Changes in Auction Period or Periods Sample Clauses

Changes in Auction Period or Periods. (i) The Auction Agent shall mail any notice delivered to it pursuant to the first paragraph of Section 10(a) of the First Supplemental Indenture to the Existing Holders within two Business Days of its receipt thereof. (ii) The Auction Agent shall deliver any certificate delivered to it pursuant to the third paragraph of Section 10(a) of the First Supplemental Indenture to the Broker-Dealers not later than 3:00 p.m., New York City time, on the last Business Day preceding the next Auction Date by telecopy or similar means. (iii) If, after delivery to the Auction Agent of the notice referred to in the first paragraph of Section 10(a) of the First Supplemental Indenture, the Auction Agent fails to receive the certificate referred to in the third paragraph of Section 10(a) of the First Supplemental Indenture by 11:00 a.m., New York City time, on the last Business Day preceding the next Auction Date, the Auction Agent shall deliver a notice of such failure in substantially the form of Exhibit H hereto to the Broker-Dealers not later than 3:00 p.m., New York City time, on such Business Day by telecopy or other similar means. (iv) If, after delivery to the Auction Agent of the notice referred to in the first paragraph of Section 10(a) and the certificate referred to in third paragraph of Section 10(a) of the First Supplemental Indenture, Sufficient Bids are not received by the Auction Agent by the Submission Deadline, the Auction Agent shall notify the Broker-Dealers not later than 3:00 p.m., New York City time, on such Auction Date by telephone confirmed in writing in substantially the form of Exhibit I hereto the next Business Day.
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Changes in Auction Period or Periods. The Issuing Entity may change, from time to time, the length of the one or more Auction Periods in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the length of the Auction Period or the interest rate borne by the Auction Rate Securities (an "Auction Period Adjustment"). The Issuing Entity will not initiate such change in the length of the Auction Period unless it has received the written consent of the Calculation Agent, which consent may not be unreasonably withheld, not less than fifteen (15) days nor more than twenty (20) days prior to the effective date of an Auction Period Adjustment. The Issuing Entity will initiate an Auction Period Adjustment by giving written notice to the Indenture Trustee, the Auction Agent, the Calculation Agent, the Depository and each Rating Agency then rating the Auction Rate Securities subject to such Auction Period Adjustment at least ten (10) days prior to the Rate Determination Date for such Auction Period. No Auction Period Adjustment may result in an Auction Period of less than 7 nor more than 91 days, with respect to Auction Rate Securities with a Short Auction Period, or in an Auction Period that is more than three months shorter or longer than the Auction Period established upon the issuance or Auction Period Conversion of such Auction Rate Securities, with respect to Auction Rate Securities with a Long Auction Period. An Auction Period Adjustment will not be allowed unless Sufficient Clearing Bids existed or all Auction Rate Securities were subject to Submitted Hold Orders at both the Auction preceding the date on which the notice of the proposed