Issuer or the Parent Guarantor, as the case may be, shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.09 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Excess Proceeds Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. . (c) If the Purchase Date is on or after an interest a record date for the payment of interest and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Excess Proceeds Offer. . (d) Upon the commencement of an Asset Sale Offer Excess Proceeds Offer, the Issuers Issuer or the Parent Guarantor, as the case may be, shall send, by first class mail, deliver a notice to the Trustee and each of the Holders, with a copy Holders pursuant to the TrusteeSection 12.01. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Excess Proceeds Offer. The Asset Sale Excess Proceeds Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Excess Proceeds Offer, shall state: (ai) that the Asset Sale Excess Proceeds Offer is being made pursuant to this Section 3.09 and Section 4.11 3.10 and the length of time the Asset Sale Excess Proceeds Offer shall remain open; (bii) the Offer Amount, the purchase price and the Purchase Date; (ciii) that any Note not tendered or accepted for payment shall continue to accrue interest; (div) that, unless the Issuers default Issuer or the Parent Guarantor, as the case may be, defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Excess Proceeds Offer shall cease to accrue interest after the Purchase Date; (ev) that Holders electing to have a Note purchased pursuant to an Asset Sale Excess Proceeds Offer may elect to have Notes purchased in minimum denominations integral multiples of $2,000 €1,000 only (provided that Notes of €100,000 or less may only be redeemed in whole and not in multiple integrals of $1,000 in excess thereof onlypart); (fvi) that Holders electing to have a Note purchased pursuant to any Asset Sale Excess Proceeds Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfertransfer through the facilities of the Depositary, to the Issuersaccount of the Issuer or the Parent Guarantor, as the Depositary case may be, or the Paying Agent at the address specified in the notice at least three days one Business Day before the Purchase Date; (gvii) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Parent Guarantor, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hviii) that, if the aggregate principal amount of Notes and other Pari Passu Debt surrendered by Holders exceeds the Offer Amount, the Issuers shall Issuer or the Parent Guarantor, as the case may be, will select the Notes and other Pari Passu Debt to be purchased on a pro rata basis as provided in Section 4.09 (with such adjustments as may be deemed appropriate by the Issuers Issuer or the Parent Guarantor, as the case may be, so that only Notes in minimum denominations of $2,000 of` €1,000, or integral multiples of $1,000 in excess thereof, shall will be purchasedpurchased (provided that Notes of €100,000 or less may only be redeemed in whole and not in part); and (iix) that Holders whose Definitive Registered Notes were purchased only in part shall be issued new Definitive Registered Notes equal in principal amount to the unpurchased portion of the Notes surrendered Notes. (or transferred by book-entry transfer). e) On or before the Purchase Date, the Issuers Issuer or the Parent Guarantor, as the case may be, shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Excess Proceeds Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.

