Method of Purchasing. (a) Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in one or more 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. 4 SECTION 2.03.
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.
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.
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. Pursuant to Section 9.18 of the Indenture, the Paying Agent will give notice to the Bank as follows if Bonds are to be purchased by the Bank. If by 12:30 p.m. (New York City time) (1:00 p.m. if the Bonds are in the Daily Mode or Flexible Mode) on any Business Day during the applicable Bank Purchase Period, the Bank receives written Notice of Bank Purchase from the Paying Agent, the Bank will, so long as the Bank Purchase Period shall not have expired, transfer not later than 3:00 p.m. (New York City time) on the Bank Purchase Date to the Paying Agent, in funds to be available as specified in such Notice of Bank Purchase, an amount equal to the aggregate Purchase Price of such Bonds. The Bank shall not have any responsibility for, or incur any liability in respect of, any act, or any failure to act, by the Paying Agent which results in the failure of the Paying Agent (a) to credit the appropriate account with funds made available by the Bank pursuant to this Section or (b) to effect the purchase for the account of the Bank of Bonds with such funds pursuant to this Section. The Bank shall use its own funds to purchase Bonds. The Bonds purchased with amounts made available hereunder shall be registered in the name of the Bank and shall be held as Bank Bonds in trust by the Paying Agent for the benefit of the Bank as provided in the Indenture, but upon the written request of the Bank shall be promptly delivered by the Paying Agent to the Bank. Amounts made available hereunder which are not so used to purchase Bonds will be returned to the Bank no later than 4:30 p.m. (New York City time).
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.
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. 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
