Common use of Change in Mode Clause in Contracts

Change in Mode. In the event that Bonds in the Weekly Mode are converted to another Mode, such Bonds are subject to mandatory tender for purchase upon not less than thirty (30) days' prior written notice from the Paying Agent to the Bondowners as provided in the forms of Bonds, which notice shall state that the Bonds are subject to mandatory tender for purchase.

Appears in 2 contracts

Samples: Series D Loan and Trust Agreement (North Atlantic Energy Corp /Nh), Assumption Agreement (North Atlantic Energy Corp /Nh)

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Change in Mode. In the event that Bonds in the Weekly Mode are -------------- converted to another the Fixed Rate Mode, such Bonds are subject to mandatory tender for purchase upon not more than 44 days and not less than thirty (30) days' 30 days prior written notice from the Paying Agent Trustee to the Bondowners as provided in the forms form of Bonds, which notice shall state that the Bonds are subject to mandatory tender for purchase.

Appears in 1 contract

Samples: Loan and Trust Agreement (Afc Cable Systems Inc)

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Change in Mode. In the event that Bonds in the Weekly Mode are converted to another the Fixed Rate Mode, such Bonds (other than the Bank Bonds and Borrower Bonds) are subject to mandatory tender for purchase on the Fixed Rate Conversion Date at the Purchase Price upon not more than forty-four (44) days' and not less than thirty (30) days' prior written notice from the Paying Agent Trustee to the Bondowners as provided in the forms form of Weekly Bonds, which notice shall state that the Bonds are subject to mandatory tender for purchase.

Appears in 1 contract

Samples: Loan and Trust Agreement (Datum Inc)

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