Common use of Appointment of Remarketing Agent Clause in Contracts

Appointment of Remarketing Agent. In connection with the conversion by the Company of any Note as set forth in Section 207 hereof, the Company shall enter into a remarketing agreement with a Remarketing Agent on or prior to the remarketing of such Notes, which Remarketing Agent shall be responsible for the remarketing of such Notes. When any Note is tendered under Section 208 hereof to the Remarketing Agent for remarketing, the Remarketing Agent will use its reasonable efforts to remarket such Note on behalf of the Beneficial Owner thereof at a price equal to 100% of the principal amount thereof. The Remarketing Agent may purchase tendered Notes for its own account in a remarketing, but will not be obligated to do so. The Company may offer to purchase Notes in a remarketing, provided that the interest rate established with respect to Notes in such remarketing is not different from the interest rate that would have been established if the Company had not purchased such Notes. Any Notes for which the Company shall have given a notice of redemption to the Trustee and the Remarketing Agent will not be considered in a remarketing. (b)

Appointment of Remarketing Agent. In connection with the conversion by the Company of any Note as set forth in Section 207 hereof, the Company shall enter into a remarketing agreement with a Remarketing Agent on or prior to the remarketing of such Notes, which Remarketing Agent shall be responsible for the remarketing of such Notes. When any Note is tendered under Section 208 hereof to the Remarketing Agent for remarketing, the Remarketing Agent will use its reasonable efforts to remarket such Note on behalf of the Beneficial Owner thereof at a price equal to 100% of the principal amount thereof. The Remarketing Agent may purchase tendered Notes for its own account in a remarketing, but will not be obligated to do so. The Company may offer to purchase Notes in a remarketing, provided PROVIDED that the interest rate established with respect to Notes in such remarketing is not different from the interest rate that would have been established if the Company had not purchased such Notes. Any Notes for which the Company shall have given a notice of redemption to the Trustee and the Remarketing Agent will not be considered in a remarketing. (b).

Appointment of Remarketing Agent. In connection with the conversion by the Company of any Note as set forth in Section 207 hereof, the Company shall enter into a remarketing agreement with a Remarketing Agent on or prior to the remarketing of such Notes, which Remarketing Agent shall be responsible for the remarketing of such Notes. When any Note is tendered under Section 208 hereof to the Remarketing Agent for remarketing, the Remarketing Agent will use its reasonable efforts to remarket such Note on behalf of the Beneficial Owner thereof at a price equal to 100% of the principal amount thereof. The Remarketing Agent may purchase tendered Notes for its own account in a remarketing, but will not be obligated to do so. The Company may offer to purchase Notes in a remarketing, provided that the interest rate established with respect to Notes in such remarketing is not different from the interest rate that would have been established if the Company had not purchased such Notes. Any Notes for which the Company shall have given a notice of redemption to the Trustee and the Remarketing Agent will not be considered in a remarketing. (b).