Tender and Purchase of Bonds Sample Clauses

Tender and Purchase of Bonds. The Bonds are subject to optional and mandatory tender for purchase as provided in Article III hereof.
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Tender and Purchase of Bonds. Section 301. Optional Tender of Bonds During Weekly Mode or Monthly Mode.
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Tender and Purchase of Bonds. Optional Tender for Purchase of Daily Rate, Weekly Rate and Monthly Rate Bonds.
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Tender and Purchase of Bonds. Section 4.01. OPTIONAL TENDER OF VARIABLE WEEKLY RATE BONDS. (a) OPTIONAL TENDER RIGHTS; PURCHASE DATES. The Owners of Bonds bearing interest at a weekly Variable Rate shall have the right to tender their Bonds (or portions thereof in amounts equal to whole multiples of $100,000) for purchase, at a price equal to 100% of the principal amount thereof (or of such portions) plus accrued interest, on any Business Day upon written notice to the Tender Agent and the Remarketing Agent on any Business Day at least seven (7) days prior to the Business Day on which such purchase is to be made (for purposes hereof the phrase "Bonds bearing interest at a Variable weekly Rate" shall be deemed to also include Bonds bearing interest at the initial rate described in Section 3.01 hereof). Notwithstanding anything in this Section to the contrary, any Owner who has elected to retain any Bond (or portion thereof) upon a conversion to a Fixed Rate shall no longer be entitled to elect to have such Bond purchased as provided in this Section.
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Tender and Purchase of Bonds. (a) Bonds for which a Tender Notice has been received and Bonds which are subject to mandatory tender shall be purchased from the Owners thereof on the Optional Tender Date or Mandatory Tender Date, as the case may be, at the Purchase Price which shall be payable solely from the following sources and in the order of priority listed: (1) proceeds of the remarketing or purchase of Bonds pursuant to the Remarketing Agreement, which proceeds shall in no event include amounts provided by the Company, any guarantor of the Company, the Issuer or any Affiliate of any of the foregoing; and (2) amounts drawn under the Letter of Credit in accordance with Section 13.02(a)(iii). (b) At or prior to 12:00 Noon, Minneapolis time, one Business Day prior to each Optional Tender Date and each Mandatory Tender Date, the Remarketing Agent will give Immediate Notice to the Trustee and Tender Agent specifying the principal amount of Bonds, if any, which have been remarketed, the principal amount of Bonds which have not been remarketed, the amount of remarketing proceeds on hand and specifying, for any Optional Tender Date that is not an Interest Payment Date, the amount of interest accrued to the Optional Tender Date with respect to Bonds, if any, which have been remarketed, and Bonds which have not been remarketed. If all or a portion of the Bonds subject to purchase have not been remarketed, the Tender Agent shall give Immediate Notice thereof to the Bank, the Letter of Credit Custodian and the Company. The Letter of Credit Custodian shall, in accordance with Section 13.02 hereof, on the Business Day prior to such Optional Tender Date or Mandatory Tender Date, draw funds under the Letter of Credit in accordance with the terms of the Letter of Credit in an amount equal to the Purchase Price of the Bonds subject to purchase less proceeds of remarketing actually on deposit with the Remarketing Agent, as specified by the Remarketing Agent in its notice delivered in accordance with this subsection, and transfer such funds to the Tender Agent for deposit in the Purchase Fund as provided in Section 13.02(c). (c) The Remarketing Agent shall deliver to the Tender Agent, no later than 9:30 a.m. Minneapolis time, on each such Optional Tender Date or Mandatory Tender Date, in immediately available funds, an amount equal to the principal amount of Bonds set forth in the Remarketing Agent's notice as having been remarketed plus accrued interest thereon to, but not including, such date, if a...
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Tender and Purchase of Bonds 
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Related to Tender and Purchase of Bonds

  • Purchase of Bonds The Company may at any time, and from time to time, furnish moneys to the Trustee accompanied by a notice directing such moneys to be applied to the purchase of Bonds in accordance with the provisions of the Indenture delivered pursuant to the Indenture, which Bonds shall, at the direction of the Company, be delivered in accordance with Section 3.06(a)(ii) of the Indenture.

  • 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.

  • Issuance and Purchase of the Notes (a) Delivery of the Funding Agreement and the Guarantee to the Custodian, on behalf of the Indenture Trustee, pursuant to the Assignment or execution of the cross receipt contained in the Closing Instrument shall be confirmation of payment by the Trust for the Funding Agreement. (b) The Trust hereby directs the Indenture Trustee, upon receipt by the Custodian, on behalf of the Indenture Trustee, of the Funding Agreement pursuant to the Assignment and upon receipt by the Custodian, on behalf of the Indenture Trustee, of the Guarantee, (i) to authenticate the certificates representing the Notes (the “Notes Certificates”) in accordance with the Indenture and (ii) to (A) deliver each relevant Notes Certificate to the clearing system or systems identified in each such Notes Certificate, or to the nominee of such clearing system, or the custodian thereof, for credit to such accounts as the Purchasing Agent may direct, or (B) deliver each relevant Notes Certificate to the purchasers thereof as identified by the Purchasing Agent.

  • Purchase of Notes The Company will not and will not permit any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or exchange for any such Notes.

  • Acknowledgment Regarding Buyer’ Purchase of Securities The Company acknowledges and agrees that the Buyer is acting solely in the capacity of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely incidental to the Buyer’ purchase of the Securities. The Company further represents to the Buyer that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

  • Re-Purchase of Note If we decide that you provided us with inaccurate information or have otherwise violated your obligations, or if required by any applicable law or regulation related to terrorism, money laundering, and similar activities, we may (but shall not be required to) repurchase your Note for an amount equal to the principal amount outstanding.

  • 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.

  • Acknowledgment Regarding Investor’s Purchase of Securities The Company acknowledges and agrees that each of the Investors is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that no Investor is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Investor or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Investors’ purchase of the Securities. The Company further represents to each Investor that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

  • Acknowledgment Regarding Buyer’s Purchase of Securities The Company acknowledges and agrees that the Buyer is acting solely in the capacity of arm’s length purchaser with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely incidental to the Buyer’s purchase of the Securities. The Company further represents to the Buyer that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

  • Acknowledgment Regarding Purchasers’ Purchase of Securities The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Securities. The Company further represents to each Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

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