Purchased Bonds. The Owner acknowledges that Purchased Bonds will be purchased by the Trustee as agent for and on behalf of the Owner and registered in the name of the Owner, to the extent that Xxxxxxx Mac has provided the funds to purchase such Purchased Bonds, and that such Purchased Bonds will be pledged to Xxxxxxx Mac pursuant to the Pledge Agreement.
Purchased Bonds. The Terms Agreement shall specify (by incorporation by reference or otherwise) the parties that will be Underwriters, the principal amount to be purchased by each, the purchase price to be paid by the Underwriters, any compensation or commissions to be paid to Underwriters, the offering price, and the terms of the Purchased Bonds not already specified in the Indenture, including, but not limited to, interest rates, maturity, redemption provisions, and sinking fund requirements, if any. The Terms Agreement shall also specify (by incorporation by reference or otherwise) the time and date of delivery and payment (the "Closing Date"), the place of delivery and payment, and any details of the terms of offering that should be reflected in the prospectus supplement relating to the offering of the Purchased Bonds (the "Prospectus Supplement"). It is understood that the Underwriters will offer the Purchased Bonds for sale as set forth in the Prospectus. The obligations of the Underwriters to purchase the Purchased Bonds shall be several and not joint. Except as may otherwise be set forth in the Terms Agreement, the Purchased Bonds will be in definitive form and in such denominations and registered in such names as the Underwriters may request.
Purchased Bonds. Owner acknowledges that any Related Purchased Bonds will be purchased for and registered in the name of Owner, to the extent that Fannie Mae has provided the funds to purchase such Related Purchased Bonds or moneys in the applicable Principal Reserve Fund were used for such purposes and will be pledged to Fannie Mae pursuant to the Related Pledge Agreement.
Purchased Bonds. Purchased Bonds shall be subject to mandatory redemption prior to maturity, in whole, on the Liquidity Facility Expiration Date at a redemption price equal to 100% of the principal amount thereof, plus accrued interest to the redemption date.
Purchased Bonds. The Liquidity Reserve Escrow Fund shall remain in existence until the conditions in Section 4.11(a) hereof have been met, whereupon the balance in the Liquidity Reserve Escrow Fund shall be returned to the Guarantor.”
Purchased Bonds. Borrower acknowledges that Purchased Bonds will be purchased for and registered in the name of the applicable Borrower, to the extent that Xxxxxx Mae has provided the funds to purchase such Purchased Bonds or moneys in any Principal Reserve Fund were used for such purposes, and that such Purchased Bonds will be pledged to Xxxxxx Xxx pursuant to the Pledge Agreement. If an Event of Default has occurred and is continuing, Xxxxxx Mae, in its sole and absolute discretion, may direct the Trustee to cancel all or any Purchased Bonds subject to compliance with Applicable Law and the applicable Resolution or Indenture.
Purchased Bonds. Exhibit A to the Original Agreement is hereby amended as follows: Those Purchased Bonds identified on Exhibit A-1 to this First Amendment are deleted from Exhibit A, paragraph I. to the Original Agreement and those Purchased Bonds identified on Exhibit A-2 to this First Amendment are included on Exhibit A, in paragraph I. to the Original Agreement, resulting in a Restated Exhibit A to the Agreement, which is attached hereto as Exhibit A-3 and by this reference is incorporated herein. All other aspects of Exhibit A remain unchanged in the Restated Exhibit A.
Purchased Bonds. As of the Closing Date, (a) each of the Bond Issuers and the applicable Loan Parties has full right, power and authority to sell (or cause to sell) to the Bond Purchasers all of the Bonds being purchased on the Closing Date, and the applicable Bond Issuers and Loan Parties own such Bonds free of any Lien or claim of any other Person, (b) there are no offsets, defenses or counterclaims against the enforcement of the Bonds or the rights of any holders of the Bonds under the Bond Indentures or the other Bond Documents regardless of whether such Bonds are held by the applicable Loan Parties or the Bond Purchasers, (c) the Bond Indentures, Bond Loan Agreements and the other Bond Documents are in full force and effect, and no event has occurred and is continuing which, with the passage of time or the giving of notice, or both, would constitute a default or an event of default under any of the Bond Documents, (d) the outstanding principal balance of the Bonds is as set forth on Schedule III hereto, (e) no approval, consent, exemption or authorization of, or other action by, or notice to, or filing with, any Governmental Authority, any Bond Indenture Trustee or any other person that has not been obtained is or will be required to be made or obtained pursuant to the provisions of any Bond Document or any material Requirement of Law in connection with the issuance and sale of the Bonds by the applicable Bond Issuer to the Bond Purchasers or the consummation of the transactions contemplated by the Bond Documents, (f) the Bonds have been duly authorized, executed and delivered by the applicable Bond Issuers to the Bond Purchasers and duly authenticated by the applicable Bond Indenture Trustees pursuant to the terms of the applicable Bond Indentures, (g) no release or subordination relating to the Bonds has occurred since their respective dates of original issuance, (h) all representations and warranties of each applicable Loan Party in each Bond Document to which it is a party are true and correct in all material respects, except to the extent that any such representation or and warranty specifically refers to an earlier date in which case such representation or warranty was true and correct in all material respects as of such earlier date and (i) there have been no amendments or modifications to the Bond Indentures, the Bonds or any other Bond Document and there have been no waivers with respect to any Bond Document or any right, title or interest of any Bondholder t...
Purchased Bonds. 75 SECTION 4.13
Purchased Bonds. Owner acknowledges that any Purchased Bonds (as defined in the Related Indenture) will be purchased for and registered in the name of Owner, to the extent that Xxxxxx Mae has provided the funds to purchase such Purchased Bonds or moneys in the applicable Principal Reserve Fund were used for such purposes and will be pledged to Xxxxxx Xxx pursuant to the Related Pledge Agreement.
