Examples of Remarketing Agreement in a sentence
To the extent Bonds are required to be purchased by the Bank under the Indenture pursuant to a Liquidity Drawing, such Bonds shall become Bank Bonds and shall bear interest at the Bank Rate for each day from and including the date such Bonds become Bank Bonds to, but not including, the date such Bonds are paid or repaid in full or are remarketed in accordance with the Indenture and the Remarketing Agreement.
If the Remarketing Agent fails to perform its duties under, and in accordance with the terms of, the Remarketing Agreement or if the Remarketing Agent fails to remarket Bank Bonds for thirty (30) consecutive calendar days, the District shall, at the written direction of the Bank, remove the Remarketing Agent.
Without limiting the preceding sentence, the District will not enter into any successor Remarketing Agreement without the prior written consent of the Bank, which consent shall not be unreasonably withheld, unless such successor Remarketing Agreement contains provisions that are substantially the same as those contained in, and affords protection to the rights and interests of the Bank that is substantially the same as that afforded by, the predecessor Remarketing Agreement.
Subject to the terms of the Remarketing Agreement, the Remarketing Agent may at any time resign and be discharged of the duties and obligations created by this Indenture by giving at least 30 days' notice of such resignation to the Issuer, the Borrower, the Investor Member, the General Partner and the Trustee.