Appears in 1 contract

Sources: Indenture (Elster Group SE)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be are required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall will follow the procedures specified below. The Asset Sale Offer shall be made to all Holders. The Asset Sale Offer will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five three Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes (on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall will be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall and Additional Interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall will send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Offer, shall will state: (a1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall will remain open; (b2) the Offer Amount, the purchase price and the Purchase Date; (c3) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d4) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall will cease to accrue interest on and after the Purchase Date; (e5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations an amount of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f6) that Holders electing to have a Note Notes purchased pursuant to any Asset Sale Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on attached to the reverse of the Note Notes completed, or transfer the Note by book-entry transfer, to the Issuers, a Depositary, if appointed by the Depositary Issuers, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g7) that Holders shall will be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) 8) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall will select the Notes to be purchased on a pro rata basis based on the principal amount of Notes surrendered (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations amounts of $2,000 or and integral multiples of $1,000 in excess thereof, shall thereof will be purchased); and (i9) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shallwill, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall will deliver or cause to be delivered to the Trustee an Officers’ Certificate stating that such the Notes or portions thereof were properly accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall will promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall Issuers will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall will publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Susser Holdings CORP)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “a Senior Subordinated Asset Sale Offer”), they it shall follow the procedures specified below. The Senior Subordinated Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Company shall purchase the principal amount of Senior Subordinated Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Senior Subordinated Notes tendered in response to the Senior Subordinated Asset Sale Offer. Payment for any Senior Subordinated Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Senior Subordinated Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Senior Subordinated Notes pursuant to the Senior Subordinated Asset Sale Offer. Upon the commencement of an a Senior Subordinated Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Senior Subordinated Note Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Senior Subordinated Notes pursuant to the Senior Subordinated Asset Sale Offer. The Senior Subordinated Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Senior Subordinated Asset Sale Offer, shall state: (a) that the Senior Subordinated Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Senior Subordinated Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Senior Subordinated Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Senior Subordinated Note accepted for payment pursuant to the Senior Subordinated Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Senior Subordinated Note purchased pursuant to an a Senior Subordinated Asset Sale Offer may only elect to have Notes all of such Senior Subordinated Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Senior Subordinated Note purchased; (f) that Holders electing to have a Senior Subordinated Note purchased pursuant to any Senior Subordinated Asset Sale Offer shall be required to surrender the Senior Subordinated Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Senior Subordinated Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Senior Subordinated Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Senior Subordinated Note purchased; (h) that, if the aggregate principal amount of Senior Subordinated Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Senior Subordinated Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Senior Subordinated Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Senior Subordinated Notes were purchased only in part shall be issued new Senior Subordinated Notes equal in principal amount to the unpurchased portion of the Senior Subordinated Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata PRO RATA basis to the extent necessary, the Offer Amount of Senior Subordinated Notes or portions thereof tendered pursuant to the Senior Subordinated Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Senior Subordinated Notes tendered, and shall deliver to the Senior Subordinated Note Trustee an Officers' Certificate stating that such Senior Subordinated Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Senior Subordinated Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Senior Subordinated Note, and the Senior Subordinated Note Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Senior Subordinated Note to such Holder, in a principal amount equal to any unpurchased portion of the Senior Subordinated Note surrendered. Any Senior Subordinated Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Senior Subordinated Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Senior Subordinated Note Indenture (Ball Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes Any Asset Sale Offer pursuant to Section 4.11 (an “Asset Sale Offer”), they shall follow the procedures specified below. The Asset Sale Offer 4.14 shall remain open for a period of 20 Business Days following its commencement at least 30 and no longernot more than 40 days, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than On a date within five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.14 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for The Company shall comply with any Notes so purchased shall tender offer rules under the Exchange Act which may then be applicable, including Rule 14e-1, in connection with any offer required to be made in by the same manner Company to repurchase the Notes as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the a result of an Asset Sale Offer Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 3.9, the Company shall cease comply with the applicable securities laws or regulations and shall not be deemed to accrue interest after the Purchase Datehave breached its obligations hereunder by virtue thereof. If the Purchase Date is on or after an interest record date Interest Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.9 and Section 4.11 4.14 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price price, separately stating the amount of any accrued and unpaid interest and Liquidated Damages, if any, and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such paymentpayments, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (gf) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Synthetic Industries Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes Any Asset Sale Offer pursuant to Section 4.11 (an “Asset Sale Offer”), they shall follow the procedures specified below. The Asset Sale Offer 10.17 shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than On a date within five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes Securities required to be purchased pursuant to Section 4.11 10.17 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes Securities tendered in response to the Asset Sale Offer. Payment for any Notes Securities so purchased shall be made in the same manner as interest payments are made. Unless The Issuers shall comply with any tender offer rules under the Exchange Act which may then be applicable, including Rule 14e-1, in connection with any offer required to be made by the Issuers default in making such payment, any Note accepted for payment pursuant to repurchase the Securities as a result of an Asset Sale Offer Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 11.08, the Issuers shall cease comply with the applicable securities laws or regulations and shall not be deemed to accrue interest after the Purchase Datehave breached their obligations hereunder by virtue thereof. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note Security is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes Securities pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes Securities pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 11.08 and Section 4.11 10.17 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Amerigas Partners Lp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Additional Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (BRP (Luxembourg) 4 S.a.r.l.)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mailmail (or otherwise send pursuant to the applicable procedures of the Depositary), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Pari Passu Indebtedness surrendered by holders or lenders, together with all accrued and unpaid interest, if any, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Pari Passu Indebtedness (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depositary applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (American Midstream Partners, LP)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer PeriodCompany, a facsimile transmission or letter setting forth the name of the Holderdepositary, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.if

Appears in 1 contract

Sources: Indenture (Sterling Chemical Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 or Section 4.22 hereof, as applicable, the Issuers Company shall be required to commence an offer to all Holders to purchase First Mortgage Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of First Mortgage Notes required to be purchased pursuant to Section 4.11 4.10 or Section 4.22 hereof, as applicable, (the "Offer Amount") or, if less than the Offer Amount has been tendered, all First Mortgage Notes tendered in response to the Asset Sale Offer. Payment for any First Mortgage Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a First Mortgage Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender First Mortgage Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender First Mortgage Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 or Section 4.22 hereof, as applicable, and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any First Mortgage Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any First Mortgage Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a First Mortgage Note purchased pursuant to an Asset Sale Offer may elect to have First Mortgage Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a First Mortgage Note purchased pursuant to any Asset Sale Offer shall be required to surrender the First Mortgage Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the First Mortgage Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the First Mortgage Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such First Mortgage Note purchased; (h) that, if the aggregate principal amount of First Mortgage Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the First Mortgage Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only First Mortgage Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose First Mortgage Notes were purchased only in part shall be issued new First Mortgage Notes equal in principal amount to the unpurchased portion of the First Mortgage Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of First Mortgage Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all First Mortgage Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such First Mortgage Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the First Mortgage Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new First Mortgage Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new First Mortgage Note to such Holder, in a principal amount equal to any unpurchased portion of the First Mortgage Note surrendered. Any First Mortgage Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Royster-Clark Nitrogen Realty LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. For purposes of this Section 3.09, any reference herein to "Notes" shall be deemed to include the Notes and the Series A/B Notes. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest or Liquidated Damages, if any, shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Liquidated Damages, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Liquidated Damages, if any after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). If any of the Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The Issuers, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.06Section 3.06 hereof.

