Required Exchange definition
Examples of Required Exchange in a sentence
If the Bonds can be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Administrator will sell the Bonds on the Terminating Mandatory Tender Date to the party that has committed, by the close of the Administrator’s business on the Business Day preceding the Terminating Mandatory Tender Date, to purchase the Bonds at the Commitment Price.
If the Bonds cannot be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Series Pool will be liquidated in accordance with the provisions of Section 13.03(c).
If the Affected Bonds cannot be sold for a price that is at least equal to the Taxability Termination Required Exchange Price, the Series Pool will be liquidated in part in accordance with the provisions of Section 13.04(c)(iii).
If the Bonds cannot be sold for a price that is at least equal to the Termination (Other than Taxability) Required Exchange Price, the Series Pool will be liquidated in accordance with the provisions of Section 13.04(b)(iii).
In the case of either a Liquidity Failure or a Tender Option Termination Event described in Section 7.01(a)(iii) hereof, if the Bonds can be sold for a price that is at least equal to the sum of the amounts specified in clauses (A) through (C) of the next subparagraph (the “Total Termination Required Exchange Price”), the Series Pool will be liquidated in accordance with the provisions of Section 13.04(b)(ii).
If the Assets can be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Administrator will sell the Assets on the Terminating Mandatory Tender Date to the party that has committed, by the close of the Administrator’s business on the Business Day preceding the Terminating Mandatory Tender Date, to purchase the Assets at the Commitment Price.
If the Assets can be sold for a price that is at least equal to the sum of the amounts specified in clauses (A) through (C) of the next subparagraph (the “Terminating Mandatory Tender Date Required Exchange Price”), the Series Pool will be liquidated in accordance with the provisions of the next subparagraph.
In the case of either a Liquidity Failure, Credit Failure or a Tender Option Termination Event described in Sections 7.01(a)(i) or 7.01(a)(iii) hereof, if the Bonds can be sold for a price that is at least equal to the sum of the amounts specified in clauses (A) through (C) of the next subparagraph (the “Total Termination Required Exchange Price”), the Series Pool will be liquidated in accordance with the provisions of Section 13.04(b)(ii).
If the Assets cannot be sold for a price that is at least equal to the Termination Required Exchange Price, the Series Pool will be liquidated in accordance with the provisions of Section 13.04(b)(iii).
If the Assets can be sold for a price that is at least equal to the sum of the amounts specified in clauses (A) through (C) of the next subparagraph (the “Termination Required Exchange Price”), the Series Pool will be liquidated in accordance with the provisions of the next subparagraph.