Common use of Purchase by the Company at the Option of the Holder Clause in Contracts

Purchase by the Company at the Option of the Holder. Subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase, at the option of each Holder, the Securities held by such Holder on each of March 1, 2013, March 1, 2018 and March 1, 2023 (each, an “Option Purchase Date”) at the Option Purchase Price, payable in cash, equal to one hundred percent (100%) of the principal amount of the Securities to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the Option Purchase Date, upon delivery of a Purchase Notice containing the information set forth in the Indenture, at any time from the opening of business on the date that is twenty (20) Business Days prior to the Option Purchase Date until the close of business on the Business Day immediately preceding the Option Purchase Date and upon delivery of the Securities to the Paying Agent by the Holder as set forth in the Indenture; provided, however, that such accrued and unpaid interest shall be paid to the Holder of record of such Security at the close of business on the record date immediately preceding the Option Purchase Date.

Appears in 1 contract

Sources: Indenture (Silver Standard Resources Inc)

Purchase by the Company at the Option of the Holder. Subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase, at the option of each Holder, the Securities held by such Holder on each of March April 1, 20132026, March April 1, 2018 2029 and March April 1, 2023 2034 (each, an “Option Purchase Date”) at the Option Purchase Pricea purchase price, payable in cash, equal to one hundred percent (100%) of the principal amount of the Securities to be purchasedpurchased (the “Option Purchase Price”), plus accrued and unpaid interest, if any, to, but excluding, the Option Purchase Date, upon delivery of a Purchase Notice containing the information set forth in the Indenture, at any time from the opening of business on the date that is twenty (20) Business Days prior to the Option Purchase Date until the close of business on the Business Day immediately preceding the Option Purchase Date and upon delivery of the Securities to the Paying Agent by the Holder as set forth in the Indenture; provided, however, that such accrued and unpaid interest shall be paid to the Holder of record of such Security at the close of business on the record date immediately preceding the Option Purchase Date.

Appears in 1 contract

Sources: Indenture (SSR Mining Inc.)

Purchase by the Company at the Option of the Holder. Subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase, at the option of each Holder, the Securities held by such Holder on each of March 1February 15, 2013, March 1, 2018 and March 1, 2023 2010 (each, an “Option Purchase Date”the "OPTION PURCHASE DATE") at the Option Purchase Price, payable in cash, equal to one hundred percent (100%) of the principal amount of the Securities to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the Option Purchase Date, upon delivery of a Purchase Notice containing the information set forth in the Indenture, at any time from the opening of business on the date that is twenty (20) Business Days prior to the Option Purchase Date until the close of business on the third (3rd) Business Day immediately preceding the Option Purchase Date and upon delivery of the Securities to the Paying Agent by the Holder as set forth in the Indenture; provided, however, that such accrued and unpaid interest shall be paid to the Holder of record of such Security at the close of business on the record date immediately preceding the Option Purchase Date.

Appears in 1 contract

Sources: Indenture (Suntech Power Holdings Co., Ltd.)

Purchase by the Company at the Option of the Holder. Subject to the terms and conditions of the Indenture, the Company shall become obligated to purchase, at the option of each Holder, the Securities held by such Holder on each of March 1October 15, 2013, March 1October 15, 2018 2016 and March 1October 15, 2023 2021 (each, an “Option Purchase Date”) at the an Option Purchase Price, payable in cash, equal to one hundred percent (100%) of the principal amount of the Securities to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable Option Purchase Date, upon delivery of a Purchase Notice containing the information set forth in the Indenture, at any time from the opening of business on the date that is twenty (20) Business Days prior to the applicable Option Purchase Date until the close of business on the Business Day immediately preceding the applicable Option Purchase Date and upon delivery of the Securities to the Paying Agent by the Holder as set forth in the Indenture; provided, however, that that such accrued and unpaid interest shall be paid to the Holder of record of such Security Securities at the close of business on the record date immediately preceding the such Option Purchase Date.

Appears in 1 contract

Sources: Indenture (Five Star Quality Care Inc)