Common use of Requests for Purchase Clause in Contracts

Requests for Purchase. The County shall give written notice to the Purchaser in the form of a Request for Purchase no later than 11:00 a.m. on a Business Day which is not less than (i) three (3) Business Days prior to the Business Day any purchase of Variable Rate Notes is to be made and (ii) five (5) Business Days prior to the Business Day any purchase of Fixed Rate Notes is to be made (or three (3) Business with respect to the Initial Purchase) (each a “Date of Purchase”). If the Purchaser receives a Request for Purchase after 11:00 a.m. on any Business Day such Request for Purchase shall be deemed to have been received on the following Business Day. Requests for Purchases shall be delivered to the Purchaser via facsimile at the facsimile number(s) set forth in Section 9.05 hereof and shall specify the Date of Purchase (which shall be a Business Day), and the amount of the requested Purchase. The County acknowledges that the Purchaser shall not be obligated to purchase Notes except in accordance with the provisions of this Agreement and the Trust Agreement. The Purchaser agrees that the purchase of Notes shall be made in the manner and upon the terms and conditions set forth in this Agreement and the Trust Agreement. The County shall not use the proceeds of any Notes for any payment which is not permitted by the Code, the Trust Agreement or this Agreement.

Appears in 1 contract

Samples: Note Purchase and Reimbursement Agreement

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Requests for Purchase. The County shall give written notice to the Purchaser in the form of a Request for Purchase no later than 11:00 a.m. on a Business Day which is not less than two (i) three (32) Business Days prior to the Business Day any such purchase of Variable Rate Notes is to be made and (ii) five (5) Business Days prior to the Business Day any purchase of Fixed Rate Notes is to be made (or three (3) Business with respect to the Initial Purchase) (each a “Date of Purchase”). If the Purchaser receives a Request for Purchase at or after 11:00 a.m. on any Business Day such Request for Purchase shall be deemed to have been received on the following Business Day. Requests for Purchases shall be delivered to the Purchaser via facsimile at the facsimile number(s) set forth in Section 9.05 hereof and shall specify the Date of Purchase (which shall be a Business Day), and the amount of the requested Purchase. The County acknowledges that the Purchaser shall not be obligated to purchase Notes except in accordance with the provisions of this Agreement and the Trust Agreement. The Purchaser agrees agrees, that the purchase of Notes shall be made in the manner and upon the terms and conditions set forth in this Agreement and the Trust Agreement. The County shall not use the proceeds of any Notes for any payment which is not permitted by the Code, the Trust Agreement or this Agreement.

Appears in 1 contract

Samples: Note Purchase and Reimbursement Agreement

Requests for Purchase. The County shall give written notice to the Purchaser in the form of a Request for Purchase no later than 11:00 a.m. on a Business Day which is not less than (i) three (3) Business Days prior to the Business Day any such purchase of Variable Rate Notes is to be made and (ii) five (5) Business Days prior to the Business Day any purchase of Fixed Rate Notes is to be made (or three (3) Business with respect to the Initial Purchase) (each a “Date of Purchase”). If the Purchaser receives a Request for Purchase after 11:00 a.m. on any Business Day such Request for Purchase shall be deemed to have been received on the following Business Day. Requests for Purchases shall be delivered to the Purchaser via facsimile at the facsimile number(s) set forth in Section 9.05 hereof and shall specify the Date of Purchase (which shall be a Business Day), and the amount of the requested Purchase. The County acknowledges that the Purchaser shall not be obligated to purchase Notes except in accordance with the provisions of this Agreement and the Trust Agreement. The Purchaser agrees that the purchase of Notes shall be made in the manner and upon the terms and conditions set forth in this Agreement and the Trust Agreement. The County shall not use the proceeds of any Notes for any payment which is not permitted by the Code, the Trust Agreement or this Agreement.

Appears in 1 contract

Samples: Note Purchase and Reimbursement Agreement

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Requests for Purchase. The County shall give written notice to the Purchaser in the form of a Request for Purchase no later than 11:00 a.m. on a Business Day which is not less than (i) three (3) Business Days prior to the Business Day any purchase of Variable Rate Notes is to be made and (ii) five (5) Business Days prior to the Business Day any purchase of Fixed Rate Notes is to be made (or three (3) Business with respect to the Initial Purchase) (each a “Date of Purchase”). If the Purchaser receives a Request for Purchase after 11:00 a.m. on any Business Day such Request for Purchase shall be deemed to have been received on the following Business Day. Requests for Purchases shall be delivered to the Purchaser via facsimile at the facsimile number(s) set forth in Section 9.05 hereof and shall specify the Date of Purchase (which shall be a Business Day), and the amount of the requested Purchase. The County acknowledges that the Purchaser shall not be obligated to purchase Notes except in accordance with the provisions of this Agreement and the Trust Agreement. The Purchaser agrees that the purchase of Notes shall be made in the manner and upon the terms and conditions set forth in this Agreement and the Trust Agreement. The County shall not use the proceeds of any Notes for any payment which is not permitted by the Code, the Trust Agreement or this Agreement.

Appears in 1 contract

Samples: Note Purchase and Reimbursement Agreement

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