Common use of Conversion Dates Clause in Contracts

Conversion Dates. At least 30 days prior to any Conversion Date, the Trustee shall give to each Registered Holder of a Commercial Paper Rate Bond to be converted to a Daily Rate, Fixed Rate or Weekly Rate Bond notice in the manner provided in the Indenture stating the applicable Conversion Date and that if there has been irrevocably deposited in trust with the Tender Agent an amount of money to pay the Purchase Price of all Untendered Bonds, such Holders will be deemed to have tendered such Commercial Paper Rate Bonds for purchase on the Conversion Date.

Appears in 1 contract

Sources: Trust Indenture and Security Agreement (Fortress Transportation & Infrastructure Investors LLC)

Conversion Dates. At least 30 days prior to any Conversion Date, the Trustee shall give to each Registered Holder of a Commercial Paper the Daily Rate Bond Bonds to be converted to a Daily Fixed Rate, Fixed Weekly Rate or Weekly Commercial Paper Rate Bond notice in the manner provided in the Indenture stating the applicable Conversion Date and that if there has been irrevocably deposited in trust with the Tender Agent an amount of money to pay the Purchase Price of all Untendered Bonds, such Holders will be deemed to have tendered such Commercial Paper Daily Rate Bonds for purchase on the Conversion Date.

Appears in 1 contract

Sources: Trust Indenture and Security Agreement (Fortress Transportation & Infrastructure Investors LLC)

Conversion Dates. At least 30 days prior to any Conversion Date, the Trustee shall give to each Registered Holder of a Commercial Paper Weekly Rate Bond to be converted to a Daily Fixed Rate, Fixed Daily Rate or Weekly Commercial Paper Rate Bond notice in the manner provided in the Indenture stating the applicable Conversion Date and that if there has been irrevocably deposited in trust with the Tender Agent an amount of money to pay the Purchase Price of all Untendered Bonds, such Holders will be deemed to have tendered such Commercial Paper Weekly Rate Bonds for purchase on the Conversion Date.

Appears in 1 contract

Sources: Trust Indenture and Security Agreement (Fortress Transportation & Infrastructure Investors LLC)