Delivery of Proceeds of Sale. The Remarketing Agent shall deliver directly to the Trustee an amount equal to the principal amount thereof plus accrued interest, if any, of the Bonds which the Remarketing Agent has advised the Trustee have been remarketed pursuant to Section 4.11(d)(2) no later than 1:30 p.m. (New York City time) on the purchase date.
Delivery of Proceeds of Sale. The proceeds of the sale by the Remarketing Agent of any Bonds held by it for the account of the Company, or delivered to it by any Bondholder or the Tender Agent, shall be deposited in the Remarketing Proceeds Account.
Delivery of Proceeds of Sale. The proceeds of the remarketing by the Remarketing Agent of any Bonds shall be transferred on the Purchase Date by the Remarketing Agent to the Trustee and from the Trustee to the Tender Agent, as applicable, by 11:00 a.m. (New York City time) on the Purchase Date and such proceeds shall be held in trust and applied by the Trustee or Tender Agent, as applicable, to the payment on the Purchase Date of the Purchase Price of Bonds to the Holders or Beneficial Owners thereof pursuant to Section 4.07(A)(2)(a) hereof by making Bonds available for delivery to the Remarketing Agent which are registered pursuant to the instructions of the Remarketing Agent or directing the transfer on the registration books of DTC pursuant to the instructions of the Remarketing Agent or, in the case of the remarketing of Bonds which constitute Bank Bonds, as provided in Section 4.07(C)(2) hereof. In making payments to the Bank, the Trustee may conclusively assume that the Bank has not been repaid from any other sources. To the extent that the Bank is repaid with proceeds of the sale of Bank Bonds by the Remarketing Agent, new Bonds shall be registered and delivered (or ownership interests transferred) as provided in Section 4.07(C)(2) hereof.
Delivery of Proceeds of Sale. The proceeds of the sale by ----------- ---------------------------- the Remarketing Agent pursuant to Section 407(a) or Section 407(d) hereof of Bonds delivered to the Tender Agent shall be turned over by the Remarketing Agent to the Tender Agent by 9:30 A.M., Baltimore time, on the Purchase Date or Mandatory Tender Date, as the case may be, at the Principal Office of the Tender Agent (or if the Bonds are in a Book Entry System, to the Securities Depository) against delivery of the remarketed Bonds to the Remarketing Agent and such proceeds shall be paid by the Tender Agent to the selling Bondholder (unless such proceeds have been paid directly to the Securities Depository by the Remarketing Agent as provided above). The Remarketing Agent shall no later than 9:30 A.M., Baltimore time, notify the Trustee of the delivery of proceeds of sale to the Tender Agent (or the Securities Depository). The proceeds of the sale by the Remarketing Agent of any Pledged Bond shall be paid to the Letter of Credit Issuer.
Delivery of Proceeds of Sale. The proceeds of the sale by the Remarketing Agent of any Notes held by it for the account of the Issuer, or delivered to it by any Noteholder or the Tender Agent, shall be turned over to the Issuer, such Noteholder or the Tender Agent, as the case may be; provided, however, that in the event that any such Note is sold by the Remarketing Agent at a price in excess of the principal amount thereof, then such excess shall be remitted to the Issuer.
Delivery of Proceeds of Sale. The proceeds of the sale of any Bonds delivered or deemed delivered to the Tender Agent or the Trustee pursuant to Section 202A or 203 of the Indenture, to the extent not required to pay the purchase price thereof in accordance with Section 302 of the Indenture, shall be paid as directed by the Company. In the event the Remarketing Agent shall have remarketed any Bonds purchased with funds from the Bank Account of the Bond Purchase Fund and pledged to the Bank ("Pledged Bonds"), upon receipt of such Pledged Bonds the Tender Agent shall deliver such Pledged Bonds to the purchasers thereof, in accordance with the instructions received by the Tender Agent from the Remarketing Agent, and the proceeds of the sale of such Pledged Bonds shall be delivered to the Bank on behalf of the Company as reimbursement under the Reimbursement Agreement.
