Common use of Failed Remarketing Clause in Contracts

Failed Remarketing. (a) If, by 4:00 p.m. (New York City time) on any Remarketing Date, the Remarketing Agent is unable to remarket all of the Remarketed Notes at the Remarketing Price or the Final Remarketing Price, as the case may be, pursuant to the terms and conditions of the Remarketing Agreement, a Failed Remarketing shall be deemed to have occurred, and the Remarketing Agent shall advise, by telephone, the Depositary, the Purchase Contract Agent and the Company, and return the Remarketed Notes to the Collateral Agent or the Custodial Agent, as the case may be.

Appears in 2 contracts

Samples: Phoenix Companies Inc/De, Phoenix Companies Inc/De

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Failed Remarketing. (a) If, by 4:00 p.m. (New York City time) on any Remarketing Date, the Remarketing Agent is unable to remarket all of the Remarketed Senior Notes at the Remarketing Price or the Final Remarketing Price, as the case may be, pursuant to the terms and conditions of the Remarketing Agreementhereof, a Failed Remarketing shall be deemed to have occurred, and the Remarketing Agent shall advise, by telephone, telephone the Depositary, the Purchase Contract Agent and the Company, and return the Remarketed Senior Notes to the Collateral Agent or the Custodial Agent, as the case may be.

Appears in 1 contract

Samples: Hartford Financial Services Group Inc/De

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Failed Remarketing. (a) If, by 4:00 p.m. (New York City time) on any the Remarketing Date, the Remarketing Agent is unable to remarket all of the Remarketed Notes at the Remarketing Price or the Final Remarketing Price, as the case may be, pursuant to the terms and conditions of the Remarketing Agreement, a Failed Remarketing shall be deemed to have occurred, and the Remarketing Agent shall advise, by telephone, the Depositary, the Purchase Contract Agent and the Company, and return the any Remarketed Notes that may be held to it to the Collateral Agent or the Custodial Agent, as the case may be.

Appears in 1 contract

Samples: Supplemental Indenture (Teekay Shipping Corp)

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