Examples of Tendered Bonds in a sentence
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.
The purchase of Tendered Bonds shall not extinguish the debt represented by such Bonds that shall remain outstanding and unpaid under this Resolution.
The Paying Agent/Registrar shall accept all Tendered Bonds properly delivered to it for purchase as provided in the FORMS OF BONDS set forth in Exhibit A hereto and in this subsection (3).
Such refunding may be accomplished through the purchase and cancellation of the Potential Refunded Bonds actually tendered by the holders thereof and purchased (the "Tendered Bonds").