Appears in 1 contract

Sources: Indenture (Trico Marine Services Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Issuer shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Liquidated Damages, if any, after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, a depositary, if appointed by the Depositary Issuer, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Issuer shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (International Specialty Products Inc /New/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be Company is required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall it will follow the procedures specified below. The Asset Sale Offer shall be made to all Holders and all holders of other Senior Indebtedness of the Company or any Guarantor and contains provisions similar to those set forth in Section 4.10. The Asset Sale Offer will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days Promptly after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 Company will apply all Excess Proceeds (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offerpurchase of Notes and such other Senior Indebtedness in accordance with Section 4.10(c). Payment for any Notes so purchased shall will be made in the same manner as principal and interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest shall will be paid to the Person in whose name a Note is registered at the close of business 51 on such record date, and no Special Interest shall additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall Company will send, by first class mailmail (or with respect to Global Notes to the extent permitted or required by the Depositary’s Applicable Procedures, send electronically), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Offer, shall will state: (a1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall will remain open; (b2) the Offer Amount, the purchase price and the Purchase Date; (c3) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d4) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall will cease to accrue interest after the Purchase Date; (e5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in or an integral multiple integrals of $1,000 in excess thereof onlythereof; provided that any unpurchased portion of a Note must be in a minimum denomination of $2,000; (f6) that Holders electing to have a Note Notes purchased pursuant to any Asset Sale Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on attached to the reverse of the Note Notes completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days Business Days before the Purchase Date; (g7) that Holders shall will be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) 8) that, if the aggregate principal amount of Notes and other Senior Indebtedness surrendered by Holders holders thereof exceeds the Offer Amount, the Issuers shall Company will select the Notes and other Senior Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other pari passu Indebtedness tendered or required to be prepaid or redeemed, and thereafter the Trustee will select the Notes to be purchased on a pro rata basis (subject to the Depositary’s Applicable Procedures with respect to Global Notes) based on the principal amount tendered (with, in each case, such adjustments as may be deemed appropriate by the Issuers Company or the Trustee, as applicable, so that only Notes in minimum denominations of $2,000 2,000, or an integral multiples multiple of $1,000 in excess thereof, shall will be purchased; provided that any unpurchased portion of a Note must be in a minimum denomination of $2,000); and (i9) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shallCompany will, to the extent lawful, accept for payment, payment (on a pro rata basis to the extent necessary), the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers shall Company will promptly issue a new Note, and the Trustee, upon written request from the IssuersCompany, shall will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted 52 shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers shall Company will publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Adient PLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, a depositary, if appointed by the Depositary Issuers, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary depositary or the Paying Agent, as the case may be, receivesreceive, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (World Almanac Education Group Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 5.06 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days business days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days business days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 5.06 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 4.03 and Section 4.11 5.06 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a Depositary, if appointed by the Depositary Company, or the Paying Agent a paying agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agentpaying agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.094.03. The IssuersCompany, the Depositary or the Paying Agentpaying agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.094.03, any purchase pursuant to this Section 3.09 4.03 shall be made pursuant to the provisions of Sections 3.01 through 3.063.03 of the Original Indenture.

Appears in 1 contract

Sources: First Supplemental Indenture (Premier Parks Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be Issuer is required to commence an offer to all Holders to purchase Notes pursuant to (as defined in Section 4.11 (4.10(b), an “Asset Sale Excess Proceeds Offer”), they it shall follow the procedures specified below. The Asset Sale Excess Proceeds Offer shall remain open for be made to all Holders at a period purchase price equal to 100% of 20 Business Days following its commencement the principal amount thereof, plus accrued and no longerunpaid interest thereon, except if any, to the extent that a longer period is required by applicable law purchase date (subject to the “Offer Period”right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date as set forth below). No later than five Business Days after the As promptly as practicable following termination of the Offer Period offer period (the “Purchase Date”), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 apply all Allocable Excess Proceeds (the “Offer Amount”) to the purchase of Notes or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Excess Proceeds Offer. Payment for any Notes so purchased shall will be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall interest, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Excess Proceeds Offer. Upon the commencement of an Asset Sale Offer Excess Proceeds Offer, the Issuers shall sendIssuer will send or cause to be sent, by first class mail, a notice to the Trustee and each of the HoldersHolders at the address appearing in the security register, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall statestating: (a) that the Asset Sale Excess Proceeds Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Excess Proceeds Offer shall will remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Excess Proceeds Offer shall will cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Excess Proceeds Offer may elect to have Notes purchased only in minimum denominations of $2,000 100,000 or £50,000, as the case may be, and in multiple integrals integral multiples of $1,000 or £1,000, respectively, in excess thereof onlythereof, except that a Holder may elect to have all of the Notes held by such Holder purchased even if not an integral multiple of $1,000 (in excess of $100,000) or £1,000 (in excess of £50,000); (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Excess Proceeds Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of attached to the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, a Depositary, if appointed by the Depositary Issuer, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered procedure for purchase and a statement that such Holder is withdrawing his an election to have such Note purchasedtender; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall Issuer will select the Notes to be purchased on a pro rata basis based on the principal amount of Notes surrendered (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 100,000 or integral multiples of $1,000 in excess thereof or of £50,000 or integral multiples of £1,000 in excess thereof, shall as the case may be, will be purchased); and (i) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Excess Proceeds Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The IssuersIssuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Issuer for purchase, and the Issuers Issuer shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall Issuer will authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Issuer to the Holder thereof. The Issuers shall Issuer will publicly announce the results of the Asset Sale Excess Proceeds Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (NTL:Telewest LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest and Liquidated Damages, if any, after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Onepoint Communications Corp /De)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request receipt of an Authentication Order from the IssuersCompany, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Sycamore Park Convalescent Hospital)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid on such interest payment date to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment purchase shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment purchase pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note their interests in Global Notes by book-entry transfer, to the IssuersCompany, a depositary (the Depositary "depositary"), if appointed by the Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for paymentpurchase, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer's Certificate stating that such Notes or portions thereof were accepted for payment purchase by the Issuers Company in accordance with the terms of this Section 3.093.09 and that the Asset Sale Offer has been made in accordance with the provisions of Sections 3.09 and 4.10 of this Indenture. The IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Avista Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Impac Group Inc /De/)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers Issuer shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Issuer shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The IssuersIssuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Issuer for purchase, and the Issuers Issuer shall promptly issue a new Note, and the Trustee, upon written request from the IssuersIssuer, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Issuer to the Holder thereof. The Issuers Issuer shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: First Supplemental Indenture (Charter Communications, Inc. /Mo/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address Address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Northland Cable Television Inc)

