Bank Purchase Date definition

Bank Purchase Date means any Purchase Date on which the Bank purchases 2003 Series J Bonds. “Business Day” means any day which shall not be a Saturday, Sunday, legal holiday or a day on which

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Bank Purchase Date means, with respect to a Series of Bonds, (i) during the Initial Period, the Initial Bank Purchase Date, (ii) during any Index Rate Period other than the Initial Period, the date designated by the Authority pursuant to Section 2.03(i)(2) and (iii) during any Index Rate Period, the date which is not less than ten calendar days (or if such tenth calendar day is not a Business Day, the next Business Day) after the date on which the Trustee receives written notice from the Bank under an Agreement which (x) advises the Trustee of the occurrence and continuance of an "Event of Default" under and as defined in such Agreement and (y) directs the Trustee to cause a mandatory tender of the Bonds of the particular Series to which such Agreement relates by reason of such "Event of Default."

Bank Purchase Date means the earlier of (i) August 31, 2021, or (ii) a Conversion Date (as defined in the Series 2012B Supplemental Trust Agreement).

Examples of Bank Purchase Date in a sentence

The Facility Fee shall be payable (i) monthly in arrears on each Distribution Date prior to the APA Bank Purchase Date and (ii) on the Distribution Date immediately succeeding the APA Bank Purchase Date.
Such notice of intention to purchase shall: (i) be signed by an authorized officer of the Bank; and (ii) state that the Bank elects to exercise its option to purchase the Senior Certificates pursuant to the provisions of this Section 8.02(b) on the date otherwise established for redemption or acceleration, as applicable (the "Bank Purchase Date").
The Utilization Fee shall be payable (i) monthly in arrears on each Distribution Date prior to the APA Bank Purchase Date and (ii) on the Distribution Date immediately succeeding the APA Bank Purchase Date.
Any Sale Notice shall be delivered by the Initial Purchaser to the Funding Agent, the Issuer and the Indenture Trustee prior to 12:30 p.m., New York City time, on the APA Bank Purchase Date and shall constitute an irrevocable offer by the Initial Purchaser to sell 100% of the Series 1999-1 Invested Amount at the Purchase Price.
The APA Bank hereby agrees to purchase from the Initial Purchaser the Series 1999-1 Invested Amount for a purchase price equal to the Purchase Price on the APA Bank Purchase Date (which date, subject to Section 2.4(b), may be the same as the date of the Sale Notice).

More Definitions of Bank Purchase Date

Bank Purchase Date means, with respect to each 2002 Series B Bond purchased by the Bank(s) (or any nominee or nominees thereof) pursuant to clause (b) of subsection 1 of Section 3.11, the date of such purchase.

Bank Purchase Date means, (i) the Initial Bank Purchase Date and (ii) during any LIBOR Index Rate Period other than the Initial Period, the date designated by the Obligated Group Representative pursuant to Section 3.01(d).

Bank Purchase Date means, during any Bank Index Rate Period, (i) the date designated by the Borrower pursuant to Section 2.3(E)(3) and (ii) the date on which the Borrower elects to purchase the Bonds in lieu of acceleration thereof pursuant to Section 4.9.

Bank Purchase Date means, for the initial period, the Initial Bank Purchase Date, and for other than the Initial Period, during any Index Interest Rate Period, the date designated by the Borrower pursuant to Section 308(h)(viii).

Bank Purchase Date shall have the meaning set forth in Section 2(b).

Bank Purchase Date has the meaning ascribed to such term in the Second Supplemental Subordinate Indenture.

Bank Purchase Date means any Purchase Date on which the Bank purchases 2022 Series D Bonds.