Examples of Auction Agent Agreement in a sentence
The Indenture Trustee is hereby authorized and directed to execute and deliver the Auction Agent Agreement and the other Basic Documents to which it is a party.
Under the terms of the Indenture and the Auction Agent Agreement entered into with respect to the Bonds, the Bonds bear interest at the Auction Rate.
Amounts held in the Administrative Expense Fund shall be transferred by the Trustee to or upon the order of the District, as specified in a Request of the District, on each date provided therefor in the Auction Agent Agreement, the Broker Dealer Agreement, and the Reimbursement Agreement, including the Fee Letter, for payment of the Auction Agent Fees, the Broker-Dealer Fees, and the Letter of Credit Fees when due.
In the absence of willful misconduct, negligent failure to act or negligence on its part, the Auction Agent shall not be liable for any action taken, suffered or omitted or any error of judgment made by it in the performance of its duties under the Auction Agent Agreement and shall not be liable for any error of judgment made in good faith unless the Auction Agent shall have been negligent in ascertaining (or failing to ascertain) the pertinent facts.
In the case of any Conversion of the Series 2008C Bonds to an ARS Interest Rate Period, prior to the Conversion Date, the District shall have appointed an Auction Agent and one or more Broker- Dealers and there shall have been executed and delivered an Auction Agent Agreement and one or more Broker-Dealer Agreements.