Examples of Tendered Bond in a sentence
Failure by the Tender Agent to redeliver a Notice of Election to Tender Bonds or a Tendered Bond as provided in Section 303 hereof shall not extend the period for making elections, in any way change the rights of the Owners of Bonds to elect to have their Bonds purchased pursuant to this Section or in any way change the conditions which must be satisfied in order for such election to be effective or for payment of the purchase price to be made after an effective election.
For the payment of the Purchase Price, on or before 11:00 a.m. New York, New York time on the Business Day next preceding each Tender Date, the Trustee shall draw pursuant to the Credit an amount sufficient to pay such Purchase Price and, if the Tender Date is not a scheduled Interest Payment Date, interest accrued on such Tendered Bond to the Tender Date.
This approach was consistent with a 2006 guidance document 43 in which the EPA stated that pollutant-specific screening can be appropriate where a state is relying on a BART alternative to address both NOX and SO2 BART.
In connection with the tender of any Bonds hereunder, it shall be the duty of the Paying Agent to hold the monies received by it pursuant to Section 2.21 in accordance with the provisions of this Section, without liability for interest thereon, for the benefit of the former Holder of any Tendered Bond, who shall thereafter be restricted exclusively to such monies for any claim of whatever nature on its part under this Indenture on, or with respect to, such Tendered Bond.
If any Tendered Bond is not remarketed on any Tender Date and a sufficient amount is not available in the Bond Purchase Fund for the purpose of paying the purchase price of such Bond, the Borrower will cause to be paid to the Trustee pursuant to the Credit Facility or otherwise pay by the applicable times provided in the Indenture, an amount equal to the principal amount of all Bonds tendered and not remarketed, together with interest accrued to the Tender Date.