Common use of Purchase of Bonds Clause in Contracts

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holders, the Company has agreed, and does hereby covenant, to cause the necessary arrangements to be made and to be thereafter continued whereby the Holders from time to time may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request of the Company, has set forth in the Bonds the terms and conditions relating to the delivery of Bonds by the Holders thereof for purchase, has set forth in the Indenture the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing Agent. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell and deliver Bonds in accordance with the provisions of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company covenants, for the benefit of the Holders, to provide for arrangements to pay, or cause to be paid, such amounts as shall be necessary to effect the payment of the Purchase Price of Bonds delivered for purchase, all as more particularly described in the Indenture.

Appears in 4 contracts

Samples: Loan Agreement (Culp Inc), Loan Agreement (Culp Inc), Loan Agreement (Sleepmaster LLC)

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Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holders, the The Company has agreed, and does hereby covenant, to shall cause the necessary arrangements to be made and to be thereafter continued whereby the Holders owners from time to time of the Bonds may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request direction of the Company, has set forth in Article IV of the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders registered holders thereof to the Remarketing Agent for purchase, purchase and has set forth in the Indenture or the Remarketing Agreement the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the purchase and remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing AgentBonds. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell sell, and deliver Bonds in accordance with the provisions of Article IV of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company covenants, for the benefit of the Holdersowners of the Bonds, to provide for arrangements to pay, or cause to be paid, to the Trustee such amounts as shall be necessary to effect enable the payment of Paying Agent to pay the Purchase Price of the Bonds delivered to it for purchase or deemed delivered for purchase, all as more particularly described described, in the Indenture; provided, however, that the obligation of the Company to make, or cause to be made, any such payment hereunder shall be satisfied only, in order of priority, first, by funds received by the Paying Agent from the remarketing of the Bonds by the Remarketing Agent, second, in the event sufficient funds are not available from such remarketing, from draws upon the Credit Facility, if any, and third, from funds provided by the Company.

Appears in 2 contracts

Samples: Loan Agreement (Cleco Power LLC), Loan Agreement (Cleco Corp)

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holders, the The Company has agreed, and does hereby covenant, to shall cause the necessary arrangements to be made and to be thereafter continued whereby the Holders owners from time to time of the Bonds may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request direction of the Company, has set forth in Article V of the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders registered holders thereof to the Remarketing Agent for purchase, purchase and has set forth in the Indenture or the Remarketing Agreement the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the purchase and remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing AgentBonds. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell sell, and deliver Bonds in accordance with the provisions of Article V of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company covenants, for the benefit of the Holdersowners of the Bonds, to provide for arrangements to pay, or cause to be paid, to the Trustee such amounts as shall be necessary to effect enable the payment of Paying Agent to pay the Purchase Price of the Bonds delivered to it for purchase or deemed delivered for purchase, all as more particularly described described, in the Indenture; provided, however, that the obligation of the Company to make, or cause to be made, any such payment hereunder shall be satisfied only, in order of priority, first, by funds received by the Paying Agent from the remarketing of the Bonds by the Remarketing Agent, second, in the event sufficient funds are not available from such remarketing, from draws upon the Credit Facility, if any, and third, from funds provided by the Company.

Appears in 2 contracts

Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Power LLC)

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holders, the Company has agreed, and does hereby covenant, to cause the necessary arrangements to be made and to be thereafter continued whereby the Holders from time to time may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request of the Company, has set forth in the Bonds the terms and conditions relating to the delivery of Bonds by the Holders thereof for purchase, has set forth in the Indenture the duties and responsibilities of the Tender Remarketing Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing Agent. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell and deliver Bonds in accordance with the provisions of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company covenants, for the benefit of the Holders, to provide for arrangements to pay, or cause to be paid, such amounts as shall be necessary to effect the payment of the Purchase Price of Bonds delivered for purchase, all as more particularly described in the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (Bovie Medical Corp), Loan Agreement (Open Plan Systems Inc)

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holders, the The Company has agreed, and does hereby covenant, to shall cause the necessary arrangements to be made and to be thereafter continued whereby the Holders from time to time owners of the Bonds may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request direction of the Company, has set forth in Article IV of the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders registered holders thereof to the Remarketing Agent for purchase, purchase and has set forth in the Indenture or the Remarketing Agreement the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the purchase and remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing AgentBonds. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell sell, and deliver Bonds in accordance with the provisions of Article IV of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company covenants, for the benefit of the Holdersowners of the Bonds, to provide for arrangements to pay, or cause to be paid, to the Trustee such amounts as shall be necessary to effect enable the payment of Paying Agent to pay the Purchase Price of the Bonds delivered to it for purchase or deemed delivered for purchase, all as more particularly described described, in the Indenture; provided, however, that the obligation of the Company to make, or cause to be made, any such payment hereunder shall be satisfied only, in order of priority, first, by funds received by the Paying Agent from the remarketing of the Bonds by the Remarketing Agent, second, in the event sufficient funds are not available from such remarketing, from draws upon the Credit Facility, if any, and third, from funds provided by the Company.

