Examples of Notice of No Issuance in a sentence
The Notice of No-Issuance may be delivered by telecopy, by e-mail or by messenger, and may also be given by telephone, but if delivered by telephone shall be promptly confirmed in writing, provided that the failure to confirm such Notice of No-Issuance promptly in writing shall not render any telephonic notice ineffective or invalid in any respect.
The Bank will furnish a copy of any Notice of No-Issuance to the Dealer(s) promptly following delivery thereof to the City and the Issuing and Paying Agent, but the failure to furnish any such copy shall not render ineffective such Notice of No-Issuance.
Upon receipt of such Notice of No-Issuance, the City shall not issue and the Issuing and Paying Agent shall not authenticate any Commercial Paper Note, in each case unless and until such Notice of No-Issuance is rescinded by the Bank.
The Bank may deliver a Notice of No-Issuance to the Issuing and Paying Agent and to the City directing the City not to cause to be issued and the Issuing and Paying Agent not to authenticate any Commercial Paper Note at any time that the Bank shall have determined that any condition to the issuance of any Commercial Paper Note has not been satisfied.
The Bank agrees that if, after the delivery of a Notice of No-Issuance, the Bank determines that the conditions to the issuance of any Commercial Paper Note have been satisfied and the Bank has received a notice from an Authorized Representative to such effect, then the Bank shall promptly deliver a notice (a copy of which shall be delivered by the Bank to the City and each Dealer) to the Issuing and Paying Agent, rescinding such Notice of No-Issuance.
Any such Notice of No-Issuance received after 10:00 a.m. on any day on which Commercial Paper Notes are being issued, shall be deemed to have been received on the next following Business Day.