Mandatory Tender for Purchase Sample Clauses

Mandatory Tender for Purchase. On each Effective Date, Bonds in the Flexible Mode are subject to mandatory tender for purchase as provided in the forms of Flexible Bonds.

Mandatory Tender for Purchase. On each Effective Date, Bonds in the Multiannual Mode are subject to mandatory tender for purchase as provided in the forms of Multiannual Bond.

Mandatory Tender for Purchase. As provided below, the Bonds are subject to mandatory tender for purchase under certain circumstances. BY ACCEPTANCE OF THIS BOND, THE OWNER AGREES TO SELL AND SURRENDER THIS BOND, PROPERLY ENDORSED, UNDER THE CONDITIONS DESCRIBED BELOW. All purchases will be made in funds immediately available on the purchase date and will be at the Purchase Price. Bonds tendered for purchase on a date after a call for redemption but before the redemption date will be purchased pursuant to the tender. No purchase of Bonds shall be deemed to be a payment or redemption of the Bonds or of any portion thereof and such purchase will not operate to extinguish or discharge the indebtedness evidenced by such Bonds. Mandatory Tender at Beginning of a New Long-Term Interest Rate Period. When the Bonds of a series bear interest at a Long-Term Interest Rate and a new Long-Term Interest Rate is to be determined, the Bonds of such series will be subject to mandatory tender for purchase on the effective date of the new Long-Term Interest Rate. In the case of a change prior to the day originally established as the day after the last day of a Long-Term Interest Rate Period, the Bonds of such series will be purchased at the percentage of their principal amount which would be payable upon the applicable redemption described under “Optional Redemption During Long-Term Interest Rate Period” below. Mandatory Tender on Each Interest Payment Date During Commercial Paper Mode. When Bonds of a series bear interest at a Commercial Paper Rate, each Bond of such series must be tendered for purchase on the Interest Payment Date for such Bond. Mandatory Tender Upon a Change in the Determination Method. Subject to the provisions of Section 3.02(b) of the Agreement, on the effective date of the change in the Determination Method (the methods being Daily, Weekly, Commercial Paper, Long-Term or Auction Mode Interest Rates) of the Bonds of any series (the “Conversion Date”), the Bonds of such series will be subject to mandatory tender for purchase on the Conversion Date at the Purchase Price, except that in the case of a change prior to the day originally established as the date after the last day of a Long-Term Interest Rate Period, the Bonds of such series will be purchased at the percentage of their principal amount which would be payable upon the applicable redemption described under “Optional Redemption During Long-Term Interest Rate Period” below. Notice of Tender. At least 15 days before each mandato...

Mandatory Tender for Purchase. The Series 2013A Bonds shall mature on March 1, 2038 as provided in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series 2013A Bonds; the Series 2013B Bonds shall mature on May 1, 2043 as provided in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series 2013B Bonds; the Series 2013C Bonds shall mature on January 1, 2022 as provided in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series 2013C Bonds; the Series 2013D Bonds shall mature on March 1, 2024 as provided in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series 2013D Bonds; the Series 2013E Bonds shall mature on May 1, 2037 as provided in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series 2013E Bonds; and the Series 2014B Bonds shall mature on July 1, 2025 as provided in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and the Series 2014B Bonds. Notwithstanding the forgoing and subsection (d) below, except for the Series 2013C Bonds, the Bonds shall be subject to mandatory tender for purchase by the Borrower on the Initial Bank Tender Date and on each other Bank Tender Date. Except for the Series 2013C Bonds, the Bonds shall be purchased by the Borrower on the Initial Bank Tender Date and on each other Bank Tender Date by delivery of the Purchase Price to the Administrative Agent. Any indemnities and other amounts payable hereunder in connection with such purchase shall also be paid on such Bank Tender Date. (i) Section 8.2(a)(i) of the Bond Purchase and Covenants Agreement is hereby amended and restated in its entirety as follows: (i) notify the Trustee of such Event of Default, direct the Trustee to declare an Event of Default (as defined in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇), accelerate the Series 2013A Bonds, the Series 2013B Bonds and the Series 2013 Bonds and direct the Trustee to exercise remedies under the applicable Issuer Documents; (j) Schedule 1.1(B) attached to the Bond Purchase and Covenants Agreement is hereby amended and restated in the form of Schedule 1.1(B) attached hereto.

Mandatory Tender for Purchase. The 2015A Notes shall mature on December 1, 2038 as provided in the Indenture and 2015A Notes, and the 2015B Notes shall mature on December 1, 2038 as provided in the Indenture and 2015B Notes. Notwithstanding the forgoing and subsection (d) below, the 2015A Notes and the 2015B Notes shall be subject to mandatory tender for purchase by the Borrower on the Initial Bank Purchase Date and on each other Bank Purchase Date. The 2015A Notes and the 2015B Notes shall be purchased by the Borrower on the Initial Bank Purchase Date and on each other Bank Purchase Date by delivery of the Purchase Price to the Administrative Agent. Any indemnities and other amounts payable hereunder in connection with such purchase shall also be paid on such Bank Purchase Date. If the Borrower desires the Lenders (or the Administrative Agent on behalf of the Lenders) to repurchase and hold the Notes following the Initial Bank Purchase Date, it shall make a written request to the Administrative Agent not less than 180 days prior to the Initial Bank Purchase Date indicating such desire. The Lenders (or the Administrative Agent on behalf of the Lenders) shall have no obligation to repurchase the Notes. However, if Lenders do desire to repurchase and hold the Notes following the Initial Bank Purchase Date, the Administrative Agent shall give written notice of such desire (and the terms relating thereto) to the Borrower not less than 90 days prior to the Initial Bank Purchase Date provided that any such repurchase shall be conditioned upon receipt of documentation satisfactory to Lenders and Administrative Agent. In connection with any repurchase, the Borrower and Lenders (or the Administrative Agent on behalf of the Lenders) shall give written notice to the Trustee in accordance with Section 3.09 of the Indenture.

