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

Effect of Fundamental Change Purchase Notice. Upon receipt by the Paying Agent of a Fundamental Change Purchase Notice specified in Section 15.02, the Holder of the Note in respect of which such Fundamental Change Purchase Notice was given shall (unless such Fundamental Change Purchase Notice is withdrawn in accordance with Section 15.04) thereafter be entitled to receive solely the Fundamental Change Purchase Price in cash with respect to such Note (and any previously accrued and unpaid interest on such Note). Such Fundamental Change Purchase Price shall be paid to such Holder, subject to receipt of funds by the Paying Agent, on the later of (x) the applicable Fundamental Change Purchase Date (provided the conditions in Section 15.02 have been satisfied) and (y) the time of delivery or book-entry transfer of such Note to the Paying Agent by the Holder thereof in the manner required by Section 15.02, subject in each case to extensions to comply with applicable law.

Appears in 4 contracts

Samples: Indenture (Kite Realty Group Trust), Indenture (Braemar Hotels & Resorts Inc.), Federal Realty OP LP

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Effect of Fundamental Change Purchase Notice. Upon receipt by the Paying Agent of a Fundamental Change Purchase Notice specified in Section 15.023.02, the Holder of the Note Security in respect of which such Fundamental Change Purchase Notice was given shall (unless such Fundamental Change Purchase Notice is withdrawn in accordance with Section 15.043.04) thereafter be entitled to receive solely the Fundamental Change Purchase Price in cash with respect to such Note Security (and any previously accrued and unpaid interest on such NoteSecurity). Such Fundamental Change Purchase Price shall be paid to such Holder, subject to receipt of funds by the Paying Agent, on the later of (x) the applicable Fundamental Change Purchase Date (provided the conditions in Section 15.02 3.02 have been satisfied) and (y) the time of delivery or book-entry transfer of such Note Security to the Paying Agent by the Holder thereof in the manner required by Section 15.023.02, subject in each case to extensions to comply with applicable law.,

Appears in 2 contracts

Samples: Mfa Financial (Mfa Financial, Inc.), Granite Point Mortgage Trust Inc.

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Effect of Fundamental Change Purchase Notice. Upon receipt by the Paying Agent of a Fundamental Change Purchase Notice specified in Section 15.023.02, the Holder of the Note Security in respect of which such Fundamental Change Purchase Notice was given shall (unless such Fundamental Change Purchase Notice is withdrawn in accordance with Section 15.043.04) thereafter be entitled to receive solely the Fundamental Change Purchase Price in cash with respect to such Note Security (and any previously accrued and unpaid interest on such NoteSecurity). Such Fundamental Change Purchase Price shall be paid to such Holder, subject to receipt of funds by the Paying Agent, on the later of (x) the applicable Fundamental Change Purchase Date (provided the conditions in Section 15.02 3.02 have been satisfied) and (y) the time of delivery or book-entry transfer of such Note Security to the Paying Agent by the Holder thereof in the manner required by Section 15.023.02, subject in each case to extensions to comply with applicable law.

Appears in 1 contract

Samples: Supplemental Indenture (Granite Point Mortgage Trust Inc.)

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