Mandatory Purchase definition

Mandatory Purchase means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in connection with a Mandatory Purchase Event.

Mandatory Purchase means the mandatory purchase of Outstanding shares of a Series of VRDP Shares by the Liquidity Provider pursuant to the VRDP Shares Purchase Agreement in connection with a Mandatory Purchase Event.

Mandatory Purchase means the same as that term is defined in the Indenture.

Examples of Mandatory Purchase in a sentence

• The use of any funds provided for acquisition or construction in identified areas shall be subject to the Mandatory Purchase of Flood Insurance requirements of section 102(a) of said act.

• The Bank’s failure to so respond to (1) a requested extension of the Mandatory Purchase Date shall constitute the Bank’s denial of such request or (2) a notification of intent to convert the Interest Rate Mode shall constitute the Bank’s rejection of a purchase or provision of credit or liquidity by the Bank in the case of the described conversion.

• The notice shall state the Mandatory Purchase Date, the Purchase Price and that interest on 2020A-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date.

• The Authority shall pay all other Required Payments as and when required hereunder and under the other Related Documents and, if not previously paid, shall pay all Required Payments due and owing on the first to occur of any Mandatory Purchase Date or Amortization End Date.

• At any time not earlier than one hundred fifty (150) days prior to the Mandatory Purchase Date and provided no Event of Default has occurred and is continuing, the Agency may by written notice to the Bank request that the Mandatory Purchase Date and the term of this Agreement be extended, on terms and conditions to be mutually agreed to by the Agency and the Bank.

More Definitions of Mandatory Purchase

Mandatory Purchase means the purchase of Listed Shares pursuant to Section 2.

Mandatory Purchase means, with respect to a Series, any purchase of Bonds of such Series required by Section 306 or a Supplemental Indenture to occur on a Mandatory Tender Date.

Mandatory Purchase means the mandatory purchase of all or a portion of the Eligible Bonds pursuant to Section 5.2 of the Indenture, at a price equal to the principal amount thereof plus, if the date of Mandatory Purchase is other than an Interest Payment Date for such Bonds, accrued interest thereon.

Mandatory Purchase shall have the meaning set forth in Section 2.1(a) hereof.

Mandatory Purchase has the meaning specified in Section 10.03(a).

Mandatory Purchase means a purchase of Notes required by Section 9.8 hereof. Mandatory Purchases include any purchase required because of a change in the Interest Rate to a new Bank Rate.

Mandatory Purchase means the mandatory purchase of Outstanding LEARS by the Liquidity Provider pursuant to the LEARS Purchase Agreement in connection with a Mandatory Purchase Event.