Mandatory Tender for Purchase. (A) The Put Bonds are subject to mandatory tender for purchase on each Tender Date at the Purchase Price upon receipt by the Trustee from the Letter of Credit Bank of, (i) notice of a Tender Event, directing the Trustee to purchase all Put Bonds in accordance with this Section 305(A) and establishing the Tender Date, which shall not be earlier than four (4) Business Days and not later than thirteen (13) days after the Trustee receives such notice and the items mentioned in clauses (ii), (iii) and (iv) below; (ii) a certified copy of a ruling issued by the Treasury Department of the commonwealth containing rulings substantially to the effect set forth in Exhibit E' (iii) an opinion of Bond Counsel as to the validity of the aforesaid rulings as of the date of the Letter of Credit Bank notice mentioned in clause (i) above and (iv) an executed copy of the Pledge Agreement. (B) The Trustee, no later than the Business Day after receiving the proceeds of the claim filed pursuant to Section 1403(C), shall give, by had delivery or overnight mail courier service, to each Holder on the close of business on the Tender Record Date notice that: (i) a Tender Event has occurred, (ii) all such Holders are required to tender their Bonds for purchase at the Purchase Price on the Tender Date, (iii) all Bonds not so tendered will be deemed to have been tendered and purchased on the Tender Date, and (iv) on and after the Tender Date interest on such Bonds shall cease to accrue and said Bonds shall cease to be entitled to any benefits or security under this Trust Agreement or to be deemed Outstanding and their Holders shall have no rights in respect thereof except to receive payment of the Purchase Price. Any notice given as provided in this Section shall be conclusively presumed to have been given whether or not the Holder receives the notice. (C) All Put Bonds whether or not tendered to the Trustee as provided in subsection (B) below shall be deemed to have been tendered for purchase and purchased on each Tender Date in accordance with the terms of this Trust Agreement. (D) The Purchase Price of the Put Bonds will be paid by the Trustee to the Bondholders on the Tender Date and on any Business Day

Mandatory Tender for Purchase. Upon Expiration of any Support Facility or Upon Delivery of an Alternate Support Facility. 1. Except as otherwise set forth in the last sentence of this subsection 1, on the second Business Day next preceding the date of expiration of any Support Facility, the Bonds shall be subject to mandatory purchase at the Purchase Price, unless on or prior to the 35th day prior to such date of expiration the Company on behalf of the Authority has furnished to the Trustee an extension of such Support Facility. The Bonds shall also be subject to mandatory purchase at the Purchase Price, on the date there is delivered an Alternate Support Facility meeting the requirements of Section 6.02. No tender for purchase of any Bonds shall be required pursuant to this Section 5.08 during an Auction Rate Period or a Fixed Rate Period. 2. Notice of the mandatory tender for purchase pursuant to this Section 5.08 shall be given on or prior to the 30th day before the expiration date of the expiring Support Facility or on or prior to the 30th day before the delivery of any Alternate Support Facility, as the case may be, by the Trustee in the name of the Authority (with copies thereof given to the Authority, the Remarketing Agent, the issuer of a Support Facility, the Company and the Registrar and Paying Agent) by first-class mail to the Holders of the Bonds subject to mandatory tender for purchase at their addresses shown on the books of registry. Such notice shall be in substantially the form attached hereto as, or contain substantially the information contained in, Exhibit F hereto. 3. Bonds held by or for the account of the Company or the issuer of a Liquidity Facility are not subject to mandatory tender for purchase pursuant to this Section 5.08.

Mandatory Tender for Purchase. (i) The Borrower shall fail to pay the Purchase Price of any Bonds to the Administrative Agent on the Initial Bank Tender Date, or (ii) the Borrower shall fail to pay the Purchase Price of any Bonds to the Administrative Agent on any other Bank Tender Date.

Mandatory Tender for Purchase. The Bonds are subject to mandatory tender for purchase at the Purchase Price, as described below, as follows: Mandatory Tender at the End of Each Term Rate Period. Bonds accruing interest at a Term Rate will be subject to mandatory tender for purchase on the day after the last day of each Term Rate Period applicable to such Bond. Mandatory Tender upon a Conversion between Rate Periods for the Bonds. Bonds to be converted from one Rate Period to a different interest Rate Period, are subject to mandatory tender for purchase on the date of conversion. Bonds accruing interest at a Term Rate for a period of ten years or more shall be subject to optional redemption, in whole or in part, and if in part, at the lowest authorized denomination or any whole multiple thereof, at the written direction of the Corporation, at any time on and after the tenth anniversary of the commencement of such Term Rate Period at an optional redemption price equal to 100% of the principal amount thereof, together with accrued interest to the redemption date. Each Bond accruing interest at a Term Rate for a period of less than ten years is not subject to optional redemption.