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
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Changes in Auction Period or Periods. (a) While any of the Auction Rate Certificates 1998 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 Certificate Series Interest Rate borne by the Auction Rate Certificates1998 Notes. The Issuer shall not initiate an Auction Period Adjustment unless it shall have received the written consent of the Market Agent and the Surety ProviderAgent, which consent shall not be unreasonably withheld, not less than three days nor more than 20 days prior to the effective date of an
Appears in 1 contract
Samples: Trust Agreement (Emt Corp)
Changes in Auction Period or Periods. (a) While any of the Auction Rate Certificates 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 Certificate Series Interest Rate borne by the Auction Rate CertificatesNotes. The Issuer shall not initiate an Auction Period Adjustment unless it shall have received the written consent of the Market Agent and the Surety ProviderAgent, which consent shall not be unreasonably withheld, not less than three days nor more than 20 days prior to the effective date of an
Appears in 1 contract
Samples: Trust Agreement (Emt Corp)
Changes in Auction Period or Periods. (a) While any of the Auction Rate Certificates 1999 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 Certificate Series Interest Rate borne by the Auction Rate Certificates1999 Notes. The Issuer shall not initiate an Auction Period Adjustment unless it shall have received the written consent of the Market Agent and the Surety ProviderAgent, which consent shall not be unreasonably withheld, not less than three days nor more than 20 days prior to the effective date of an
Appears in 1 contract
Samples: Trust Agreement (Emt Corp)
Changes in Auction Period or Periods. (a) While any of the Auction Rate Certificates 2000 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 Certificate Series Interest Rate borne by the Auction Rate Certificates2000 Notes. The Issuer shall not initiate an Auction Period Adjustment unless it shall have received the written consent of the Market Agent and the Surety ProviderAgent, which consent 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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Samples: Fourth Terms Supplement (Emt Corp)
Changes in Auction Period or Periods. (a) While any of the Auction Rate Certificates 2000-I 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 Certificate Series Interest Rate borne by the Auction Rate Certificates2000-I Notes. The Issuer shall not initiate an Auction Period Adjustment unless it shall have received the written consent of the Market Agent and the Surety ProviderAgent, which consent shall not be unreasonably withheld, not less than three days nor more than 20 days prior to the effective date of an
Appears in 1 contract
Samples: Trust Agreement (Emt Corp)
Changes in Auction Period or Periods. (a) While any of the Auction Rate Certificates 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 Certificate Class Interest Rate borne by the Auction Rate CertificatesNotes. The Issuer shall not initiate an Auction Period Adjustment unless it the Issuer shall have received the written consent of the Market Agent and the Surety Provider, which consent consents shall not be unreasonably withheld, not less than three days nor more than 20 days prior to the effective date of an
Appears in 1 contract
Samples: Transworld Insurance Co