Common use of Mandatory Tender Clause in Contracts

Mandatory Tender. Provided that the MAPS Agent gives notice to the Company and the Trustee on a Business Day not later than ten (10) days prior to the MAPS Remarketing Date of its intention to purchase this Note for remarketing (the "Notification Date"), this Note shall be automatically tendered, or deemed tendered, to the MAPS Agent for purchase on the MAPS Remarketing Date, except in the circumstances described in "Redemption" below, for 100% of the principal amount hereof. Upon tender, the MAPS Agent may remarket this Note for its own account at varying prices to be determined by the MAPS Agent at the time of such sale. From, and including, the MAPS Remarketing Date to, but excluding, the next succeeding Interest Rate Adjustment Date, this Note shall bear interest at the MAPS Interest Rate. If the MAPS Agent elects to remarket this Note, the obligation of the MAPS Agent to purchase this Note on the MAPS Remarketing Date is subject to, among other things, the conditions that, since the Notification Date, no material adverse change in the condition of the Company and its subsidiaries, considered as one enterprise, shall have occurred and that no Event of Default (as defined in the Indenture), or any event which, with the giving of notice or passage of time, or both, would constitute an Event of Default, with respect to this Note shall have occurred and be continuing.

Mandatory Tender. Provided that the MAPS SPURS Agent gives notice to the Company and the Trustee on a Business Day not later than ten (10) days prior to the MAPS SPURS Remarketing Date of its intention to purchase this Note for remarketing (the "Notification Date"), this Note shall be automatically tendered, or deemed tendered, to the MAPS SPURS Agent for purchase on the MAPS SPURS Remarketing Date, except in the circumstances described in "Redemption" below, for 100% of the principal amount hereof. Upon tender, the MAPS SPURS Agent may remarket this Note for its own account at varying prices to be determined by the MAPS SPURS Agent at the time of such sale. From, and including, the MAPS SPURS Remarketing Date to, but excluding, the next succeeding Interest Rate Adjustment Date, this Note shall bear interest at the MAPS SPURS Interest Rate. If the MAPS SPURS Agent elects to remarket this Note, the obligation of the MAPS SPURS Agent to purchase this Note on the MAPS SPURS Remarketing Date is subject to, among other things, the conditions that, since the Notification Date, no material adverse change in the condition of the Company and its subsidiaries, considered as one enterprise, shall have occurred and that no Event of Default (as defined in the Indenture), or any event which, with the giving of notice or passage of time, or both, would constitute an Event of Default, with respect to this Note shall have occurred and be continuing.

Mandatory Tender. Provided that the MAPS SPURS Agent gives notice to the Company and the Trustee on a Business Day not later than ten (10) days prior to the MAPS SPURS Remarketing Date of its intention to purchase this Note for remarketing (the "Notification Date"), this Note shall be automatically tendered, or deemed tendered, to the MAPS SPURS Agent for purchase on the MAPS SPURS Remarketing Date, except in the circumstances described in "Redemption" below, for 100% of the principal amount hereof. Upon tender, the MAPS SPURS Agent may remarket this Note for its own account at varying prices to be determined by the MAPS SPURS Agent at the time of such sale. From, and including, the MAPS SPURS Remarketing Date to, but excluding, the next succeeding Interest Rate Adjustment Date, this Note shall bear interest at the MAPS SPURS Interest Rate. If the MAPS Agent elects XXXXX Xxxxx xxxcts to remarket this Note, the obligation of the MAPS SPURS Agent to purchase this Note on the MAPS SPURS Remarketing Date is subject to, among other things, the conditions that, since the Notification Date, no material adverse change in the condition of the Company and its subsidiaries, considered as one enterprise, shall have occurred and that no Event of Default (as defined in the Indenture), or any event which, with the giving of notice or passage of time, or both, would constitute an Event of Default, with respect to this Note shall have occurred and be continuing.