Mandatory Tender Purchase Price definition

Mandatory Tender Purchase Price means an amount equal to 100% of the principal amount of the Bonds subject to mandatory tender for purchase on the Mandatory Tender Date and accrued interest thereon, if applicable.

Mandatory Tender Purchase Price means an amount equal to 100% of the principal amount of the Bonds subject to mandatory tender for purchase on the Mandatory Tender Date.

Mandatory Tender Purchase Price means an amount equal to (a) the Underlying Enhanced Receipt Balance, plus (b) accrued interest on the Underlying Enhanced Receipt Balance at the Certificate Rate to, but not including, the Mandatory Tender Date.

Examples of Mandatory Tender Purchase Price in a sentence

• In the event the Obligor and the Bondholders fail to document in writing their agreement of the proposed terms of the succeeding Interest Period(s), the Obligor shall continue to be required to repurchase the Bonds on the Mandatory Purchase Date at the Mandatory Tender Purchase Price.

• In the event the Authority and the Purchaser fail to document in writing their agreement of the proposed rate(s) and terms of the succeeding period(s), the Authority shall remain obligated to repurchase the Bonds on the Mandatory Tender Date at a purchase price equal to the Mandatory Tender Purchase Price.

• If the Mandatory Tender Purchase Price is not paid to the Purchaser on the Mandatory Indexed Term Put Date, it shall constitute an Event of Default hereunder and the Corporation shall pay or cause to be paid to the Purchaser interest on the unpaid principal amount of the Unremarketed Bonds from the Mandatory Indexed Term Put Date until the date all Unremarketed Bonds are paid in full at a rate per annum equal to the Default Rate, payable on demand.

• The Trustee shall (i) deposit the Mandatory Tender Purchase Price in the Distribution Account to be held until the next following Certificate Distribution Date and (ii) notify the Administrator that the Mandatory Tender has occurred.

• If the Mandatory Tender Purchase Price is not paid to the Purchaser on the Special Mandatory Tender Date, then the Commonwealth shall pay interest on the unpaid principal amount of such unremarketed Bonds from the Special Mandatory Tender Date until the date all such unremarketed Bonds are paid in full at a rate per annum equal to the Default Rate.

• In the event the County and the Purchaser fail to document in writing their agreement of the proposed rate(s) and terms of the succeeding period(s), and the conditions precedent to the Purchaser agreeing to hold Unremarketed Bonds bearing interest at the Purchaser Rate set forth in Section 4.01(b) hereof are not satisfied, the County shall continue to be required to repurchase the Series 2014D Bonds or Series 2018 Bonds for the Mandatory Tender Purchase Price on the Mandatory Purchase Date.

• In the event the Purchaser has not received the Mandatory Tender Purchase Price on the Mandatory Indexed Term Put Date, the Corporation shall cause the Unremarketed Bonds to be redeemed on the Mandatory Indexed Term Put Date.

More Definitions of Mandatory Tender Purchase Price

Mandatory Tender Purchase Price means an amount equal to 100% of the principal amount of the 2012A Bonds subject to mandatory tender for purchase on the Mandatory Tender Date and accrued interest thereon, if applicable.

Mandatory Tender Purchase Price has the meaning set forth in the Second Supplemental Subordinate Indenture.

Mandatory Tender Purchase Price means an amount equal to 100% of the principal amount of the Bonds subject to mandatory tender for purchase on the Initial Scheduled Index Rate Expiration Date and accrued interest thereon, if applicable, plus amounts, if any, payable pursuant to Sections 3.08 and 3.09 hereof.

Mandatory Tender Purchase Price means, with respect to the Series 2015-C Bonds, an amount equal to 100% of the principal amount of the Series 2015-C Bonds subject to mandatory tender for purchase on the Mandatory Tender Date, plus accrued interest thereon, if applicable.