Acquisition of Bonds Sample Clauses

Acquisition of Bonds. Any Agent, their affiliates and each of their respective officers, directors and employees, may become the owner of, or acquire any interest in, any Bonds or Shares with the same rights that it or they would have if it were not appointed hereunder, and may engage or be interested in any financial or other transaction with the Company and may act on, or as depositary, trustee or agent for, any committee or body of holders of Bonds or other obligations of the Company as freely as if it were not appointed hereunder.
AutoNDA by SimpleDocs
Acquisition of Bonds. If the Tenant acquires any Outstanding Bonds, it may present the certificate(s) representing such part of the Bonds to the Trustee for cancellation, and upon such cancellation, the Tenant’s obligation to pay Basic Rent shall be reduced in the same manner as provided for prepayments by the Tenant of Basic Rent. In no event, however, shall the Tenant’s obligation to pay Basic Rent be reduced in such a manner that the Trustee shall not have on deposit in the Debt Service Fund, on the next succeeding Payment Date, funds sufficient to pay the maturing principal of, redemption premium, if any, and interest on Outstanding Bonds as and when the same shall become due and according to the terms of the Bonds.
Acquisition of Bonds. If the Tenant acquires any or all of the Outstanding Bonds, it may present the certificate(s) representing such part of the Bonds to the Bank for cancellation, and upon such cancellation, the Tenant's obligation to pay Basic Rent shall be reduced or terminated, as the case may be, in the same manner as provided for prepayments by the Tenant of Basic Rent. In no event, however, shall the Tenant's obligation to pay Basic Rent be reduced in such a manner that the Bank shall not have on deposit in the Debt Service Fund, on the next succeeding Payment Date, available funds sufficient to pay the maturing principal of, redemption premium, if any, and interest on Outstanding Bonds as and when the same shall become due and according to the terms of the Bonds; except in the case when Tenant owns and surrenders for cancellation all of the Outstanding Bonds.
Acquisition of Bonds. In the event Tenant acquires any outstanding Bonds, it may present the same to Trustee for cancellation, and upon such cancellation, Tenant’s obligation to pay Basic Rent shall be reduced accordingly, but in no event shall Tenant’s obligation to pay Basic Rent be reduced in such a manner that the Trustee shall not have on hand in the Principal and Interest Payment Account funds sufficient to pay the maturing principal of, redemption premium, if any, and interest on the Bonds as and when the same shall become due and payable in accordance with the provisions of the Indenture.
Acquisition of Bonds. The issuing company shall issue the Bonds in accordance with the terms and contents stipulated in this Agreement and assign them to the underwriter as follows, and the underwriter shall pay the corresponding amount to take over. The Acquirer Acquisition amount Widwin Investment Fund No. 72 KRW 10,000,000,000 Sum total KRW 10,000,000,000
Acquisition of Bonds. (A) In the event the Remarketing Agent is able to remarket any Bonds as of the date of any Tender Drawing and the proceeds of such remarketing are paid to the Credit Institution on the date of such drawing, the Credit Institution shall relinquish any interest it may have had in the Bonds purchased with the proceeds of such drawing, but only to the extent of such payment, and the Trustee shall deliver Bonds, in a principal amount equal to the amount so paid, to the purchasers of such Bonds free of any claim of the Credit Institution. (B) Subject to the provisions of this Agreement, in the event that as of the date of any Tender Drawing the Remarketing Agent has been unable to remarket any or all Bonds, a principal amount of Bonds equal to the amount owed the Credit Institution for such Tender Drawing shall immediately as of such date become, and be deemed to be, owned and held by the Credit Institution as pledgee of the Borrower (or, at the option of the Credit Institution upon prior written notice to the Borrower and the Trustee, for its own account), and the Borrower hereby and pursuant to the Pledge Agreement pledges to the Credit Institution, and grants the Credit Institution a security interest in, all Bonds so purchased for the account of the Borrower with the proceeds of a Tender Drawing. (C) Upon notice to the Credit Institution that any of the Bonds held by the Credit Institution as pledgee or for its own account are to be remarketed and upon payment to the Credit Institution of the proceeds thereof and all accrued interest which is due the Credit Institution on the Tender Drawing used to purchase such Bonds, the Credit Institution shall release to the Trustee, for delivery to the purchasers thereof a principal amount of Bonds equal to the principal amount of such payment from the proceeds of the remarketing thereof, free of any pledge or ownership interest of the Credit Institution. (D) The obligations of the Credit Institution hereunder shall remain in effect until the Termination Date. (E) All amounts paid to the Credit Institution by the Borrower on Bonds held by the Credit Institution as pledgee or for its own account shall be credited against amounts due from the Borrower under Section 3.1(B) and (D).
Acquisition of Bonds. After receipt of the Net Amount, EPS shall, through one or more transactions, use the Net Amount to acquire in the open market the maximum amount of Bonds purchasable with the Net Amount in accordance with the instructions set forth on Exhibit C and shall hold such Bonds in the Executive Account for the benefit of Executive. The Bonds acquired and held in the Executive Account pursuant to this Agreement are sometimes hereinafter referred to individually as an “Incentive Bond” and collectively as the “Incentive Bonds.” The Incentive Bonds shall remain in the Executive Account and shall not be vested and transferable unless and until provided in Section 5. To the extent any portion of the Net Amount remains in the Executive Account (such cash, “Restricted Cash”) such portion shall not be vested and transferable unless and until provided in Section 5.
AutoNDA by SimpleDocs
Acquisition of Bonds. For the duration of the Offer Period, the Bonds may be acquired only through the Sole Issue Manager, Sole Lead Underwriter and Sole Bookrunner.
Acquisition of Bonds. In the event Corporation acquires any Outstanding Bonds, it may present the same to Issuer for cancellation, and upon such cancellation, Corporation's obligation to pay Basic Rent shall be reduced accordingly, but in no event shall Corporation's obligation to pay Basic Rent be reduced in such a manner that the Trustee shall not have on hand in the Principal and Interest Payment Account funds sufficient to pay the maturing principal of, redemption premium, if any, and interest on Outstanding Bonds as and when the same shall become due and payable in accordance with the provisions of the Indenture.
Acquisition of Bonds. In the event Tenant acquires any Outstanding Bonds, it may present the same to Issuer for cancellation, and upon such cancellation, Tenant's obligation to pay Basic Rent shall be reduced accordingly.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!