Mandatory Purchase on Conversion Date Clause Samples

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole on the Conversion Date at a purchase price equal to one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of purchase, on the Conversion Date; provided that there shall not be so purchased (1) Bonds or portions thereof in authorized denominations with respect to which the Trustee shall have received Optional Retention Notices from the owners thereof, and (2) Bonds issued in exchange for or upon the registration of transfer of Bonds or portions thereof in authorized denominations referred to in (1) above.

Mandatory Purchase on Conversion Date and at End of --------------------------------------------------- Term Rate Period; Upon Expiration of Letter of Credit; Upon Issuance of ----------------------------------------------------------------------- Alternate Letter of Credit; and at Direction of Bank. The Bonds shall be subject ---------------------------------------------------- to mandatory purchase at a purchase price equal to the principal amount thereof plus, in the case of purchases on a Purchase Date which is not an Interest Payment Date, accrued interest thereon, as follows: (a) on each Conversion Date, or if such Conversion Date is not a Business Day, the first Business Day succeeding such Conversion Date, and on the first Business Day immediately following the end of each Term Rate Period; (b) while the Bonds are in the Weekly Mode, on the Interest Payment Date next preceding by at least two Business Days the Expiration Date of the Letter of Credit unless at least 45 days (or such shorter period as shall be acceptable to the Trustee) prior to such Interest Payment Date the Trustee has received notice that the Letter of Credit has been or will be extended; (c) on the Interest Payment Date on which an Alternate Letter of Credit is issued pursuant to Section 5.09; and (d) while the Bonds are in the Weekly Mode, on the Purchase Date stipulated by the Bank pursuant to Section 7.03 in the event the Bank directs the Trustee pursuant to Section 7.03 to call the Bonds for mandatory purchase pursuant to this clause. The Trustee shall cause notice of any mandatory purchase to be given not more than 45 and not less than 15 days prior to the Purchase Date, by mailing copies of such notice of mandatory purchase by first class mail, postage prepaid, to all Holders of Bonds to be purchased at their registered addresses, but failure to mail any such notice or defect in the mailing thereof in respect of any Bond shall not affect the validity of the mandatory purchase of any other Bond with respect to which notice was properly given. Each such notice shall be dated and shall be given in the name of the Issuer and shall state the following information: (i) the identification numbers, as established under this Indenture, and the CUSIP numbers, if any, of the Bonds being

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole on the Conversion Date at a purchase price equal to one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of purchase, on the Conversion Date; provided that there shall not be so purchased (1) Bonds or portions thereof in authorized denominations with respect to which the Trustee shall have received Optional Retention Notices from the owners thereof, and (2) Bonds issued in exchange for or upon the registration of transfer of Bonds or portions thereof in authorized denominations referred to in (1) above. Purchases under this Section 7.1(b) shall be in accordance with Section 2.2(e) hereof.

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole at a purchase price equal to 100% of the principal amount thereof, without premium, plus accrued interest, if any, thereon to the date of purchase, on the Conversion Date; provided that there shall not be so purchased (i) Bonds or portions thereof in Authorized Denominations with respect to which the Trustee shall have received Optional Retention Notices from the Registered Owners thereof, and (ii) Bonds issued in exchange for or upon registration of transfer of Bonds or portions thereof in Authorized Denominations referred to in clause (i) of this subsection (e).

Mandatory Purchase on Conversion Date. The Notes shall be ------------------------------------- subject to mandatory purchase, in whole, at a purchase price equal to the principal amount thereof, plus accrued interest, if any, thereon to the Purchase Date on each Conversion Date for any Conversion.

Mandatory Purchase on Conversion Date. On each Conversion Date, the Certificates shall be subject to mandatory purchase at a purchase price equal to the Principal Amount of each Certificate.

Mandatory Purchase on Conversion Date upon Expiration of Letter of Credit, and at Direction of Agent (a) The Bonds shall be subject to mandatory purchase, at a purchase price equal to the principal amount thereof plus, in the case of purchases on a Purchase Date which is not an Interest Payment Date, accrued interest thereon, as follows: (i) on the Conversion Date, or if the Conversion Date is not a Business Day, the first Business Day succeeding the Conversion Date; (ii) on the Interest Payment Date next preceding the Expiration Date of the Letters of Credit or, if earlier, the 30th day next preceding such Expiration Date, unless the Trustee has received notice from the Agent that the Letters of Credit have been or will be extended or an Alternate Letter of Credit will be provided pursuant to Section 5.08; (iii) On the Expiration Date of the Letters of Credit unless the Trustee has received by 11:00 a.m. on such Expiration Date a written extension of the Letters of Credit or an Alternate Letter of Credit; and (iv) on the Purchase Date stipulated by the Agent pursuant to Section 7.03 in the event the Agent directs the Trustee pursuant to Section 7.03 to call the Bonds for mandatory purchase pursuant to this clause. (b) In the case of any mandatory purchase of the Bonds pursuant to clause (a)(ii) or (a)(iii) above, the Trustee shall cause notice of such mandatory purchase to be given not more than 45 and not less than 15 days prior to the Purchase Date, by mailing copies of such notice of mandatory purchase by first class mail, postage prepaid, to all Holders of Bonds to be purchased at their registered addresses, but failure to mail any such notice or defect in the mailing thereof in respect of any Bond shall not affect the validity of the mandatory purchase of any other Bond with respect to which notice was properly given. Each such notice shall be dated and shall be given in the name of the Issuer and shall state the following information: (i) the identification numbers, as established under this Indenture, and the CUSIP numbers, if any, of the Bonds being purchased; (ii) any other descriptive information needed to identify accurately the Bonds being purchased; (iii) the Purchase Date; (iv) the purchase price; (v) that on the Purchase Date the purchase price will become due and payable upon each Bond; (vi) the place where the Bonds are to be delivered for payment of the purchase price, which place of payment shall be the Principal Office or Delivery Office of the Trustee; and (vii) the Holde...