Failed Remarketing has the meaning specified in Section 5.4(b)(ii).
Failed Remarketing means, with respect to any reset date for a class of reset rate notes, the situation where: • the remarketing agent, in consultation with the administrator, cannot establish one or more of the terms required to be set on the Remarketing Terms Determination Date, • the remarketing agent is unable to establish the related Spread or fixed rate on the Spread Determination Date, • the remarketing agent is unable to remarket some or all of the tendered reset rate notes at the Spread or fixed rate established on the Spread Determination Date, or committed purchasers default on their purchase obligations, and the remarketing agent, in its sole discretion, elects not to purchase the applicable reset rate notes themselves, • the remarketing agent, in consultation with the administrator, is unable to obtain one or more swap agreements meeting the required criteria, if applicable, • certain conditions specified in the remarketing agreement are not satisfied, or • any applicable Rating Agency Condition has not been satisfied.
Failed Remarketing means a Final Remarketing that is not Successful.
Examples of Failed Remarketing in a sentence
Notwithstanding the foregoing, the Parties recognize and agree that the pricing specified in Section 5.3 shall apply to any Gas deliveries made by Seller following a Failed Remarketing under the Prepaid Agreement.
More Definitions of Failed Remarketing
Failed Remarketing has the meaning specified in Section 5.4(b).
Failed Remarketing means, as applicable, a Failed Optional Remarketing or a Failed Final Remarketing.
Failed Remarketing means a Failed Initial Remarketing or a Failed Final Remarketing.
Failed Remarketing has the meaning set forth in the Purchase Contract and Pledge Agreement.
Failed Remarketing shall have the meaning set forth in Section 5.4(b) of the Purchase Contract Agreement.
Failed Remarketing has the meaning specified in the Officer’s Certificate.