{"component": "clause", "props": {"groups": [{"snippet": "(a) Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in denominations equal to the Liquidation Preference) 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 a proper 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:\n(i) be delivered by a Beneficial Owner, directly or through its Agent Member, by email transmission (or if email transmission shall be unavailable, by facsimile transmission), to the Tender and Paying Agent not later than 2:00 p.m., New York City time, on any Business Day;\n(ii) state the series and the aggregate number of VRDP Shares to be purchased, the CUSIP number of the VRDP Shares to be purchased and the Purchase Date and be in substantially the form of and contain such other information specified in Exhibit C to this Agreement; and\n(iii) state that the tendering Beneficial Owner acknowledges that such Beneficial Owner is required to deliver the VRDP Shares that are the subject of a Notice of Tender (that has not been duly revoked as described below) on or before 2:00 p.m., New York City time, on the Purchase Date.\n(b) Upon receipt of a Notice of Tender, the Tender and Paying Agent shall provide a copy of such notice to the Liquidity Provider and the Remarketing Agent (with a copy to the Fund) as promptly as practicable by Electronic Means, but no later than 4:00 p.m., New York City time, on the date of receipt or deemed receipt. Any Notice of Tender that is delivered to the Tender and Paying Agent by a Beneficial Owner or its Agent Member after 2:00 p.m., New York City time, shall be deemed to have been received by the Tender and Paying Agent on the next succeeding Business Day, and the Purchase Date shall be adjusted such that the Purchase Date shall be the Business Day next succeeding the date specified as the Purchase Date in the Notice of Tender. The Tender and Paying Agent\u2019s determination as to whether a Notice of Tender has been properly delivered shall be conclusive and binding on a Beneficial Owner and its Agent Member.\n(c) VRDP Shares are subject to Mandatory Tender upon the occurrence of a Mandatory Tender Event. So long as the VRDP Shares are in book-entry form and held through the Securities Depository, any Mandatory Tender will be effected automatically through the book-entry system of the Securities Depository, without any action required on the part of the Holders or Beneficial Owners.\n(i) Promptly following the occurrence of a Mandatory Tender Event, and in any event within three (3) Business Days thereafter, the Fund, or the Tender and Paying Agent at the direction of the Fund (provided, that the Tender and Paying Agent may require up to two (2) Business Days prior notification by Electronic Means by the Fund), shall provide a Mandatory Tender Notice by Electronic Means to the Holders, the Remarketing Agent and the Liquidity Provider, specifying a Purchase Date for all Outstanding VRDP Shares. Any notice given in respect of a Mandatory Tender under the Statement shall be conclusively presumed to have been duly given, whether or not the Holders receive such notice.\n(ii) Upon the occurrence of a Mandatory Tender Event, all Outstanding VRDP Shares automatically shall be subject to Mandatory Tender and delivered to the Tender and Paying Agent for purchase on the designated Purchase Date by purchasers in the Remarketing in the event of a successful Remarketing or otherwise by the Liquidity Provider, including any VRDP Shares previously tendered pursuant to an Optional Tender for which the Purchase Date has not yet occurred. In the event that VRDP Shares are issued in certificated form outside the book-entry system of the Securities Depository and a Holder of VRDP Shares fails to deliver such VRDP Shares to which a Mandatory Tender relates on or prior to the Purchase Date, the Holder of such VRDP Shares shall not be entitled to any payment (including any accumulated but unpaid dividends thereon, whether or not earned or declared) other than the Purchase Price of such undelivered VRDP Shares as of the scheduled Purchase Date. Any such undelivered VRDP Shares shall be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent shall place stop-transfer orders against the undelivered VRDP Shares. Any moneys held by the Tender and Paying Agent for the purchase of undelivered VRDP Shares shall be held in a separate account by the Tender and Paying Agent, shall not be invested, and shall be held for the exclusive benefit of the Holder of such undelivered VRDP Shares. The undelivered VRDP Shares shall be deemed to be no longer Outstanding (except as to entitlement to payment of the Purchase Price), and the Fund shall issue to the purchaser replacement VRDP Shares certificates in lieu of such undelivered VRDP Shares.