Offer to Purchase by Application of Excess Proceeds. (a) In the event that that, pursuant to Section 4.12 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 and holders of other pari passu Indebtedness (an “Asset Sale Offer”), they it shall follow the procedures specified below. . (b) The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.12 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest and Additional Interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an the Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, which shall not be later than 10 days after the Company becomes obligated to make an Asset Sale offer with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Subordinated Indenture (Pilgrims Pride Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, send a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, Amount and the purchase price and the Purchase Dateprice; (c) that any Note not tendered or accepted for payment shall continue to accrue interestinterest and Additional Interest, if any; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Additional Interest, if any, after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, properly endorsed for transfer, together with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer completed and such customary documents as the Note by book-entry transferCompany may reasonably request, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (gf) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hg) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Parity Lien Debt surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Trustee shall select the Notes and Parity Lien Debt to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and Parity Lien Debt (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (ih) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (surrendered, which unpurchased portion must be equal to $2,000 in principal amount or transferred by book-entry transfer)an integral multiple of $1,000 in excess of $2,000. On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Trustee shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Linn Energy, LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.11 hereof, the Issuers Trust shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five ten Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Trust shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Trust shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Trust defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersTrust, a depositary, if appointed by the Depositary Trust, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersTrust, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trust shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trust so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Trust shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Trust in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.this

