Common use of Rejection; Acceptance Clause in Contracts

Rejection; Acceptance. A holder of Shelf Notes may accept or reject the offer to prepay made pursuant to this paragraph 4E by causing a notice of such acceptance or rejection to be delivered to the Company prior to the prepayment date. A failure by a holder of Shelf Notes to so respond to an offer to prepay made pursuant to this paragraph 4E shall be deemed to constitute an acceptance of such offer by such holder.

Appears in 1 contract

Sources: Private Shelf Agreement (Tennant Co)

Rejection; Acceptance. A holder of Shelf Notes may accept or reject the offer to prepay made pursuant to this paragraph 4E by causing a notice of such acceptance or rejection to be delivered to the Company prior to the prepayment date. A failure by a holder of Shelf Notes to so respond to an offer to prepay made pursuant to this paragraph 4E shall be deemed to constitute an acceptance a rejection of such offer by such holder. 4E(5).

Appears in 1 contract

Sources: Amendment No. 5 to Note Purchase and Private Shelf Agreement (Oil-Dri Corp of America)