Common use of Procedure upon Purchase Clause in Contracts

Procedure upon Purchase. The Company shall deposit cash (in respect of cash purchases under Section 1110 or for fractional interests, as applicable) or Common Stock, or a combination thereof, as applicable, at the time and in the manner as provided in Section 1113, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 1110. As soon as practicable after the Purchase Date, the Company shall cause to be delivered to each Holder entitled to receive Common Stock through the Paying Agent, a certificate for the number of full shares of Common Stock issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person in whose name the certificate for Common Stock is registered shall be treated as a holder of record of Common Stock on the Business Day following the Purchase Date. Subject to Section 1110, no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 3 contracts

Samples: Eleventh Supplemental Indenture (Royal Caribbean Cruises LTD), Eleventh Supplemental Indenture (Royal Caribbean Cruises LTD), Royal Caribbean Cruises LTD

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Procedure upon Purchase. The Company shall deposit cash (in respect of cash purchases under this Section 1110 3.7 or for fractional interests, as applicable) or Common StockOrdinary Shares, or a combination thereof, as applicable, at the time and in the manner as provided in Section 11133.10, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 11103.7. As soon as practicable after the Purchase Date, the Company shall cause to be delivered deliver to each Holder entitled to receive Common Stock Ordinary Shares through the Paying Agent, a certificate for the number of full shares of Common Stock Ordinary Shares issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person in whose name the certificate in global form for Common Stock the Ordinary Shares is registered shall be treated as a holder of record of Common Stock the Ordinary Shares on the Business Day following the Purchase Date. Subject to Section 1110, no No payment or adjustment will be made for dividends on the Common Stock Ordinary Shares on the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Xl Capital LTD

Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchases purchase under Section 1110 601(c) or for fractional interests, as applicable) or shares of Common Stock, or a combination thereof, as applicable, at the time and in the manner as provided in Section 1113, 604 sufficient to pay the aggregate Purchase Price of all Securities to LYONx xx be purchased pursuant to this Section 1110601. As soon as practicable after the Purchase Date, the Company shall cause to be delivered deliver to each Holder entitled to receive Common Stock through the Paying Agent, a certificate for the number of full shares of Common Stock issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person Person in whose name the certificate for Common Stock is registered shall be treated as a holder of record of shares of Common Stock on the Business Day following the Purchase Date. Subject to Section 1110601(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Solectron Corp

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Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchases under Section 1110 3.8 or for fractional interests, as applicable) or Common StockShares, or a combination thereof, as applicable, at the time and in the manner as provided in Section 11133.11, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 11103.8. As soon as practicable after the Purchase Date, the Company shall cause to be delivered deliver to each Holder entitled to receive Common Stock Shares through the Paying Agent, a certificate for the number of full shares of Common Stock Shares issuable in payment of the Purchase Price and cash in lieu of any fractional interests. The person in whose name the certificate for Common Stock Shares is registered shall be treated as a holder of record of Common Stock Shares on the Business Day following the Purchase Date. Subject to Section 11103.8(d), no payment or adjustment will be made for dividends on the Common Stock Shares the record date for which occurred on or prior to the Purchase Date.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

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