Funds for Purchase of Bonds Sample Clauses

Funds for Purchase of Bonds. On the date Bonds are to be purchased pursuant to Sections 4.01 or 4.02 hereof, such Bonds shall be purchased at the Purchase Price only from the funds listed below. Subject to the provisions of Section 6.12(c) hereof, funds for the payment of the Purchase Price shall be derived from the following sources in the order of priority indicated: (a) the proceeds of the sale of such Bonds which have been remarketed by the Remarketing Agent and which proceeds are on deposit with the Trustee prior to 12:00 Noon New York City time on the Mandatory Purchase Date or the Tender Date but, during any Credit Facility Period, only if such Bonds were purchased by an entity other than the Company or the Issuer, or any affiliate of the foregoing; (b) moneys drawn by the Trustee under the Credit Facility, during any Credit Facility Period, pursuant to Section 6.12 hereof; and (c) any other moneys furnished to the Trustee and available for such purpose.
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Funds for Purchase of Bonds. (a) On the date Bonds are to be purchased pursuant to Section 5.01, Section 5.03 or Section 5.04 hereof, such Bonds shall be purchased at the Purchase Price only from the funds listed below. Subject to the provisions of Section 6.12(c), funds for the payment of the Purchase Price shall be derived from the following sources in the order of priority indicated: (i) moneys drawn by the Trustee under the Letter of Credit for such Bonds (in the event of a drawing on the Letter of Credit to fund payment of the Purchase Price of Bonds tendered pursuant to Section 5.03 hereof, the Trustee shall draw on the existing Letter of Credit for such Bonds and not the Substitute Letter of Credit to fund such payment); (ii) proceeds of the remarketing of Bonds; and (iii) any other Available Moneys furnished to the Trustee or the Tender Agent and available for such purpose. (b) Payment for Bonds purchased pursuant to Sections 5.01, 5.03 or 5.04 shall be made as follows: (i) On the date on which such Bonds are to be purchased (the "Purchase Date"), the Trustee shall make a drawing pursuant to the Letter of Credit for such Bonds in respect of the Purchase Price of such Bonds. In connection therewith, the Trustee shall prepare and present to the Bank the appropriate certificates required such Letter of Credit by 12:00 noon, New York City time on the Business Day immediately preceding the Purchase Date. (ii) By not later than 10:00 a.m., New York City time, on the Purchase Date, the Remarketing Agent shall give telephonic notice, promptly confirmed in writing, to the Bank, the Trustee and the Tender Agent, specifying: (1) The total principal amount of Bonds, if any, remarketed by it. (2) The names of the persons to whom such Bonds were sold and are to be registered, each such person's address and social security number or taxpayer identification number, the denominations in which replacement Bonds are to be prepared, and any other appropriate registration and transfer instructions. (iii) There is hereby established with the Tender Agent a special fund to be designated the "Bond Purchase Fund" and therein two separate and segregated accounts to be designated the "Bond Remarketing Account" and the "Bond Bank Account." An amount equal to the proceeds received by the Trustee pursuant to a draw under the Letters of Credit shall be transferred by the Trustee in immediately available funds to the Tender Agent for deposit in the Bond Bank Account no later than 12:30 p.m., New York City ti...
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Funds for Purchase of Bonds. Section 4.03 of the Original Indenture is hereby amended and restated in its entirety as follows:
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Funds for Purchase of Bonds. On any Purchase Date, the Tendered Bonds shall be purchased by the Trustee at the Purchase Price only from the funds listed below. Funds for payment of the Purchase Price of the Tendered Bonds shall be derived from the following sources in order of priority indicated: (A) The cash proceeds actually on hand with the Trustee from the sale of such Bonds which have been remarketed by the Remarketing Agent prior to 10:00 a.m. New York time, on the Business Day preceding the date such Bonds are to be purchased, to any entity other than the Company, the Issuer or the Corporate Guarantor, or a Related Person to any of the foregoing; (B) Moneys drawn by the Trustee under the Letter of Credit; (C) Any other Non-Preference Moneys (except amounts drawn under the Letter of Credit) held by the Trustee and available for such purpose; and (D) Any other moneys furnished to the Trustee and available for such purpose.
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Funds for Purchase of Bonds. On the date Bonds are to be purchased pursuant to SECTION 2.02(c), 4.01, 4.02 OR 4.04 hereof, such Bonds shall be purchased at the Purchase Price only from the funds listed below. Subject to the provisions of SECTION 6.12(b), funds for the payment of the Purchase Price shall be derived from the following sources in the order of priority indicated: (a) the proceeds of the sale of such Bonds which have been remarketed by the Remarketing Agent, and which proceeds are on deposit with the Trustee prior to 12:00 Noon, New York City time, on the Business Day preceding the date such Bonds are to be purchased by any entity other than the Company or the Issuer, or any affiliate of the foregoing; (b) moneys drawn by the Trustee under the Letter of Credit; and (c) any other moneys furnished to the Trustee and available for such purpose.
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Funds for Purchase of Bonds. On the date Bonds are to be purchased pursuant to Section 3.01, 3.02 or 3.06 hereof, such Bonds shall be purchased at the Purchase Price only from the funds listed below. Subject to the provisions of Section 6.09(b), funds for the payment of the Purchase Price shall be derived from the following sources in the order of priority indicated: (i) moneys deposited into the Bond Fund pursuant to Section 6.03(a) hereof which constitute Available Moneys; (ii) the proceeds of the sale of such Bonds which have been remarketed by the Remarketing Agent prior to 4:00 P.M., New York City time, on the Business Day preceding the date such Bonds are to be purchased, to any entity other than the Company or the Authority; (iii) moneys drawn by the Trustee under the Letter of Credit; and (iv) any other moneys furnished to the Trustee and available for such purpose.
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Funds for Purchase of Bonds. (a) on the date Bonds are to be purchased pursuant to Section 5.01, 5.03 or Section 5.04 hereof, such Bonds shall be purchased at the Purchase Price only from the funds listed below. Subject to the provisions of Section 6.12(b), funds for the payment of the Purchase Price shall be derived from the following sources in the order of priority indicated: (i) moneys drawn by the Trustee under the Letter of Credit (in the event of a draw on the Letter of Credit to fund payment of the Purchase Price of Bonds tendered pursuant to Section 5.03 hereof, the Trustee shall draw on the existing Letter of Credit and not the Substitute Letter of Credit); (ii) proceeds of the remarketing of the Bonds; and (iii) any other Available Moneys furnished to the Trustee, or the Tender Agent and available for such purpose.
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Related to Funds for Purchase of Bonds