\n(d) A Beneficial Owner or its Agent Member that delivered a Notice of Tender in connection with an Optional Tender may deliver in writing by email transmission (or if email transmission shall be unavailable, by facsimile transmission) to the Tender and Paying Agent, not later than 10:00 a.m., New York City time, on or prior to the Business Day immediately preceding the Purchase Date, a Notice of Revocation, a form of which is attached hereto as Exhibit D, to the effect that such Beneficial Owner wishes to revoke its election to tender some or all of the VRDP Shares that were specified in such Notice of Tender to be purchased. Any Notice of Revocation delivered to the Tender and Paying Agent shall be promptly delivered by Electronic Means by the Tender and Paying Agent to the Liquidity Provider and the Remarketing Agent (with a copy to the Fund) by 12:00 noon, New York City time, on the Business Day immediately preceding the relevant Purchase Date. The Remarketing Agent (following receipt of such Notice of Revocation) shall notify the Tender and Paying Agent and the Liquidity Provider of the number of VRDP Shares specified in such Notice of Revocation that are subject to an agreement of sale pursuant to a Remarketing by Electronic Means not later than 2:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date. The Tender and Paying Agent shall contact the Remarketing Agent by Electronic Means by 1:45 p.m., New York City time, if such notification has not been received by such time. The Tender and Paying Agent shall deliver such notification to the Beneficial Owner or its Agent Member promptly following receipt from the Remarketing Agent, and in any event by 4:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date. Any such Notice of Revocation shall be effective (without further action on the part of the Beneficial Owner or its Agent Member) as a revocation of the Optional Tender of the number of VRDP Shares specified therein as being sought to be revoked, but (except as set forth below) only if and to the extent that the Remarketing Agent has not entered into an agreement to sell such VRDP Shares. A Notice of Revocation shall be effective as to the number of VRDP Shares specified therein as having been revoked less the number of such VRDP Shares in respect of which the Remarketing Agent has so notified the Tender and Paying Agent and the Liquidity Provider that it has entered into an agreement of sale. Notwithstanding the foregoing, tendered VRDP Shares, if any, that remain unsold on the related Purchase Date shall be allocated by the Remarketing Agent to each Notice of Revocation received in respect of VRDP Shares tendered for purchase on such Purchase Date and not already satisfied in the chronological order in which each such Notice of Revocation was received by the Tender and Paying Agent, and each such Notice of Revocation shall be effective only to the extent of such allocation and availability of unsold VRDP Shares.\n(e) In connection with any Special Rate Period designated pursuant to the Statement, the Board, without the vote or consent of any Holder of VRDP Shares but with prior written consent of the Liquidity Provider, in the Notice of Special Rate Period relating to the VRDP Shares, as delivered to the Remarketing Agent and the Liquidity Provider, may provide for optional tender provisions relating solely to such Special Rate Period (\u201cSpecial Optional Tender Provisions\u201d) whereby the minimum number of days\u2019 notice required for an Optional Tender may exceed seven (7) days as specified in the Special Optional Tender Provisions for such Special Rate Period.\n(f) Pursuant to the Statement, the Fund has agreed in the Fee Agreement to use its best efforts to engage at all times a Remarketing Agent that is a nationally recognized securities dealer with experience in remarketing variable-rate securities whose appointment has been consented to in writing by the Liquidity Provider (which consent shall not be unreasonably withheld) to use its best efforts to find purchasers for all VRDP Shares properly tendered pursuant to a Tender.