Common use of Auction Period Clause in Contracts

Auction Period. With respect to a Series of Notes in a 35-day Auction Period, if Auctions generally are conducted on the day of the week specified in column A of the table above, a period of generally 35 days beginning on the day of the week specified in column B of the table above (or the day following the last day of the prior Auction Period if the prior Auction Period does not end on the day of the week specified in column C of the table above) and ending on the day of the week specified in column C of the table above five weeks later (unless such day is not followed by a Business Day, in which case on the next succeeding day which is followed by a Business Day).

Appears in 10 contracts

Samples: Auction Agreement (National Collegiate Student Loan Trust 2007-3), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-4), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-4)

AutoNDA by SimpleDocs

Auction Period. With respect to a Series of Notes Bonds in a 3528-day Auction Period, if Auctions generally are conducted on the day of the week specified in column A of the table above, a period of generally 35 28 days beginning on the day of the week specified in column B of the table above (or the day following the last day of the prior Auction Period if the prior Auction Period does not end on the day of the week specified in column C of the table above) and ending on the same day of the week specified in column C of the table above five four weeks later (unless such day is not followed by a Business Day, in which case on the next succeeding day which is followed by a Business Day).

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!