Appears in 1 contract

Sources: Indenture (Experience Management LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata PRO RATA basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary Depository or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Pillowtex Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Key Energy Group Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 twenty (20) Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law Applicable Law (the “Offer Period”). No later than five (5) Business Days after the termination of the Offer Period (the “Purchase Settlement Date”), the Issuers Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tenderedvalidly tendered (and not validly withdrawn), all Notes validly tendered (and not validly withdrawn) in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless prescribed in the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale OfferNotes. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mailmail (or otherwise deliver in accordance with the procedures of DTC), a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); (b) the Offer Amount, the purchase price and the Purchase Settlement Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Settlement Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the a Paying Agent at the address specified in the notice at least three days notice, before the Purchase Termination Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary Company or the applicable Paying Agent, as the case may be, receives, not later than prior to the expiration of the Offer PeriodTermination Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase purchase, and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders Holders, and Parity Lien Obligations surrendered by holders or lenders, collectively, exceeds the Offer Amountamount the Company is required to repurchase, the Issuers Notes and Parity Lien Obligations shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by on the Issuers so basis of the aggregate principal amount of tendered Notes and Parity Lien Obligations; provided, however, that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereofof $2,000, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or appropriate adjustments to the amount and beneficial interests in a Global Note if transferred by book-entry transfer). On or before If any of the Purchase Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to accord with the Applicable Procedures of the Depository applicable to repurchases. Promptly after the Termination Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of payment Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than in the Offer Amount has been tendered, all Notes tenderedaggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.09 and Section 4.10. The IssuersPrior to 11:00 a.m., New York City time, on the Settlement Date, the Depositary Company or the applicable Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver distribute to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuersreceipt of a Company Order, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrenderedsurrendered (or appropriate adjustments to the amount and beneficial interests in the Global Note will be made as appropriate). Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. thereof The Issuers Company shall publicly announce the results of the Asset Sale Offer on or before the Purchase Settlement Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Calumet Specialty Products Partners, L.P.)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be Company is required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they shall it will follow the procedures specified below. The Asset Sale Offer shall be made to all Holders. The Asset Sale Offer will remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 Company will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes (on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall will be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest shall will be paid to the Person in whose name a Note is registered at the close of business on such record dateRecord Date, and no Special Interest shall additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall Company will send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Offer, shall will state: (a1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall will remain open; (b2) the Offer Amount, the purchase price and the Purchase Date; (c3) that any Note not tendered or accepted for payment shall will continue to accrue interest; (d4) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall will cease to accrue interest after the Purchase Date; (e5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals principal amount or integral multiples of $1,000 in excess thereof onlythereof, or if PIK Interest is paid, a minimum of $1.00 and integral multiples of $1.00 (in each case, in aggregate principal amount); (f6) that Holders electing to have a Note Notes purchased pursuant to any Asset Sale Offer shall will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on attached to the reverse of the Note Notes completed, or transfer the Note by book-book entry transfer, to the IssuersCompany, a Depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g7) that Holders shall will be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a an electronic image scan or facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) 8) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall Trustee will select the Notes to be purchased on a pro rata basis based on the principal amount of Notes surrendered (with such adjustments as may be deemed appropriate by the Issuers Holdco so that only Notes in minimum denominations of $2,000 in principal amount, or integral multiples of $1,000 in excess thereof, shall will be purchased, or if PIK Interest is paid, a minimum of $1.00 and integral multiples of $1.00); and; (i9) that Holders whose Notes were purchased only in part shall will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-book entry transfer); and (10) any other procedures the Holders must follow in order to tender their Notes (or portions thereof) for payment and the procedures that Holders must follow in order to withdraw an election to tender Notes (or portions thereof) for payment. On or before the Purchase Date, the Issuers shallCompany will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall will promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers shall Company will promptly issue a new Note, and the Trustee, upon written request from receipt of an Authentication Order, will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to such Holder (it being understood that, notwithstanding anything in this Indenture to the Issuerscontrary, shall no Opinion of Counsel or Officer’s Certificate of the Company is required for the Trustee to authenticate and mail or deliver such new Note to such HolderNote), in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers shall Company will publicly announce the results of the Asset Sale Offer on or as soon as practicable after the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof. To the extent that the provisions of any securities laws or regulations conflict with Section 4.10, this Section 3.09 or other provisions of this Indenture, the Company shall comply with applicable securities laws and regulations and shall not be deemed to have breached its obligations under Section 4.10, this Section 3.09 or such other provision by virtue of such compliance.

Appears in 1 contract

Sources: Note Purchase Agreement (Moneygram International Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they the Issuers shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 3.09, the Issuers’ compliance with such laws and regulations shall not in and of itself cause a breach of their obligations under this Section 3.09. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of amounts equal to $2,000 and in multiple integrals or integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, a depositary, if appointed by the Depositary Issuers, or the a Paying Agent at the address specified in the notice at least three days Business Days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued at the expense of the Issuers new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuersreceipt of an Authentication Order, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Charter Communications Inc /Mo/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depository, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depository or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his or her election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary depository or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof. Upon completion of an Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero.

Appears in 1 contract

Sources: Indenture (Finlay Enterprises Inc /De)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase holders of Notes pursuant to Section 4.11 and Pari Passu Notes (an “Asset Sale Offer”)) to purchase the maximum principal amount (or accreted value, they as applicable, of Notes and Pari Passu Notes that may be purchased out of Excess Proceeds) of Notes and Pari Passu Notes it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company shall purchase the principal amount (or accreted value, as applicable) of Notes and Pari Passu Notes required to be purchased pursuant to Section 4.11 4.10 hereof (on a pro rata basis if Notes and Pari Passu Notes tendered are in excess of the Excess Proceeds) (which maximum principal amount of Notes shall be the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes and Pari Passu Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days Business Days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount (or accreted value, as applicable) of Notes surrendered and Pari Passu Notes tendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes and Pari Passu Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes and Pari Passu Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes and Pari Passu Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes, Pari Passu Notes or portions thereof tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes, and Pari Passu Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on no later than the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Sba Communications Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest or Liquidated Damages, if any, shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Liquidated Damages after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer's Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary Depository or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon the written request from order of the IssuersCompany signed by two Officers of the Company, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.06Section 3.06 hereof.

Appears in 1 contract

Sources: Indenture (Wheeling Pittsburgh Corp /De/)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Issuer shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete Accreted Value and accrue interest; (d) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete Accreted Value and accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, the Depositary Depositary, if appointed by the Issuer, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount Principal Amount at Maturity of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount Accreted Value on the Purchase Date of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Issuer shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 1,000 Principal Amount at Maturity, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount Principal Amount at Maturity to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata PRO RATA basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The IssuersIssuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder ▇▇▇▇▇▇ and accepted by the Issuers Issuer for purchase, and the Issuers Issuer shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Issuer shall authenticate and mail or deliver such new Note to such Holder, in a principal amount Principal Amount at Maturity equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Issuer to the Holder thereof. The Issuers Issuer shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.3.06 hereof

