Remarketing of Purchased Bonds Sample Clauses

Remarketing of Purchased Bonds. Upon receipt of a Remarketing ------------------------------ Notice in accordance with subsection (a), the Corporation or any purchaser described in subsection (c) of this Section 2.04 shall have the option to either (1) retain such Bonds, which in such event shall bear interest thereafter at the regular Bond interest rate, and not the Corporation Rate, or (ii) deliver those Bonds being remarketed by the Remarketing Agent upon payment for such Bonds in immediately available funds in an amount equal to the principal amount thereof plus interest accrued thereon at the Corporation Rate.
Sample 1
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Remarketing of Purchased Bonds. At such time as Purchased Bonds are remarketed by the Remarketing Agent (i) the Trustee or the Tender Agent, as appropriate, shall remit the proceeds of the remarketing to the Credit Facility Provider to reimburse the Credit Facility Provider for amounts paid under the Credit Facility to purchase the Bonds (and the Trustee or the Tender Agent shall submit a certificate to the Credit Facility Provider in the form contained in the Credit Facility), (ii) the Trustee or Tender Agent, as appropriate, upon receipt of notice from the Credit Facility Provider that it has received reimbursement for the amount provided under the Credit Facility (or notice from the Tender Agent that the Tender Agent has received funds that it will immediately remit to the Credit Facility Provider) and that the Credit Facility has been reinstated in accordance with its terms, the Custodian shall release all remarketed Purchased Bonds in accordance with the Pledge Agreement (and with respect to the Xxxxxxx Mac Pledge Agreement, specifically, Section 2.4), (iii) the Trustee or the Tender Agent shall give written notice to the Remarketing Agent, the Borrower and the Credit Facility Provider that such Bonds are no longer Purchased Bonds, and (iv) the Trustee shall immediately transfer such remarketed Bonds to the original CUSIP number and advise the Securities Depository accordingly.
Sample 1
Remarketing of Purchased Bonds. Borrower agrees that proceeds from the remarketing of Purchased Bonds are to be transferred to Xxxxxx Xxx by the Tender Agent. Xxxxxx Mae agrees that proceeds from the remarketing of Purchased Bonds that are transferred to it by the Tender Agent are to be applied in the following order of priority: first, to reimburse Xxxxxx Xxx for amounts advanced by Xxxxxx Mae under the Credit Enhancement Instrument with respect to Purchased Bond Advances relating to such Purchased Bonds (after deducting any amounts previously (i) withdrawn from the Principal Reserve Fund to reimburse Xxxxxx Xxx for such Purchased Bonds Advances, and/or (ii) received from Borrower to reimburse Xxxxxx Mae for such Purchased Bonds Advances); second, to replenish the Principal Reserve Fund up to the amount withdrawn therefrom in order to reimburse Xxxxxx Xxx in whole, or in part, for the Purchased Bond Advances relating to such Purchased Bonds; third, to reimburse Xxxxxx Mae for any amounts then owed to it by Borrower under this Agreement or any other Borrower Document; and fourth, to Borrower.
Sample 1

Related to Remarketing of Purchased Bonds

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Sale and Purchase of the Notes Subject to the terms and conditions of this Agreement, at the Closing the Company shall issue and sell to each Investor, and each Investor shall purchase and acquire from the Company, the Notes with the applicable principal amount set forth opposite such Investor’s name under Schedule I hereto for a purchase price equal to the principal amount of the Notes (the “Purchase Price”). The obligations of each Investor to purchase its portion of the Notes are several and not joint.

  • Purchase of Notes and Warrants On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

  • Closing of Purchase (a) Upon any purchase by the Company of the Shares pursuant to the Agreement, the Company shall give to Holder and you a written notice specifying the number of Shares to be purchased, the purchase price for the Shares, as determined pursuant to the Agreement, and the time for a closing hereunder (the “Closing”) at the principal office of the Company. Holder and the Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the terms of said notice.

  • EXECUTION OF PURCHASE AND REDEMPTION ORDERS (a) All Orders must comply with the procedures for Orders set forth in the Prospectus and in this Agreement, which includes the attachments. The Participant, the Distributor, and the [Transfer Agent/Index Receipt Agent] each agrees to comply with the provisions of the Prospectus, this Agreement, and the laws, rules, and regulations that are applicable to it in its role under this Agreement. If there is a conflict between the terms of the Prospectus and the terms of this Agreement, the terms of the Prospectus control.

  • Purchase and Sale of Notes and Warrants (a) Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, secured convertible promissory notes in the aggregate principal amount of up to Three Million Five Hundred Thousand Dollars ($3,500,000), convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in substantially the form attached hereto as Exhibit B (the “Notes”). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”), including Regulation D (“Regulation D”), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder.

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