\n(g) In connection with any attempted Remarketing, all tendered VRDP Shares shall be remarketed at the Purchase Price of such VRDP Shares. The calculation of the Purchase Price of the VRDP Shares that are remarketed or purchased by the Liquidity Provider shall be made by the Remarketing Agent in advance of such Remarketing or purchase and, together with the details of the aggregate number and Purchase Price of remarketed VRDP Shares and the aggregate number and Purchase Price of VRDP Shares to be purchased by the Liquidity Provider pursuant to the Purchase Obligation, shall be communicated by the Remarketing Agent to the Fund, the Liquidity Provider and the Tender and Paying Agent by Electronic Means by 2:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date, as described below. The proceeds of any sale of any remarketed VRDP Shares by the Remarketing Agent relating to tendered VRDP Shares will be used by the Tender and Paying Agent for the purchase of the tendered VRDP Shares at the Purchase Price, and the terms of the sale will provide for the wire transfer of such Purchase Price by the Remarketing Agent to be received by the Tender and Paying Agent no later than 11:00 a.m., New York City time, on the related Purchase Date for payment to the Agent Member of the Beneficial Owner, in the case of an Optional Tender, or Holder, in the case of a Mandatory Tender, tendering VRDP Shares for sale through the Securities Depository in immediately available funds against delivery of the tendered VRDP Shares to the Tender and Paying Agent through the Securities Depository, the delivery of such VRDP Shares to the Tender and Paying Agent through the Securities Depository no later than 2:00 p.m., New York City time, on the related Purchase Date, and the re-delivery of such VRDP Shares by means of \u201cFREE\u201d delivery through the Securities Depository to the Remarketing Agent for delivery to the purchaser\u2019s Agent Member through the Securities Depository by 3:00 p.m., New York City time, on the related Purchase Date.\n(h) By 2:00 p.m., New York City time, on the Business Day immediately preceding each Purchase Date, the Remarketing Agent shall deliver a notice to the Tender and Paying Agent and the Liquidity Provider (a \u201cRemarketing Notice\u201d), by Electronic Means, that sets forth the number of VRDP Shares, if any, that it successfully remarketed for purchase on such Purchase Date and the aggregate Purchase Price of such sold VRDP Shares and the number of VRDP Shares, if any, not successfully remarketed for purchase on such Purchase Date and the aggregate Purchase Price of such unsold VRDP Shares to be paid by the Liquidity Provider. If the Remarketing Notice states that the Remarketing Agent has not successfully remarketed all of the VRDP Shares to be purchased on such Purchase Date, the Tender and Paying Agent shall promptly, and in any event not later than 4:00 p.m., New York City time, on such Business Day, deliver by Electronic Means to the Liquidity Provider (with a copy to the Fund) a Preliminary Notice of Purchase that, subject to delivery of the Final Notice of Purchase on the Purchase Date described below, provides for the purchase by the Liquidity Provider of the number of such VRDP Shares that the Remarketing Agent stated in the Remarketing Notice as not having been successfully remarketed, including the aggregate Purchase Price of such VRDP Shares, as calculated by the Remarketing Agent. If the Remarketing Notice states that the Remarketing Agent has not successfully remarketed all of the VRDP Shares to be purchased on such Purchase Date (or if proceeds from a Remarketing of any tendered VRDP Shares have not been received for any reason by the Tender and Paying Agent by 11:00 a.m., New York City time, on the Purchase Date), the Tender and Paying Agent shall deliver by Electronic Means to the Liquidity Provider (with a copy to the Fund) by 12:00 noon, New York City time, on such Purchase Date a Final Notice of Purchase that states the number of VRDP Shares required to be purchased by the Liquidity Provider. For purposes of the Final Notice of Purchase, any tendered VRDP Shares for which proceeds from a Remarketing have not been received for any reason by the Tender and Paying Agent by 11:00 a.m., New York City time, on the Purchase Date (other than VRDP Shares owned by the Remarketing Agent or Liquidity Provider and tendered for Remarketing), shall be treated as not having been successfully remarketed and shall be required to be purchased by the Liquidity Provider. Except for manifest error, the payment obligation of the Liquidity Provider shall equal the Purchase Price of the VRDP Shares stated in the Final Notice of Purchase delivered to the Liquidity Provider, as being required to be purchased by the Liquidity Provider.