change was given as described above and the Auction preceding the proposed change. An Auction Period Adjustment will take effect only if (A) the Indenture Trustee and the Auction Agent receive, by 11:00 A.M., eastern time, on the Business Day before the Rate Determination Date for the first such Auction Period, a certificate from the Issuing Entity authorizing an Auction Period Adjustment specified in such certificate and the written consent of the Calculation Agent described above, and (B) Sufficient Clearing Bids exist or all Auction Rate Securities were subject to Submitted Hold Orders at the Auction on the Rate Determination Date for such first Auction Period. If the condition referred to in (A) is not met, the Auction Rate applicable for the next A...
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Changes in Auction Period or Periods. (a) While any of the Auction Rate Notes are Outstanding, the Issuer may, from time to time, convert the length of one or more Auction Periods (an "Auction Period Adjustment"), in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the length of the Auction Period and the Class Interest Rate borne by the Auction Rate Notes. The Issuer shall not initiate an Auction Period Adjustment unless the Issuer shall have received the written consent of the Market Agent and the Surety Provider, which consents shall not be unreasonably withheld, not less than three days nor more than 20 days prior to the effective date of an
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Changes in Auction Period or Periods. (a) While any of the Series 2000-1 Notes are Outstanding, the Corporation may, from time to time, convert the length of one or more Auction Periods (an "Auction Period Adjustment"), in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the length of the Auction Period and the Series 2000-1 Note Interest Rate borne by the Series 2000-1 Notes. The Corporation shall not initiate an Auction Period Adjustment unless it shall have received, not less than three (3) days nor more than twenty (20) days prior to the Auction Period Adjustment, (i) the written consent of the Market Agent, which consent shall not be unreasonably withheld and (ii) written confirmation from each of the Rating Agencies then rating the Series 2000-1 Notes that such Auction Period Adjustment will not adversely affect its ratings then applicable to any of the Series 2000-1
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Changes in Auction Period or Periods. (i) The Auction Agent shall deliver any notice delivered to it pursuant to Section [_____] of the Auction Procedures to the Existing Owners within two Business Days of its receipt thereof. (ii) The Auction Agent shall deliver any certificate delivered to it pursuant to Section [_____] of the Auction Procedures to the Broker-Dealers not later than 3:00 p.m. on the Business Day before the next Auction Date by telecopy or similar means. (iii) If, after delivery, to the Auction Agent of the notice referred to in Section [_____] of the Auction Procedures the Auction Agent fails to receive the certificate referred to in Section [_____] of the Auction Procedures by 11:00 a.m. on the Business Day before the next Auction Date, the Auction Agent shall deliver a notice of such failure to the Broker-Dealers not later than 3:00 p.m. on such Business Day by telecopy or other similar means. (iv) If, after delivery to the Auction Agent of the notice referred to in Section [_____] of the Auction Procedures and the certificate referred to in Section [_____] of the Auction Procedures, Sufficient Bids are not received by the Auction Agent by the submission deadline, the Auction Agent shall deliver notice of such delivery to the Broker-Dealers not later than 3:00 p.m. on such Auction Date by telephone confirmed in writing the next Business Day.
