Common use of Effect of Designated Event Purchase Notice Clause in Contracts

Effect of Designated Event Purchase Notice. Upon receipt by the Paying Agent of the Designated Event Purchase Notice specified in Section 10.07, the Holder of the Note in respect of which such Designated Event Purchase Notice was given shall (unless such Designated Event Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Designated Event Payment with respect to such Note. Such payment shall be paid to such Holder, subject to receipt of consideration for the Notes by the Paying Agent, promptly following the later of (x) the Designated Event Purchase Date with respect to such Note (provided the conditions in Section 10.07, as the case may be, have been satisfied) and (y) the time of delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 10.07, as the case may be. Notes in respect of which a Designated Event Purchase Notice has been given by the Holder thereof may not be converted on or after the date of the delivery of such Designated Event Purchase Notice unless such Designated Event Purchase Notice has first been validly withdrawn as specified in the following two paragraphs. A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Designated Event Purchase Notice at any time prior to the close of business on the Business Day immediately preceding the Designated Event Purchase Date specifying:

Appears in 2 contracts

Samples: Level 3 Communications Inc, Level 3 Communications Inc

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Effect of Designated Event Purchase Notice. (a) Upon receipt by the any Paying Agent of the a properly completed Designated Event Purchase Notice specified in Section 10.07from a Holder, the Holder of the Note Security in respect of which such Designated Event Purchase Notice was given shall (unless such Designated Event Purchase Notice is withdrawn as specified in the following two paragraphsSection 3.09(b)) thereafter be entitled to receive solely the Designated Event Payment Purchase Price with respect to such NoteSecurity, subject to the occurrence of the Designated Event Effective Date and an absence of an Event of Default, or a continuation thereof (other than a Default in the payment of the Designated Event Purchase Price). Such payment Designated Event Purchase Price shall be paid to such Holder, subject to receipt of consideration for the Notes by the Paying Agent, Holder promptly following the later of (x1) the Designated Event Purchase Date with respect to such Note (provided that the conditions in Section 10.07, as the case may be, 3.08 have been satisfied) and (y2) the time of delivery of such Note Security to the a Paying Agent by the Holder thereof in the manner required by Section 10.07, as the case may be3.08(c). Notes Securities in respect of which a Designated Event Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 4 on or after the date of the delivery of such Designated Event Purchase Notice unless such Designated Event Purchase Notice has first been validly withdrawn as specified in the following two paragraphs. A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Designated Event Purchase Notice at any time prior Section 3.09(b) with respect to the close of business on the Business Day immediately preceding the Designated Event Purchase Date specifying:Securities to be converted.

Appears in 2 contracts

Samples: American Medical Systems Holdings Inc, American Medical Systems Holdings Inc

Effect of Designated Event Purchase Notice. (a) Upon receipt by the Paying Agent of the Designated Event Purchase Notice specified in Section 10.075.1(c), the Holder of the Note Security in respect of which such Designated Event Purchase Notice was given shall (unless such Designated Event Purchase Notice is withdrawn as specified in the following two paragraphsparagraph) thereafter be entitled to receive solely the Designated Event Payment Purchase Price with respect to such NoteSecurity. Such payment Designated Event Purchase Price shall be paid to such Holder, subject to receipt of consideration for the Notes cash by the Paying Agent, promptly following the later of (xa) the Designated Event Purchase Date with respect to such Note Security (provided the conditions in Section 10.07, as the case may be, 5.1(c) have been satisfied) and (yb) the time of delivery of such Note Security to the Paying Agent by the Holder thereof in the manner required by Section 10.07, as the case may be5.1(c). Notes Securities in respect of which a Designated Event Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article XII on or after the date of the delivery of such Designated Event Purchase Notice unless such Designated Event Purchase Notice has first been validly withdrawn as specified in the following two paragraphs. A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Designated Event Purchase Notice at any time prior to the close of business on the Business Day immediately preceding the Designated Event Purchase Date specifying:paragraph.

