Common use of Effect of Change of Control Purchase Notice Clause in Contracts

Effect of Change of Control Purchase Notice. Upon receipt by any Paying Agent of the Change of Control Purchase Notice specified in Section 13.1, the Holder of the Security in respect of which such Change of Control Purchase Notice was given shall (unless such Change of Control Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Change of Control Purchase Price with respect to such Security. Such Change of Control Purchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the applicable Paying Agent, promptly following the later of (x) the Business Day following the Change of Control Purchase Date with respect to such Security (provided that the conditions in Section 13.1(c) have been satisfied) and (y) the time of delivery of such Security to a Paying Agent or to the Office or Agency referred to in Section 10.2 by the Holder thereof in the manner required by Section 13.1. Securities in respect of which a Change of Control Purchase Notice has been given by the Holder thereof may not be converted into Ordinary Shares or ADSs pursuant to Article 11 on or after the date of the delivery of such Change of Control Purchase Notice unless such Change of Control Purchase Notice has first been validly withdrawn as specified in the following two paragraphs.

Appears in 3 contracts

Samples: Indenture (Elan Corp PLC), Limited Waiver (Elan Corp PLC), Funding Agreement (Elan Corp PLC)

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Effect of Change of Control Purchase Notice. (a) Upon receipt by any the Paying Agent of the Change of Control Purchase Notice specified in Section 13.13.08(c), and regardless of whether the Security in respect of which the Change of Control Purchase Notice was given is delivered to the Paying Agent, the Holder of the Security in respect of which such Change of Control Purchase Notice was given shall (unless such Change of Control Purchase Notice is withdrawn as specified in the following two paragraphsparagraph) thereafter be entitled solely to receive solely the Change of Control Purchase Price with respect to such Security. Such Change of Control Purchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the applicable Paying Agent, promptly following the later of (x) the Business Day following the Change of Control Purchase Date with respect to such Security (provided that the conditions in Section 13.1(c) have been satisfied) and (y) the time of delivery of such Security to a the Paying Agent or to the Office or Agency referred to in Section 10.2 by the Holder thereof in the manner required by Section 13.13.08. Securities in respect of which a Change of Control Purchase Notice has been given by the Holder thereof may not be converted into Ordinary Shares or ADSs pursuant to Article 11 10 hereof on or after the date of the delivery of such Change of Control Purchase Notice unless such Change of Control Purchase Notice has first been validly and irrevocably withdrawn as specified in the following two paragraphsparagraph.

Appears in 1 contract

Samples: Covad Communications Group Inc

Effect of Change of Control Purchase Notice. Upon receipt by any the Paying Agent of the Change of Control Purchase Notice specified in Section 13.13.8(c), the Holder of the Security in respect of which such Change of Control Purchase Notice was given shall (unless such Change of Control Purchase Notice is withdrawn as specified in the following two paragraphsbelow) thereafter be entitled to receive solely the Change of Control Purchase Repurchase Price with respect to such Security. Such Change of Control Purchase Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the applicable Paying Agent, Holder promptly following the later of (xa) the Business Day following the Change of Control Purchase Repurchase Date with respect to such Security (provided that the conditions in Section 13.1(c3.8(c) have been satisfied) and (yb) the time of delivery of such Security to a the Paying Agent or to the Office or Agency referred to in Section 10.2 by the Holder thereof in the manner required by Section 13.13.8(c). Securities in respect of which a Change of Control Purchase Notice has been given by the Holder thereof may not be converted into Ordinary Shares or ADSs pursuant to Article 11 shares of Common Stock on or after the date of the delivery of such Change of Control Purchase Notice unless such Change of Control Purchase Notice has first been validly withdrawn. A Change of Control Purchase Notice may be withdrawn as specified in by means of a written notice of withdrawal delivered by the following two paragraphs.Holder to the office of the Paying Agent at any time prior to the close of business on the Repurchase Date, specifying:

Appears in 1 contract

Samples: Indenture (Family Golf Centers Inc)

Effect of Change of Control Purchase Notice. (i) Upon receipt by any Paying Agent the Debenture Trustee of the a properly completed Change of Control Purchase Notice specified in Section 13.1from a Debentureholder, the Holder Debentureholder of the Security Initial Debenture in respect of which such Change of Control Purchase Notice was given shall (unless such Change of Control Purchase Notice is withdrawn as specified in the following two paragraphssubsection 2.4(l)(ii)) thereafter be entitled to receive solely the Change of Control Purchase Price with respect to such SecurityInitial Debenture, subject to the occurrence of the Change of Control Effective Date. Such Change of Control Purchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the applicable Paying Agent, Debentureholder promptly following the later of (x1) the Business Day following the Change of Control Purchase Date with respect to such Security (provided that the conditions in Section 13.1(csubsection 2.4(k) have been satisfied) and (y2) the time of delivery of such Security Initial Debenture to a Paying Agent or to the Office or Agency referred to in Section 10.2 and actual receipt thereof by the Holder thereof Debenture Trustee in the manner required by Section 13.1subsection 2.4(k)(iii). Securities Initial Debentures in respect of which a Change of Control Purchase Notice has been given by the Holder Debentureholder thereof may not be converted into Ordinary Common Shares or ADSs pursuant to Article 11 6 on or after the date of the delivery of such Change of Control Purchase Notice unless such Change of Control Purchase Notice has first been validly withdrawn as specified in accordance with subsection 2.4(l)(ii)) with respect to the following two paragraphsInitial Debentures to be converted.

Appears in 1 contract

Samples: Zarlink Semiconductor Inc

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Effect of Change of Control Purchase Notice. (a) Upon receipt by any the Paying Agent of the Change of Control Purchase Notice specified in Section 13.13.08(c), and regardless of whether the Security in respect of which the Change of Control Purchase Notice was given is delivered to the Paying Agent, the Holder of the Security in respect of which such Change of Control Purchase Notice was given shall (unless such Change of Control Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled solely to receive solely the Change of Control Purchase Price with respect to such Security. Such Change of Control Purchase Price shall be paid to such Holder, subject to receipt receipts of funds and/or securities by the applicable Paying Agent, promptly following the later of (x) the Business Day following the Change of Control Purchase Date with respect to such Security (provided that the conditions in Section 13.1(c) have been satisfied) and (y) the time of delivery of such Security to a the Paying Agent or to the Office or Agency referred to in Section 10.2 by the Holder thereof in the manner required by Section 13.13.08. Securities in respect of which a Change of Control Purchase Notice has been given by the Holder thereof may not be converted into Ordinary Shares or ADSs pursuant to Article 11 10 hereof on or after the date of the delivery of such Change of Control Purchase Notice unless such Change of Control Purchase Notice has first been validly and irrevocably withdrawn as specified in the following two paragraphs.

Appears in 1 contract

Samples: Maxtor Corp

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