Common use of Changes in Auction Date Clause in Contracts

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the Issuer, the Broker-Dealers and the Securities Depository.

Appears in 2 contracts

Samples: Loan and Trust Agreement (National Grid PLC), Loan and Trust Agreement (National Grid PLC)

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Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Company, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Rate Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the Issuer, the Bond Insurer, the Company, the Broker-Dealers and the Securities Depository.

Appears in 2 contracts

Samples: Indenture of Trust (Southwest Gas Corp), Indenture of Trust (Southwest Gas Corp)

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Company, may specify an earlier Auction Date for the Bonds (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the IssuerCompany, the Broker-Dealers and the Securities Depository.

Appears in 1 contract

Samples: Loan and Trust Agreement (Northeast Utilities System)

Changes in Auction Date. During any Auction Rate PeriodMode, the Auction Agent, with the written consent of the Borrower may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Borrower, the Trustee, the IssuerAuthority, the Broker-Dealers and the Securities Depository.. <PAGE> B-17 ARTICLE III

Appears in 1 contract

Samples: Master Loan and Trust Agreement (Pennichuck Corp)

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Borrower, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Rate Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the Issuer, the Bond Insurer, the Borrower, the Broker-Dealers and the Securities Depository.

Appears in 1 contract

Samples: Indenture of Trust (Southwest Gas Corp)

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Company, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Rate Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the Issuer, the Bond Insurer, the Company, the Broker-Dealers and the Securities Depository.. D-17

Appears in 1 contract

Samples: Indenture of Trust (Southwest Gas Corp)

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with at the written consent direction of the Borrower may Company, shall specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent Company shall provide notice of its determination to specify an earlier Auction Date for an Auction Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the IssuerAuthority, the Auction Agent, the Broker-Dealers and the Securities Depository.

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

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Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Company, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Rate Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the Issuer, the Bond Insurer, the Company, the Broker-Dealers and the Securities Depository.. ARTICLE III

Appears in 1 contract

Samples: Southwest Gas Corp

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Company, may specify an earlier Auction Date for the Bonds (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" Date in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the IssuerCompany, the Broker-Dealers and the Securities Depository.

Appears in 1 contract

Samples: Loan and Trust Agreement (Northeast Utilities System)

Changes in Auction Date. During any Auction Rate Period, the Auction Agent, with the written consent of the Borrower Authority and the Company, may specify an earlier Auction Date for Bonds (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on the such Bonds. The Auction Agent shall provide notice of its determination to specify an earlier Auction Date for an Auction Period by means of a written notice delivered at least 45 days prior to the proposed changed Auction Date to the Trustee, the IssuerAuthority, the Company, the Bond Insurer, the Broker-Dealers and the Securities Depository.

Appears in 1 contract

Samples: Amending and Supplementing the Indenture (Keyspan Corp)

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