Terminating Mandatory Tender Date definition

Terminating Mandatory Tender Date means a Mandatory Tender Date relating to a Mandatory Tender Event arising in connection with a Liquidity Provider Termination Event, a Clean-Up Event or, if applicable, following a Sponsor Act of Bankruptcy.
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Terminating Mandatory Tender Date shall have the meaning set forth in the Series Certificate Agreement.
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Terminating Mandatory Tender Date. ' means a Mandatory Tender Date relating to a Mandatory Tender Event arising in connection with a Liquidity Provider Termination Event, a Clean-Up Event or, if applicable, following a Sponsor Act of Bankruptcy.
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Examples of Terminating Mandatory Tender Date in a sentence

  • Any termination of the Series Certificate Agreement upon the occurrence of a Terminating Mandatory Tender Date will be effected as provided in Sections 13.01(b) and 13.03.

  • On the second Business Day immediately preceding the Terminating Mandatory Tender Date, the Administrator will solicit three bids to purchase the Bonds from Persons other than the Specified Parties and which customarily provide such bids, including but not limited to investment dealers and brokers that customarily deal in municipal bonds, determined for the Business Day immediately preceding the Terminating Mandatory Tender Date.

  • The term of this Agreement (the “Term”) shall continue in full force and effect, and Sponsor shall not be released from liability under this Agreement until the later of (a) the Terminating Mandatory Tender Date, (b) the date on which Xxxxxxx Mac has no further liability (accrued or contingent) under the Series Certificate Agreement and (c) the date on which Xxxxxxx Mac has been paid all amounts due it under this Agreement, under the other Sponsor Documents and otherwise with respect to the Obligations.

  • If directed in writing by Freddie Mac after a Termination Event or other event giving rise to a Terminating Mandatory Tender Date under Section 13.01 of each Series Certificate Agreement, the Pledge Custodian shall deliver Pledged Class A Certificates to the Administrator for cancellation in exchange for the underlying Bonds related thereto as soon as such underlying Bonds have been received by the Pledge Custodian from the Administrator pursuant to Section 13.03 of each Series Certificate Agreement.

  • The term of this Agreement (the “Term”) shall continue in full force and effect, and Sponsor shall not be released from liability under this Agreement until the later of (a) the Terminating Mandatory Tender Date, (b) the date on which Freddie Mac has no further liability (accrued or contingent) under any Series Certificate Agreement and (c) the date on which Freddie Mac has been paid all amounts due it under this Agreement, under the other Sponsor Documents and otherwise with respect to the Obligations.

  • If the Bonds can be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Administrator will sell the Bonds on the Terminating Mandatory Tender Date to the party that has committed, by the close of the Administrator’s business on the Business Day preceding the Terminating Mandatory Tender Date, to purchase the Bonds at the Commitment Price.

  • The term of this Agreement (the “Term”) shall continue in full force and effect, and Sponsor shall not be released from liability under this Agreement until the later of (a) the Terminating Mandatory Tender Date, (b) the date on which Fxxxxxx Mac has no further liability (accrued or contingent) under the Series Certificate Agreement and (c) the date on which Fxxxxxx Mac has been paid all amounts due it under this Agreement, under the other Sponsor Documents and otherwise with respect to the Obligations.

  • If the Bonds cannot be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Series Pool will be liquidated in accordance with the provisions of Section 13.03(c).

  • The Administrator will give written notice to the Registered Holders of the pending termination of the obligations and responsibilities of Fxxxxxx Mac, the Sponsor, the Remarketing Agent and the Administrator under the Series Certificate Agreement on a Terminating Mandatory Tender Date together with the notice of Mandatory Tender provided in Article VI.

  • No Purchased Xxxx held hereunder that relates to a Series Certificate Agreement that has been terminated in connection with a Terminating Mandatory Tender Date shall be released by the Pledge Custodian (absent prior written direction from Freddie Mac) until the Pledge Custodian has received written notice from Freddie Mac that all Obligations under this Agreement have been satisfied and this Agreement has been terminated.


More Definitions of Terminating Mandatory Tender Date

Terminating Mandatory Tender Date means a Mandatory Tender Date relating to a Mandatory Tender Event arising in connection with a Liquidity Provider Termination Event (if applicable), a Credit Provider Termination Event (if applicable), a Clean-Up Event or, following a Sponsor Act of Bankruptcy (if applicable) or, if Fxxxxxx Mac does not provide the Purchase Price on such Mandatory Tender Date but provides the Purchase Price on or before the third Business Day after such Mandatory Tender Date then such date the Purchase Price is provided by Fxxxxxx Mac.
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Terminating Mandatory Tender Date means a Mandatory Tender Date relating to a Mandatory Tender Event arising in connection with a Liquidity Provider Termination Event (if applicable), a Credit Provider Termination Event (if applicable), a FLO Failed Remarketing Event (if applicable), a Clean-Up Event or, following a Sponsor Act of Bankruptcy (if applicable) or, if Freddie Mac does not provide the Purchase Price on such Mandatory Tender Date but provides the Purchase Price on or before the third Business Day after such Mandatory Tender Date then such date the Purchase Price is provided by Freddie Mac.
Sample 1
Terminating Mandatory Tender Date. ' means a Mandatory Tender Date relating to a Mandatory Tender Kvent arising in connection with a Liquidity Provider Termination Kvent, a Clean-Up Kvent or, if applicable, following a Sponsor Act of Bankruptcy.
Sample 1

Related to Terminating Mandatory Tender Date

  • Mandatory Tender Date means any date on which a Multi-Modal Bond is subject to mandatory tender in accordance with the Certificate.

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Mandatory Tender with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing, or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to Section 2 of Part II of the Articles Supplementary and the VRDP Shares Purchase Agreement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • Lease Termination Date means the last day of the Lease Term.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Accrual Termination Date Not applicable.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Accretion Termination Date As defined in the Series Supplement.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Tender Date means each Optional Tender Date or Mandatory Tender Date.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.