Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption 24 Section 2.12. Removal of Transfer Restrictions 24 Section 2.13. Replacement Notes 25 Section 2.14. Registered Holders; Certain Rights with Respect to Global Notes 25 Section 2.15. Cancellation 26 Section 2.16. Notes Held by the Company or its Affiliates 26 Section 2.17. Temporary Notes 26 Section 2.18. Outstanding Notes 26 Section 2.19. Repurchases by the Company or its Subsidiaries 27 Section 2.20. CUSIP and ISIN Numbers 27 Article 3. Covenants 27 Section 3.01. Payment on Notes 27 Section 3.02. Exchange Act Reports 28 Section 3.03. Rule 144A Information 28 Section 3.04. Additional Interest 28 Section 3.05. Compliance and Default Certificates 29 Section 3.06. Stay, Extension and Usury Laws 30 Section 3.07. Corporate Existence 30 Section 3.08. Restriction on Acquisition of Notes by the Company and its Affiliates 30 Section 3.09. Further Instruments and Acts 30 Article 4. Repurchase and Redemption 31 Section 4.01. No Sinking Fund 31 Section 4.02. Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change 31 Section 4.03. Right of the Company to Redeem the Notes 35 Article 5. Conversion 38 Section 5.01. Right to Convert 38 Section 5.02. Conversion Procedures 42 Section 5.03. Settlement Upon Conversion 43 Section 5.04. Reserve and Status of Common Stock Issued Upon Conversion 47 Section 5.05. Adjustments to the Conversion Rate 47 Section 5.06. Voluntary Adjustments 58 Section 5.07. Adjustments to the Conversion Rate in Connection with a Make-Whole Fundamental Change 58 Section 5.08. Effect of Common Stock Change Event 60 Section 5.09. Trustee Adjustment Disclaimer 61 Article 6. Successors 62 Section 6.01. When the Company May Merge, Etc. 62 Section 6.02. Successor Corporation Substituted 62 Article 7. Defaults and Remedies 63 Section 7.01. Events of Default 63 Section 7.02. Acceleration 65 Section 7.03. Sole Remedy for a Failure to Report 65 Section 7.04. Other Remedies 66 Section 7.05. Waiver of Past Defaults 67 Section 7.06. Control by Majority 67 Section 7.07. Limitation on Suits 67 Section 7.08. Absolute Right of Holders to Institute Suit for the Enforcement of the Right to Receive Payment and Conversion Consideration 68 Section 7.09. Collection Suit by Trustee 68 Section 7.10. Trustee May File Proofs of Claim 68 Section 7.11. Priorities 69 Section 7.12. Undertaking for Costs 69 Article 8. Amendments, Supplements and Wa...
Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption 23 Section 2.12. Removal of Transfer Restrictions 24 Section 2.13. Replacement Notes 25 Section 2.14. Registered Holders; Certain Rights with Respect to Global Notes 25 Section 2.15. Cancellation 25 Section 2.16. Notes Held by the Company or its Affiliates 26 Section 2.17. Temporary Notes 26 Section 2.18. Outstanding Notes 26 Section 2.19. Repurchases by the Company 27 Section 2.20. CUSIP and ISIN Numbers 27 Article 3. Covenants 27 Section 3.01. Payment on Notes 27 Section 3.02. Exchange Act Reports 28 Section 3.03. Rule 144A Information 28 Section 3.04. Additional Interest 28 Section 3.05. Compliance and Default Certificates 29 Section 3.06. Stay, Extension and Usury Laws 30 Section 3.07. Acquisition of Notes by the Company and its Affiliates 30 Article 4. Repurchase and Redemption 30 Section 4.01. No Sinking Fund 30 Section 4.02. Right of Holders to Require the Company to Repurchase Notes upon a Fundamental Change 30 Section 4.03. Right of the Company to Redeem the Notes 35
Exchange and Cancellation of Notes to Be Converted, Redeemed or Repurchased.
Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption. 24 Section 2.12. Removal of Transfer Restrictions. 25 Section 2.13. Replacement Notes. 25 Section 2.14. Registered Holders; Certain Rights with Respect to Global Notes. 26 Section 2.15. Cancellation. 26 Section 2.16. Notes Held by the Company or its Affiliates. 26 Section 2.17. Temporary Notes. 26 Section 2.18. Outstanding Notes. 27 Section 2.19. Repurchases by the Company. 28 Section 2.20. CUSIP and ISIN Numbers. 28 Article 3. Covenants 28 Section 3.01. Payment on Notes. 28 Section 3.02. Exchange Act Reports. 28 Section 3.03. Rule 144A Information. 29 Section 3.04. Additional Interest. 29
Exchange and Cancellation. On the date hereof, pursuant to Section 3(a)(9) of the Securities Act, the Holder hereby agrees to convey, assign and transfer the Notes to the Company in exchange for which the Company agrees to issue the Rights to the Holder and, upon delivery of the Rights to the Holder, the parties shall consummate the Cancellation in accordance herewith.
Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption. 21 Section 2.12. Replacement Notes. 22 Section 2.13. Registered Holders; Certain Rights with Respect to Global Notes. 22
Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption. 25 Section 2.12. Removal of Transfer Restrictions. 26 Section 2.13. Replacement Notes. 26 Section 2.14. Registered Holders; Certain Rights with Respect to Global Notes. 27 Section 2.15. Cancellation. 27 Section 2.16. Notes Held by the Company or its Affiliates. 27 Section 2.17. Temporary Notes. 27 Section 2.18. Outstanding Notes. 28 Section 2.19. Repurchases by the Company. 28 Section 2.20. CUSIP and ISIN Numbers. 29 Article 3. Covenants 29 Section 3.01. Payment on Notes. 29 Section 3.02. Exchange Act Reports. 29 Section 3.03. Rule 144A Information. 30 Section 3.04. Additional Interest. 30 Section 3.05. Compliance and Default Certificates. 31 Section 3.06. Stay, Extension and Usury Laws. 31 Section 3.07. Acquisition of Notes by the Company and its Affiliates. 31 Article 4. Repurchase and Redemption 32 Section 4.01. No Sinking Fund. 32 Section 4.02. Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change. 32 Section 4.03. Right of the Company to Redeem the Notes. 36 Article 5. Conversion 39 Section 5.01. Right to Convert. 39 Section 5.02. Conversion Procedures. 43
Exchange and Cancellation. OF NOTES TO BE CONVERTED OR REPURCHASED PURSUANT TO A REPURCHASE UPON FUNDAMENTAL CHANGE OR REDEMPTION.
Exchange and Cancellation of Notes to Be Converted or to Be Repurchased Pursuant to a Repurchase Upon Fundamental Change......................................................... 24 Section 2.12. Removal of Transfer Restrictions...................................... 25 Section 2.13. Replacement Notes............................................................ 25 Section 2.14. Registered Holders; Certain Rights with Respect to Global Notes.................................................................................. 25 Section 2.15. Cancellation....................................................................... 26 Section 2.16. Notes Held by the Company or its Affiliates..................... 26 Section 2.17. Temporary Notes............................................................... 26 Section 2.18. Outstanding Notes.............................................................. 26 Section 2.19. Repurchases by the Company............................................ 27 Section 2.20. XXXXX and ISIN Numbers................................................. 27 Article 3... Covenants................................................................................................... 27 Section 3.01. Payment on Notes.............................................................. 27 Section 3.02. Exchange Act Reports........................................................ 28 Section 3.03. Rule 144A Information...................................................... 28 Section 3.04. Additional Interest............................................................. 29
Exchange and Cancellation. Concurrently with the effectiveness of this Agreement, Assignee and Borrower agree that Assignee will exchange the Purchased Term Loans for $12,000,000 in principal amount of Senior Notes issued by Borrower, and Borrower agrees to issue $12,000,000 in aggregate principal amount of Senior Notes, dated the Effective Date and accruing interest at the rate per annum provided for in such Senior Notes. Upon the issuance of such Senior Notes, the Purchased Term Loans shall be cancelled and the Indebtedness represented by such Purchased Term Loans shall be deemed paid and no longer outstanding under the Credit Agreement for any purpose whatsoever. Each of the parties hereto agrees that notwithstanding anything to the contrary in the Credit Agreement, that such cancellation and payment of the Indebtedness represented by the Purchased Term Loans shall be applied under the Original Credit Agreement as follows: first, to the payment of the $2,000,000 principal installment on the Term Loans due on March 31, 2002; second, of the remaining $10,000,000 in Purchased Term Loans, $5,000,000 in the aggregate shall be applied to prepay one-half of each of the $2,500,000 principal installments due on the Term Loans under the Original Credit Agreement on June 30, 2002, September 30, 2002, December 31, 2002 and March 31, 2003; and third, the remaining $5,000,000 shall be applied to prepay $5,000,000 of the $10,000,000 principal installment due on the Term Loans under the Original Credit Agreement on June 30, 2003. Assignee will have no rights under any of the Credit Documents with respect to the Senior Notes.
