Auction Schedule. METHOD OF SUBMISSION OF ORDERS. (a) The Auction Agent shall conduct Auctions for the Auction Rate Notes in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trustee, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the close of business on the Business Day next preceding the first Auction Date on which any such change shall be effective. TIME EVENT By 9:00 a.m. Auction Agent obtains One-Month LIBOR By 10:30 a.m. Auction Agent advises the Broker-Dealers of the applicable All-Hold Rate, the Net Loan Rate, the Applicable LIBOR Rate and the applicable Maximum Rate, as set forth in Section 2.03(b)(i) of the Auction Agency Agreement.
Appears in 6 contracts
Samples: Broker Dealer Agreement (Nelnet Inc), Broker Dealer Agreement (Nelnet Inc), Broker Dealer Agreement (Nelnet Inc)
Auction Schedule. METHOD OF SUBMISSION OF ORDERS.
(a) The Auction Agent shall conduct Auctions for the Auction Rate Notes ARS in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trustee, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the close of business on the Business Day next preceding the first Auction Date on which any such change shall be effective. TIME EVENT By 9:00 a.m. Auction Agent obtains One-Month LIBOR By 10:30 a.m. Auction Agent advises the Broker-Dealers of the applicable All-Hold Rate, the Net Loan Rate, the Applicable LIBOR Rate and the applicable Maximum Rate, as set forth in Section 2.03(b)(i2.3(b)(i) of the Auction Agency Agreement.
Appears in 2 contracts
Samples: Broker Dealer Agreement (Nelnet Inc), Broker Dealer Agreement (Nelnet Inc)
Auction Schedule. METHOD OF SUBMISSION OF ORDERS.
(a) The Auction Agent shall conduct Auctions for the Auction Rate Notes in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trustee, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the close of business on the Business Day next preceding the first Auction Date on which any such change shall be effective. TIME EVENT By 9:00 a.m. Auction Agent obtains One-Month LIBOR By 10:30 a.m. LIBOR
a. m. Auction Agent advises the Broker-Dealers of the applicable All-Hold Rate, the Net Loan Rate, the Applicable LIBOR Rate and the applicable Maximum Rate, as set forth in Section 2.03(b)(i) of the Auction Agency Agreement.
Appears in 1 contract
Samples: Broker Dealer Agreement (Nelnet Inc)
Auction Schedule. METHOD OF SUBMISSION OF ORDERS.
(a) The Auction Agent shall conduct Auctions for the Auction Rate Notes ARS in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trustee, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the close of business on the Business Day next preceding the first Auction Date on which any such change shall be effective. TIME EVENT By 9:00 a.m. Auction Agent obtains One-Month LIBOR By 10:30 a.m. Auction Agent advises the Broker-Dealers of the applicable All-Hold Rate, the Net Loan Rate, the Applicable LIBOR Rate and the applicable Maximum Rate, as set forth in Section 2.03(b)(i) of the Auction Agency Agreement.
Appears in 1 contract
Samples: Broker Dealer Agreement (Nelnet Inc)
Auction Schedule. METHOD OF SUBMISSION OF ORDERS.
(a) The Auction Agent shall conduct Auctions for the Auction Rate Notes ARS in accordance with the schedule set forth below. Such schedule may be changed at any time by the Auction Agent with the consent of the Trustee, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice of any such change to BD. Such notice shall be received prior to the close of business on the Business Day next preceding the first Auction Date on which any such change shall be effective. TIME EVENT By 9:00 a.m. Auction Agent obtains One-Month LIBOR LIBOR. By 10:30 a.m. Auction Agent advises the Broker-Dealers of the applicable All-Hold Rate, the Net Loan Rate, the Applicable LIBOR Rate and the applicable Maximum Rate, as set forth in Section 2.03(b)(i2.3(b)(i) of the Auction Agency Agreement.
Appears in 1 contract
Samples: Broker Dealer Agreement (Nelnet Inc)