\n(i) The Liquidity Provider shall, no later than 2:00 p.m., New York City time, on a Purchase Date for any VRDP Shares, wire transfer the aggregate Purchase Price of all VRDP Shares in respect of which Final Notices of Purchase have been delivered to it for purchase on such date, as follows: (i) in the case of a Final Notice of Purchase delivered by the Tender and Paying Agent, by wire transfer, in immediately available funds, to the account of the Tender and Paying Agent specified by the Tender and Paying Agent in any such Final Notice of Purchase and (ii) in the case of a Final Notice of Purchase delivered by a Beneficial Owner or its Agent Member, in the case of an Optional Tender, or by a Holder, in the case of a Mandatory Tender, in the event there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations under this Agreement and the Liquidity Provider has received a Remarketing Notice that such VRDP Shares have not been the subject of an agreement of sale in a Remarketing and has received written notice from the Fund that there is no Tender and Paying Agent or that the Tender and Paying Agent does not intend to perform its obligations hereunder, by payment against delivery of the VRDP Shares that are the subject of any such Final Notice of Purchase, in each case above, through means of the Securities Depository in the case of Global VRDP Shares. The Fund is required pursuant to the Statement, in the event there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations under this Agreement, to (i) upon becoming aware thereof, promptly notify the Liquidity Provider, the Remarketing Agent and Holders by Electronic Means of such event and (ii) so long as such event is continuing, use its best efforts to direct the Remarketing Agent to forward, concurrently with the delivery thereof to the Liquidity Provider or as promptly as practicable thereafter, any Remarketing Notice to each Beneficial Owner or Holder tendering VRDP Shares that are the subject of such notice(s).\n(j) Upon receipt by the Tender and Paying Agent from the Beneficial Owner or its Agent Member, in the case of an Optional Tender, or from the Holder, in the case of a Mandatory Tender, of tendered VRDP Sha", "samples": [{"hash": "iU5pqPgXIjt", "uri": "/contracts/iU5pqPgXIjt#method-of-purchasing", "label": "Purchase 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"conclusive-and-binding", "type": "clause", "offset": [2225, 2247]}, {"key": "subject-to", "type": "definition", "offset": [2312, 2322]}, {"key": "mandatory-tender-event", "type": "definition", "offset": [2365, 2387]}, {"key": "entry-form", "type": "definition", "offset": [2428, 2438]}, {"key": "securities-depository", "type": "clause", "offset": [2460, 2481]}, {"key": "the-book", "type": "clause", "offset": [2543, 2551]}, {"key": "entry-system", "type": "clause", "offset": [2552, 2564]}, {"key": "action-required", "type": "definition", "offset": [2607, 2622]}, {"key": "the-holders", "type": "clause", "offset": [2638, 2649]}, {"key": "following-the", "type": "definition", "offset": [2685, 2698]}, {"key": "business-days-thereafter", "type": "clause", "offset": [2773, 2797]}, {"key": "prior-notification", "type": "definition", "offset": [2953, 2971]}, {"key": "by-the-fund", "type": "clause", "offset": [2992, 3003]}, {"key": "notice-by-electronic-means", "type": "clause", "offset": [3039, 3065]}, {"key": "a-purchase", "type": "definition", "offset": [3143, 3153]}, {"key": "notice-given", "type": "clause", "offset": [3196, 3208]}, {"key": "in-respect-of", "type": "clause", "offset": [3209, 3222]}, {"key": "the-statement", "type": "clause", "offset": [3248, 3261]}, {"key": "the-designated", "type": "definition", "offset": [3560, 3574]}, {"key": "by-purchasers", "type": "clause", "offset": [3589, 3602]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [3622, 3639]}, {"key": "successful-remarketing", "type": "definition", "offset": [3640, 3662]}, {"key": "issued-in", "type": "definition", "offset": [3864, 3873]}, {"key": "certificated-form", "type": "clause", "offset": [3874, 3891]}, {"key": "a-holder", "type": "definition", "offset": [3955, 3963]}, {"key": "fails-to-deliver", "type": "clause", "offset": [3979, 3995]}, {"key": "prior-to-the", "type": "clause", "offset": [4055, 4067]}, {"key": "unpaid-dividends", "type": "definition", "offset": [4182, 4198]}, {"key": "scheduled-purchase-date", "type": "definition", "offset": [4315, 4338]}, {"key": "transfer-orders", "type": "clause", "offset": [4486, 4501]}, {"key": "moneys-held", "type": "clause", "offset": [4543, 4554]}, {"key": "separate-account", "type": "definition", "offset": [4649, 4665]}, {"key": "exclusive-benefit", "type": "clause", "offset": [4747, 4764]}, {"key": "payment-of-the-purchase-price", "type": "clause", "offset": [4913, 