Direct Purchase Period definition

Direct Purchase Period means any Rate Period, other than a Weekly Rate Period or Flexible Term Rate Period, during which the Bonds have been purchased pursuant to a direct purchase of the Bonds pursuant to a Continuing Covenant Agreement by the Purchaser.
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Direct Purchase Period means any period during which the Bond has been purchased pursuant to a direct purchase of the Bond by the Owner.
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Direct Purchase Period means any Rate Period, other than a Weekly Rate Period or Flexible Term Rate Period, during which the Series 2023 Bonds, the Series 2024 Bonds, or any Series of Additional Bonds have been purchased pursuant to a direct purchase of such Bonds pursuant to the Indenture and the Purchase Contract by the Purchaser or another bond purchase agreement with the purchaser thereof with respect to a Series of Additional Bonds. DRAFT
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Examples of Direct Purchase Period in a sentence

  • Nothing in this Section 22 shall amend, modify or alter any of CTI's obligations under this Agreement, which shall continue unaffected by the commencement of the PETNET Direct Purchase Period and PETNET's obligations during such period.

  • In the event that the Bonds are converted to any other Direct Purchase Period, the new interest rate shall be, in the judgment of the Market Agent, having due regard for prevailing market conditions for bonds or other securities similar to the Bonds, the interest rate necessary, but not to exceed the interest rate necessary to enable the Bonds to be placed at a price of par on the Conversion Date.

  • The Direct Purchase Period Conversion Notice shall contain that information described in the second paragraph of Section 2.04(a) which relates to conversion of the Bonds to a Direct Purchase Period.

  • If a proposed conversion of the Interest Rate Determination Method is cancelled pursuant to the provisions of the two preceding paragraphs, all Bonds (other than Bonds subject to a Direct Purchase Period) shall nevertheless be tendered for purchase on the proposed Conversion Date and shall be purchased by the Issuer on the proposed Conversion Date.

  • Notwithstanding anything in this Indenture to the contrary, in the event the Bonds are not purchased or remarketed on a Direct Purchase Period Purchase Date, such Bonds shall constitute Unremarketed Bonds and such Unremarketed Bonds shall bear interest at the rates and shall be payable and redeemed on the dates and in the amounts set forth in the Continuing Covenant Agreement.

  • If the Fixed Rate Period is a Direct Purchase Period the Market Agent shall determine the Fixed Rate and if the Fixed Rate Period is not a Direct Purchase Period, the Remarketing Agent shall determine the Fixed Rate.

  • During any Direct Purchase Period where the Bonds bear the Medium-Term Rate the Market Agent shall determine the Medium-Term Rate and during any other Medium-Term Rate Period the Remarketing Agent shall determine the Medium-Term Rate.

  • Notwithstanding the foregoing, if a proposed conversion of the Interest Rate Determination Method is cancelled pursuant to the provisions of the two preceding paragraphs, any Bonds then subject to a Direct Purchase Period shall not be subject to tender for purchase and shall continue to bear interest at the Interest Rate Determination Method in effect prior to the failed proposed conversion.

  • This Bond is subject to mandatory tender for purchase as provided in the Indenture on any Mandatory Purchase Date (e.g., any proposed Conversion Date, a Direct Purchase Period Purchase Date and certain dates designated by the Owner or the Borrower) at the Purchase Price thereof.

  • All percentages resulting from any calculation of any interest rate for any Series of the Notes shall be rounded upward to the second decimal place, unless otherwise provided during a Direct Purchase Period.


More Definitions of Direct Purchase Period

Direct Purchase Period means each period during which the applicable Series of the Notes is purchased and held pursuant to a Direct Purchase Agreement, including any Term-Out Period or other period during which Unremarketed Notes continue to be outstanding while a Direct Purchase Agreement is in effect.
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Direct Purchase Period means any Rate Period, other than a Short-Term Rate Period, during which the Series 2014_ Bonds have been purchased pursuant to a direct purchase of the Series 2014_ Bonds pursuant to a Continuing Covenant Agreement by the Bank.
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Direct Purchase Period has the meaning assigned to such term in the Bond Indenture. “Direct Purchase Period Purchase Date” means June 30, 2021.
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Related to Direct Purchase Period

  • Purchase Period means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Regular Purchase Notice means, with respect to any Regular Purchase pursuant to Section 2(a) hereof, an irrevocable written notice from the Company to the Investor directing the Investor to buy such applicable amount of Purchase Shares at the applicable Purchase Price as specified by the Company therein on the Purchase Date.

  • Offering Period means a period with respect to which the right to purchase Common Stock may be granted under the Plan, as determined by the Committee pursuant to Section 5(a).

  • Initial Offering Period means the period commencing with the initial effective date of the Prospectus and terminating no later than the ninetieth (90th) day following such date unless extended for up to an additional 90 days at the sole discretion of the General Partner.

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • Remarketing Period means the three Business Day period either (i) beginning on the Remarketing Date and ending after the two immediately following Business Days; (ii) immediately preceding October 1, 2004; or (iii) immediately preceding November 16, 2004.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Enrollment Date means the first day of each Offering Period.

  • Transfer Period means a period of 10 Working Days before a Customer’s order can be activated;

  • Enrollment Period means that period of time prescribed by the Administrator, which period shall conclude prior to the Offering Date, during which Eligible Employees may elect to participate in an Offering Period. The duration and timing of Enrollment Periods may be changed or modified by the Administrator from time to time.

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Subscription Period means the duration of Customer’s authorized use of the Subscription Services as designated in the Order.

  • Purchase Notice has the meaning set forth in Section 1.2.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Notification Period means a set period of time between the submittal of a Notice of Intent and the beginning of lead - based paint abatement activities (including all on-site worksite preparation).

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Optional Purchase Percentage means 5%.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.