Renewed Remarketing. If a Remarketing has occurred pursuant to Section 5 that would be a Failed Remarketing pursuant to Section 5 because the purchase and sale of the Preferred Securities (or, if applicable, the Senior Notes) do not take place on the corresponding Remarketing Settlement Date, and the reason for such failure shall, in the good faith determination of the Remarketing Agent (made after consultation with the Sponsor), result from facts or circumstances that are not due to the action or inaction of the Company, then the provisions of Section 5 shall apply to a second remarketing (a "Renewed Remarketing") of the Preferred Securities (or, if applicable, the Senior Notes), except that the Expected Reset Date shall be the sixth Business Day following such corresponding Remarketing Settlement Date; provided that only one Renewed Remarketing may occur pursuant to this Section 7, and no Renewed Remarketing shall occur after the Final Reset Date.
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Samples: Remarketing and Contingent Purchase Agreement (Mutual Risk Management LTD)
Renewed Remarketing. If a Remarketing has occurred pursuant to Section 5 10.2 that would be a Failed Remarketing pursuant to Section 5 10.2(e), because the purchase and sale of the Preferred Securities (or, if applicable, the Senior Notes) Subordinated Notes do not take place on the corresponding Remarketing Settlement Date, and the reason for such failure shall, in the good faith determination of the Remarketing Agent (made after consultation with the SponsorGuarantor), result from facts or circumstances that are not due to the action or inaction of the CompanyGuarantor, then the provisions of Section 5 10.2 shall apply to a second remarketing (a "Renewed Remarketing") of the Preferred Securities (or, if applicable, the Senior Subordinated Notes), except that the Expected Reset Date shall be the sixth Business Day following such corresponding Remarketing Settlement Date; provided however that upon the occurrence of a Failed Remarketing pursuant to Section 10.2, only one Renewed Remarketing may can occur pursuant to this Section 710.4, and no Renewed Remarketing shall occur after the Final Reset Date.
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Samples: Supplemental Indenture (Ace LTD)
Renewed Remarketing. If a Remarketing has occurred pursuant to Section 5 that would be a Failed Remarketing pursuant to Section 5 5(e), because the purchase and sale of the Preferred Securities (or, if applicable, the Senior Subordinated Notes) do not take place on the corresponding Remarketing Settlement Date, and the reason for such failure shall, in the good faith determination of the Remarketing Agent (made after consultation with the SponsorCompany), result from facts or circumstances that are not due to the action or inaction of the Company, then the provisions of Section 5 shall apply to a second remarketing (a "Renewed Remarketing") of the Preferred Securities (or, if applicable, the Senior Subordinated Notes), except that the Expected Reset Date shall be the sixth Business Day following such corresponding Remarketing Settlement Date; provided that only one Renewed Remarketing may can occur pursuant to this Section 7, and no Renewed Remarketing shall occur after the Final Reset Date.
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Samples: Remarketing and Contingent Purchase Agreement (Ace LTD)
Renewed Remarketing. If a Remarketing has occurred pursuant to Section 5 that would be a Failed Remarketing pursuant to Section 5 5(e), because the purchase and sale of the Preferred Securities (or, if applicableSubordinated Notes shall have been distributed to Holders of the Trust Securities, the Senior Subordinated Notes) do does not take place on the corresponding Remarketing Settlement Date, and the reason for such failure shall, in the good faith determination of the Remarketing Agent (made after consultation with the SponsorCompany), result from facts or circumstances that are not due to the action or inaction of the Company, then the provisions of Section 5 and this Section 7 shall apply to a second any remarketing (each, a "Renewed RemarketingRENEWED REMARKETING") of the Preferred Securities (or, if applicableSubordinated Notes shall have been distributed to Holders of the Trust Securities, the Senior Subordinated Notes), except that the Expected Reset Date shall be the sixth Business Day following such corresponding Remarketing Settlement Date; . The provisions of this Section 7 shall apply successively to each Renewed Remarketing, provided that only one Renewed Remarketing may occur pursuant to this Section 7, and no Renewed Remarketing shall occur after the Final Reset Date.
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Samples: Remarketing Agreement (Hercules Inc)