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 Owners of the Bonds, the Borrower does hereby covenant and agree to cause the necessary arrangements to be made and to be thereafter continued whereby, from time to time, the Bonds will be purchased from the owners thereof under the circumstances provided in Section 4.08 of the Indenture. In furtherance of the foregoing covenant of the Borrower, the Issuer, at the direction of the Borrower, has set forth in Section 4.08 of the Indenture the terms and conditions relating to such purchases and has set forth in Article XIV of 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. At the direction of the Borrower, Citigroup Global Markets Inc. has been designated as the initial Remarketing Agent and as the initial Tender Agent and the Borrower hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell and deliver Bonds in accordance with the provisions of Section 4.08 and Article XIV of the Indenture. Without limiting the generality of the foregoing covenant of the Borrower, and in consideration of the Issuer’s having set forth in the Indenture the aforesaid provisions of Section 4.08 and Article XIV thereof, the Borrower covenants, for the benefit of the Owners of the Bonds, to pay, or cause to be paid, to the Tender Agent such amounts as shall be necessary to enable the Tender Agent to pay the purchase price of Bonds, all as more particularly described in Section 4.08 and Article XIV of the Indenture.

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Owners of the Bonds, the Borrower does hereby covenant and agree to cause the necessary arrangements to be made and to be thereafter continued whereby, from time to time, the Bonds will be purchased from the owners thereof under the circumstances provided in Section 4.08 of the Indenture. In furtherance of the foregoing covenant of the Borrower, the Issuer, at the direction of the Borrower, has set forth in Section 4.08 of the Indenture the terms and conditions relating to such purchases and has set forth in Article VI and Article XIV of the Indenture the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds and in Article XIV of the Indenture the duties and responsibilities of the Remarketing Agent with respect to the remarketing of Bonds. At the direction of the Borrower, Citigroup Global Markets X.X. Xxxxxx Securities Inc. has been designated as the initial Remarketing Agent and Agent, the Trustee has been designated as the initial Tender Agent and the Borrower hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell and deliver Bonds in accordance with the provisions of Section 4.08 and Article XIV of the Indenture. Without limiting the generality of the foregoing covenant of the Borrower, and in consideration of the Issuer’s Issuer having set forth in the Indenture the aforesaid provisions of Section 4.08 and Article XIV thereof, the Borrower covenants, for the benefit of the Owners of the Bonds, to pay, or cause to be paid, to the Tender Agent such amounts as shall be necessary to enable the Tender Agent to pay the purchase price of Bonds, all as more particularly described in Section 4.08 and Article XIV of the Indenture.

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the Issuer, but for the benefit of the Owners of the Bonds, the Borrower does hereby covenant and agree to cause the necessary arrangements to be made and to be thereafter continued whereby, from time to time, the Bonds will be purchased from the owners thereof under the circumstances provided in Section 4.08 of the Indenture. In furtherance of the foregoing covenant of the Borrower, the Issuer, at the direction of the Borrower, has set forth in Section 4.08 of the Indenture the terms and conditions relating to such purchases and has set forth in Article VI and Article XIV of the Indenture the duties and responsibilities of the Tender Agent with respect to the purchase of Bonds and in Article XIV of the Indenture the duties and responsibilities of the Remarketing Agent with respect to the remarketing of Bonds. At the direction of the Borrower, Citigroup Global Markets J.P. Morgan Securities Inc. has been designated as the designaxxx xx xxx initial Remarketing Agent and Agent, the Trustee has been designated as the initial Tender Agent and the Borrower hereby authorizes and directs the Tender Agent and the Remarketing Agent to purchase, offer, sell and deliver Bonds in accordance with the provisions of Section 4.08 and Article XIV of the Indenture. Without limiting the generality of the foregoing covenant of the Borrower, and in consideration of the Issuer’s Issuer having set forth in the Indenture the aforesaid provisions of Section 4.08 and Article XIV thereof, the Borrower covenants, for the benefit of the Owners of the Bonds, to pay, or cause to be paid, to the Tender Agent such amounts as shall be necessary to enable the Tender Agent to pay the purchase price of Bonds, all as more particularly described in Section 4.08 and Article XIV of the Indenture.

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the IssuerCity, but for the benefit of the Owners of the Bonds, the Borrower Company does hereby covenant and agree to cause the necessary arrangements to be made and to be thereafter continued whereby, from time to time, the Bonds will be purchased from the owners thereof under the circumstances provided in Section 4.08 of the IndentureOrdinance. In furtherance of the foregoing covenant of the BorrowerCompany, the IssuerCity, at the direction of the BorrowerCompany, has set forth in Section 4.08 of the Indenture Ordinance the terms and conditions relating to such purchases and has set forth in Article XIV of the Indenture Ordinance 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. At the direction of the BorrowerCompany, Citigroup Global Markets Salomon Smith Barney Inc. has been designated as the initial Remarketing Agent and as the Remarketxxx Xxxxx xxx xx xxx initial Tender Agent and the Borrower 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 Section 4.08 and Article XIV of the IndentureOrdinance. Without limiting the generality of the foregoing covenant of the BorrowerCompany, and in consideration of the Issuer’s City's having set forth in the Indenture Ordinance the aforesaid provisions of Section 4.08 and Article XIV thereof, the Borrower Company covenants, for the benefit of the Owners of the Bonds, to pay, or cause to be paid, to the Tender Agent such amounts as shall be necessary to enable the Tender Agent to pay the purchase price of Bonds, all as more particularly described in Section 4.08 and Article XIV of the IndentureOrdinance.

Purchase of Bonds. (a) In consideration of the issuance of the Bonds by the IssuerCity, but for the benefit of the Owners of the Bonds, the Borrower Company does hereby covenant and agree to cause the necessary arrangements to be made and to be thereafter continued whereby, from time to time, the Bonds will be purchased from the owners Owners thereof under the circumstances provided in Section 4.08 of the IndentureOrdinance. In furtherance of the foregoing covenant of the BorrowerCompany, the IssuerCity, at the direction of the BorrowerCompany, has set forth in Section 4.08 of the Indenture Ordinance the terms and conditions relating to such purchases and has set forth in Article XIV of the Indenture Ordinance 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. At the direction of the BorrowerCompany, Citigroup Global Markets Inc. U.S. Bank Municipal Securities Group, a division of U.S. Bank National Association, has been designated as the initial Remarketing Agent and Union Bank as the initial Tender Agent and the Borrower 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 Section 4.08 and Article XIV of the IndentureOrdinance. Without limiting the generality of the foregoing covenant of the BorrowerCompany, and in consideration of the Issuer’s City's having set forth in the Indenture Ordinance the aforesaid provisions of Section 4.08 and Article XIV thereof, the Borrower Company covenants, for the benefit of the Owners of the Bonds, to pay, or cause to be paid, to the Tender Agent such amounts as shall be necessary to enable the Tender Agent to pay the purchase price of Bonds, all as more particularly described in Section 4.08 and Article XIV of the IndentureOrdinance.