Inadequate Funds to Pay Purchase Price Sample Clauses

Inadequate Funds to Pay Purchase Price. If sufficient funds are not available for the purchase of all 2024 Series A-2 Bonds tendered or deemed tendered and required to be purchased on any Purchase Date or Mandatory Purchase Date, all such 2024 Series A-2 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2024 Series A-2 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2024 Series A-2 Bonds shall be returned to their respective Owners. Notwithstanding any other provision of this Series Indenture, such failed purchase and return shall not constitute an Event of Default.
Sample 1See All (4)
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Inadequate Funds to Pay Purchase Price. If sufficient funds are not available for the purchase of all 2024 Series C-2 Bonds tendered or deemed tendered and required to be purchased on any Purchase Date or Mandatory Purchase Date, all such 2024 Series C-2 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2024 Series C-2 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2024 Series C-2 Bonds shall be returned to their respective Owners. Notwithstanding any other provision of this Series Indenture, such failed purchase and return shall not constitute an Event of Default.
Sample 1
Inadequate Funds to Pay Purchase Price. If sufficient funds are not available for the purchase of all 2023 Series Q-2 Bonds tendered or deemed tendered and required to be purchased on any Purchase Date or Mandatory Purchase Date, all such 2023 Series Q-2 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2023 Series Q-2 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2023 Series Q-2 Bonds shall be returned to their respective Owners. Notwithstanding any other provision of this Series Indenture, such failed purchase and return shall not constitute an Event of Default.
Sample 1

Related to Inadequate Funds to Pay Purchase Price

  • Asset Purchase Price (a) All Assets and assets of the Failed Bank subject to an option to purchase by the Assuming Institution shall be purchased for the amount, or the amount resulting from the method specified for determining the amount, as specified on Schedule 3.2, except as otherwise may be provided herein. Any Asset, asset of the Failed Bank subject to an option to purchase or other asset purchased for which no purchase price is specified on Schedule 3.2 or otherwise herein shall be purchased at its Book Value. Loans or other assets charged off the Accounting Records of the Failed Bank before the Bid Valuation Date shall be purchased at a price of zero. (b) The purchase price for securities (other than the capital stock of any Acquired Subsidiary, Shared-Loss Securities, FRB and FHLB stock) purchased under Section 3.1 by the Assuming Institution shall be the market value thereof as of Bank Closing, which market value shall be (i) the market price for each such security quoted at the close of the trading day effective on Bank Closing as published electronically by Bloomberg, L.P., or alternatively, at the discretion of the Receiver, IDC/Financial Times (FT) Interactive Data; (ii) provided, that if such market price is not available for any such security, the Assuming Institution will submit a bid for each such security within three days of notification/bid request by the Receiver (unless a different time period is agreed to by the Assuming Institution and the Receiver) and the Receiver, in its sole discretion will accept or reject each such bid; and (iii) further provided in the absence of an acceptable bid from the Assuming Institution, each such security shall not pass to the Assuming Institution and shall be deemed to be an excluded asset hereunder. (c) Qualified Financial Contracts shall be purchased at market value determined in accordance with the terms of Exhibit 3.2(c). Any costs associated with such valuation shall be shared equally by the Receiver and the Assuming Institution.

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