4942]}, {"key": "issue-to", "type": "definition", "offset": [4964, 4972]}, {"key": "the-purchaser", "type": "definition", "offset": [4973, 4986]}, {"key": "shares-certificates", "type": "clause", "offset": [5004, 5023]}, {"key": "in-lieu-of", "type": "clause", "offset": [5024, 5034]}, {"key": "in-connection-with", "type": "clause", "offset": [5142, 5160]}, {"key": "in-writing", "type": "clause", "offset": [5192, 5202]}, {"key": "notice-of-revocation", "type": "definition", "offset": [5454, 5474]}, {"key": "exhibit-d", "type": "definition", "offset": 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"offset": [10314, 10326]}, {"key": "transfer-of", "type": "definition", "offset": [10340, 10351]}, {"key": "payment-to-the-agent", "type": "clause", "offset": [10522, 10542]}, {"key": "member-of-the", "type": "clause", "offset": [10543, 10556]}, {"key": "in-the-case-of-an", "type": "clause", "offset": [10575, 10592]}, {"key": "shares-for-sale", "type": "definition", "offset": [10671, 10686]}, {"key": "immediately-available-funds", "type": "clause", "offset": [10724, 10751]}, {"key": "delivery-of-the", "type": "clause", "offset": [10760, 10775]}, {"key": "the-delivery", "type": "clause", "offset": [10863, 10875]}, {"key": "delivery-to-the", "type": "clause", "offset": [11167, 11182]}, {"key": "each-purchase", "type": "clause", "offset": [11386, 11399]}, {"key": "remarketing-notice", "type": "definition", "offset": [11513, 11531]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [11678, 11706]}, {"key": "deliver-by", "type": "definition", "offset": [12215, 12225]}, {"key": "preliminary-notice-of-purchase", "type": "definition", "offset": [12297, 12327]}, {"key": "final-notice-of-purchase", "type": "definition", "offset": [12361, 12385]}, {"key": "for-any-reason", "type": "clause", "offset": [12953, 12967]}, {"key": "for-purposes-of-the", "type": "clause", "offset": [13345, 13364]}, {"key": "owned-by", "type": "definition", "offset": [13603, 13611]}, {"key": "manifest-error", "type": "definition", "offset": [13823, 13837]}, {"key": "obligation-of-the", "type": "clause", "offset": [13851, 13868]}, {"key": "final-notices", "type": "clause", "offset": [14276, 14289]}, {"key": "by-wire-transfer", "type": "clause", "offset": [14455, 14471]}, {"key": "the-account", "type": "clause", "offset": [14508, 14519]}, {"key": "no-tender", "type": "clause", "offset": [14841, 14850]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [14935, 14967]}, {"key": "written-notice", "type": "definition", "offset": [15135, 15149]}, {"key": "each-case", "type": "definition", "offset": [15404, 15413]}, {"key": "global-vrdp-shares", "type": "definition", "offset": [15479, 15497]}, {"key": "promptly-notify", "type": "clause", "offset": [15733, 15748]}, {"key": "owner-or-holder", "type": "definition", "offset": [16101, 16116]}], "size": 23, "hash": "4bcafee6cbc977a8c379f38852af863b", "id": 1}, {"snippet": "4 SECTION 2.03.", "samples": [{"hash": "ejkklCqAPFA", "uri": "/contracts/ejkklCqAPFA#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}, {"hash": "8lmxyx2e4RO", "uri": "/contracts/8lmxyx2e4RO#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}, {"hash": "8O9aUADbGCT", "uri": "/contracts/8O9aUADbGCT#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}], "snippet_links": [], "size": 7, "hash": "db71a9a04aa96e8a7f8b1a534c673f6e", "id": 2}, {"snippet": "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:", "samples": [{"hash": "6RTUzlAh203", "uri": "/contracts/6RTUzlAh203#method-of-purchasing", "label": "Administrative Services Agreement (Blackrock Municipal Income Investment Trust)", "score": 27.3709787817, "published": true}, {"hash": "cjzGyq8hwd4", "uri": "/contracts/cjzGyq8hwd4#method-of-purchasing", "label": "Administrative Services Agreement (Blackrock Municipal Income Investment Trust)", "score": 26.9603011636, "published": true}], "snippet_links": [{"key": "pursuant-to", "type": "definition", "offset": [0, 11]}, {"key": "optional-tender", "type": "definition", "offset": [15, 30]}, {"key": "beneficial-owners", "type": "definition", "offset": [32, 49]}, {"key": "vrdp-shares", "type": "definition", "offset": [76, 87]}, {"key": "whole-shares", "type": "clause", "offset": [104, 116]}, {"key": "the-purchase-price", "type": "clause", "offset": [134, 152]}, {"key": "purchase-date", "type": "clause", "offset": [160, 173]}, {"key": "notice-of-tender", "type": "definition", "offset": [192, 208]}, {"key": "not-a-business-day", "type": "clause", "offset": [228, 246]}, {"key": "a-notice", "type": "definition", "offset": [313, 