  • Purchase of Bonds The Company may at any time, and from time to time, furnish moneys to the Trustee accompanied by a notice directing such moneys to be applied to the purchase of Bonds in accordance with the provisions of the Indenture delivered pursuant to the Indenture, which Bonds shall, at the direction of the Company, be delivered in accordance with Section 3.06(a)(ii) of the Indenture.

  • Issuance and Purchase of the Notes (a) Delivery of the Funding Agreement and the Guarantee to the Custodian, on behalf of the Indenture Trustee, pursuant to the Assignment or execution of the cross receipt contained in the Closing Instrument shall be confirmation of payment by the Trust for the Funding Agreement. (b) The Trust hereby directs the Indenture Trustee, upon receipt by the Custodian, on behalf of the Indenture Trustee, of the Funding Agreement pursuant to the Assignment and upon receipt by the Custodian, on behalf of the Indenture Trustee, of the Guarantee, (i) to authenticate the certificates representing the Notes (the “Notes Certificates”) in accordance with the Indenture and (ii) to (A) deliver each relevant Notes Certificate to the clearing system or systems identified in each such Notes Certificate, or to the nominee of such clearing system, or the custodian thereof, for credit to such accounts as the Purchasing Agent may direct, or (B) deliver each relevant Notes Certificate to the purchasers thereof as identified by the Purchasing Agent.

  • Purchase of Notes The Company will not and will not permit any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or exchange for any such Notes.

  • Repurchase of Notes Neither the Company nor any Consolidated Subsidiary or Affiliate, directly or indirectly, may repurchase or make any offer to repurchase any Notes unless an offer has been made to repurchase Notes, pro rata, from all holders of the Notes at the same time and upon the same terms. In case the Company repurchases or otherwise acquires any Notes, such Notes shall immediately thereafter be canceled and no Notes shall be issued in substitution therefor. Without limiting the foregoing, upon the repurchase or other acquisition of any Notes by the Company, any Consolidated Subsidiary or any Affiliate, such Notes shall no longer be outstanding for purposes of any section of this Agreement relating to the taking by the holders of the Notes of any actions with respect hereto, including without limitation, SECTION 6.3, SECTION 6.4 and SECTION 7.1.

  • Issuance of Bonds Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.

  • Purchase of Notes and Warrants On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Purchase of Notes as Principal (a) Subject in all respects to the terms and conditions of the Distribution Agreement, the Trust hereby agrees to sell to the Purchasing Agent and the Purchasing Agent hereby agrees to purchase the Notes having the terms specified in the Pricing Supplement relating to such Notes. (b) In connection with any purchase of Notes from the Trust by the Purchasing Agent as principal, the parties agrees that the items specified on Schedule I of the Omnibus Instrument will be delivered as of the Settlement Date.

  • Form of Bonds The Bonds, the form of Trustee’s certificate of authentication, and the form of assignment to appear thereon, shall be substantially in the respective forms set forth in Exhibit A attached hereto and by this reference incorporated herein, with necessary or appropriate variations, omissions and insertions, as permitted or required by this Indenture.

  • Optional Purchase of Certain Mortgage Loans With respect to any Mortgage Loans which as of the first day of a Fiscal Quarter is delinquent in payment by 90 days or more or is an REO Property, EMC shall have the right to purchase any Mortgage Loan from the Trust which becomes 90 days or more delinquent or becomes an REO Property at a price equal to the Purchase Price; provided however (i) that such Mortgage Loan is still 90 days or more delinquent or is an REO Property as of the date of such purchase and (ii) this purchase option, if not theretofore exercised, shall terminate on the date prior to the last day of the related Fiscal Quarter. This purchase option, if not exercised, shall not be thereafter reinstated unless the delinquency is cured and the Mortgage Loan thereafter again becomes 90 days or more delinquent or becomes an REO Property, in which case the option shall again become exercisable as of the first day of the related Fiscal Quarter. In addition, EMC shall, at its option, purchase any Mortgage Loan from the Trust if the first Due Date for such Mortgage Loan is subsequent to the Cut-off Date and the initial Scheduled Payment is not made within thirty (30) days of such Due Date. Such purchase shall be made at a price equal to the Purchase Price. If at any time EMC remits to the Master Servicer a payment for deposit in the Protected Account covering the amount of the Purchase Price for such a Mortgage Loan, and EMC provides to the Trustee a certification signed by a Servicing Officer stating that the amount of such payment has been deposited in the Protected Account, then the Trustee shall execute the assignment of such Mortgage Loan prepared and delivered to the Trustee, at the request of EMC, without recourse, representation or warranty, to EMC which shall succeed to all the Trustee’s right, title and interest in and to such Mortgage Loan, and all security and documents relative thereto. Such assignment shall be an assignment outright and not for security. EMC will thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto.

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