Common use of CHANGES IN THE AUCTION DATE Clause in Contracts

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the Issuer, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Interest Rate borne by the Series 2002 Notes of such series. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer not less than three days nor more than twenty days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) of the Auction Agent Agreement.

Appears in 1 contract

Samples: Indenture of Trust (Collegiate Funding Services Inc)

AutoNDA by SimpleDocs

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the Issuer, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second First Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 2001 Notes 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 day of the week constituting an Auction Date and the Applicable Interest Rate borne by the Series 2002 2001 Notes of such series. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer not less than three days nor more than twenty days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second First Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: Indenture of Trust (Collegiate Funding Services Inc)

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second First Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series 2004-1 Note Interest Rate borne by the Series 2002 Notes of such series2004-1 Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer Corporation not less than three days nor more than twenty (20) days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second First Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: First Supplemental Indenture of Trust (Education Loans Inc /De)

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second Fourth Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series 2002-1 Note Interest Rate borne by the Series 2002 Notes of such series2002-1 Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer Corporation not less than three days nor more than twenty (20) days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second Fourth Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: Fourth Supplemental Indenture of Trust (Education Loans Inc /De)

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the --------------------------- written consent of an Authorized Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series 2000-1 Note Interest Rate borne by the Series 2002 Notes of such series2000-1 Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer Corporation not less than three days nor more than twenty (20) days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: Second Supplemental Indenture of Trust (Education Loans Inc /De)

CHANGES IN THE AUCTION DATE. The applicable Until the Series 1999-1 Senior Notes have been subject to Conversion, the Market Agent, with the written consent of an Authorized Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second First Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series 1999-1 Senior Note Interest Rate borne by the Series 2002 Notes of such series1999-1 Senior Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer Corporation not less than three days nor more than twenty (20) days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second First Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) of the Auction Agent Agreement.

Appears in 1 contract

Samples: First Supplemental Indenture of Trust (Education Loans Inc /De)

CHANGES IN THE AUCTION DATE. The applicable Market Agent: (i) in order to conform with then-current market practice with respect to similar securities, shall; or (ii) in order to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on an Auction Rate Note and with the written consent of an Authorized Officer Representative of the Issuer, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 1.01 of this Second Supplemental Indenture Appendix B with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day Periods. The Authorized Representative of the week constituting an Auction Date and the Applicable Interest Rate borne by the Series 2002 Notes of such series. The applicable Market Agent Issuer shall deliver a written request for not consent to such change in the Auction Date to Date, if such consent is required in subparagraph (b)(ii) above, unless he or she shall have received from the Issuer Market Agent not less than three days nor more than twenty 25 days prior to the effective date of such changechange a written request for consent together with a certificate demonstrating the need for change in reliance on such factors. The applicable Market Agent shall provide notice of its any determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G Appendix I to this Second Supplemental the Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) of the Auction Agent Agreement.

Appears in 1 contract

Samples: Indenture (National Collegiate Funding LLC)

AutoNDA by SimpleDocs

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the Issuer, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 1.1 of this Second Supplemental Indenture Fifth Terms Supplement with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series Interest Rate borne by on the Series 2002 Notes of such series2000-I Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer not less than three days nor more than twenty 20 days prior to the effective date of such change. change together with a certificate demonstrating the need for change in reliance on such factors The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G F to this Second Supplemental IndentureFifth Terms Supplement. In connection with any change described in this Section 112.5.7, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agency Agreement.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second Third Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series 2001-1 Note Interest Rate borne by the Series 2002 Notes of such series2001-1 Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer Corporation not less than three days nor more than twenty (20) days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second Third Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: Third Supplemental Indenture of Trust (Education Loans Inc /De)

CHANGES IN THE AUCTION DATE. The applicable Market Agent: (i) in order to conform with then-current market practice with respect to similar securities, shall; or (ii) in order to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on an Auction Rate Note and with the written consent of an Authorized Officer of the IssuerAdministrator, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 1.01 of this Second Supplemental Indenture Appendix B with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Interest Rate borne by the Series 2002 Notes of such seriesPeriods. The applicable Market Agent Administrator shall deliver a written request for not consent to such change in the Auction Date to Date, if such consent is required in subparagraph (b)(ii) above, unless he or she shall have received from the Issuer Market Agent not less than three days nor more than twenty 25 days prior to the effective date of such changechange a written request for consent together with a certificate demonstrating the need for change in reliance on such factors. The applicable Market Agent shall provide notice of its any determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G Appendix I to this Second Supplemental the Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) of the Auction Agent Agreement.

Appears in 1 contract

Samples: Indenture (National Collegiate Student Loan Trust 2004-1)

CHANGES IN THE AUCTION DATE. The applicable Market Agent, with the written consent of an Authorized Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1 of this Second First Supplemental Indenture with respect to one or more specified Auction Periods for one or more series of Series 2002 Notes 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 day of the week constituting an Auction Date and the Applicable Series 1999-1 Note Interest Rate borne by the Series 2002 Notes of such series1999-1 Notes. The applicable Market Agent shall deliver a written request for consent to such change in the Auction Date to the Issuer Corporation not less than three days nor more than twenty (20) days prior to the effective date of such change. The applicable Market Agent shall provide notice of its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least three ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Exhibit G to this Second First Supplemental Indenture. In connection with any change described in this Section 11, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.06(b) 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: First Supplemental Indenture of Trust (Education Loans Inc /De)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!