Examples of Remarketing Reset Date in a sentence
Major escapement is defined as the escape, within a 24-hour period, of 10 percent of the fish from a single ap- proved aquaculture system (e.g., one cage or one net pen) or 5 percent or more of the fish from all approved aquaculture systems combined, or the escape, within any 30-day period, of 10 percent or more of the fish from all ap- proved aquaculture systems combined.
If a Failed Remarketing occurs on any Remarketing Reset Date, each Holder of Securities will have the right to require the Company to purchase all or a portion of its Securities on such Remarketing Reset Date for cash.
Each Holder of Securities by purchasing such Securities agrees to have such Securities remarketed on any Remarketing Reset Date (unless such Holder elects not to participate in the remarketing) and authorizes the Remarketing Agent to take any and all action on its behalf necessary to effect the remarketing.
The Company shall purchase such Securities at a purchase price equal to 100% of the Accreted Principal Amount thereof as of the applicable Remarketing Reset Date, plus accrued Contingent Accretion, if any, and accrued and unpaid interest, if any, to, but excluding such Remarketing Reset Date as provided in the Indenture.
If the Remarketing Agents are not able to obtain bids from at least three independent nationally recognized securities dealers on the Remarketing Reset Date, the Reset Yield shall be 3.55175%.
The relative benefits received by the Company on the one hand and each Remarketing Agent on the other hand in connection with the remarketing of the Debentures pursuant to this Agreement shall be deemed to be in the same respective proportions as (i) the aggregate accreted principal amount of the Debentures, and (ii) the fee received by such Remarketing Agent in connection with the remarketing of the Debentures in connection with the Remarketing Reset Date.
The relative benefits received by the Company on the one hand and each Remarketing Agent on the other hand in connection with the remarketing of the Debentures pursuant to this Agreement shall be deemed to be in the same respective proportions as (i) the aggregate principal amount of the Debentures, and (ii) the fee received by such Remarketing Agent in connection with the remarketing of the Debentures tendered on the Remarketing Reset Date.
Following the occurrence of a Remarketing Reset Event, each Holder, whether or not such Holder elected to withhold its Securities from a remarketing on any prior Remarketing Reset Date, may elect not to participate in a remarketing by notice (a "Notice to Opt Out of Remarketing") to the Paying Agent on or prior to the Business Day prior to the applicable Remarketing Reset Date (the "Opt Out Date").
The Company shall purchase such Securities at a purchase price (the "Remarketing Purchase Price") equal to 100% of the Accreted Principal Amount (including accrued Contingent Accretion, if any) thereof as of the applicable Remarketing Reset Date, plus accrued and unpaid interest (including Liquidated Damages, if any) to, but excluding such Remarketing Reset Date.
If the Remarketing Agents are not able to obtain bids from at least three independent nationally recognized securities dealers on the Remarketing Reset Date, the Reset Yield shall be the regular interest rate in effect for the Debentures immediately prior to the Remarketing Reset Date.