Common use of Issuance of New Debentures Clause in Contracts

Issuance of New Debentures. The Company shall cause U.S. Bank National Association, as trustee for the New Debentures, to credit each Holder’s DTC account(s) as set forth in a direction substantially in the form of Schedule A hereto, or such other DTC account as each such Holder may direct in writing at least four business days before the Closing Date, with New Debentures in the Exchange Amount against transfer and delivery to the Company of the Holders’ Old Debentures in accordance with the terms of Article 1 hereof.

Appears in 2 contracts

Samples: Exchange Agreement (Safeguard Scientifics Inc), Exchange Agreement (Safeguard Scientifics Inc)

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Issuance of New Debentures. The Company shall cause U.S. Bank National Association, as trustee for the New Debentures, to credit each Holder’s DTC account(s) as set forth in a direction substantially in the form of Schedule A hereto, or such other DTC account as each such Holder FMC may direct in writing at least four business days before the Closing Date, with New Debentures in the Exchange Amount against transfer and delivery to the Company of the Holders’ Holder’s Old Debentures in accordance with the terms of Article 1 hereof.

Appears in 1 contract

Samples: Exchange Agreement (Safeguard Scientifics Inc)

Issuance of New Debentures. The Company shall cause U.S. Bank National Association, as trustee for the New Debentures, to credit each Holder’s DTC account(s) as set forth in a direction substantially in the form of Schedule A hereto, or such other DTC account as each such Holder Zazove may direct in writing at least four business days before the Closing Date, with New Debentures in the Exchange Amount against transfer and delivery to the Company of the Holders’ Holder’s Old Debentures in accordance with the terms of Article 1 hereof.

Appears in 1 contract

Samples: Exchange Agreement (Safeguard Scientifics Inc)

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Issuance of New Debentures. The Company shall cause U.S. Bank National Association, as trustee for the New Debentures, to credit each the Holder’s DTC account(s) as set forth in a direction substantially in the form of Schedule A hereto, or such other DTC account as each such the Holder may direct in writing at least four business days before the Closing Date, with New Debentures in the Exchange Amount against transfer and delivery to the Company of the Holders’ Holder’s Old Debentures in accordance with the terms of Article 1 hereof.

Appears in 1 contract

Samples: Exchange Agreement (Safeguard Scientifics Inc)

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