Holders who validly tender their Notes after such time but prior to the Expiration Date (defined below) will receive $1,010 per $1,000 principal amount of Notes accepted for purchase. Accrued and unpaid interest up to, but not including, the settlement date will be paid in cash on all validly tendered and accepted Notes. The settlement date will be promptly after the Expiration Date and is expected to be on or about July 12, 2006.
The tender offer will expire at 5:00 p.m., New York City time, on Tuesday, July 11, 2006, unless extended or earlier terminated by Owens-Brockway Glass Container Inc. (the "Expiration Date"). Withdrawal rights with respect to tendered Notes have expired. Accordingly, holders may not withdraw any Notes previously or hereafter tendered, except as contemplated in the offer.
Notwithstanding any other provision of the offer, Owens-Brockway Glass Container Inc.'s obligation to accept for purchase, and to pay for, securities validly tendered pursuant to the offer is conditioned upon satisfaction or waiver of the conditions set forth in the offer, including the availability of sufficient funds under the new credit facility to pay the consideration described above. Owens-Brockway Glass Container Inc., in its sole discretion, may waive any of the conditions of the offer in whole or in part, at any time or from time to time.
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