Appears in 1 contract

Samples: Immunomedics Inc

Effect of Designated Event Purchase Notice. Upon receipt by the any Paying Agent of the Designated Event Purchase Notice specified in Section 10.077.01(c), the Holder of the Note in respect of which such Designated Event Purchase Notice was given shall (unless such Designated Event Purchase Notice is withdrawn as specified in the following two paragraphsbelow) thereafter be entitled to receive solely the Designated Event Payment Purchase Price with respect to such Note. Such payment Designated Event Purchase Price shall be paid to such Holder, subject to receipt of consideration for the Notes by the Paying Agent, Holder promptly following the later of (xa) the Designated Event Purchase Date with respect to such Note (provided the conditions in Section 10.07, as the case may be, 7.01(c) have been satisfied) and (yb) the time of delivery of such Note to the a Paying Agent by the Holder thereof in the manner required by Section 10.07, as the case may be7.01(c). Notes in respect of which a Designated Event Purchase Notice has been given by the Holder thereof may not be converted into Common Stock on or after the date of the delivery of such Designated Event Purchase Notice unless such Designated Event Purchase Notice has first been validly withdrawn as specified in the following two paragraphsparagraph. A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Designated Event Purchase Notice at any time prior to the close of business on the Business Day immediately preceding the applicable Designated Event Purchase Date specifying:

Appears in 1 contract

Samples: First Supplemental Indenture (Edo Corp)

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Effect of Designated Event Purchase Notice. Upon receipt by the Paying Agent of the Designated Event Purchase Notice specified in Section 10.073.10(b), the Holder of the Note Security in respect of which such Designated Event Purchase Notice was given shall (unless such Designated Event Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Designated Event Payment Purchase Price (along with the Make Whole Premium, if any) with respect to such NoteSecurity. Such payment Purchase Price (along with the Make Whole Premium, if any) shall be paid to such Holder, subject to receipt of consideration for the Notes Securities by the Paying Agent, promptly following the later of (x) the Designated Event Purchase Date with respect to such Note Security (provided the conditions in Section 10.073.10(b), as the case may be, have been satisfied) and (y) the time of delivery of such Note Security to the Paying Agent by the Holder thereof in the manner required by Section 10.073.10(b), as the case may be. Notes Securities in respect of which a Designated Event Purchase Notice has been given by the Holder thereof may not be converted pursuant to Article 10 hereof on or after the date of the delivery of such Designated Event Purchase Notice unless such Designated Event Purchase Notice has first been validly withdrawn as specified in the following two paragraphs. A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Designated Event Purchase Notice at any time prior to the close of business on the Business Day immediately preceding the Designated Event Purchase Date specifying:

Appears in 1 contract

Samples: Indenture (Level 3 Communications Inc)

Effect of Designated Event Purchase Notice. Upon receipt by the Paying Agent Company of the a properly completed and executed Designated Event Purchase Notice specified in Section 10.076.3, the Holder of the Note Notes in respect of which such Designated Event Purchase Notice was given shall Notice, (unless such Designated Event Purchase Notice is withdrawn as specified in the following two paragraphs) thereafter be entitled to receive solely the Designated Event Payment Purchase Price with respect to such NoteNotes. Such payment Designated Event Purchase Price shall be paid to such Holder, subject to receipt of consideration for the Notes by the Paying Agent, Agent to such Holder promptly following the later of (xi) the Designated Event Purchase Date Date, with respect to such Note Notes (provided the conditions in Section 10.07, as the case may be, 6.2 have been satisfied) and (yii) the time of delivery or book-entry transfer of such Note Notes to the Paying Agent by the Holder thereof in the manner required by Section 10.07, as the case may be6.4. Notes in respect of which a Designated Event Purchase Notice has been given by the Holder thereof may not be converted on or after the date of the delivery of such Designated Event Purchase Notice Notice, unless such Designated Event Purchase Notice has first been validly withdrawn as specified in the following two paragraphs. A Designated Event Purchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance (with a copy to the Designated Event Purchase Notice Company) at any time prior to the close of business 5:00 p.m. New York City time on the Business Day immediately preceding prior to the Designated Event Purchase Date Date, to which it relates specifying:

Appears in 1 contract

Samples: Indenture (Aar Corp)

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