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Changes in Auction Period or Periods. (a) While any of the Series 2002-1 Notes are Outstanding, the Corporation may, from time to time, convert the length of one or more Auction Periods (an "Auction Period Adjustment"), in order to conform with then current market practice with respect to similar
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Changes in Auction Period or Periods. (A) WHILE ANY OF THE AUCTION RATE CERTIFICATES ARE OUTSTANDING, THE ISSUER MAY, FROM TIME TO TIME, CONVERT THE LENGTH OF ONE OR MORE AUCTION PERIODS (AN "AUCTION PERIOD ADJUSTMENT"), IN ORDER TO CONFORM WITH THEN CURRENT MARKET PRACTICE WITH RESPECT TO SIMILAR SECURITIES OR TO ACCOMMODATE ECONOMIC AND FINANCIAL FACTORS THAT MAY AFFECT OR BE RELEVANT TO THE LENGTH OF THE AUCTION PERIOD AND THE CERTIFICATE RATE BORNE BY THE AUCTION RATE CERTIFICATES. THE ISSUER SHALL NOT INITIATE AN AUCTION PERIOD ADJUSTMENT UNLESS IT SHALL HAVE RECEIVED THE WRITTEN CONSENT OF THE MARKET AGENT AND THE SURETY PROVIDER, WHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD, NOT LESS THAN THREE DAYS NOR MORE THAN 20 DAYS PRIOR TO THE EFFECTIVE DATE OF AN AUCTION PERIOD ADJUSTMENT. THE ISSUER SHALL INITIATE THE AUCTION PERIOD ADJUSTMENT BY GIVING WRITTEN NOTICE BY ISSUER ORDER TO THE INDENTURE TRUSTEE, THE AUCTION AGENT, THE MARKET AGENT, THE SURETY PROVIDER AND THE SECURITIES DEPOSITORY IN SUBSTANTIALLY THE FORM OF, OR CONTAINING SUBSTANTIALLY THE INFORMATION CONTAINED IN, EXHIBIT D TO THE FIRST TERMS SUPPLEMENT AT LEAST 10 DAYS PRIOR TO THE AUCTION DATE FOR SUCH AUCTION PERIOD. (B) ANY SUCH ADJUSTED AUCTION PERIOD SHALL NOT BE LESS THAN 7 DAYS NOR MORE THAN 91 DAYS. IF ANY SUCH ADJUSTED AUCTION PERIOD WILL BE LESS THAN THE NUMBER OF DAYS IN THE THEN CURRENT AUCTION PERIOD, THE NOTICE DESCRIBED ABOVE WILL BE EFFECTIVE ONLY IF IT IS ACCOMPANIED BY A WRITTEN STATEMENT OF THE ELIGIBLE LENDER TRUSTEE, THE AUCTION AGENT AND THE SECURITIES DEPOSITORY TO THE EFFECT THAT THEY ARE CAPABLE OF PERFORMING THEIR DUTIES, IF ANY, UNDER THIS APPENDIX B, THE AUCTION AGENT AGREEMENT AND ANY BROKER-DEALER AGREEMENT WITH RESPECT TO SUCH CHANGED AUCTION PERIOD. (C) AN AUCTION PERIOD ADJUSTMENT SHALL TAKE EFFECT ONLY IF (A) THE ELIGIBLE LENDER TRUSTEE AND THE AUCTION AGENT RECEIVE, BY 11:00 A.M., EASTERN TIME, ON THE BUSINESS DAY BEFORE THE AUCTION DATE FOR THE FIRST SUCH AUCTION PERIOD, AN ISSUER CERTIFICATE IN SUBSTANTIALLY THE FORM ATTACHED AS, OR CONTAINING SUBSTANTIALLY THE SAME INFORMATION CONTAINED IN, EXHIBIT E TO THE FIRST TERMS SUPPLEMENT, AUTHORIZING THE AUCTION PERIOD ADJUSTMENT SPECIFIED IN SUCH CERTIFICATE ALONG WITH A COPY OF THE CERTIFICATE OF THE MARKET AGENT DESCRIBED ABOVE IN SUBPARAGRAPH (A) ABOVE AND, IF APPLICABLE, THE WRITTEN STATEMENT OF THE ELIGIBLE LENDER TRUSTEE, THE AUCTION AGENT AND THE SECURITIES DEPOSITORY DESCRIBED IN SUBPARAGRAPH (B) ABOVE AND (B) SUFFICIENT BIDS EXIST AS...
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Related to Changes in Auction Period or Periods

