Examples of Bond Purchase Date in a sentence
The purchase price for each such Bond, or portion thereof, shall be payable in lawful money of the United States of America by check or draft, shall equal the principal amount, or such portion thereof, to be purchased and accrued interest, if any, and shall be paid in full on the applicable Bond Purchase Date by check or wire transfer at the direction of the Holder but only upon delivery and surrender of such Bond to the Trustee.
Any Bond required to be tendered on a Mandatory Tender Date that is not tendered as of such date shall be deemed to have been tendered to the Trustee on such date and shall thereafter cease to bear interest and no longer be considered to be Outstanding hereunder subject to the right of the Holders of such Bonds to receive the Purchase Price of such Bonds and interest accrued thereon to the Bond Purchase Date.
On each Bond Purchase Date, the Tender Agent shall give the Remarketing Agent, the Credit Facility Provider, if any, and the Trustee telephonic notice, confirmed in writing by the following Business Day, of the principal amount of Bonds delivered pursuant to Section 5.1.
Amounts received from the Remarketing Agent on the Bond Purchase Date pursuant to Section 5.3(d) shall be deposited to the Remarketing Proceeds Fund and shall be used solely to purchase remarketed or deemed remarketed Bonds pursuant to Section 5.3(d).
To exercise the tender option granted in Section 3.01 hereof, the Bondholder shall give notice to the Borrower and Trustee no less than one hundred twenty (120) days prior to the Bond Purchase Date by telecopy or in writing which states (a) the name and address of the Bondholder, (b) the principal amount and Bond numbers of the Bonds to be purchased by the Borrower, (c) the date on which such Bonds are to be purchased (d) and that such notice is irrevocable.
Upon the giving of the notice pursuant to Section 3.02 hereof with respect to the Bonds, the Bondholder’s tender of such Bonds shall be irrevocable, unless waived in writing by the Bondholder and the Trustee and consented to in writing by the Borrower prior to the Bond Purchase Date.
The redemption date shall be the Bond Purchase Date on which the Borrower shall fail to purchase the Bonds which have been tendered for purchase in accordance with Article III hereof.
In the event the Borrower shall fail to purchase on the Bond Purchase Date any Bonds which shall have been tendered for purchase under the provisions of Section 3.01 hereof, such Bonds shall be subject to mandatory redemption in accordance with the provisions of Section 8.08 hereof.
The Bonds are subject to mandatory redemption in whole at a redemption price equal to the principal amount thereof, together with accrued interest thereon to the redemption date, in the event the Borrower shall fail to purchase on the Bond Purchase Date any Bonds which shall have been tendered for purchase under the provisions of Section 3.01 hereof.
On the Bond Purchase Date, the Bondholder shall have the option to tender all but not less than all of the Bonds to the Borrower for purchase, at 100% of the principal amount thereof plus accrued interest to the Bond Purchase Date.