321]}, {"key": "tender-and-paying-agent", "type": "clause", "offset": [339, 362]}, {"key": "each-notice", "type": "definition", "offset": [364, 375]}, {"key": "receipt-by-the", "type": "clause", "offset": [453, 467]}], "size": 6, "hash": "fce60394bf37e38dd807ad0ba97ee794", "id": 3}, {"snippet": "(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.", "samples": [{"hash": "ejkklCqAPFA", "uri": "/contracts/ejkklCqAPFA#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}, {"hash": "8O9aUADbGCT", "uri": "/contracts/8O9aUADbGCT#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}, {"hash": "5TRzYSz7oRc", "uri": "/contracts/5TRzYSz7oRc#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "pursuant-to-the", "type": "clause", "offset": [4, 19]}, {"key": "authorizing-document", "type": "definition", "offset": [20, 40]}, {"key": "the-trustee", "type": "clause", "offset": [69, 80]}, {"key": "notice-to-the-corporation", "type": "clause", "offset": [91, 116]}, {"key": "variable-rate-bonds", "type": "definition", "offset": [120, 139]}, {"key": "by-the-corporation", "type": "clause", "offset": [196, 214]}, {"key": "in-accordance-with", "type": "definition", "offset": [215, 233]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [238, 261]}], "size": 4, "hash": "16d27665250d0fc4166bb8a669e50151", "id": 4}, {"snippet": "(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.\n(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.\n(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.", "samples": [{"hash": "8lmxyx2e4RO", "uri": "/contracts/8lmxyx2e4RO#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "pursuant-to-the", "type": "clause", "offset": [4, 19]}, {"key": "authorizing-document", "type": "definition", "offset": [20, 40]}, {"key": "the-tender-agent", "type": "clause", "offset": [42, 58]}, {"key": "notice-to-the-corporation", "type": "clause", "offset": [69, 94]}, {"key": "variable-rate", "type": "definition", "offset": [162, 175]}, {"key": "by-the-corporation", "type": "clause", "offset": [215, 233]}, {"key": "the-remarketing-agent", "type": "clause", "offset": [258, 279]}, {"key": "new-york-city-time", "type": "clause", "offset": [326, 344]}, {"key": "business-day", "type": "clause", "offset": [353, 365]}, {"key": "purchase-period", "type": "clause", "offset": [377, 392]}, {"key": "notice-of-purchase", "type": "definition", "offset": [420, 438]}, {"key": "form-of", "type": "definition", "offset": [482, 489]}, {"key": "exhibit-b", "type": "definition", "offset": [490, 499]}, {"key": "purchase-date", "type": "clause", "offset": [751, 764]}, {"key": "as-specified", "type": "clause", "offset": [811, 823]}, {"key": "equal-to", "type": "definition", "offset": [862, 870]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [871, 899]}, {"key": "responsibility-for", "type": "clause", "offset": [940, 958]}, {"key": "in-respect-of", "type": "clause", "offset": [983, 996]}, {"key": "failure-to-act", "type": "clause", "offset": [1014, 1028]}, {"key": "failure-of-the", "type": "clause", "offset": [1071, 1085]}, {"key": "account-with", "type": "definition", "offset": [1129, 1141]}, {"key": "available-by", "type": "definition", "offset": [1153, 1165]}, {"key": "the-account", "type": "clause", "offset": [1241, 1252]}, {"key": "of-the-corporation", "type": "clause", "offset": [1253, 1271]}], "size": 2, "hash": "65519ae6c947352eb783e6373338e90c", "id": 5}, {"snippet": "(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.\n(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.\n(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.", "samples": [{"hash": "kfu6XAUgnPW", "uri": "/contracts/kfu6XAUgnPW#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "pursuant-to-section", "type": "definition", "offset": [4, 23]}, {"key": "authorizing-document", "type": "definition", "offset": [52, 72]}, {"key": "the-trustee", "type": "clause", "offset": [74, 85]}, {"key": "notice-to-the-corporation", "type": "clause", "offset": [96, 121]}, {"key": "the-issuer", "type": "clause", "offset": [123, 133]}, {"key": "the-tender-agent", "type": "clause", "offset": [138, 154]}, {"key": "variable-rate-bonds", "type": "definition", "offset": [182, 201]}, {"key": "pursuant-to-the", "type": "clause", "offset": [243, 258]}, {"key": "by-the-corporation", "type": "clause", "offset": [446, 464]}, {"key": "remarketing-proceeds", "type": "definition", "offset": [494, 514]}, {"key": "new-york-city-time", "type": "clause", "offset": [556, 574]}, {"key": "business-day", "type": "clause", "offset": [583, 595]}, {"key": "purchase-period", "type": "clause", "offset": [607, 622]}, {"key": "notice-of-purchase", "type": "definition", "offset": [650, 