Remarketing to Board Sample Clauses

Remarketing to Board. Series 2014_ Bonds shall not be remarketed to the Board; provided, that the Board, acting through the Comptroller, reserves the right to purchase from any lawfully available funds any Series 2014_ Bond, including any Credit Provider Bond, by giving notice by telephone (promptly confirmed by telecopy) to the Bond Registrar, the Remarketing Agent and the Credit Provider not later than 2:00 p.m., Local Time, on the second Business Day preceding such day of purchase. Such notice shall state the principal amount of the Series 2014_ Bonds to be purchased and the Business day upon which such Series 2014_ Bonds are to be purchased (which shall be the date such Series 2014_ Bonds are scheduled to be tendered or deemed tendered for purchase). Prior to the applicable date of purchase, the Board shall deposit with the Bond Registrar funds sufficient to purchase such Series 2014_ Bonds or Credit Provider Bonds. Any Series 2014_ Bonds so purchased shall be selected first, from Credit Provider Bonds and thereafter from any Series 2014_ Bonds tendered for purchase and may be cancelled or remarketed as provided in Section 2.06(g) below. Series 2014_ Bonds may be remarketed to the Board and the Board may, but shall not be obligated to, purchase such Series 2014_ Bonds without providing for the cancellation thereof when there is a default under the Credit Facility then in effect with respect to the Series 2014_ Bonds.
Sample 1
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