Common use of Limitation on Disposition of Assets Clause in Contracts

Limitation on Disposition of Assets. Within 10 Business Days after the Issuer becomes obligated to make an Asset Sale Offer, the Issuer shall deliver to the Trustee and to each Holder of Notes in accordance with the provisions set forth under Section 3.10 and Section 12.02 of the Indenture a written notice stating that such Holder may elect to have its Notes purchased by the Issuer, either in whole or in part (subject to prorating in the event the Asset Sale Offer is oversubscribed) and in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof at the applicable purchase price with respect to Notes. If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of Excess Proceeds, subject to applicable law, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased in accordance with Section 3.02 of the Indenture; provided, however, that no Notes of $200,000 shall be purchased in part, and Notes shall be redeemed only in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof. Holders of Notes may elect to have such Notes purchased by completing the form entitled “Option of Holders to Elect Purchase” appearing below.

Limitation on Disposition of Assets. Within 10 When the aggregate amount of Excess Proceeds from Asset Sales exceeds $5.0 million, the Company will be obligated, within 30 Business Days after the Issuer becomes obligated thereafter, to make an Asset Sale Offeroffer to purchase the maximum principal amount of Notes, that is an integral multiple of $1,000, that may be purchased out of the Issuer shall deliver Excess Proceeds at an offer price in cash in an amount equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, plus Additional Amounts, if any, and Liquidated Damages, if any, to the Trustee and date fixed for the closing of such offer (and, in the case of Definitive Notes, subject to each the right of a Holder of Notes record on the relevant record date to receive interest and Liquidated Damages, if any, due on the relevant interest payment date and Additional Amounts, if any, in accordance with the provisions set forth under Section 3.10 and Section 12.02 of the Indenture a written notice stating that such Holder may elect to have its Notes purchased by the Issuer, either in whole or in part (subject to prorating in the event the Asset Sale Offer is oversubscribed) and in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof at the applicable purchase price with respect to Notesthereof). If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of Excess Proceeds, subject to applicable law, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased redeemed in accordance with Section 3.02 of the Indenture; provided, however, that no Notes of $200,000 1,000 or less shall be purchased in part, and Notes shall be redeemed only in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “"Option of Holders to Elect Purchase” " appearing below.

Limitation on Disposition of Assets. Within 10 When the aggregate amount ----------------------------------- of Excess Proceeds from Asset Sales exceeds C5.0 million, the Company will be obligated, within 15 Business Days after the Issuer becomes obligated thereafter, to make an Asset Sale Offeroffer to purchase the maximum principal amount of Notes, that is an integral multiple of $1,000, that may be purchased out of the Issuer shall deliver Excess Proceeds at an offer price in cash in an amount equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, plus Additional Amounts, if any, and Liquidated Damages, if any, to the Trustee and to each Holder date fixed for the closing of Notes in accordance with the provisions set forth under Section 3.10 and Section 12.02 of the Indenture a written notice stating that such Holder may elect to have its Notes purchased by the Issuer, either in whole or in part (subject to prorating in the event the Asset Sale Offer is oversubscribed) and in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof at the applicable purchase price with respect to Notesoffer. If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of Excess Proceeds, subject to applicable law, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased redeemed in accordance with Section 3.02 of the Indenture; provided, however, that no Notes of $200,000 1,000 or less shall be purchased in part, and Notes shall be redeemed only in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “"Option of Holders to Elect Purchase” " appearing below.

Limitation on Disposition of Assets. Within 10 When the aggregate amount ----------------------------------- of Excess Proceeds from Asset Sales exceeds C5.0 million, the Company will be obligated, within 15 Business Days after the Issuer becomes obligated thereafter, to make an Asset Sale Offeroffer to purchase the maximum principal amount of Notes, that is an integral multiple of $1,000, that may be purchased out of the Issuer shall deliver Excess Proceeds at an offer price in cash in an amount equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, plus Additional Amounts, if any, to the Trustee and to each Holder date fixed for the closing of Notes in accordance with the provisions set forth under Section 3.10 and Section 12.02 of the Indenture a written notice stating that such Holder may elect to have its Notes purchased by the Issuer, either in whole or in part (subject to prorating in the event the Asset Sale Offer is oversubscribed) and in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof at the applicable purchase price with respect to Notesoffer. If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of Excess Proceeds, subject to applicable law, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased redeemed in accordance with Section 3.02 of the Indenture; provided, however, that no Notes of $200,000 1,000 or less shall be purchased in part, and Notes shall be redeemed only in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “"Option of Holders to Elect Purchase” " appearing below.

Limitation on Disposition of Assets. Within 10 When the aggregate amount ----------------------------------- of Excess Proceeds from Asset Sales exceeds C5.0 million, the Company will be obligated, within 15 Business Days after the Issuer becomes obligated thereafter, to make an Asset Sale Offeroffer to purchase the maximum principal amount of Notes, that is an integral multiple of $1,000, that may be purchased out of the Issuer shall deliver Excess Proceeds at an offer price in cash in an amount equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, plus Additional Amounts, if any, and Liquidated Damages, if any, to the Trustee date fixed for the closing of such offer (and to each Holder of Notes in accordance with the provisions set forth under Section 3.10 and Section 12.02 of the Indenture a written notice stating that such Holder may elect to have its Notes purchased by the Issuer, either in whole or in part (subject to prorating the right of Holders of record on the relevant record date to receive interest and Liquidated Damages, if any, due on the relevant interest payment date and Additional Amounts, if any, in the event the Asset Sale Offer is oversubscribed) and in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof at the applicable purchase price with respect to Notesthereof). If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of Excess Proceeds, subject to applicable law, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased redeemed in accordance with Section 3.02 of the Indenture; provided, however, that no Notes of $200,000 1,000 or less shall be purchased in part, and Notes shall be redeemed only in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “"Option of Holders to Elect Purchase” " appearing below.

Limitation on Disposition of Assets. Within 10 When the aggregate amount of Excess Proceeds from Asset Sales exceeds $5.0 million, the Company will be obligated, within 30 Business Days after the Issuer becomes obligated thereafter, to make an Asset Sale Offeroffer to purchase the maximum principal amount of Notes, that is an integral multiple of $1,000, that may be purchased out of the Issuer shall deliver Excess Proceeds at an offer price in cash in an amount equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, plus, Additional Amounts, if any, to the Trustee and date fixed for the closing of such offer (and, subject to each the right of a Holder of Notes record on the relevant record date to receive interest due on the relevant interest payment date and Additional Amounts, if any, in accordance with the provisions set forth under Section 3.10 and Section 12.02 of the Indenture a written notice stating that such Holder may elect to have its Notes purchased by the Issuer, either in whole or in part (subject to prorating in the event the Asset Sale Offer is oversubscribed) and in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof at the applicable purchase price with respect to Notesthereof). If the aggregate principal amount of Notes surrendered by Holders thereof exceeds the amount of Excess Proceeds, subject to applicable law, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased redeemed in accordance with Section 3.02 of the Indenture; provided, however, that no Notes of $200,000 1,000 or less shall be purchased in part, and Notes shall be redeemed only in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “"Option of Holders to Elect Purchase” " appearing below.