Common use of Inadequate Funds to Pay Purchase Price Clause in Contracts

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.

Inadequate Funds to Pay Purchase Price. If sufficient funds are not available for the purchase of all 2024 Series A-2 B-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 B-2 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2024 Series A-2 B-2 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2024 Series A-2 B-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.

Inadequate Funds to Pay Purchase Price. If sufficient funds are not available for the purchase of all 2024 2017 Series A-2 B-1 Bonds tendered or deemed tendered and required to be purchased on any Purchase Date or Mandatory Purchase Date, all such 2024 2017 Series A-2 B-1 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2024 2017 Series A-2 B-1 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2024 2017 Series A-2 B-1 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.

Inadequate Funds to Pay Purchase Price. If sufficient funds are not available for the purchase of all 2024 2023 Series A-2 N-2 Bonds tendered or deemed tendered and required to be purchased on any Purchase Date or Mandatory Purchase Date, all such 2024 2023 Series A-2 N-2 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2024 2023 Series A-2 N-2 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2024 2023 Series A-2 N-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.