Examples of Mandatory Tender Event in a sentence
The Tender and Paying Agent shall have no duty to determine the occurrence or continuance of any event or events that constitute a Liquidity Provider Ratings Event, Mandatory Tender Event, Mandatory Purchase Event, Failed Remarketing Condition, Failed Remarketing Condition—Purchased VRDP Shares Redemption or Related Party Termination Event, or to determine whether any agreement satisfies the requirements of an Alternate VRDP Shares Purchase Agreement.
Promptly following the occurrence of a Mandatory Tender Event, and in any event within three (3) Business Days thereafter, the Fund, or the Tender and Paying Agent at the direction of the Fund (provided, that the Tender and Paying Agent may require up to two (2) Business Days prior notification by Electronic Means by the Fund), shall provide a Mandatory Tender Notice by Electronic Means to Holders, the Remarketing Agent and the Liquidity Provider, specifying a Purchase Date for all Outstanding VRDP Shares.
VRDP Shares are subject to Mandatory Tender upon the occurrence of a Mandatory Tender Event.
Upon the occurrence of a Mandatory Tender Event, all Outstanding VRDP Shares automatically shall be subject to Mandatory Tender and delivered to the Tender and Paying Agent for purchase on the designated Purchase Date by purchasers in the Remarketing in the event of a successful Remarketing or otherwise by the Liquidity Provider, including any VRDP Shares previously tendered pursuant to an Optional Tender for which the Purchase Date has not yet occurred.
A change of the Reset Rate Method will be a Mandatory Tender Event (however, you will have the Retention Right).
The Fund acknowledges and agrees that, in connection with the Mandatory Tender of the VRDP Shares upon the occurrence of the Mandatory Tender Event resulting from the delivery by the Fund of the Notice of Proposed Special Rate Period, dated March 28, 2014, BANA or an Affiliate thereof purchased all of the VRDP Shares subject to Remarketing pursuant to such Mandatory Tender directly in its individual capacity and not in its capacity as Liquidity Provider pursuant to the Purchase Obligation.
The amount of Class A CertiÑcates subject to Mandatory Tender upon occurrence of this Special Adjustment Event will equal the amount needed to satisfy the applicable provision of the Reimbursement Agreement.Holders of AÅected CertiÑcates and Pledged Class A CertiÑcates have no right to tender AÅected CertiÑcates or Pledged Class A CertiÑcates for purchase upon the occurrence of a Mandatory Tender Event.
Notice of Mandatory Tender If a Mandatory Tender Event occurs, Freddie Mac will provide notice to the Remarketing Agent and the Holders as described in the table above.
In November 2009, Compass sent ERA a letter advising that the Lease-Up Period Requirements were not met and that the Mandatory Tender Event had occurred.Based on the declaration of a Mandatory Tender Event, on approximately November 22, 2009, UMB as Trustee informed the bondholders that Compass had declared an event of default and that all bonds were subject to mandatory purchase pursuant to the parties’ agreements.
B-1APPENDIX C NOTIFICATION ADDRESSES..................................................................................C-1APPENDIX D AIR QUALITY INSPECTOR INFORMATION D-1APPENDIX E COMPLIANCE ASSURANCE MONITORING (CAM)..........................................