Common use of Duties of Remarketing Agent Clause in Contracts

Duties of Remarketing Agent. Except as otherwise described herein, the Remarketing Agent will set the interest rates on the Bonds and perform the other duties provided for in Section 3.02 and will remarket the Bonds as provided in Section 4.11, subject to any provisions of a remarketing agreement between the Company and the Remarketing Agent. The Remarketing Agent may for its own account or as broker or agent for others deal in Bonds and may do anything any other Bondholder may do to the same extent as if the Remarketing Agent were not serving as such.

Appears in 4 contracts

Samples: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co)

AutoNDA by SimpleDocs

Duties of Remarketing Agent. Except as otherwise described herein, the The Remarketing Agent will set the interest rates on the Bonds and perform the other duties provided for in Section 3.02 2.02 and will remarket the Bonds as provided in Section 4.113.08, subject to any provisions of a remarketing agreement between the Company and the Remarketing Agent. The Remarketing Agent may for its own account or as broker or agent for others deal in Bonds and may do anything any other Bondholder may do to the same extent as if the Remarketing Agent were not serving as such.

Appears in 2 contracts

Samples: Trust Indenture (Gulf Power Co), Trust Indenture (Gulf Power Co)

Duties of Remarketing Agent. Except as otherwise described herein, the The Remarketing Agent will set ------------ --------------------------- determine the interest rates rate on the Bonds and perform the other duties provided for in Section 3.02 and will remarket the Bonds as provided in this Indenture as the designee of the Issuer. The Remarketing Agent will use its best efforts to remarket Bonds as provided in Section 4.11, subject to any provisions 407 hereof as the designee of a remarketing agreement between the Company and the Borrower. There may be separate Remarketing AgentAgents for these functions. The Remarketing Agent may for its own account or as broker or agent for others deal in Bonds and may do anything any other Bondholder may do to the same extent as if the Remarketing Agent were not serving as such.

Appears in 1 contract

Samples: Indenture of Trust (Pen Tab Industries Inc)

AutoNDA by SimpleDocs

Duties of Remarketing Agent. Except as otherwise described herein, the The Remarketing Agent will shall set the interest rates on the Bonds and perform the other duties provided for in Section 3.02 2.02 and will remarket the Bonds as provided in Section 4.113.07, subject to any provisions of a remarketing agreement between the Company and the Remarketing AgentAgreement, which shall control in the case of any conflict with this Indenture. So long as the Bonds are held in the Book-Entry System, the Remarketing Agent must be Participant in such system with respect to the Bonds, except under the circumstances described in Section 3.07. The Remarketing Agent may for its own account or as broker or agent for others deal in the Bonds and may do anything any other Bondholder may do to the same extent as if the Remarketing Agent were not serving as such.

Appears in 1 contract

Samples: Indenture of Trust (Rykoff Sexton Inc)

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