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.
No Tendered Bond so purchased with moneys made available by the Bank shall cease to be Outstanding solely by reason of the purchase thereof.
The Trustee and Paying Agent shall not be liable to the Borrower or the former Holder of any Tendered Bond for any interest on monies held in the Tender Fund, and any such monies shall be held and applied as provided in Section 5.7 hereof.
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.
On or about September 16, 2008, a settlement was 8At the hearing, the Borough attorney noted that Councilwoman Glass recused herself in the matter because her daughter was going to testify as a witness to one of the alleged incidents of illegal wine sales.