Appears in 1 contract

Sources: Indenture (Restaurant Co)

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers shall purchase the principal amount at maturity of Notes required to be purchased pursuant to Section 4.11 (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: : 50 51 (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Charter Communications Holdings Capital Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 7.7(f) hereof, the Issuers Company or the Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. . (a) The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Company or the Issuer shall purchase the aggregate principal amount amount, plus accrued and unpaid interest, if any (except as provided in Section 3.3(c) hereof), of Notes and other Pari Passu Debt required to be purchased by it pursuant to Section 4.11 7.7(f) hereof (on a pro rata basis if Notes and Pari Passu Debt tendered are in excess of the Excess Proceeds) (which maximum amount shall be the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes and other Pari Passu Debt tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. . (b) If the Purchase Date is on or after an interest record date Regular Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record dateRegular Record Date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. . (c) Upon the commencement of an Asset Sale Offer Offer, the Issuers Company or the Issuer shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (ai) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.3 and Section 4.11 7.7(f) hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (cii) that any Note not tendered or accepted for payment shall continue to accrue interest; (diii) that, unless the Issuers default Company or the Issuer, as applicable, defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (eiv) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in a minimum denominations denomination of $2,000 and in multiple integrals of $1,000 in excess thereof only; (fv) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary Company or the Issuer, a Depositary, if appointed by the Company or the Issuer, or a Paying Agent Agent, at the address specified in the notice at least three days before the Purchase Date; (gvi) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Issuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hvii) that, if the aggregate principal amount of Notes and other Pari Passu Debt surrendered by Holders exceeds the Offer Amount, the Issuers Company or the Issuer shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company or the Issuer so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (iviii) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). . (d) On or before the Purchase Date, the Issuers Company or the Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes and other Pari Passu Debt, or portions thereof thereof, tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes and other Pari Passu Debt tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company or the Issuer in accordance with the terms of this Section 3.093.3. The IssuersCompany, the Issuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company or the Issuer for purchase, and if the Issuers Note surrendered was a certificated Note, the Company or the Issuer shall promptly issue a new certificated Note, without service charge, and the Trustee, upon written request from the Issuersreceipt of a Company Order, shall authenticate and mail mail, or deliver cause to be transferred by book entry, such new certificated Note to such Holder, in a principal amount equal to any unpurchased portion of the certificated Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company or the Issuer to the Holder thereof. The Issuers Company or the Issuer shall publicly announce the results of the Asset Sale Offer on or as soon as reasonably practicable after the Purchase Date. Other than as specifically provided . (e) The Company and the Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in this Section 3.09, any purchase connection with each repurchase of Notes pursuant to this Section 3.09 shall be made pursuant to an Asset Sale Offer. To the extent that the provisions of Sections 3.01 through 3.06any securities laws or regulations conflict with the Indenture, the Company and the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Indenture with respect to Asset Sale Offers by virtue of such compliance.

Appears in 1 contract

Sources: First Supplemental Indenture (Cit Group Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.17 hereof, the Issuers Company shall be required to commence an offer Asset Sale Offer to all Holders to purchase of Notes pursuant to and certain holders of First Lien Debt secured by Collateral, as provided in Section 4.11 (an “Asset Sale Offer”4.17(c), they shall it will follow the procedures specified below. in this Section 3.10 and in Section 4.17: (a) The Asset Sale Offer will commence as set forth in Section 4.17(c) and shall remain open for a period of at least 20 Business Days following its commencement and no longernot more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Asset Sale Offer Period”). No later than five Business Days after . (b) Promptly following the termination expiration of the Asset Sale Offer Period (the “Asset Sale Purchase Date”), the Issuers Company shall purchase apply the Excess Proceeds to purchase, prepay or redeem, as applicable, the maximum principal amount of Notes required to and such First Lien Debt secured by Collateral (plus the payment of all accrued interest thereon, and all fees and expenses, including premiums, incurred in connection therewith) that may be purchased pursuant to Section 4.11 purchased, prepaid or redeemed out of such Excess Proceeds (on a pro rata basis, if applicable) (the “Offer Asset Sale Purchase Amount”). (c) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased in an Asset Sale Offer shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to . (d) If the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date a Record Date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest shall will be paid to the Person in whose name a Note is registered at the close of business on such record dateRecord Date, and no Special Interest shall additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer. . (e) Upon the commencement of an Asset Sale Offer Offer, the Issuers shall sendCompany will send or cause to be sent, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall will govern the terms of the Asset Sale Offer, shall will state: (a1) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.10 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.Section

