Method of Purchasing. 4 SECTION 2.03.
Method of Purchasing. Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in one or more whole shares) for purchase at the Purchase Price on the Purchase Date designated in the Notice of Tender (or if such day is not a Business Day, on the next succeeding Business Day) by an effective delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender will be irrevocable (except as described below) and effective upon receipt by the Tender and Paying Agent and shall:
Method of Purchasing. (a) Pursuant to the Authorizing Document and Section 2.02(b) herein, the Trustee will give notice to the Corporation if Variable Rate Bonds bearing interest at a Variable Rate are to be purchased by the Corporation in accordance with the terms of this Agreement and the Authorizing Document.
Method of Purchasing. (a) Pursuant to the Authorizing -------------------- Document, the Tender Agent will give notice to the Corporation as provided in subsection (b) below if Bonds bearing interest at a Variable Rate (and not defeased) are to be purchased by the Corporation due to the inability of the Remarketing Agent to remarket such Bonds.
(b) If by 11:30 a.m. (New York City time) on any Business Day during the Purchase Period the Corporation receives a notice of purchase from the Tender Agent substantially in the form of Exhibit B hereto, (any such notice to be referred to as a "Notice of Purchase"), the Corporation will pay, unless it determines that any applicable condition specified in Section 3.02 below is not satisfied, not later than 2:30 p.m. (New York City time) on the Purchase Date to the Tender Agent, in funds to be available as specified in such Notice of Purchase, an amount equal to the aggregate Purchase Price.
(c) The Corporation shall not have any responsibility for, or incur any liability in respect of, any act, or any failure to act, by the Tender Agent which results in the failure of the Tender Agent (x) to credit the appropriate account with funds made available by the Corporation pursuant to this Section or (y) to effect the purchase for the account of the Corporation of Bonds with such funds pursuant to this Section.
Method of Purchasing. (a) The GSEs shall not have any responsibility for, or incur any liability in respect of, any act, or any failure to act, by the Trustee which results in the failure of the Trustee to effect the purchase of Bonds for the account of the GSEs with such funds provided pursuant to the Credit and Liquidity Facility. Unless the Bonds are Book Entry Bonds, Bonds purchased pursuant to this Section 3.3(a) shall be registered in the name of the Custodian or, if directed in writing by GSEs, a nominee or designee on the Bond Register and shall be promptly delivered by the Tender Agent to the Custodian to be held as Bank Bonds or as the GSEs may otherwise direct in writing and, prior to such delivery, shall be held by the Tender Agent as agent on behalf of the GSEs. If the Bonds purchased pursuant to this Section 3.3(a) are Book Entry Bonds, the beneficial ownership of such Bonds shall be credited to the account of the Custodian or, if directed in writing by the GSEs, another nominee or designee of the GSEs, maintained at DTC, and prior to the sale of any Bank Bond as provided in Section 3.5(a) hereof. The Interest Component of the Purchase Price paid for such Bonds shall accrue interest at the Bank Rate and shall be paid to the GSEs (or the applicable Bank Bondholder) on the next Interest Payment Date.
(b) In the event that any funds paid by the GSEs to the Trustee pursuant to the Credit and Liquidity Facility for the purposes set forth in Section 3.3(a) hereof shall not be required to be applied to the purchase of Bonds as provided herein, such funds shall be held and be returned to the GSEs as soon as practicable by the Trustee and until so returned shall be held in trust by the Trustee for the account of the GSEs. In the event that such funds are not returned to the GSEs in immediately available funds as provided in Section 3.10(a) hereof by 4:30 p.m. (Washington, D.C. time) on the same day on which such funds were advanced, the Issuer shall pay or cause to be paid to the GSEs interest on such funds, payable on demand and in any event on the date on which such funds are returned, at the rate specified in Section 2.5.
Method of Purchasing. (a) Pursuant to Section -------------------- of the Authorizing Document, the Trustee will give notice to the Corporation, the Issuer and the Tender Agent of the principal amount of Variable Rate Bonds for which it has arranged a remarketing. Pursuant to the Authorizing Document and Section 2.02(b) herein below, the Tender Agent will give notice to the Corporation if Variable Rate Bonds bearing interest at a Variable Rate are to be purchased by the Corporation due to the unavailability of remarketing proceeds for such purchase.
(b) If by 11:30 p.m. (New York City time) on any Business Day during the Purchase Period the Corporation receives a notice of purchase from the Tender Agent substantially in the form of Exhibit 1 hereto (any such notice to be referred to as a "Notice of Purchase"), the Corporation will pay, unless it determines that any applicable condition specified in Section 3.02 below is not satisfied, not later than 2:30 p.m. (New York City time) on the Purchase Date to the Tender Agent, in funds to be available as specified in such Notice of Purchase, an amount equal to the aggregate Purchase Price.
(c) The Corporation shall not have any responsibility for, or incur any liability in respect of, any act, or any failure to act, by the Tender Agent which results in the failure of the Tender Agent (x) to credit the appropriate account with funds made available by the Corporation pursuant to this Section or (y) to effect the purchase for the account of the Corporation of Variable Rate Bonds with such funds pursuant to this Section.
Method of Purchasing. {TC} (a) Pursuant to the Authorizing Document and Section 2.02(b) herein, the Trustee will give notice to the Corporation if Variable Rate Bonds bearing interest at a Variable Rate are to be purchased by the Corporation in accordance with the terms of this Agreement and the Authorizing Document.
Method of Purchasing. Holding and Selling Stock of the Company. ----------------------------------------------------------------- The Trustees may purchase Stock from the Company or from any stockholder of the Company, in either case at a price not in excess of the fair market value of such Stock at the time of purchase. The fair market value of any shares of Stock shall be subject to final determination by the Trustees; and shall for all purposes of the Plan be based upon the value of such Stock as determined by an independent appraiser (within the meaning of Section 401(a)(28) of the Code) as of an Allocation Date. The Trustees may keep the Stock and any other securities or other property of the Trust in the name of some other person, firm or corporation or in their own names without disclosing their fiduciary capacity. The Trustees may purchase or sell at public auction or by private contract, redeem, or otherwise realize upon such Stock, securities, or other property and for such purposes may execute such instruments and writings and do such things as they shall deem proper.
Method of Purchasing. 10 SECTION 2.03. Termination or Reduction of Available Commitment. 11 SECTION 2.04. Sale by the Bank of Certificates................. 12 SECTION 2.05.
Method of Purchasing. 5 SECTION 2.03. Termination and Reduction of Available Commitment . . . . . . . . . . . . . . . . 5 SECTION 2.04. Sale of Class A Trust Certificates by The Bank. . . . . . . . . . . . . . . . . . . . . 6 SECTION 2.05. Facility Fee . . . . . . . . . . . . . . . . . . . . 6 SECTION 2.06. General Provisions as to Payments. . . . . . . . . . 6
