Standby Purchase Agreement definition

Standby Purchase Agreement. The Notes shall have the benefit of the Standby Purchase Agreement in the manner provided in Article 3 of this Fifth Supplemental Indenture.

Standby Purchase Agreement has the meaning set forth in the Recitals hereto.

Standby Purchase Agreement means an agreement by and between the I-Bank and another person, pursuant to which such person is obligated to purchase an Option Bond tendered for purchase and not remarketed to another purchaser.

Examples of Standby Purchase Agreement in a sentence

• The Trustee is hereby authorized and directed to execute and deliver the Standby Purchase Agreement and to perform all of its duties and obligations thereunder.

• The obligations of the Standby Purchaser under the Amended and Restated Standby Purchase Agreement will constitute the general unsecured and unsubordinated obligations of the Standby Purchaser and will rank pari passu in priority of payment and in right of seniority with all other unsecured and unsubordinated obligations of the Standby Purchaser that are not, by their terms, expressly subordinated in right of payment to the rights of the Trustee, except for statutory liens and preferences.

• In the event the Authorized Share Increase Proposal (Proposal No. 6), the Rights Offering Proposal (Proposal No. 7), and the Standby Purchase Agreement Proposal (Proposal No. 8) are approved by the requisite stockholder vote, our board of directors, other than Messrs.

• Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the Standby Purchase Agreement.

• Effective upon the closing of the transactions contemplated by the Standby Purchase Agreement, the Advisory Board shall be established to provide general policy advice to the Board.

More Definitions of Standby Purchase Agreement

Standby Purchase Agreement shall have the meaning assigned to such term in the recitals.

Standby Purchase Agreement shall have the meaning set forth in the first “WHEREAS” clause.

Standby Purchase Agreement means an agreement by and between the Authority and another person or by and among the Authority, the City and another person, pursuant to which such person is obligated to purchase an Option Bond tendered for purchase;

Standby Purchase Agreement has the meaning set forth in Section 3.14.

Standby Purchase Agreement means the standby stock purchase agreement entered into by the Company, Vericity and the Standby Purchaser pursuant to which the Standby Purchaser has agreed to purchase any shares not subscribed for in the Subscription Offering up to the Minimum of the Valuation Range, and may purchase additional shares up to 51% of the shares sold in the Offerings, provided that no shares in excess of the Maximum of the Valuation Range may be sold in the Offerings.

Standby Purchase Agreement means the Standby Purchase Agreement dated as of July 16, 2007, by and among the Corporation and the Investors, as amended, supplemented or otherwise modified from time to time.

Standby Purchase Agreement means the Standby Purchase Agreement of even date herewith between State Auto Financial and the Borrower, as the same shall be modified and supplemented and in effect from time to time.