Common use of Mandatory Tender on Remarketing Date; Purchase and Settlement Clause in Contracts

Mandatory Tender on Remarketing Date; Purchase and Settlement. (a) On a Business Day not later than five Business Days prior to the Remarketing Date (the "Notification Date"), the Remarketing Dealer will notify the Operating Partnership and the Trustee as to whether it elects to purchase all of the outstanding Drs. on the Remarketing Date. If, and only if, the Remarketing Dealer so elects, the Drs. shall be subject to mandatory tender to the Remarketing Dealer for purchase and remarketing on the Remarketing Date, upon the terms and subject to the conditions described herein and in the Remarketing Agreement. The purchase price of the Drs. shall be equal to 100% of the principal amount thereof. No holder or beneficial owner of the Drs. shall have any rights or claims under the Remarketing Agreement or against the Operating Partnership or the Remarketing Dealer as a result of the Remarketing Dealer not purchasing such Drs.

Appears in 2 contracts

Samples: First Industrial Lp, First Industrial Lp

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Mandatory Tender on Remarketing Date; Purchase and Settlement. (a) On a Business Day not later than five Business Days prior to the Remarketing Date (the "Notification DateNOTIFICATION DATE"), the Remarketing Dealer will notify the Operating Partnership Company and the Trustee as to whether it elects to purchase all (but not less than all) of the outstanding Drs. on the Remarketing Date. If, and only if, the Remarketing Dealer so elects, the Drs. shall be subject to mandatory tender to the Remarketing Dealer for purchase and remarketing on the Remarketing Date, upon the terms and subject to the conditions described herein and in the Remarketing Agreement. The purchase price of the Drs. shall be equal to 100% of the principal amount thereof. No holder or beneficial owner of the Drs. any Securities shall have any rights or claims under the Remarketing Agreement or against the Operating Partnership Company or the Remarketing Dealer as a result of the Remarketing Dealer not purchasing such DrsSecurities.

Appears in 1 contract

Samples: Rite Aid Corp

Mandatory Tender on Remarketing Date; Purchase and Settlement. (a) On a Business Day not later than five Business Days prior to the Remarketing Date (the "Notification Date"), the Remarketing Dealer will notify the Operating Partnership Company and the Trustee as to whether it elects to purchase all (but not less than all) of the outstanding Drs. on the Remarketing Date. If, and only if, the Remarketing Dealer so elects, the Drs. shall be subject to mandatory tender to the Remarketing Dealer for purchase and remarketing on the Remarketing Date, upon the terms and subject to the conditions described herein and in the Remarketing Agreement. The purchase price of the Drs. shall be equal to 100% of the principal amount thereof. No holder or beneficial owner of the Drs. any Securities shall have any rights or claims under the Remarketing Agreement or against the Operating Partnership Company or the Remarketing Dealer as a result of the Remarketing Dealer not purchasing such DrsSecurities.

Appears in 1 contract

Samples: First Industrial Lp

Mandatory Tender on Remarketing Date; Purchase and Settlement. (a) On a Business Day not later than five Business Days prior to the Remarketing Date (the "Notification Date"), the Remarketing Dealer will notify the Operating Partnership Company and the Trustee as to whether it elects to purchase all of the outstanding Drs. on the Remarketing Date. If, and only if, the Remarketing Dealer so elects, the Drs. shall be subject to mandatory tender to the Remarketing Dealer for purchase and remarketing on the Remarketing Date, upon the terms and subject to the conditions described herein and in the Remarketing Agreement. The purchase price of the Drs. shall be equal to 100% of the principal amount thereof. No holder or beneficial owner of the Drs. shall have any rights or claims under the Remarketing Agreement or against the Operating Partnership Company or the Remarketing Dealer as a result of the Remarketing Dealer not purchasing such Drs.

Appears in 1 contract

Samples: Trinet Corporate Realty Trust Inc

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Mandatory Tender on Remarketing Date; Purchase and Settlement. (a) On a Business Day not later than five ten Business Days prior to the Remarketing Date (the "Notification Date"), the Remarketing Dealer will notify the Operating Partnership Company and the Trustee as to whether it elects to purchase all (but not less than all) of the outstanding Drs. on the Remarketing Date. If, and only if, the Remarketing Dealer so elects, the Drs. shall be subject to mandatory tender to the Remarketing Dealer for purchase and remarketing on the Remarketing Date, upon the terms and subject to the conditions described herein and in the Remarketing Agreement. The purchase price of the Drs. shall be equal to 100% of the principal amount thereof. No holder or beneficial owner of the Drs. any Securities shall have any rights or claims under the Remarketing Agreement or against the Operating Partnership Company or the Remarketing Dealer as a result of the Remarketing Dealer not purchasing such DrsSecurities.

Appears in 1 contract

Samples: Tyco International LTD /Ber/

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