Delivery of Proceeds of Sale. The proceeds of the remarketing of any Bonds by the Remarketing Agent shall be delivered by the Remarketing Agent directly to the Tender Agent no later than 12:00 Noon (New York City time) on the Purchase Date except that such proceeds shall (i) if the Interest Rate Mode for such Bonds is, or is being converted to, the Daily Rate, be delivered to the Tender Agent no later than 1:00 p.m. (New York City time) on the Purchase Date and (ii) if the Interest Rate Mode for such Bonds is, or is being converted to, the Commercial Paper Rate, be delivered to the Tender Agent no later than 1:00 p.m. (New York City time) on the Purchase Date, and, except as described in the next sentence, all such remarketing proceeds shall be deposited directly into the Remarketing Proceeds Account. The proceeds of any remarketing of Bonds by the Remarketing Agent to the Company, its Affiliates, the Issuer or any guarantor of the Bonds shall be delivered to the Tender Agent in accordance with the first sentence of this Section, separate and segregated from any other moneys and identified by the Remarketing Agent as to source, but shall not be deposited in the Purchase Fund but shall instead be deposited in a fund known as the “Company Fund” which is hereby established with the Tender Agent and which shall be maintained as a separate and segregated account and any moneys held therein shall not be commingled with moneys in the Purchase Fund or any other account or subaccount or with any other funds of the Tender Agent. In the absence of any of the aforesaid identifications, the Tender Agent may conclusively assume that no moneys representing the proceeds from the remarketing by the Remarketing Agent of any Bonds were proceeds from the remarketing of Bonds to the Company, its Affiliates, the Issuer or any guarantor of the Bonds. If a Credit Facility is then in effect, the moneys in the Company Fund shall be paid, to the extent not needed on such date to pay the purchase price of Bonds, first, to the Credit Facility Issuer, to the extent of any amounts that the Company owes the Credit Facility Issuer pursuant to the Reimbursement Agreement (as certified in writing by the Credit Facility Issuer to the Tender Agent and the Company) and, second, to the Company. If any Bonds held by the Tender Agent for the account of the Company pursuant to Section 5.04(a)(iii)(A) are remarketed by the Remarketing Agent pursuant to Section 5.02(b), then the proceeds received from such remarketing shall be r...
Delivery of Proceeds of Sale. Upon receipt, the proceeds of the remarketing by the Remarketing Agent of any Bonds shall be immediately applied by the Trustee or the Tender Agent, as applicable, to the payment of the Purchase Price of Bonds to the Holders or Beneficial Owners thereof pursuant to Section 4.7(A)(2)(a) hereof or to the reimbursement of the Credit Provider or the Borrower for such payment pursuant to Section 4.7(D)(1). The Trustee or Tender Agent, as applicable, will make the Bonds available for delivery against receipt of proceeds of the remarketing to the Remarketing Agent and will register such Bonds pursuant to the instructions of the Remarketing Agent or will direct the transfer on the registration books of DTC pursuant to the instructions of the Remarketing Agent or (1) in the case of the remarketing of Bonds which constitute Bank Bonds, as provided in Section 4.7(C)(2)(a) hereof and (2) in the case of the remarketing of Bonds which constitute Borrower Bonds, as provided in Section 4.7(C)(2)(b) hereof. In making payments to the Credit Provider or the Borrower, as applicable, the Trustee may conclusively assume that the Credit Provider or the Borrower, as applicable, has not been repaid from any other sources. To the extent that the Credit Provider is repaid with proceeds of the sale of Bank Bonds by the Remarketing Agent, or the Borrower is repaid with proceeds of the sale of Borrower Bonds, new Bonds shall be registered and delivered (or ownership interests transferred) as provided in Section 4.7(C)(1) hereof.
Delivery of Proceeds of Sale. Owner, Equitable Owner and Buyer agree that the proceeds of the Purchase Price shall be paid and distributed in accordance with the provisions of the Order and such payment shall be deemed to be payment to the Seller in accordance with the terms hereof.
Delivery of Proceeds of Sale. The proceeds of the sale by the Remarketing Agent of any Bonds delivered to it by, or held by it for the account of, the Borrower or the Bank, or delivered to it by the Bank or any other Owner, shall be turned over to the Borrower, the Bank or such other Owner, as the case may be. If the applicable Credit Facility provides for reinstatement in respect of the drawings for the purchase of Bonds tendered pursuant to Section 4.08 hereof by reimbursement to the Bank of the amount of such drawing, the Remarketing Agent shall deliver the proceeds of such remarketing to the Bank to the extent the Bank has not been reimbursed, and in connection therewith, the Trustee shall deliver any certificate required for reinstatement, in whole or in part, of any Credit Facility.
