Examples of Auction Certificates in a sentence
Unless released earlier to Buyer pursuant to this Agreement, the Indemnity Escrow Amount will be held by the Escrow Agent until [__________] (the “Indemnity Escrow Termination Date”).
The Auction Administrator will request from each Bidder, through the Dealers, instructions for transfer on the Auction Distribution Date to the Bidder (or its designee) of the Auction Certificates of each Class on which such Bidder is bidding in the event that such Bidder is the winning Bidder.
The Securities Administrator, as Auction Administrator, agrees not to consent to any amendments to the Auction Administration Agreement or Auction Swap Agreement without the consent of 100% of the Auction Certificates.
In any case described in (i)-(v) above, the Auction Administrator shall have no further responsibility with respect to the auction of such Auction Certificates.
For purposes of determining the issue prices of the Auction Certificates, it shall be assumed that such separate rights and obligations have a zero value unless and until required otherwise by the applicable taxing authority.
If only one Qualifying Bid for a Class of Auction Certificates (or portion thereof) being auctioned is received from or through any Dealers, then the auction price for such Auction Certificates (or portion thereof) shall be the amount of such Qualifying Bid.
Yes Party B Copies of all statements delivered to the Holders of the Auction Certificates under the Pooling and Servicing Agreement.
The Auction Administrator will contact the Dealers via Exhibit A and request that they solicit Qualifying Bids (as defined below) from the Bidders for the purchase of all or a portion of the Auction Certificates, and will request that the Bidders respond to the Dealers, who in turn will convey such bids to the Auction Administrator, by 11:00 AM New York time on the second Business Day prior to the Auction Distribution Date (the “Bid Date”).
The Trustee shall not cause the transfer of the Mandatory Auction Certificates if it has received notice from the Auction Administrator that the Swap Counterparty is in default under the Market Value Swap and the Swap Guarantor is in default under the Swap Guarantee.
If only one bid for a Class of Auction Certificates (or portion thereof) being auctioned is received, then the auction price for such Auction Certificates (or portion thereof) shall be the amount of such bid.