Common use of Remarketing Notices Clause in Contracts

Remarketing Notices. Prior to 12:00 noon (New York City time) on any Business Day on which the Corporation holds Variable Rate Bonds purchased pursuant to this Agreement, the Remarketing Agent may deliver a notice (a "Remarketing Notice") to the Corporation, the Trustee and the Issuer stating that it has located a purchaser (the "Purchaser") for some or all of such Variable Rate Bonds and that such Purchaser desires to purchase on such Business Day such Variable Rate Bonds at the Purchase Price.

Appears in 3 contracts

Samples: Standby Bond Purchase Agreement (Fgic Securities Purchase Inc), Standby Bond Purchase Agreement (Fgic Securities Purchase Inc), Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)

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Remarketing Notices. Prior to 12:00 noon (New York City time) on any Business Day on which the Corporation holds Variable Rate Bonds purchased pursuant to this Agreement, the Remarketing Agent may deliver a notice (a "Remarketing Notice") to the Corporation, the Trustee Trustee, the Issuer and the Issuer Borrower stating that it has located a purchaser (the "Purchaser") for some or all of such Variable Rate Bonds and that such Purchaser desires to purchase on such Business Day such Variable Rate Bonds at the Purchase Price.

Appears in 2 contracts

Samples: Standby Bond Purchase Agreement (Fgic Securities Purchase Inc), Standby Bond Purchase Agreement (Fgic Securities Purchase Inc)

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