Common use of Duties of Trustee and Tender Agent with Respect to Purchase of Bonds Clause in Contracts

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c), 4.01, 4.02 OR 4.04 hereof in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys representing the Purchase Price of such Bonds shall have been delivered to or for the account of or to the order of such Owners of Bonds; (b) The Trustee shall hold all moneys delivered to it pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered such moneys until the Bonds purchased with such moneys shall have been delivered to or for the account of such person or entity; (c) The Tender Agent shall deliver to the Trustee, the Company, the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof and, immediately upon the delivery to it of Bonds in accordance with said SECTION 4.04, give telephonic or telegraphic notice to the Company, the Trustee and the Bank specifying the principal amount of the Bonds so delivered; and (d) The Trustee shall draw moneys under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND 6.12 hereof to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c)Sections 5.01, 4.01, 4.02 OR 4.04 5.03 or 5.04 hereof in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys representing the Purchase Price of such Bonds shall have been delivered to or for the account of or to the order of such Owners of Bonds;. Upon delivery of monies representing the Purchase Price of such Bonds to or for the account of or to the order of such Owners of Bonds, the Tender Agent shall deliver all such Unremarketed Bonds, the funds for which have been obtained by a drawing under the Letter of Credit, to the Pledged Bonds Custodian pursuant to Section 5.06(b) hereof for the purpose of perfecting the Bank's security interest therein under the Pledge Agreement unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.06 hereof. (b) The Trustee and the Tender Agent shall hold all moneys delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys shall have been delivered to or for the account of the Pledged Bonds Custodian, the Bank or to such person or entity;other purchaser, as appropriate. (c) The Tender Agent Trustee shall deliver to the Trustee, the Company, Company and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.04 within two (2) days of the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04, Section 5.04; the Tender Agent shall give telephonic or telegraphic notice to the Company, Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.05 and 6.12 hereof to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c)Sections 5.01, 4.01, 4.02 OR 4.04 5.04 or 5.05 hereof in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys representing the Purchase Price of such Bonds shall have been delivered to or for the account of or to the order of such Owners of Bonds;. Upon delivery of moneys representing the Purchase Price of such Bonds to or for the account of or to the order of such Owners of Bonds, the Tender Agent shall deliver all such Unremarketed Bonds, the funds for the purchase of which shall have been obtained by a drawing under the Letter of Credit, to the Pledged Bonds Custodian pursuant to Section 5.07(b) hereof for the purpose of perfecting the Bank's security interest therein under the Reimbursement Agreement unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.07 hereof. (b) The Trustee and the Tender Agent shall hold all moneys delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of Remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys shall have been delivered to or for the account of the Pledged Bond Custodian, the Bank or to such person or entity;other purchaser, as appropriate. (c) The Tender Agent Trustee shall deliver to the Trustee, the Company, Company and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.05 within two (2) days of the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04Section 5.05, the Tender Agent shall give telephonic or telegraphic notice to the Company, Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.06 and 6.12 hereof to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c), 4.01, 4.02 OR 4.04 hereof Sections 5.01,5.03 or 5.04 of this Indenture in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys money representing the Purchase Price of such Bonds shall have been delivered to or for the account of of, or to the order of of, such Owners of Bonds;. Upon delivery of money representing the Purchase Price of such Bonds to or for the account of, or to the order of, such Owners of Bonds, the Tender Agent shall deliver all such Unremarketed Bonds, the funds for which shall have been obtained by a drawing under the Letter of Credit, to the Pledged Bonds Custodian pursuant to Section 5.06(b) of this Indenture for the purpose of perfecting the Bank’s security interest therein under the Pledge Agreement, unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.06 of this Indenture. (b) The Trustee and the Tender Agent shall hold all moneys money delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of Remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys money shall have been delivered to or for the account of the Pledged Bonds Custodian, to the Bank or to such person or entity;other purchasers, as appropriate. (c) The Tender Agent shall deliver to the Trustee, the Company, Company and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.04 within two (2) Business Days following the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04Section 5.04, the Tender Agent shall give telephonic or telegraphic notice to the Company, Placement and Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys money under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.05 and 6.12 hereof of this Indenture to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c)Sections 5.01, 4.01, 4.02 OR 4.04 5.03 or 5.04 hereof in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys money representing the Purchase Price of such Bonds shall have been delivered to or for the account of or to the order of such Owners of Bonds;. Upon delivery of money representing the Purchase Price of such Bonds to or for the account of or to the order of such Owners of Bonds, the Tender Agent shall deliver all such Unremarketed Bonds, the funds for which shall have been obtained by a drawing under the Letter of Credit, to the Pledged Bonds Custodian pursuant to Section 5.06(b) hereof for the purpose of perfecting the Bank’s security interest therein under the Pledge Agreement unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.06 hereof. (b) The Trustee and the Tender