Common use of Authority of Tender Agent Clause in Contracts

Authority of Tender Agent. The Borrower hereby appoints the Tender Agent its agent with full authority, on behalf and in the stead of the Borrower, to pay the Purchase Price of Eligible Bonds or portions thereof to be purchased by the Borrower pursuant to this Section and delivered to the Tender Agent and to dispose of (and, to the extent required, endorse for transfer) such Bonds as provided in Sections 4.06 through 4.12 of the Bond Indenture and consents to acceptance and exercise by the Tender Agent of the other agencies therein provided.

Authority of Tender Agent. The Borrower hereby appoints the Tender Agent as its agent with full authority, on behalf and in the stead of the Borrower, to pay the Purchase Price of Eligible Series 2022A Bonds or portions thereof elected to be purchased by the Borrower pursuant to this Section and delivered to the Tender Agent and to dispose of (and, to the extent required, endorse for transfer) such Series 2022A Bonds as provided in Sections 4.06 through 4.12 Article Five of the Series 2022A Bond Indenture and consents to acceptance and exercise by the Tender Agent of the other agencies therein provided.