668]}, {"key": "form-of", "type": "definition", "offset": [712, 719]}, {"key": "exhibit-1", "type": "definition", "offset": [720, 729]}, {"key": "purchase-date", "type": "clause", "offset": [980, 993]}, {"key": "as-specified", "type": "clause", "offset": [1040, 1052]}, {"key": "equal-to", "type": "definition", "offset": [1091, 1099]}, {"key": "the-aggregate-purchase-price", "type": "clause", "offset": [1100, 1128]}, {"key": "responsibility-for", "type": "clause", "offset": [1169, 1187]}, {"key": "in-respect-of", "type": "clause", "offset": [1212, 1225]}, {"key": "failure-to-act", "type": "clause", "offset": [1243, 1257]}, {"key": "failure-of-the", "type": "clause", "offset": [1300, 1314]}, {"key": "account-with", "type": "definition", "offset": [1358, 1370]}, {"key": "available-by", "type": "definition", "offset": [1382, 1394]}, {"key": "the-account", "type": "clause", "offset": [1470, 1481]}, {"key": "of-the-corporation", "type": "clause", "offset": [1482, 1500]}], "size": 2, "hash": "8deb89605a75930f74d694d14a50e4ca", "id": 6}, {"snippet": "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.", "samples": [{"hash": "1xknCMBWlXc", "uri": "/contracts/1xknCMBWlXc#method-of-purchasing", "label": "Employees' Stock Bonus Plan Trust Agreement (Aon Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "stock-of-the-company", "type": "clause", "offset": [20, 40]}, {"key": "purchase-stock", "type": "definition", "offset": [125, 139]}, {"key": "from-the-company", "type": "clause", "offset": [140, 156]}, {"key": "the-fair-market-value", "type": "clause", "offset": [240, 261]}, {"key": "time-of-purchase", "type": "clause", "offset": [283, 299]}, {"key": "stock-shall", "type": "definition", "offset": [340, 351]}, {"key": "subject-to", "type": "definition", "offset": [355, 365]}, {"key": "final-determination", "type": "clause", "offset": [366, 385]}, {"key": "by-the-trustees", "type": "clause", "offset": [386, 401]}, {"key": "purposes-of-the-plan", "type": "clause", "offset": [421, 441]}, {"key": "the-value", "type": "clause", "offset": [456, 465]}, {"key": "independent-appraiser", "type": "clause", "offset": [500, 521]}, {"key": "meaning-of", "type": "clause", "offset": [534, 544]}, {"key": "the-code", "type": "clause", "offset": [567, 575]}, {"key": "allocation-date", "type": "clause", "offset": [586, 601]}, {"key": "the-stock", "type": "clause", "offset": [625, 634]}, {"key": "property-of-the-trust", "type": "clause", "offset": [669, 690]}, {"key": "other-person", "type": "definition", "offset": [711, 723]}, {"key": "fiduciary-capacity", "type": "clause", "offset": [792, 810]}, {"key": "public-auction", "type": "clause", "offset": [849, 863]}, {"key": "private-contract", "type": "clause", "offset": [870, 886]}], "size": 1, "hash": "59c50cab07c5a5e46530e1d24f170a52", "id": 7}, {"snippet": "{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.", "samples": [{"hash": "4zXSJhSRkd1", "uri": "/contracts/4zXSJhSRkd1#method-of-purchasing", "label": "Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "pursuant-to-the", "type": "clause", "offset": [9, 24]}, {"key": "authorizing-document", "type": "definition", "offset": [25, 45]}, {"key": "the-trustee", "type": "clause", "offset": [74, 85]}, {"key": "notice-to-the-corporation", "type": "clause", "offset": [96, 121]}, {"key": "variable-rate-bonds", "type": "definition", "offset": [125, 144]}, {"key": "by-the-corporation", "type": "clause", "offset": [201, 219]}, {"key": "in-accordance-with", "type": "definition", "offset": [220, 238]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [243, 266]}], "size": 1, "hash": "e11c648deef4e96ba14dbbb8aa4c7a27", "id": 8}, {"snippet": "(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.\n(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.", "samples": [{"hash": "a5P6Q7Qhdv3", "uri": "/contracts/a5P6Q7Qhdv3#method-of-purchasing", "label": "Reimbursement Agreement (Federal Home Loan Mortgage Corp)", "score": 21.1478439425, "published": true}], "snippet_links": [{"key": "responsibility-for", "type": "clause", "offset": [32, 50]}, {"key": "in-respect-of", "type": "clause", "offset": [75, 88]}, {"key": "failure-to-act", "type": "clause", "offset": [106, 120]}, {"key": "by-the-trustee", "type": "clause", "offset": [122, 136]}, {"key": "failure-of-the", "type": "clause", "offset": [158, 172]}, {"key": "purchase-of-bonds", "type": "clause", "offset": [195, 212]}, {"key": "the-account", "type": "clause", "offset": [217, 228]}, {"key": "funds-provided", "type": "clause", "offset": [251, 265]}, {"key": "the-credit", "type": "clause", "offset": [278, 