Common use of Mandatory Tender Clause in Contracts

Mandatory Tender. If the Remarketing Dealer gives notice to the Company and the Trustee no earlier than 15 Business Days prior to the first Remarketing Date and not later than 4:00 p.m., New York City time, on the 10th Business Day prior to the first Remarketing Date, of its intention to purchase the ROARS for remarketing (the "Notification Date"), the ROARS shall be automatically tendered, or deemed tendered, to the Remarketing Dealer for purchase on such Remarketing Date, except in certain circumstances described in Section 3.

Mandatory Tender. If the Remarketing Dealer gives notice to the Company and the Trustee no earlier than 15 20 Business Days prior to the first Remarketing Date and not later than 4:00 p.m., New York City time, on the 10th 15th Business Day prior to the first Remarketing Date, of its intention to purchase the ROARS for remarketing on such Remarketing Date (the "Notification Date"), the ROARS shall be automatically tendered, or deemed tendered, to the Remarketing Dealer for purchase on such Remarketing Date, except in certain circumstances described in Section 3.