Common use of Conditions to the Remarketing Agent's Obligations Clause in Contracts

Conditions to the Remarketing Agent's Obligations. (a) The obligations of the Remarketing Agent and any other remarketing underwriters to purchase and remarket the Debt Securities, as the case may be, shall be subject to the terms and conditions of the Remarketing Underwriting Agreement. (b) If at any time during the term of this Agreement, any Event of Default (as defined therein) under the Indenture, or event that with the passage of time or the giving of notice or both would become an Event of Default under the Indenture, has occurred and is continuing, then the obligations and duties of the Remarketing Agent under this Agreement shall be suspended until such default or event has been cured. The Company will cause the Trustee to give the Remarketing Agent notice of all such defaults and events of which the Trustee is aware.

Appears in 5 contracts

Samples: Remarketing Agreement (Amerus Group Co/Ia), Remarketing Agreement (Texas Utilities Co /Tx/), Remarketing Agreement (Arvin Industries Inc)

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Conditions to the Remarketing Agent's Obligations. (a) The ------------------------------------------------- obligations of the Remarketing Agent and any other remarketing underwriters to purchase and remarket the Debt Securities, as the case may be, shall be subject to the terms and conditions of the Remarketing Underwriting Agreement. (b) If at any time during the term of this Agreement, any Event of Default (as defined therein) under the Indenture, or event that with the passage of time or the giving of notice or both would become an Event of Default under the Indenture, has occurred and is continuing, then the obligations and duties of the Remarketing Agent under this Agreement shall be suspended until such default or event has been cured. The Company will cause the Trustee to give the Remarketing Agent notice of all such defaults and events of which the Trustee is aware.

Appears in 1 contract

Samples: Remarketing Agreement (Txu Capital Iv)

Conditions to the Remarketing Agent's Obligations. (a) The obligations of the Remarketing Agent and any other remarketing underwriters to purchase and remarket the Debt Securities, as the case may be, shall be subject to the terms and conditions of the Remarketing Underwriting Agreement. (ba) If at any time during the term of this Agreement, any Event of Default (as defined therein) under the Indenture, or event that with the passage of time or the giving of notice or both would become an Event of Default under the Indenture, has occurred and is continuing, then the obligations and duties of the Remarketing Agent under this Agreement shall be suspended until such default or event has been cured. The Company will cause the Trustee to give the Remarketing Agent notice of all such defaults and events of which the Trustee is aware.

Appears in 1 contract

Samples: Remarketing Agreement (Oneok Inc /New/)

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Conditions to the Remarketing Agent's Obligations. (a) The obligations of the Remarketing Agent Agent, the Secondary Purchaser and any other remarketing underwriters purchasers to purchase perform their respective obligations hereunder and remarket under the Debt Securities, as the case may be, Secondary Purchase Agreement shall be subject to the terms and conditions of the Remarketing Underwriting Secondary Purchase Agreement. (b) If at any time during the term of this Agreement, any Event of Default (as defined therein) under the IndentureNote Agreement, or event that with the passage of time or the giving of notice or both would become an Event of Default under the IndentureNote Agreement, has occurred and is continuingcontinuing under the Note Agreement, then the obligations and duties of the Remarketing Agent under this Agreement shall be suspended until such default or event has been cured. The Company will cause the Trustee to give shall notify the Remarketing Agent notice of all such defaults and events of which the Trustee is awareevents.

Appears in 1 contract

Samples: Note Agreement (Allied Capital Corp)

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