Examples of Tendered Bonds in a sentence
The Tender Agent shall hold in trust the Purchase Price of Constructively Tendered Bonds in the Freddie Mac Purchase Fund (i.e., the proceeds of draws on the applicable Freddie Mac Credit Enhancement Instrument issued with respect to such Constructively Tendered Bonds) for the benefit of Holders who have tendered Constructively Tendered Bonds for purchase in accordance herewith until such Holders present the actual Constructively Tendered Bonds as required by this Series Resolution.
The Tender Agent shall receive and hold in trust Constructively Tendered Bonds for the benefit of the former Holders thereof until the Purchase Price thereof is made available in the Freddie Mac Purchase Fund.
No monies held by the Tender Agent in the Freddie Mac Purchase Fund shall be considered monies of the Agency; no such monies shall be invested; and no Constructively Tendered Bonds purchased by the Tender Agent shall be deemed to have been purchased by, for or on behalf of the Agency.
The owners of Tendered Bonds shall receive on the Delivery Date 100% of the principal amount of the Tendered Bonds plus accrued interest to the Purchase Date, provided that if the Purchase Date is an Interest Payment Date, accrued interest shall be paid separately, and not as part of the Purchase Price on such date.
As soon as practicable after receiving notice of a tender of Bonds under this Section, the Paying Agent/Registrar shall notify the Remarketing Agent, the Board, and the Paying Agent/Registrar by telephone promptly confirmed in writing of the amount of Tendered Bonds and the specified Purchase Date.