Bank Purchase Date definition

Bank Purchase Date means any Purchase Date on which the Bank purchases 2006 Series C Bonds. “Business Day” means any day which shall not be a Saturday, Sunday, legal holiday or a day on which

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

Examples of Bank Purchase Date in a sentence

• Each notice of mandatory tender for purchase shall specify the Bank Purchase Date, the purchase price, the place and manner of payment, that the Holder has no right to retain such 2018A Bond after the Bank Purchase Date and that no further interest will accrue to such Holder from and after the Bank Purchase Date.

• TheTrustee shall, at least [15] days prior to any Bank Purchase Date, give notice to the Owners of the 2018A Bonds and the Obligated Group Representative of the mandatory tender for purchase of such 2018A Bonds.

• If the 2018A Bonds tendered for purchase in accordance with this Section 4.05 are not purchased on the Bank Purchase Date, then such 2018A Bonds shall bear interest at the Default Rate until purchased or paid.

• Failure of the Trustee to give a notice of mandatory tender as provided in the Bond Indenture shall not affect the obligation of the Trustee to purchase 2018A Bonds subject to mandatory tender for purchase on the Bank Purchase Date from the funds provided therefor pursuant to the Bond Indenture.

• Onor before the close of business on the Bank Purchase Date, the Trustee shall purchase the 2018A Bonds from the Holders thereof at the purchase price equal to the principal amount thereof plus accrued interest, if any.

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

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 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, during any Direct Purchase Period, the date designated by the Board pursuant to Section 2.04(a).

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