Appears in 1 contract

Sources: Indenture

Offer to Purchase by Application of Excess Proceeds. In the event that the Issuers Company shall be required to commence an offer to all Holders to purchase Notes and pari passu Indebtedness, including the Dollar Notes, pursuant to Section 4.11 4.10 hereof (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes and pari passu Indebtedness, including the Dollar Notes, required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes and pari passu Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, Offer shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations integral multiples of $2,000 and in multiple integrals of $1,000 in excess thereof eurodollars1,000 only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder ▇▇▇▇▇▇ is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes and pari passu Indebtedness, including the Dollar Notes, to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 eurodollars1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes and pari passu Indebtedness, including the Dollar Notes, or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes and such pari passu Indebtedness tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (360networks Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to 0 hereof, the Issuers Company shall be required to commence an offer Asset Sale Offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”)Notes, they it shall follow the procedures specified below. The Company shall complete the Asset Sale Offer no earlier than 30 days and no later than 60 days after notice of the Asset Sale Offer is provided to the Holders or such later date as may be required by applicable law. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longercommencement, except or longer to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.06 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid on such interest payment date to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 0 and Section 4.11 and 0 hereof, the length of time the Asset Sale Offer shall remain openopen and the Purchase Date; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note or portion thereof not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note or portion thereof accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note or portion thereof purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof onlyonly unless all Notes of such Holders are purchased; (f) that Holders electing to have a Note or portion thereof purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, together with such Note's Attached Warrants, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the applicable portion of the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election election, in whole or in part, if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of second Business Day prior to the Offer PeriodPurchase Date, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is Ho▇▇▇▇ ▇s withdrawing his election to have all or a portion of such Note purchasedpurchased and a statement of the principal amount for which such Ho▇▇▇▇ ▇s withdrawing its election (it being understood that in the absence of such a statement it shall be assumed that such election is being withdrawn in toto); provided that after such election exercise of the Attached Warrants may not occur absent such withdrawal unless the Company does not purchase the Notes as to which such election is made; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis based on the principal amount of Notes surrendered for purchase (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered together with such Notes' Attached Warrants (or transferred by book-entry transfer), which new Notes shall be attached to Attached Warrants bearing a Like Warrant Number. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrenderedsurrendered together with such Note's Attached Warrants, which new Notes shall be attached to Attached Warrants bearing a Like Warrant Number. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.090, any purchase pursuant to this Section 3.09 0 shall be made pursuant to the provisions of Sections 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Allegheny Energy Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Issuer shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers Issuer shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”) or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest a record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Issuer shall send, by first class mailmail or deliver electronically, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Issuer defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations principal amounts of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof onlythereof; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersIssuer, a depositary, if appointed by the Depositary Issuer, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersIssuer, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Issuer shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Issuer so that only Notes in minimum denominations of $2,000 2,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Issuer in accordance with the terms of this Section 3.09. The IssuersIssuer, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Issuer for purchase, and the Issuers Issuer shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Issuer shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Issuer to the Holder thereof. The Issuers Issuer shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.063.06 hereof.

Appears in 1 contract

Sources: Indenture (Nexstar Broadcasting Group Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the Accreted Value or principal amount amount, as the case may be, of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals integral multiples of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount at maturity of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount at maturity of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (Crown Castle International Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.Sale

Appears in 1 contract

Sources: Indenture (Madison River Capital LLC)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.12 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes Securities required to be purchased pursuant to Section 4.11 4.12 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes Securities tendered in response to the Asset Sale Offer. Payment for any Notes Securities so purchased shall be made in the same manner as interest Interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment made pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase DateSection 2.1(a)(3). If the Purchase Date is on or after an interest a record date and on or before the related interest payment dateInterest Payment Date, any accrued and unpaid interest Interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note Security is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders Securityholders who tender Notes Securities pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and to each of the HoldersSecurityholders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders Securityholders to tender Notes Securities pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all HoldersSecurityholders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.8 and Section 4.11 4.12 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note Security not tendered or accepted for payment shall continue to accrete or accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note Security accepted for payment pursuant to the Asset Sale Offer shall cease to accrete or accrue interest after the Purchase Date; (e) that Holders Securityholders electing to have a Note Security purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Security purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Security purchased; (f) that Holders Securityholders electing to have a Note Security purchased pursuant to any Asset Sale Offer shall be required to surrender the NoteSecurity, with the form entitled "Option of Holder Securityholder to Elect Purchase" on the reverse of the Note Security completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders Securityholders shall be entitled to withdraw their election if the IssuersCompany, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the HolderSecurityholder, the principal amount of the Note Security the Holder Securityholder delivered for purchase and a statement that such Holder Securityholder is withdrawing his election to have such Note Security purchased; (h) that, if the aggregate principal amount of Notes Securities surrendered by Holders Securityholders exceeds the Offer Amount, the Issuers Company shall select the Notes Securities to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes Securities in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders Securityholders whose Notes Securities were purchased only in part shall be issued new Notes Securities equal in principal amount to the unpurchased portion of the Notes Securities surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes Securities or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes Securities tendered, and shall deliver to the Trustee an Officers' Certificate stating that such Notes Securities or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.8. The IssuersCompany, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder Securityholder an amount equal to the purchase price of the Notes Securities tendered by such Holder Securityholder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new NoteSecurity, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note Security to such HolderSecurityholder, in a principal amount equal to any unpurchased portion of the Note Security surrendered. Any Note Security not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder Securityholder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.093.8, any purchase pursuant to this Section 3.09 3.8 shall be made pursuant to the provisions of Sections 3.01 3.1 through 3.063.6 hereof.

