Expiration Tender Date definition

Expiration Tender Date means the day five Business Days prior to the Scheduled Expiration Date.

Expiration Tender Date means the day five (5) Business Days prior to the Expiration Date.

Expiration Tender Date shall have the meaning set forth in clause (a) of Section A-403 hereof.

Examples of Expiration Tender Date in a sentence

• Notwithstanding a mandatory tender pursuant to this Section, the Owners of any Bonds in respect of which the Letter of Credit will be replaced or expire may elect to retain their Bonds by delivering to the Paying Agent at its Principal Office, for receipt not later than 5:00 p.m., on a Business Day which is not fewer than fifteen (15) days prior to the Replacement Tender Date or the Expiration Tender Date, a written notice of such election.

• On the Replacement Tender Date or Expiration Tender Date the Paying Agent shall pay the purchase price of the Bonds to the selling Owners thereof at its Principal Office upon surrender to the Paying Agent of such Bonds properly endorsed for transfer in blank and with all signatures guaranteed to the satisfaction of the Paying Agent.

• All Bonds to be purchased on the Replacement Tender Date or Expiration Tender Date shall be delivered to the Principal Office of the Paying Agent for receipt at or before 12:00 noon on such Replacement Tender Date or Expiration Tender Date.

• The Paying Agent shall draw on the Letter of Credit, for receipt by the Paying Agent by 3:00 p.m. on the Replacement Tender Date or Expiration Tender Date, an amount equal to the aggregate principal amount of all Bonds Outstanding, plus accrued but unpaid interest (other than Custody Bonds and Company Bonds) to the Replacement Tender Date or Expiration Tender Date, constituting the mandatory tender purchase price of such Bonds.

• At or before 4:00 p.m. on the Business Day immediately following the last day on which notices of elections to retain Bonds may be delivered to the Paying Agent pursuant to Section 4.3.C, the Paying Agent shall notify the Issuer, the Company, the Bank and the Remarketing Advisor by telephone, telegraph, telecopy, tested telex or other similar communication, of the principal amount of Bonds to be tendered for purchase on the Replacement Tender Date or Expiration Tender Date.

More Definitions of Expiration Tender Date

Expiration Tender Date means the Interest Payment Date immediately preceding the stated expiration date of the Letter of Credit.

Expiration Tender Date means the date seven (7) days prior to the date upon which the Liquidity Facility expires by its terms or is terminated following an Event of Default thereunder and is not replaced by an Alternate Liquidity Facility or, if such date is not a Business Day, the next succeeding Business Day. Events of Default under the Liquidity Facility include: (a) failure to pay amounts due under the Liquidity Facility; (b) certain actions by the State which would impair the power of the City and County to comply with its covenants and obligations under the documents related to the Bonds or any right or remedy of the Liquidity Provider or any owners of the Bonds to enforce such covenants and obligations; (c) failure of the City and County to observe or perform any covenant or agreement contained in the documents related to the Bonds or to maintain a Remarketing Agent performing the duties thereof contemplated by the Authorizing Certificate; (d) default under any of the documents related to the Bonds; (e) any representation, warranty, certification or statement made by the City and County (or incorporated by reference), in any document related to the bonds shall prove to have been incorrect in any material respect when made; (f) default by the City and County in the payment of principal of or premium, if any, or interest on any other general obligation bond of the City and County; (g) certain acts of bankruptcy of the City and County; (h) any material provision of the Liquidity Facility, the Bonds or any document related to the Bonds shall cease for any reason whatsoever to be a valid and binding agreement of the City and County or the City and County shall contest the validity or enforceability thereof; or (k) failure to pay when due any amount payable under the Bonds.