Common use of Acceptance and Payment Clause in Contracts

Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.7 in writing on or prior to a date at least ten (10) Business Days prior to the Disposition Prepayment Date (such date ten (10) Business Days prior to the Disposition Prepayment Date being the “Disposition Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.7 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the date of prepayment. The prepayment shall be made on the Disposition Prepayment Date determined for prepayment pursuant to Section 8.7(a).

Appears in 3 contracts

Samples: Note Purchase Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc)

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Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.7 8.8 in writing on or prior to a date at least ten (10) Business Days prior to the Disposition Cross-Put Prepayment Date (such date ten (10) Business Days prior to the Disposition Cross-Put Prepayment Date being the “Disposition Cross-Put Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Disposition Cross-Put Response Date. Prepayment of the Notes to be made pursuant to this Section 8.7 8.8 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to thereon and the date Make-Whole Amount determined as of prepaymentthe prepayment date. The prepayment shall be made on the Disposition Cross-Put Prepayment Date determined for prepayment pursuant to Section 8.7(a8.8(a).

Appears in 3 contracts

Samples: Private Shelf Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc), Note Purchase Agreement (RGC Resources Inc)

Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.7 8.9 in writing on or prior to a date at least ten (10) Business Days prior to the Disposition Prepayment Date (such date ten (10) Business Days prior to the Disposition Prepayment Date being the “Disposition Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.7 8.9 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the date of prepaymentprepayment (but, for the avoidance of doubt, without any premium, penalty or Make-Whole Amount). The prepayment shall be made on the Disposition Prepayment Date determined for prepayment pursuant to Section 8.7(a8.9(a).

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Macquarie Infrastructure Corp)

Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.7 8.4 in writing on or prior to a date at least ten (10) Business Days prior to the Disposition Prepayment Date (such date ten (10) Business Days prior to the Disposition Prepayment Date being the “Disposition Response Date”), ) shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.7 8.4 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the date of prepaymentprepayment (but, for the avoidance of doubt, without any premium, penalty or Make-Whole Amount). The prepayment shall be made on the Disposition Prepayment Date determined for prepayment pursuant to Section 8.7(a8.4(a).

Appears in 1 contract

Samples: Note Purchase Agreement (Black Hills Corp /Sd/)

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Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.7 in writing on or prior to a date at least ten (10) Business Days prior to the Disposition Prepayment Date (such date ten (10) Business Days prior to the Disposition Prepayment Date being the “Disposition Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.7 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the date of prepaymentprepayment and, in respect of any Notes bearing a floating interest rate, any Floating Rate Index Breakage Amount determined for the prepayment date with respect to such principal amount. The prepayment shall be made on the Disposition Prepayment Date determined for prepayment pursuant to Section 8.7(a).

Appears in 1 contract

Samples: Private Shelf Agreement (RGC Resources Inc)

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