Net Proceeds Offer Amount definition

Net Proceeds Offer Amount has the meaning set forth in Section 4.16.

Net Proceeds Offer Amount means the principal of outstanding Securities in an aggregate principal amount equal to any remaining Net Available Proceeds (rounded to the next lowest $1,000). If the Net Proceeds Payment Date is on or after an interest payment record date and on or before the related interest payment date, any accrued interest payable on such interest payment date will be paid to the Person in whose name a Security is registered at the close of business on such record date, and no additional interest will be payable to Holders who tender Securities pursuant to the Net Proceeds Offer.

Net Proceeds Offer Amount has the meaning set forth in the third paragraph of Section 4.10.

Examples of Net Proceeds Offer Amount in a sentence

• Upon completion of any such Net Proceeds Offer, the Net Proceeds Offer Amount shall be reset at zero.

• To the extent Holders properly tender Notes in an amount exceeding the Net Proceeds Offer Amount, Notes of tendering Holders will be purchased on a pro rata basis (based on amounts tendered).

• No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Company shall purchase the Net Proceeds Offer Amount (as defined in Section 4.10 hereof) or, if less than the Net Proceeds Offer Amount has been tendered, all Notes tendered in response to the Net Proceeds Offer.

• The Company may defer the Net Proceeds Offer until there is an aggregate unutilized Net Proceeds Offer Amount equal to or in excess of $5,000,000 resulting from one or more Asset Sales (at which time, the entire unutilized Net Proceeds Offer Amount, and not just the amount in excess of $5,000,000, shall be applied as required pursuant to this paragraph).

• To the extent that the aggregate amount of Notes or such other Senior Subordinated Debt tendered pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer Amount, the Company may use such deficiency for general corporate purposes or for any other purpose not prohibited by the Indenture.

More Definitions of Net Proceeds Offer Amount

Net Proceeds Offer Amount has the meaning set forth in Section 4.17. -------------------------

Net Proceeds Offer Amount has the meaning set forth in Section 4.16(3)(c).

Net Proceeds Offer Amount shall have the meaning provided in Section 5.16(a).

Net Proceeds Offer Amount has the meaning set forth under “—Certain Covenants—Limitation on Asset Sales.”

Net Proceeds Offer Amount has the meaning specified in Section 1015.

Net Proceeds Offer Amount. 4.08 "Net Proceeds Offer Payment Date" 4.08 "Net Proceeds Offer Trigger Date" 4.08 "Paying Agent" 2.03 "Payment Notice" 10.03 "Reference Date" 4.09 "Registrar" 2.03

Net Proceeds Offer Amount means the principal of outstanding Securities in an aggregate principal amount equal to any remaining Net Available Proceeds. To exercise the repurchase right, the Holder must deliver on or before the fifth calendar day prior to the Net Proceeds Payment Date, written notice to the Company (or an agent designated by the Company for such purpose) of the Holder's exercise of such right, together with (i) the Security or Securities with respect to which the right is being exercised, duly endorsed for transfer with the form entitled "Option of Holder to Elect Purchase" on the reverse side of the Security completed, and (ii) if the Net Proceeds Payment Date falls between any record date for the payment of interest on the Securities and the next succeeding interest payment date, an amount equal to the interest which the Holder is entitled to receive on such interest payment date; provided, however, that with respect to Securities held of record by The Depository Trust Company ("DTC"), the Company or its designated agent may accept as tendered for repurchase pursuant to this Section Securities tendered by means of book entry in accordance with the normal procedures of DTC, provided that any such interest amount shall be delivered by the Holder to the Company or its designated agent. On the Net Proceeds Payment Date, the Company will (i) accept for payment Securities or portions thereof tendered pursuant to the Net Proceeds Offer in an aggregate principal amount equal to the Net Proceeds Offer Amount or such lesser amount of Securities as has been tendered, (ii) deposit with the Paying Agent money sufficient to pay the purchase price of all Securities or portions thereof so tendered in an aggregate principal amount equal to the Net Proceeds Offer Amount or such lesser amount, and (iii) deliver or cause to be delivered to the Trustee, Securities so accepted together with an Officers' Certificate stating the Securities or portions thereof tendered to the Company. If the aggregate principal amount of Securities tendered exceeds the Net Proceeds Offer Amount, the Trustee will select the Securities to be purchased on a pro rata basis based on the principal amount of Securities so tendered. The Paying Agent will promptly mail or deliver to Holders of Securities so accepted payment in an amount equal to the purchase price, and the Company will execute and the Trustee will promptly authenticate and mail or make available for delivery to such Holders of Physical Securities ...