288]}, {"key": "liquidity-facility", "type": "definition", "offset": [293, 311]}, {"key": "the-bonds", "type": "clause", "offset": [320, 329]}, {"key": "entry-bonds", "type": "clause", "offset": [339, 350]}, {"key": "in-writing", "type": "clause", "offset": [465, 475]}, {"key": "a-nominee", "type": "definition", "offset": [485, 494]}, {"key": "bond-register", "type": "definition", "offset": [514, 527]}, {"key": "the-tender-agent", "type": "clause", "offset": [563, 579]}, {"key": "to-the-custodian", "type": "clause", "offset": [580, 596]}, {"key": "bank-bonds", "type": "definition", "offset": [611, 621]}, {"key": "agent-as-agent", "type": "clause", "offset": [726, 740]}, {"key": "on-behalf-of", "type": "clause", "offset": [741, 753]}, {"key": "ownership-of", "type": "clause", "offset": [856, 868]}, {"key": "sale-of", "type": "clause", "offset": [1047, 1054]}, {"key": "interest-component", "type": "definition", "offset": [1111, 1129]}, {"key": "purchase-price-paid", "type": "clause", "offset": [1137, 1156]}, {"key": "bank-rate", "type": "definition", "offset": [1201, 1210]}, {"key": "bank-bondholder", "type": "definition", "offset": [1260, 1275]}, {"key": "interest-payment-date", "type": "clause", "offset": [1289, 1310]}, {"key": "in-the-event", "type": "clause", "offset": [1316, 1328]}, {"key": "to-the-trustee", "type": "clause", "offset": [1361, 1375]}, {"key": "for-the-purposes", "type": "clause", "offset": [1422, 1438]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [1608, 1630]}, {"key": "held-in-trust", "type": "clause", "offset": [1677, 1690]}, {"key": "immediately-available-funds", "type": "clause", "offset": [1796, 1823]}, {"key": "same-day", "type": "definition", "offset": [1906, 1914]}, {"key": "the-issuer", "type": "clause", "offset": [1950, 1960]}, {"key": "interest-on", "type": "definition", "offset": [2003, 2014]}, {"key": "payable-on-demand", "type": "clause", "offset": [2027, 2044]}, {"key": "the-rate", "type": "definition", "offset": [2111, 2119]}], "size": 1, "hash": "fa26f1e86bba9640c7a07aa59256d721", "id": 9}, {"snippet": "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", "samples": [{"hash": "bLFK3IvFx8X", "uri": "/contracts/bLFK3IvFx8X#method-of-purchasing", "label": "Standby Trust Certificate Purchase Agreement (Arm Financial Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "reduction-of-available-commitment", "type": "clause", "offset": [32, 65]}, {"key": "sale-of", "type": "clause", "offset": [114, 121]}, {"key": "trust-certificates", "type": "clause", "offset": [130, 148]}, {"key": "by-the-bank", "type": "clause", "offset": [149, 160]}, {"key": "facility-fee", "type": "definition", "offset": [218, 230]}, {"key": "general-provisions-as-to-payments", "type": "clause", "offset": [287, 320]}], "size": 1, "hash": "1ef345a06a6183b593f0018b4beb6442", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1tZXRob2Qtb2YtcHVyY2hhc2luZyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Method of Purchasing", "children": [["notice-of-purchase", "Notice of Purchase"], ["remittance-of-extra-funds", "Remittance of Extra Funds"], ["payment-with-own-funds", "Payment with Own Funds"], ["no-liability-of-the-bank", "No Liability of the Bank"], ["no-liability-of-dexia", "No Liability of Dexia"]], "parents": [["purchase-obligation", "Purchase Obligation"], ["commitment-to-purchase-variable-rate-bonds", "Commitment to Purchase Variable Rate Bonds"], ["the-commitment-fees-and-certain-payments", "The Commitment Fees and Certain Payments"], ["commitment-to-purchase-bonds", "Commitment to Purchase Bonds"], ["the-commitment", "The Commitment"]], "size": 47, "id": "method-of-purchasing", "related": [["method-of-exercising", "Method of Exercising", "Method of Exercising"], ["method-of-exercise", "Method of Exercise", "Method of Exercise"], ["method-of-delivery", "Method of Delivery", "Method of Delivery"], ["method-of-distribution", "Method of Distribution", "Method of Distribution"], ["method-of-billing", "Method of Billing", "Method of Billing"]], "related_snippets": [], "updated": "2025-07-07T12:36:18+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Method of Purchasing' clause defines the procedures and requirements for how goods or services are ordered under an agreement. It typically outlines the steps parties must follow to initiate a purchase, such as submitting purchase orders, specifying required information, and any approval processes involved. This clause ensures both parties have a clear, standardized process for making purchases, reducing confusion and disputes over how orders are placed and fulfilled."}, "json": true, "cursor": ""}}