MANDATORY PURCHASE NOTICE Sample Clauses
MANDATORY PURCHASE NOTICE. In accordance with the Fund's Statement of Preferences of VRDP Shares, dated September 13, 2011 (the "Statement of Preferences"), the Fund hereby notifies Holders and the Liquidity Provider of the Mandatory Purchase of the Outstanding VRDP Shares for purchase by the Liquidity Provider on the Mandatory Purchase Date specified below due to the occurrence of the following Mandatory Purchase Event: The termination of the VRDP Shares Purchase Agreement prior to or on a Scheduled Termination Date where:
MANDATORY PURCHASE NOTICE. In accordance with the Fund’s Amended and Restated Articles Supplementary Establishing and Fixing the Rights and Preferences of VRDP Shares, dated April 7, 2022 (the “Articles Supplementary”), the Fund hereby notifies Holders and the Liquidity Provider of the Mandatory Purchase of the Outstanding VRDP Shares for purchase by the Liquidity Provider on the Mandatory Purchase Date specified below due to the occurrence of the following Mandatory Purchase Event: The termination of the VRDP Shares Purchase Agreement prior to or on a Scheduled Termination Date where:
MANDATORY PURCHASE NOTICE. In accordance with the Fund's [Statement of Preferences of Variable Rate Demand Preferred Shares/Articles Supplementary Establishing and Fixing the Rights and Preferences of the Variable Rate Demand Preferred Shares] dated [·] (the "Statement"), the Fund hereby notifies Holders and the Liquidity Provider of the Mandatory Purchase of the Outstanding VRDP Shares for purchase by the Liquidity Provider on the Mandatory Purchase Date specified below due to the occurrence of the following Mandatory Purchase Event: The termination of the VRDP Shares Purchase Agreement prior to or on a Scheduled Termination Date where:
MANDATORY PURCHASE NOTICE. (i) On or before the third (3rd) Trading Day preceding the commencement of an Investment Period, unless otherwise agreed by the parties to this Agreement, the Chief Financial Officer of the Company (or such other person as designated in writing) may, at the Company's sole discretion, deliver a written notice to the Investor (each such notice being a "Mandatory Purchase Notice") which states that the Investor shall be obligated to purchase the Minimum Obligation during such Investment Period subject to the terms and conditions contained herein and sets the Floor Price for such Investment Period. Each Mandatory Purchase Notice shall be irrevocable.
(ii) COMPANY CANCELLATION OR LIMITATION OF MINIMUM OBLIGATION OR INVESTOR CALL. In the event the Company intends not to obligate the Investor to purchase Common Stock represented by the Minimum Obligation during an Investment Period or in the event the Company intends to cancel or limit the amount of the Investor Call Amount, on or before the third (3rd) Trading Day preceding the commencement of such Investment Period, the Company shall deliver a Cancellation Notice to the Investor. The delivery of such Cancellation Notice shall cancel or limit the amount of the Investor Call Amount to the extent set forth in such Cancellation Notice. Such Cancellation Notice shall be irrevocable.
MANDATORY PURCHASE NOTICE. In accordance with the Fund’s Articles Supplementary Establishing and Fixing the Rights and Preferences of “VRDP Shares” dated April 20 (the “Articles Supplementary”), the Fund hereby notifies Holders and the Liquidity Provider of the Mandatory Purchase of the Outstanding VRDP Shares for purchase by the Liquidity Provider on the Mandatory Purchase Date specified below due to the occurrence of the following Mandatory Purchase Event: The termination of the VRDP Shares Purchase Agreement prior to or on a Scheduled Termination Date where:
MANDATORY PURCHASE NOTICE. (i) On or before the twentieth (20th) day preceding the commencement of an Investment Period, unless otherwise agreed by the parties to this Agreement, the Chief Executive Officer or the Senior Vice President of the Company (or such other person as designated by either in writing) may, at the Company's sole discretion, deliver a written notice to the Investor (each such notice being a "Mandatory Purchase Notice") which states that the Investor shall be obligated to purchase the Minimum Amount during such Investment Period subject to the terms and conditions contained herein. Each Mandatory Purchase Notice shall be irrevocable.
MANDATORY PURCHASE NOTICE. (i) On or before the third (3rd) Trading Day preceding the commencement of an Investment Period, unless otherwise agreed by the parties to this Agreement, the Chief Financial Officer of the Company (or such other person as designated in writing) may, at the Company's sole discretion, deliver a written notice to the Investor (each such notice being a "Mandatory Purchase Notice") which states that the Investor shall be obligated to purchase the Minimum Obligation during such Investment Period subject to the terms and conditions contained herein and sets the Floor Price for such Investment Period. Each Mandatory Purchase Notice shall be irrevocable.