Agent shall hold all moneys money delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of Remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys money shall have been delivered to or for the account of the Pledged Bonds Custodian, the Bank or to such person or entity;other purchaser, as appropriate. (c) The Tender Agent Trustee shall deliver to the Trustee, the Company, Company and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.04 within two (2) Business Days of the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04Section 5.04, the Tender Agent shall give telephonic or telegraphic notice to the Company, Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys money under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.05 and 6.12 hereof to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c)Sections 5.01, 4.01, 4.02 OR 4.04 5.03 or 5.04 hereof in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys representing the Purchase Price of such Bonds shall have been delivered to or for the account of or to the order of such Owners of Bonds;. Upon delivery of monies representing the Purchase Price of such Bonds to or for the account of or to the order of such Owners of Bonds, the Tender Agent shall deliver all Unremarketed Bonds, the funds for which have been obtained by a drawing under the Letter of Credit for such Bonds, to the Pledged Bonds Custodian pursuant to Section 5.06(b) hereof for the purpose of perfecting the Bank's security interest therein under the Pledge Agreement unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.06 hereof. (b) The Trustee and the Tender Agent shall hold all moneys delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate accountaccounts, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys shall have been delivered to or for the account of the Pledged Bonds Custodian, the Bank or to such person or entity;other purchaser, as appropriate. (c) The Tender Agent Trustee shall deliver to the Trustee, the Company, Company and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.04 within two (2) Business Days of the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04Section 5.04, the Tender Agent shall give telephonic or telegraphic notice to the Company, Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys under the appropriate Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.05 and 6.12 hereof to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c)Sections 5.01, 4.01, 4.02 OR 4.04 hereof 5.03 or 5.04 of this Indenture in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys money representing the Purchase Price of such Bonds shall have been delivered to or for the account of of, or to the order of of, such Owners of Bonds;. Upon delivery of money representing the Purchase Price of such Bonds to or for the account of, or to the order of, such Owners of Bonds, the Tender Agent shall deliver all such Unremarketed Bonds, the funds for which shall have been obtained by a drawing under the Letter of Credit, to the Pledged Bonds Custodian pursuant to Section 5.06(b) of this Indenture for the purpose of perfecting the Bank’s security interest therein under the Pledge Agreement, unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.06 of this Indenture. (b) The Trustee and the Tender Agent shall hold all moneys money delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of Remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys money shall have been delivered to or for the account of the Pledged Bonds Custodian, to the Bank or to such person or entity;other purchasers, as appropriate. (c) The Tender Agent shall deliver to the Trustee, the Company, Company and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.04 within two (2) Business Days following the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04Section 5.04, the Tender Agent shall give telephonic or telegraphic notice to the Company, Placement and Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys money under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.05 and 6.12 hereof of this Indenture to provide for timely payment of the Purchase Price of Bonds.

Duties of Trustee and Tender Agent with Respect to Purchase of Bonds. (a) The Tender Agent shall hold all Bonds delivered to it pursuant to SECTION 2.02(c)Sections 5.01, 4.01, 4.02 OR 4.04 5.03 or 5.04 hereof in trust for the benefit of the respective Owners of Bonds which shall have so delivered such Bonds until moneys representing the Purchase Price of such Bonds shall have been delivered to or for the account of or to the order of such Owners of Bonds;. Upon delivery of moneys representing the Purchase Price of such Bonds to or for the account of or to the order of such Owners of Bonds, the Tender Agent shall deliver all such Unremarketed Bonds, the funds for which shall have been obtained by a drawing under the Letter of Credit, to the Pledged Bonds Custodian pursuant to Section 5.06(b) hereof for the purpose of perfecting the Bank's security interest therein under the Pledge Agreement unless the Bank shall direct the Tender Agent to deliver such Bonds to or upon the order of the Bank in accordance with Section 5.06 hereof. (b) The Trustee and the Tender Agent shall hold all moneys delivered to it them pursuant to this Indenture for the purchase of Bonds in a separate account, in trust for the benefit of the person or entity which shall have so delivered Bank or, in the case of remarketed Bonds, the purchasers of such moneys Bonds, until the Bonds purchased with such moneys shall have been delivered to or for the account of the Pledged Bonds Custodian, the Bank or to such person or entity;other purchaser, as appropriate. (c) The Tender Agent Trustee shall deliver to the Trustee, the Company, Borrower and the Bank and the Remarketing Agent a copy of each notice delivered to it in accordance with SECTION 4.04 hereof andSection 5.04 within two (2) Business Days of the receipt thereof. (d) As soon as possible, immediately upon but not later than the delivery to it close of business on any date designated for purchase of Bonds in accordance with said SECTION 4.04Section 5.04, the Tender Agent shall give telephonic or telegraphic notice to the Company, Remarketing Agent and the Trustee and the Bank specifying the principal amount of the Bonds so delivered; anddelivered or deemed delivered for purchase on such date. (de) The Trustee shall draw moneys under the Letter of Credit in accordance with the terms thereof to the extent required by SECTIONS 4.05 AND Sections 5.05 and 6.12 hereof to provide for timely payment of the Purchase Price of Bonds.