Common use of Deposit of Redemption or Purchase Price Clause in Contracts

Deposit of Redemption or Purchase Price. One Business Day prior to 10:00 a.m., Eastern Time, on any redemption date, the Company shall deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on, all Securities to be redeemed or purchased.

Appears in 15 contracts

Samples: Indenture (Annuity & Life Re Holdings LTD), Senior Indenture (Harleysville Group Inc), Kulicke and Soffa (Kulicke & Soffa Industries Inc)

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Deposit of Redemption or Purchase Price. One Business Day prior to 10:00 a.m., a.m. Eastern Time, Time on any redemption date, the Company shall deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on, all Securities to be redeemed or purchased.

Appears in 4 contracts

Samples: Pegasus Communications Corp, Pegasus Communications Corp, Pegasus Communications Corp

Deposit of Redemption or Purchase Price. One Business Day prior to 10:00 a.m., Eastern Time, on any redemption date or purchase date, the Company shall deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on, all Securities to be redeemed or purchased.

Appears in 3 contracts

Samples: Senior Indenture (Navigators Group Inc), Navigators Group Inc, Navigators Group Inc

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Deposit of Redemption or Purchase Price. One Business Day prior to Not later than 10:00 a.m., Eastern Time, on the Business Day immediately preceding any redemption date, the Company shall deposit with the Trustee or with the Paying Agent money in immediately available funds sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest on, all Securities to be redeemed or purchased.

Appears in 2 contracts

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc), Kulicke and Soffa (Kulicke & Soffa Industries Inc)

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