Common use of CHANGES IN THE AUCTION DATE Clause in Contracts

CHANGES IN THE AUCTION DATE. The 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 of this First Terms Supplement with respect to one or more specified 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 day of the week constituting an Auction Date and the Series Interest Rate borne on the 1998 Notes. The 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 20 days prior to the effective date of such change together with a certificate demonstrating the need for change in reliance on such factors. The 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 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer an the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information' contained in Exhibit F to this First Terms Supplement. In connection with any change described in this Section 2.5.7 the Auction Agent shall provide such further notice to such parties as is specified in Section 2.5 of the Auction Agent Agreement.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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CHANGES IN THE AUCTION DATE. The 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 of this First Third Terms Supplement with respect to one or more specified 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 day of the week constituting an Auction Date and the Series Interest Rate borne on the 1998 1999-I Notes. The 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 20 days prior to the effective date of such change together with a certificate demonstrating the need for change in reliance on such factors. The 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 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer an the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information' information contained in Exhibit F to this First Third Terms Supplement. In connection with any change described in this Section 2.5.7 2.5.7, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.5 of the Auction Agent Agency Agreement.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

CHANGES IN THE AUCTION DATE. The 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 of this First Sixth Terms Supplement with respect to one or more specified 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 day of the week constituting an Auction Date and the Series Interest Rate borne on the 1998 Notes. The 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 20 days prior to the effective date of such change together with a certificate demonstrating the need for change in reliance on such factors. The 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 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer an and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information' information contained in Exhibit F to this First Sixth Terms Supplement. In connection with any change described in this Section 2.5.7 2.5.7, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.5 of the Auction Agent Agency Agreement.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

CHANGES IN THE AUCTION DATE. The 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 of this First Second Terms Supplement with respect to one or more specified 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 day of the week constituting an Auction Date and the Series Interest Rate borne on the 1998 1999 Notes. The 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 20 days prior to the effective date of such change together with a certificate demonstrating the need for change in reliance on such factors. The 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 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer an the Securities Depository. Such notice shall be substantially in the form ofform, of or contain substantially the information' contained in Exhibit F to this First Second Terms Supplement. In connection with any change described in this Section 2.5.7 2.5.7, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.5 of the Auction Agent Agency Agreement.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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CHANGES IN THE AUCTION DATE. The 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 of this First Fourth Terms Supplement with respect to one or more specified 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 day of the week constituting an Auction Date and the Series Interest Rate borne on the 1998 2000 Notes. The 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 20 days prior to the effective date of such change together with a certificate demonstrating the need for change in reliance on such factors. The 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 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer an and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information' information contained in in, Exhibit F to this First Fourth Terms Supplement. In connection with any change described in this Section 2.5.7 2.5.7, the Auction Agent shall provide such further notice to such parties as is specified in Section 2.5 of the Auction Agent Agency Agreement.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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