Appears in 1 contract

Sources: Indenture (Harvard Industries Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an “Asset Sale Offer”"ASSET SALE OFFER"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the “Offer Period”"OFFER PERIOD"). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”"PURCHASE DATE"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the “Offer Amount”"OFFER AMOUNT") or, if less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Liquidated Damages, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest or Liquidated Damages, if any, shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest and Liquidated Damages after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may only elect to have Notes all of such Note purchased in minimum denominations and may not elect to have only a portion of $2,000 and in multiple integrals of $1,000 in excess thereof onlysuch Note purchased; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depository, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depository or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Trustee shall select the Notes to be purchased on a pro rata PRO RATA basis (with such adjustments as may be deemed appropriate by the Issuers Trustee so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers Company shall, to the extent lawful, accept for payment, on a pro rata PRO RATA basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Officer's Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.09. The IssuersCompany, the Depositary Depository or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon the written request from order of the IssuersCompany signed by two Officers of the Company, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections Section 3.01 through 3.06Section 3.06 hereof.

Appears in 1 contract

Sources: Indenture (WHX Corp)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest payment record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender in respect of Notes tendered pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 3.10 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default Company defaults in making such payment, any Note (or portion thereof) accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the IssuersCompany, a depositary, if appointed by the Depositary Company, or the a Paying Agent at the address specified in the notice at least three days before not later than the Purchase Datethird Business Day preceding the end of the Offer Period; (gf) that Holders shall be entitled to withdraw their election if the IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, receives, not later than the expiration third Business Day preceding the end of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (hg) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers Company shall select the Notes to be purchased on a pro rata basis in accordance with Section 3.02 hereof (with such adjustments as may be deemed appropriate by the Issuers Company so that only Notes in minimum denominations of $2,000 1,000, or integral multiples of $1,000 in excess thereof, shall be purchased); and (ih) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before 12:00 p.m. (New York City time) on each Purchase Date, the Company shall irrevocably deposit with the Trustee or Paying Agent in immediately available funds the aggregate purchase price with respect to a principal amount of Notes equal to the Offer Amount, together with accrued and unpaid interest thereon to the Purchase Date, to be held for payment in accordance with the terms of this Section 3.10. On or before the Purchase Date, the Issuers Company shall, to the extent lawful, (i) accept for payment, on a pro rata basis to the extent necessary, payment in accordance with Section 3.02 hereof the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer Offer, or if less than the Offer Amount has been tendered, all Notes tendered, (ii) deliver or cause the Paying Agent or depositary, as the case may be, to deliver to the Trustee Notes so accepted and shall (iii) deliver to the Trustee an Officers’ Officer's Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers Company in accordance with the terms of this Section 3.093.10. The IssuersCompany, the Depositary depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days Business Days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers Company for purchase, plus any accrued and unpaid interest thereon to the Purchase Date, and the Issuers Company shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, Company shall authenticate and mail or deliver such new Note to such Holder, equal in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers Company to the Holder thereof. The Issuers Company shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.093.10, any purchase pursuant to this Section 3.09 3.10 shall be made pursuant to the provisions of Sections 3.01 through 3.063.07 hereof.

Appears in 1 contract

Sources: Indenture (Duane Reade Inc)

Offer to Purchase by Application of Excess Proceeds. In the event that that, pursuant to Section 4.10 hereof, the Issuers Company shall be required to commence an offer to all Holders to purchase Notes pursuant to Section 4.11 (an "Asset Sale Offer"), they it shall follow the procedures specified below. The Asset Sale Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the "Purchase Date"), the Issuers Company shall purchase the principal amount of Notes required to be purchased pursuant to Section 4.11 4.10 hereof (the "Offer Amount") or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. Unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date. If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no Special Interest additional interest shall be payable to Holders who tender Notes pursuant to the Asset Sale Offer. Upon the commencement of an Asset Sale Offer Offer, the Issuers Company shall send, by first class mail, a notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: : (a) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.11 4.10 hereof and the length of time the Asset Sale Offer shall remain open; (b) the Offer Amount, the purchase price and the Purchase Date; (c) that any Note not tendered or accepted for payment shall continue to accrue interest; (d) that, unless the Issuers default in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; (e) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may elect to have Notes purchased in minimum denominations of $2,000 and in multiple integrals of $1,000 in excess thereof only; (f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer the Note by book-entry transfer, to the Issuers, the Depositary or the Paying Agent at the address specified in the notice at least three days before the Purchase Date; (g) that Holders shall be entitled to withdraw their election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; (h) that, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Issuers shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, shall be purchased); and (i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). On or before the Purchase Date, the Issuers shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer or if less than the Offer Amount has been tendered, all Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers shall promptly issue a new Note, and the Trustee, upon written request from the Issuers, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers shall publicly announce the results of the Asset Sale Offer on the Purchase Date. Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

Appears in 1 contract

Sources: Indenture (L 3 Communications Corp)