  • Changes in Fiscal Periods Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower’s method of determining fiscal quarters.

  • Meal Periods (a) Meal periods shall be scheduled as close as possible to the middle of the scheduled hours of work. The length of the meal period shall be agreed to at the local level and shall be not less than 30 minutes nor more than 60 minutes. (b) An employee shall be entitled to take their meal period away from the workstation. Where this cannot be done, the meal period shall be considered as time worked.

  • Break Periods There will be no rest periods, organized coffee breaks or other non-working time established during working hours. Individual coffee containers will be permitted at the employee’s work location.

  • Limitation Periods To the extent that any limitation period applies to any claim for payment of the Obligations or remedy for enforcement of the Obligations, the Obligor agrees that: (a) any limitation period is expressly excluded and waived entirely if permitted by applicable law; (b) if a complete exclusion and waiver of any limitation period is not permitted by applicable law, any limitation period is extended to the maximum length permitted by applicable law; (c) any applicable limitation period shall not begin before an express demand for payment of the Obligations is made in writing by the Credit Union to the Obligor; and (d) any applicable limitation period shall begin afresh upon any payment or other acknowledgment of the Obligations by the Obligor.

  • Suspension Periods The Company may, after receiving the written consent of both Univar NV, CD&R Investor and Temasek Investor, (i) delay the filing or effectiveness of a Registration Statement in conjunction with a Demand Registration or an S-3 Shelf Registration or (ii) prior to the pricing of any Underwritten Offering or other offering of Registrable Shares pursuant to a Demand Registration or an S-3 Shelf Registration, delay such underwritten or other offering (and, if it so chooses, withdraw any registration statement that has been filed), but in each case described in clauses (i) and (ii) only if the Company determines (x) that proceeding with such an offering would require the Company to disclose material non-public information, which disclosure in the good faith judgment of the Board (after consultation with external legal counsel), would not otherwise be required to be disclosed at that time but for the filing, effectiveness or continued use of such Registration Statement and that the disclosure of such information at that time would not be in the Company’s best interests, or (y) that the registration or offering to be delayed would, if not delayed, materially and adversely affect the Company or the Group or materially interfere with, or jeopardize the success of, any pending or proposed material transaction, including, if material, any debt or equity financing, any acquisition or disposition, any recapitalization or reorganization or any other transaction. Any period during which the Company has delayed a filing, an effective date or an offering pursuant to this Section 5.05 is herein called a “Suspension Period”. If pursuant to this Section 5.05 the Company delays or withdraws a Demand Registration or S-3 Shelf Registration requested by a Stockholder, such Stockholder shall be entitled to withdraw such request and, if it does so, such request shall not count against the limitation on the number of such registrations set forth in Section 5.02 or Section 5.04. The Company shall provide prompt written notice to the Stockholders of the commencement and termination of any Suspension Period (and any withdrawal of a Registration Statement pursuant to this Section 5.03). The Stockholders shall keep the existence of each Suspension Period confidential. In no event (i) may the Company deliver notice of a Suspension Period to the Stockholders more than two times in any calendar year (or more than once in a six month period) and (ii) shall a Suspension Period or Suspension Periods be in effect for an aggregate of 90 days or more in any calendar year or any single period of time in excess of 60 days.

  • Preparation Periods 31-1 The School District agrees to maintain daily preparation periods during the student day in all junior and senior high schools. At schools where block scheduling is in effect, the total preparation time provided shall be equal to the preparation time provided at schools not operating on a block schedule. 31-2 The School District shall maintain at each elementary school a minimum of two hundred and fifty (250) minutes preparation time per week per teacher, during the students’ instructional day, in not less than forty- (40) minute blocks. Each elementary school shall be allocated and assigned library aide hours per school day in accordance with the following schedule: This aide time is provided in addition to the assigned media clerk time. Library aide time is guaranteed for the school year once set on a school year basis. There will be no changes in library aide time allocated due to fluctuation in enrollment. This provision for allocating library aide time will only remain as part of this Agreement if librarians are used to provide preparation time to elementary teachers. 31-3 Preparation time provided for in this Article shall be utilized by teachers in a manner which enables further development and refinement of professional skills and for instructional effectiveness. 31-4 Although it does not relate to any mandatory subject of bargaining, the School District states that it is its aim and objective to establish a maximum class load of thirty (30) students in grades 4, 5, and 6. 00-0 Xxx Xxxxxxxx may direct use of teacher preparation periods if such directed use is infrequent, advance notice is given and the District’s use of the teacher’s preparation period must not consume an entire period.

  • Changes in Fiscal Year Make any change in its fiscal year; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year.

  • Vacation Periods Vacation schedules will be set by the employee’s immediate supervisor(s) and sent to the Office of Human Resources for approval. Employees may request a particular period for vacation. Vacation days may not be taken in advance of their accrual. Those employees who are on a 12-month teacher contract are paid during Spring Break and Winter Recess, however, are not expected to be in attendance or perform duties during those breaks.

  • Changes in Service This Agreement is made in good faith based upon the present and projected conditions and the quality of the equipment and/or Property, as well as its present ownership and management. Should changes in any of these elements occur which the Judicial Council believes may adversely affect the Program, the Judicial Council reserves the right to renegotiate this Agreement or terminate pursuant to the termination for cause provision, as set forth herein, without penalty or prejudice.

  • Retention periods Documentation which serves as evidence of orderly and proper data processing must be retained by ATOSS in accordance with the applicable statutory retention periods beyond the end of the contract. To relieve itself of this obligation, ATOSS may turn said documentation over to the Customer at the end of the contract.

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