Purchaser Consent to Subsequent Indexed Term Put Rate Period Sample Clauses

Purchaser Consent to Subsequent Indexed Term Put Rate Period. (a) So long as the Purchaser is the Bondholder, on or before the sixtieth (60th) day prior to any Indexed Term Put Date, the Corporation may provide written notice to the Purchaser of its desire to convert the interest rate mode of the Bonds to a new Indexed Term Put Rate Period and request that the Purchaser purchase the Bonds in such new Indexed Term Put Rate Period for such period as agreed to by the Purchaser and the Corporation. Such request shall propose one or more new Indexed Term Put Dates. The Purchaser will make reasonable efforts to respond to such request within thirty (30) days after receipt of all information necessary, in the Purchaser’s reasonable judgment, to permit the Purchaser to make an informed credit decision. The Purchaser may, in its sole and absolute discretion, decide to accept, reject or renegotiate any such request and no consent or approval with respect thereto shall become effective unless the Purchaser shall have consented thereto or approved thereof in writing.
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