Common use of Procedure upon Purchase Clause in Contracts

Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c) or for fractional interests, as applicable) or shares of Common Stock, or any combination thereof, as applicable, at the time and in the manner as provided in Section 3.11, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 3.08. As soon as practicable after the later of the Purchase Date and the date such Securities are surrendered to the Paying Agent or at the office or agency referred to in Section 4.05, the Company shall 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 in whose name the certificate for Common Stock is registered shall be treated as a holder of record of such Common Stock on the Business Day following the related Purchase Date. Subject to Section 3.08(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred prior to the Purchase Date.

Appears in 2 contracts

Samples: Costco Companies Inc, Talk Radio Network Inc

AutoNDA by SimpleDocs

Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c1109(c) or for fractional interests, as applicable) or shares of Common Stock, or any combination thereof, as applicable, at the time and in the manner as provided in Section 3.111112, sufficient to pay the aggregate Purchase Price of all Securities Debentures to be purchased pursuant to this Section 3.081109. As soon as practicable after the later of the Purchase Date and the date such Securities Debentures are surrendered to the Paying Agent or at the office or agency referred to in Section 4.051002, the Company shall 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 in whose name the certificate for Common Stock is registered shall be treated as a holder of record of such Common Stock on the Business Day following the related Purchase Date. Subject to Section 3.08(d1109(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred prior to the Purchase Date.

Appears in 1 contract

Samples: Pride International Inc

Procedure upon Purchase. The Company shall deposit cash (in ----------------------- respect of a cash purchase under Section 3.08(c) or for fractional interests, as applicable) or shares of Common Stock, or any combination thereof, as applicable, at the time and in the manner as provided in Section 3.11, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 3.08. As soon as practicable after the later of the Purchase Date and the date such Securities are surrendered to the Paying Agent or at the office or agency referred to in Section 4.05, the Company shall 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 in whose name the certificate for Common Stock is registered shall be treated as a holder of record of such Common Stock on the Business Day following the related Purchase Date. Subject to Section 3.08(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred prior to the Purchase Date.

Appears in 1 contract

Samples: Indenture (Hewlett Packard Co)

Procedure upon Purchase. The Company shall deposit cash (in respect of a cash purchase under Section 3.08(c1110(c) or for fractional interests, as applicable) or shares of Common Stock, or any combination thereof, as applicable, at the time and in the manner as provided in Section 3.111113, sufficient to pay the aggregate Purchase Price of all Securities Debentures to be purchased pursuant to this Section 3.081110. As soon as practicable after the later of the Purchase Date and the date such Securities Debentures are surrendered to the Paying Agent or at the office or agency referred to in Section 4.051002, the Company shall 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 such Common Stock on the Business Day following the related Purchase Date. Subject to Section 3.08(d1110(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred prior to the Purchase Date.

Appears in 1 contract

Samples: Pride International Inc

AutoNDA by SimpleDocs

Procedure upon Purchase. The Company shall deposit cash (in ------------------------ respect of a cash purchase under Section 3.08(c14.02(c) or for fractional interests, as applicable) or shares of Common Stock, or any combination thereof, as applicable, at the time and in the manner as provided in Section 3.1114.04, sufficient to pay the aggregate Purchase Price of all Securities to be purchased pursuant to this Section 3.0814.02. As soon as practicable after the later of the Purchase Date and the date such Securities are surrendered to the Paying Agent or at the office or agency 115 referred to in Section 4.0510.02, the Company shall 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 in whose name the certificate for Common Stock is registered shall be treated as a holder of record of such Common Stock on the Business Day following the related Purchase Date. Subject to Section 3.08(d14.02(d), no payment or adjustment will be made for dividends on the Common Stock the record date for which occurred prior to the Purchase Date.

Appears in 1 contract

Samples: Xerox Corp

Time is Money Join Law Insider Premium to draft better contracts faster.