Examples of Reference Corporate Dealers in a sentence
If fewer than five Reference Corporate Dealers bid as described above, then the Applicable Spread shall be the lowest of such bid indications obtained as described above.
The Class A Remarketing Agent shall request that Bids be received from such Reference Corporate Dealers and all other bidders by 3:00 p.m., New York City time, on the Business Day immediately preceding the relevant Class A Mandatory Remarketing Date.
If fewer than five Reference Corporate Dealers bid as described above, then the Applicable Spread shall be the lowest of such bids obtained as described above.
If two or more Reference Corporate Dealers provide the lowest Bid, the Remarketing Dealer shall sell such series of ROARS to such of those Reference Corporate Dealers as it determines in its sole discretion.
If on a Reset Date, Bids are not submitted by at least two Reference Corporate Dealers, or if the lowest Bid submitted would result in a Winning Bid Rate in excess of the rate permitted by applicable law, such Remarketing shall be deemed to be a Failed Remarketing on the corresponding Remarketing Settlement Date.