Purchase of Senior Notes. 1.1 Subject to the terms and conditions hereof, the Purchasers hereby agree to purchase from the Company, and the Company has offered and hereby agrees to issue and sell to the Purchaser $2,000,000 aggregate principal amount of the Notes due June 30, 2003, to be issued substantially in the form attached hereto as Exhibit B for delivery at the respective offices of the Purchasers, against payment to the Company of the respective amounts set forth opposite the Purchasers' names in Exhibit A by wire transfer in same day or next day funds. The term "
Purchase of Senior Notes. Not In Connection with Services The Company and each Investor, as a result of arm’s length bargaining, agree that neither such Investor nor any affiliated company has rendered any services to the Company in consideration for the purchase of the Senior Note pursuant to this Agreement.
Purchase of Senior Notes. The Company or any Subsidiary of the Company may at any time and from time to time purchase Senior Notes at any price in the open market or otherwise. Any Senior Note so purchased may, to the extent permitted by applicable law and subject to any other contractual obligations of the Company, be held, re-issued or resold or, at the Company’s option, be surrendered to the Trustee for cancellation. ARTICLE FOUR DEFAULTS AND REMEDIES WITH RESPECT TO THE SENIOR NOTES With respect to the Senior Notes, Section 6.1, Section 6.2, and Section 6.3 of the Indenture, respectively, shall be replaced in their entirety by Section 4.1, Section 4.2, and Section 4.3 hereunder:
Purchase of Senior Notes. Borrower shall not purchase any of its Senior Notes except that the foregoing shall not apply to purchases of such Senior Notes at a price not in excess of $650 per $1,000 face amount. Borrower shall comply with all state and federal securities laws in connection with any purchase of Senior Notes, including without limitation, the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder.
Purchase of Senior Notes. The Company will not and will not permit any Subsidiary or Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Senior Notes except upon the payment or prepayment of the Senior Notes in accordance with the terms of the Senior Note Agreement and the Senior Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Senior Notes pursuant to any provision of this Agreement and no Senior Notes may be issued in substitution or exchange for any such Senior Notes.
Purchase of Senior Notes. Upon the occurrence and during the continuation of an Event of Default, Holders of Subordinate Notes representing more than fifty percent (50%) of the Unpaid Principal Balances of all Classes of Subordinate Notes may purchase all (but not less than all) of the Notes of each Senior Class of Notes then Outstanding, for an amount equal to the sum of (i) the then Unpaid Principal Balances of all Senior Classes of Notes, (ii) accrued and unpaid interest at the interest rate or rates in effect at that time on the amounts set forth in clause (i), (iii) any breakage costs incurred by the Holders of such Senior Classes of Notes and (iv) all other unpaid Outstanding Obligations of the Issuer under the Related Documents for all such Senior Classes of Notes. The Indenture Trustee shall, promptly upon receipt of such amount, distribute such amount to the holders of the Senior Notes and to the other Persons identified by the Manager as entitled to such amounts. On or prior to the date of the exercise of the foregoing right to purchase the Senior Notes, the Holders of the Senior Notes, the requisite number of Holders of Subordinate Notes, the Issuer, the Manager and the Indenture Trustee shall mutually negotiate, execute and deliver such written agreement(s) as are reasonably necessary to document such purchase; provided, that the Indenture Trustee shall receive indemnification for any actions requested by any other party to be taken by it in respect of such purchase or pursuant to such written agreement(s).
Purchase of Senior Notes. At the Closing and as of the Effective Time, Parent shall purchase from each holder of the Senior Notes all of the outstanding obligations of the Company pursuant to each Senior Note in accordance with the Note Purchase Agreements executed concurrently with this Agreement.
