Sufficient Bids definition

Sufficient Bids has the meaning set forth in Section 2.02(a)(iii)(A) of this Appendix A.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Sufficient Bids has the meaning set forth in Section 2.5.1 (c)(i) hereof.

Sufficient Bids shall have the meaning ascribed to such term in Section 4(c)(i) hereof.

Examples of Sufficient Bids in a sentence

Adjustment in Paragraph 1 shall take place only if (a) the Indenture Trustee and the Auction Agent receive, by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Issuer, as required by the Indenture authorizing the change in length of one or more Auction Periods and (b) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
Paragraph 1 shall take place only if (a) the Indenture Trustee and the Auction Agent receive, by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Issuer, as required by the Indenture authorizing the change in length of one or more Auction Periods and (b) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
Adjustment in Paragraph 1 shall take place only if (a) the Indenture Trustee and the Auction Agent receive, by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Issuer, as required by the Indenture authorizing the change in length of one or more Auction Periods; and (b) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
If the Auction Agent has not received Sufficient Bids (other than because all of the Outstanding Series [ ] Notes are subject to Submitted Hold Orders), the Applicable Interest Rate will be the Maximum Rate.
Adjustment in Paragraph 1 shall take place only if (a) the Trustee and the Auction Agent receive, by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Issuer, as required by the Indenture authorizing the change in length of one or more Auction Periods and (b) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
Adjustment in Paragraph 1 shall take place only if (A) the Trustee and the Auction Agent receive, by 11:00 a.m., New York City time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Market Agent, as required by the First Supplemental Indenture authorizing the change in length of one or more Auction Periods and (B) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
If the Auction Agent has not received Sufficient Bids (other than because all of the Outstanding Auction Rate Series 1997-1 Notes are subject to Submitted Hold Orders), the Auction Rate Series 1997-1 Note Interest Rate will be (1) in the case of a series of Tax Exempt Auction Rate Series 1997-1 Notes, the Maximum Auction Rate, or (2) in the case of a series of Taxable Auction Rate Series 1997-1 Notes, the lesser of the Maximum Auction Rate and the Net Loan Rate.
Adjustment in Paragraph 1 shall take place only if (A) the Trustee and the Auction Agent receive by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Market Agent as required by the Third Terms Supplement authorizing the change in length of one or more Auction Periods and (B) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
If the Auction Agent has not received Sufficient Bids (other than because all of the Outstanding Series 1999-1 Notes are subject to Submitted Hold Orders), the Series 1999-1 Note Auction Rate will be the lesser of the Maximum Auction Rate and the Net Loan Rate.
If there are not Sufficient Bids for the first Auction Period, the Auction Rate for the next Auction Period shall be the Maximum Rate, and the Auction Period shall be a seven-day Auction Period.

More Definitions of Sufficient Bids

Sufficient Bids has the meaning set forth in Section 2.1.1(c)(i) hereof. ---------------

Sufficient Bids has the meaning set forth in Section 2.02(a)(iii)(A) of this APPENDIX A-2.

Sufficient Bids shall have the meaning ascribed to such term in Section 4(c)(i) hereof. "Tax Exempt Auction Rate Series 1997-1 Notes" shall mean the Series 1997-1A Notes, the Series 1997-1B Notes, the Series 1997-1C Notes, the Series 1997-1D Notes and the Series 1997-1E Notes.

Sufficient Bids has the meaning set forth in Section 2.1.1(c)(i) hereof. --------------- General Provisions. ------------------ The Class II A-2 Certificates shall bear interest at the Class II A-2 Pass- Through Rate. For each Interest Accrual Period, interest at the Class II A-2 Pass-Through Rate shall accrue daily and shall be computed for the actual number of days elapsed on the basis of a year consisting of 360 days. Notwithstanding the foregoing: if the ownership of the Class II A-2 Certificates is no longer maintained in Book-Entry Form, the Class II A-2 Pass-Through Rate for any Interest Accrual Period commencing after the delivery of certificates representing such Certificates shall equal the lesser of (i) the Maximum Auction Rate and (ii) the Net Weighted Average Contract Rate of the Group II Contracts on the Business Day immediately preceding the first day of such subsequent Interest Accrual Period; or for each Interest Accrual Period commencing after the occurrence and during the continuance of an Insurer Default and for any Interest Accrual Period less than two Business Days after the cure of any Insurer Default, the Class II A-2 Pass-Through Rate for any such period shall equal the lesser of (i) the Maximum Auction Rate and (ii) the Net Weighted Average Contract Rate of the Group II Contracts on the Business Day immediately preceding the first day of such subsequent Interest Accrual Period. The Auction Agent shall promptly give written notice to the Trustee and the Depository of the Class II A-2 Pass-Through Rate and either the Auction Rate or the Net Weighted Average Contract Rate of the Group II Contracts, as the case may be, when such rate is not the Class II A-2 Pass-Through Rate. The Trustee shall notify the Certificateholders of the Class II A-2 Pass-Through Rate applicable to the Class II A-2 Certificates for each Interest Accrual Period on the second Business Day of such Interest Accrual Period. Notwithstanding any other provision of the Class II A-2 Certificates or the Pooling and Servicing Agreement, interest payable on the Class II A-2 Certificates for an Interest Accrual Period shall never exceed for such Interest Accrual Period the amount of interest payable at the Net Weighted Average Contract Rate of the Group II Contracts in effect for such Interest Accrual Period. If the Auction Rate is greater than the Net Weighted Average Contract Rate of the Group II Contracts, then the Class II A-2 Pass-Through Rate for that Interest Accrual Period will b...

Sufficient Bids shall have the meaning ascribed to such term in Section 2.02(a)(iii)(A)(2) of this Annex 1. "Winning Bid Rate" shall have the meaning ascribed to such term in Section 2.02(a)(iii)(A)(3) of this Annex 1.

Sufficient Bids shall have the meaning ascribed to such term in Section 2.02(a)(iii)(A)(2) of this Annex I.