Optional Tender. Each owner of any ----------- --------------- --------------- Bond may demand that its Bond be purchased by the Tender Agent, in whole (or in part in an Authorized Denomination), on any Business Day at a purchase price equal to the principal amount thereof plus accrued interest, if any, to the Purchase Date as provided below. To effect such a purchase, the Bondholder must (i) deliver to the Tender Agent at its principal office a written irrevocable notice, which will be effective upon receipt, which states the name and address of the registered owner, the principal amount of such Bond (and the portion thereof to be tendered, if less than the full principal amount is to be tendered) and the Bond number, and states the date on which such Bond shall be purchased, which date shall be a Business Day at least seven days following the date of delivery of such notice to the Tender Agent, and (ii) deliver to the Tender Agent at its principal office by 10:30 a.m., Baltimore time on the Purchase Date (A) the Bonds being tendered, and (B) an instrument of transfer in form satisfactory to the Tender Agent, executed in blank by the owner thereof with the signature of a member of a signature guarantee program approved by the Securities Transfer Association (currently MSP, STAMP and SEMP). If the Bonds are held in a Book Entry System, the right to optionally tender Bonds may be exercised by a Beneficial Owner. Such right shall be exercised by delivery by the Beneficial Owner to the Remarketing Agent of the notice described in the preceding paragraph stating that such Beneficial Owner will cause its beneficial interest (or portion thereof in an Authorized Denomination) to be tendered, the amount of such interest to be tendered, the date on which such interest will be tendered (which date shall be a Business Day at least seven days after delivery of such notice to the Remarketing Agent) and the identity of the Participant through which the Beneficial Owner maintains its interest. Upon delivery of such notice, the Beneficial Owner must make arrangements to have its beneficial ownership interest in the Bonds being tendered transferred to the Remarketing Agent at or prior to 10:00 a.m., Baltimore time, on the Purchase Date.
Optional Tender upon tender (or constructive tender pursuant to Section 4.12D of the Bond Indenture), for purchase of such Bonds or portions thereof at the option of such Person on any Business Day for such Bonds in accordance with Section 4.06 of the Bond Indenture, if notice of such tender shall have been given to the Tender Agent and the Remarketing Agent for such Bonds in strict compliance with the provisions of Section 4.06 of the Bond Indenture, and
Optional Tender. Section 4.01. Optional Tender in Daily, Weekly, Monthly and Term Mode.
Optional Tender. (a) The Holder of any Bond shall have the right to tender such Bond to the Trustee or Tender Agent for purchase in whole or in part (if in part, only in an Authorized Denomination) on any Business Day during any Variable Rate Period, but not during any Fixed Rate Period, at a purchase price equal to 100% of the principal amount of Bonds (or portions thereof) tendered plus accrued interest to the specified purchase date. In order to exercise such option with respect to any Bond, the Holder thereof must deliver notice thereof to the Trustee, as provided below in this Section, at the Principal Office of the Trustee at least 7 days prior to the proposed Optional Tender Date.
Optional Tender. 21 SECTION 3.05
Optional Tender. (a) The Holder of any Note shall have the right to tender such Note to the Trustee or Tender Agent for purchase in whole or in part (if in part, only in an Authorized Denomination) on any Business Day during any Variable Rate Period, but not during any Fixed Rate Period, at a purchase price equal to 100% of the principal amount of Notes (or portions thereof) tendered plus accrued interest to the specified purchase date. In order to exercise such option with respect to any Note, the Holder thereof must deliver notice thereof to the Trustee, as provided below in this Section, at its Designated Office at least 7 days prior to the proposed Optional Tender Date.
Optional Tender. Except as set forth in the Modal Agreement, during any Daily Rate Period or Weekly Rate Period, the Owners of the Series 2014_ Bonds shall have the right to tender any such Series 2014_ Bond (or portion thereof in an Authorized Denomination, provided that any Series 2014_ Bond or portion thereof remaining is also in an Authorized Denomination) for purchase on any Optional Tender Date, but only upon:
Optional Tender not Pre-empted. The Bonds or Beneficial Interests in the Bonds that have been tendered for purchase and would otherwise be subject to remarketing on the Tender Date shall not have been called for redemption or mandatory tender pursuant to the Indenture unless the remarketing of such Bonds or Beneficial Interests would be permitted under Article IV of the Indenture.
Optional Tender. Beneficial Owners of Variable Rate Bonds bearing interest at a Daily Rate, Weekly Rate or Monthly Rate of each Series may elect to have their 2010 Bonds, or portions thereof in amounts equal to Authorized Denominations (so long as any untendered portion is also an Authorized Denomination), purchased at a purchase price equal to the principal amount of such 2010 Bonds (or portions thereof), plus accrued interest, if any, payable in immediately available funds on the following purchase dates and upon the giving of the following telephonic notice, confirmed in writing, or written notices meeting the further requirements of subsection (b) below:
Optional Tender. (a) The Bondholder shall have the option to tender the Bond for purchase in whole on April 25, 1999. If not exercised, the Bondholder's right of optional tender shall be extended as follows. Unless the Bondholder notifies the Issuer and the Company to the contrary in writing prior to February 1 of any year, the optional tender date shall be automatically extended for an additional year, with no further action required of the Bondholder, the Issuer or the Company. The optional tender date may not be extended in this automatic manner beyond the date 5 years from the date of the Advance under this Amended and Restated Financing Agreement unless the Bondholder, at its sole option, reinstates the automatic renewal provision for an additional 5 years by giving written notice to that effect. The automatic optional tender extension provision may similarly operate into the future, with the Bondholder's affirmative written reinstatement being necessary to continue the automatic renewal feature for successive 5 year periods.
