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valid

Having legal force.

References in periodicals archive ?
If the aggregate principal amount of 2020 Notes validly tendered (and not validly withdrawn) prior to the Early Tender Time below the Clearing Price exceeds the Tender Cap, then the Tender Offer will be oversubscribed at the Early Tender Time and, subject to the terms and conditions of the Tender Offer, CONSOL will accept for purchase:
first, 2020 Notes validly tendered (and not validly withdrawn) with a bid price less than the Clearing Price; and
If the 2011 Notes are accepted for payment by the Company, the consideration to be paid for each 2011 Note validly tendered and not validly withdrawn on the Consent Date is $1,054.
Subject to the terms and conditions of the tender offer, NewMarket will, at such time after the Expiration Date (the "Final Acceptance Time"), accept for purchase all the Notes validly tendered prior to the Expiration Date (or if NewMarket has exercised its early purchase option described above, all the Notes validly tendered after the Early Acceptance Time and prior to the Expiration Date).
Each tender offer is conditioned upon the satisfaction of certain conditions, including, among other things, there being validly tendered and not withdrawn at least a majority in aggregate principal amount of the outstanding Notes of each applicable series and the receipt of the requisite consents for each applicable series of Notes, execution of the applicable supplemental indenture providing for the applicable proposed amendments and the consummation of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of September 15, 2006, by and among Freescale, Firestone Holdings LLC and Firestone Acquisition Corporation.
If the Notes are accepted for payment by the Company, the consideration to be paid for each Note validly tendered and not validly withdrawn on or prior to 5:00 p.
New York City time on July 14, 2006, holders of a majority in aggregate principal amount of each of the 13% Notes, 9-7/8% Notes and 15% Notes had validly tendered and not withdrawn their notes and had provided their consents to effect the proposed amendments to these indentures.
Net proceeds received from such new senior notes and, if needed, borrowings under such new domestic senior credit facility, would be used to purchase the Existing Notes validly tendered and not validly withdrawn pursuant to the tender offers and accepted for payment, and to repay debt outstanding under PAHC's existing domestic senior credit facility.
The purchase price for the Notes that are validly tendered (and not validly withdrawn) and accepted for payment on or before the Expiration Date will be equal to $1,000 for each $1,000 principal amount of Notes tendered, plus all accrued but unpaid interest on the Notes up to, but not including, the payment date.