Election to Retain definition

Election to Retain means, with respect to a Series 1999 Bond, a form substantially in the form of Exhibit D or, with respect to any Additional Bonds, as established by a Supplemental Indenture.

Election to Retain means the right of a Beneficial Owner of Floater Certificates to retain Floater Certificates that otherwise would be subject to a mandatory tender and purchase pursuant to clauses (xi) and (xii) of Section 5.2(a), which right must be exercised (A) in the case of a Mandatory Tender Date that is the first Business Day of a Term Period, by 2:30 p.m. on the Business Day preceding such Mandatory Tender Date or (B) otherwise, by 3:00 p.m. on the Business Day that is five Business Days prior to the related Mandatory Tender Date.

Election to Retain. The meaning specified in Section 9.7(b).

Examples of Election to Retain in a sentence

• Election to Retain Rights With respect to any USER Subject Invention, which includes inventions of any Participants, reported and elected in accordance with paragraph (C) of this clause, USER may elect to obtain the entire right, title and interest in any patent application filed in any country on a Subject Invention and in any resulting patent secured by USER.

• Any election by a Bondowner to exercise the option to have its Bond or Bonds purchased, or any election by a Bondowner to retain its Bond or Bonds upon any mandatory Tender Date, shall be irrevocable upon delivery to the Tender Agent of the Notice of Election to Tender Bonds (together with, if required at the time of delivery of such notice, the Tendered Bonds) or of the Notice of Election to Retain Bonds, as the case may be.

• To be completed by individual's current employing agencyEmployee's Name (Last, First, MI)Other names usedDate of Birth:Social Security Number:Dates of most recent NAF employment:Location of most recent NAF employment: Figure 2: RI 38-134, Election to Retain NAF Retirement Coverage, Page 1 The copy of RI 38-134 below is for information purposes.

• The written portion of such Immediate Notice given by the Tender Agent shall include copies of such Notices of Election to Tender Bonds or Notices of Election to Retain Bonds.

• The Tender Agent, to whom a Notice of Election to Tender Bonds or a Notice of Election to Retain Bonds has been delivered, shall determine whether such Notice has been properly completed and such determination shall be binding on the Owner of such Bond.

• Except for a Conversion Date, the notice shall be accompanied by a form of an Election to Retain.

• The Tender Agent shall promptly return any incomplete or improperly completed Notice of Election to Tender Bonds (together with, if required, the Tendered Bonds) or Notice of Election to Retain Bonds to the Person or Persons submitting such documents.

• With respect to each Mandatory Tender Date, the Holders of any Bonds of such Series shall deliver in transferable form all such Bonds to the Principal Office of the Tender Agent on or before the 15th day next preceding such Mandatory Tender Date, whether or not an Election to Retain is filed.

• No Holder of any Series shall have any right to retain Bonds of such Series by filing an Election to Retain with respect to the Conversion Date for the Series.

• Promptly after the requisite time by which Notices of Election to Retain Bonds are required to be delivered pursuant to Section 302 hereof, the Tender Agent shall give Immediate Notice to the Trustee, the Remarketing Agent, the Credit Enhancer and the Borrower of its receipt of such Notices and specifying the total principal amount of Bonds required to be tendered for purchase on the applicable Tender Date and the aggregate Tender Price therefor.

More Definitions of Election to Retain

Election to Retain. The meaning specified in Section 9.8(b). “Eligible Bond Index”: The Xxxxxxx Xxxxx US High Yield Master II Index, Bloomberg ticker HUC0 (or such other nationally recognized high yield index as the Collateral Manager selects and provides notice to the Rating Agencies). “Eligible Custodian”: A custodian that satisfies, mutatis mutandis, the eligibility requirements set out in Section 6.8. “Eligible Institution”: An institution that has (x) a counterparty risk assessment of at least “A2(cr)” or, if such entity does not have a counterparty risk assessment by Moody’s, a long-term senior unsecured debt rating of at least “A2” and a short-term debt rating of at least “P-

Election to Retain shall have the meaning set forth in Section 3.15(b).