Appears in 1 contract

Samples: Loan Agreement (Cleco Corp)

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holdersowners of the Bonds, the Company has agreed, and does hereby covenant, to cause the necessary arrangements to be made and to be thereafter continued whereby the Holders owners from time to time of the Bonds may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request direction of the Company, has set forth in Section 2.10 of the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders registered holders thereof to the Remarketing Agent for purchase, purchase and has set forth in the Indenture or the Remarketing Agreement the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the purchase and remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing AgentBonds. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell sell, and deliver Bonds in accordance with the provisions of Section 2.10 of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration Company or the other provisions of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisionsthis Article V, the Company covenants, for the benefit of the Holdersowners of the Bonds, to provide for arrangements to pay, or cause to be paid, to the Trustee such amounts as shall be necessary to effect enable the payment of Trustee to pay the Purchase Price of the Bonds delivered to it for purchase or deemed delivered for purchase, all as more particularly described in the Indenture; provided, however, that the obligation of the Company to make, or cause to be made, any such payment hereunder shall be satisfied only by funds received by the Trustee or the Paying Agent from the remarketing of the Bonds by the Remarketing Agent or, in the event sufficient funds are not available from such remarketing, from the Company.

Appears in 1 contract

Samples: Installment Payment Agreement (Central Power & Light Co /Tx/)

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Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holdersowners of the Bonds, the Company has agreed, and does hereby covenant, to cause the necessary arrangements to be made and to be thereafter continued whereby the Holders owners from time to time of the Bonds may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the Company, the Issuer, at the request direction of the Company, has set forth in Section 2.10 of the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders registered holders thereof to the Remarketing Agent for purchase, purchase and has set forth in the Indenture or the Remarketing Agreement the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the purchase and remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing AgentBonds. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell sell, and deliver Bonds in accordance with the provisions of Section 2.10 of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration Company or the other provisions of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisionsthis Article V, the Company covenants, for the benefit of the Holdersowners of the Bonds, to provide for arrangements to pay, or cause to be paid, to the Trustee such amounts as shall be necessary to effect enable the payment of Trustee to pay the Purchase Price of the Bonds delivered to it for purchase or deemed delivered for purchase, all as more particularly described in the Indenture; provided, however, that the obligation of the Company to make, or cause to be made, any such payment hereunder shall be reduced to the extent that funds are received by the Trustee or the Paying Agent from the remarketing of the Bonds by the Remarketing Agent or, in the event sufficient funds are not available from such remarketing, from a draw on the Letter of Credit or, in the event sufficient funds are not available from such sources, from the Company.

Appears in 1 contract

Samples: Payment Agreement (Central Power & Light Co /Tx/)

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holders, the Company Lessee has agreed, and does hereby covenant, to cause the necessary arrangements to be made and to be thereafter continued whereby the Holders from time to time may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchased. In furtherance of the foregoing covenant of the CompanyLessee, the Issuer, at the request of the CompanyLessee, has set forth in the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders thereof for purchase, has set forth in the Indenture the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing Agent. The Company Lessee hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell and deliver Bonds in accordance with the provisions of the Indenture. Without limiting the generality of the foregoing covenant of the CompanyLessee, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company Lessee, covenants, for the benefit of the Holders, to provide for arrangements to pay, or cause to be paid, such amounts as shall be necessary to effect the payment of the Purchase Price of Bonds delivered for purchase, all as more particularly described in the Indenture.

Appears in 1 contract

Samples: Lease Agreement (Abrams Industries Inc)

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Holdersowners of the Bonds, the Company has agreed, and does hereby covenant, to cause the necessary arrangements to be made and to be thereafter continued whereby the Holders owners from time to time of the Bonds may deliver, or may be required to deliver Bonds for purchase and whereby such Bonds shall be so purchasedpurchased to the extent, and under the terms and conditions, set forth in the Indenture. In furtherance of the foregoing covenant of the Company, the Issuer, at the request direction of the Company, has set forth in Section 2.06(b) of the Bonds Indenture the terms and conditions relating to the delivery of Bonds by the Holders registered holders thereof to the Remarketing Agent for purchase, purchase and has set forth in the Indenture and the Remarketing Agreement the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds, and of the Remarketing Agent with respect to the purchase and remarketing of Bonds and has therein provided for the appointment of the Tender Agent and Remarketing AgentBonds. The Company hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell sell, and deliver Bonds in accordance with the provisions of Section 2.06(b) of the Indenture. Without limiting the generality of the foregoing covenant of the Company, and in consideration of the Issuer's having set forth in the Bonds and the Indenture the aforesaid provisions, the Company covenants, for the benefit of the Holdersowners of the Bonds, to provide for arrangements to pay, or cause to be paid, to the Trustee such amounts as shall be necessary to effect enable the payment of Trustee to pay the Purchase Price of the Bonds (as a component of the Loan Payments) delivered to it for purchase or deemed delivered for purchase, all as more particularly described described, at the direction of the Company, in the IndentureIndenture to be deposited in the Bond Purchase Fund for the benefit of tendered Bondholders; provided, however, that the obligation of the Company to make, or cause to be made, any such payment hereunder shall be satisfied only by funds received by the Trustee from the remarketing of the Bonds by the Remarketing Agent or, in the event sufficient funds are not available from such remarketing, from draws upon the Credit Facility, from the Company.

Appears in 1 contract

Samples: Loan Agreement (Stratagene Corp)

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