Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4G by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4G within 10 Business Days after receipt of such offer shall be deemed to constitute a rejection of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4G with respect to any net proceeds from the issuance of equity securities by a Transaction Party or the incurrence of certain Indebtedness permitted by paragraph 6B(xv) hereof, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of receipt of such equity issuance or Indebtedness proceeds to the other holders of the Notes.
Appears in 1 contract
Sources: Private Shelf Agreement (Advanced Drainage Systems, Inc.)
Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4G 4F by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4G 4F within 10 Business Days after receipt of such offer shall be deemed to constitute a rejection of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4G 4F with respect to any net proceeds from the issuance of equity securities by a Transaction Party insurance or the incurrence of certain Indebtedness permitted by paragraph 6B(xv) hereofcondemnation proceeds, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of receipt of such equity issuance insurance or Indebtedness condemnation proceeds to the other holders of the Notes.
Appears in 1 contract
Sources: Private Shelf Agreement (Advanced Drainage Systems, Inc.)
Rejection; Acceptance. A holder of Notes may accept or reject the offer to prepay made pursuant to this paragraph 4G 4E by causing a notice of such acceptance or rejection to be delivered to the Company prior to the date of prepayment. A failure by a holder of Notes to so respond to an offer to prepay made pursuant to this paragraph 4G 4E within 10 Business Days after receipt of such offer shall be deemed to constitute a rejection of such offer by such holder. To the extent any holder of a Note rejects an offer to prepay Notes pursuant to this paragraph 4G 4E with respect to any net proceeds from the issuance a sale, lease, transfer or other disposition of equity securities by a Transaction Party or the incurrence of certain Indebtedness permitted by paragraph 6B(xv) hereofassets, the Company shall not be required to re-offer to prepay the amount of such holder’s Notes offered to be prepaid as a result of receipt of such equity issuance sale, lease, transfer or Indebtedness proceeds other disposition to the other holders of the Notes.
Appears in 1 contract
Sources: Private Shelf Agreement (Advanced Drainage Systems, Inc.)