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 has the meaning assigned to such term in the Bond Indenture. “Direct Purchase Period Purchase Date” means June 30, 2021.
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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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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.

  • 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.

  • 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.

  • Almost half of all UK wildlife is in long term decline and 15% of species are at risk of extinction.

  • While the Bonds bear interest at a Medium-Term Rate not subject to a Direct Purchase Period or a Fixed Rate, the Bonds shall be in substantially the form of Exhibit C.

  • 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.

  • 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.

  • 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.

  • 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.

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More Definitions of Direct Purchase Period

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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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 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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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 Stock may be granted under the Plan, as determined pursuant to Section 4(a).

  • Initial Offering Period means the initial period during which a Series of the Trust will offer its Shares prior to the commencement of investment operations of such Series;

  • 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.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

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

  • Enrollment Period means the period agreed upon by the Policyholder and Us when an Eligible Person may enroll for coverage or an Insured may change benefit elections under the Policy.

  • 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 defined period of time of the Subscription as set forth in an Order Form.

  • 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 a period of time that Customer includes in a nomination for gas service.

  • 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 has the meaning given to such term in Clause 3.10(b) or 3.10(c) of the Gold Bullion Terms, as the case may be.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

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

  • Redemption Call Purchase Price has the meaning ascribed thereto in section 5.2(a);

  • 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).