Right to Retain Bonds Sample Clauses

Right to Retain Bonds. If a Purchased Bondholder notifies the Tender Agent and the Remarketing Agent by 4:00 p.m. on the Business Day preceding the Sale Date that it will not sell such Purchased Bonds, such Bonds shall no longer be Purchased Bonds as of the Sale Date, and the Tender Agent shall on the Sale Date give notice to such effect to the Bank and such Purchased Bondholder. Such election may be revoked in writing by the Purchased Bondholder at any time prior to 4:00 p.m. on the Business Day preceding the Sale Date.
Sample 1
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Right to Retain Bonds. If a Purchased Bondholder notifies the Trustee and the Remarketing Agent by 4:00 p.m. on the Business Day preceding the Sale Date that it will not sell such Purchased Bonds, such Bonds shall no longer be Purchased Bonds as of the Sale Date, and the Trustee, on the Sale Date shall give notice to such effect to the Remarketing Agent, the Commission, the Bank and such Purchased Bondholder. Such election may be revoked by the Purchased Bondholder at any time prior to 4:00 p.m. on the Business Day preceding the Sale Date. Notwithstanding anything to the contrary herein, in the event the Commission provides written notice to the Bank and to all, if any, other Purchased Bondholders that it has elected to purchase the Purchased Bonds in accordance with Section 15.13 of the Indenture, the Bank and all, if any, other Purchased Bondholders shall not have the right to retain Purchased Bonds in accordance with this Section. Prior to the sale (through the Remarketing Agent or otherwise) of any Bonds held by the Commission or an Affiliate of the Commission, the Commission shall provide to the Bank an opinion of nationally recognized bond counsel reasonably satisfactory to the Bank, to the effect that such action is permitted under the Indenture, and that such sale will not, in and of itself, adversely affect (i) the exclusion of interest on the Bonds from gross income for purposes of federal income taxation or (ii) the enforceability against the Commission of all its obligations on the Bonds pursuant to the Related Documents.
Sample 1
Right to Retain Bonds. If a Liquidity Provider Bondowner notifies the Trustee and the Remarketing Agent by [3:00] p.m. on the Business Day preceding the Sale Date that it will not sell such Liquidity Provider Bonds, such Bonds shall no longer be Liquidity Provider Bonds as of the Sale Date, and the Trustee shall on the Sale Date give notice to such effect to the Trustee, the Remarketing Agent, the Bank and such Liquidity Provider Bondowner. Such election may be revoked by the Liquidity Provider Bondowner at any time prior to [4:00] p.m. on the Business Day preceding the Sale Date.
Sample 1

Related to Right to Retain Bonds

  • Issuer Right to Redirect In the event that the Issuer determines in its sole discretion that any deduction or withholding for or on account of any Tax will be required by Applicable Law in connection with any payment due to any of the Agents on any Notes, then the Issuer will be entitled to redirect or reorganise any such payment in any way that it sees fit in order that the payment may be made without such deduction or withholding provided that, any such redirected or reorganised payment is made through a recognised institution of international standing and otherwise made in accordance with this Agreement and the Programme Manual. The Issuer will promptly notify the Agents and the Noteholders of any such redirection or reorganisation. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by Applicable Law for the purposes of this Clause 7.1.9.

  • Right to request (a) An employee entitled to parental leave may request the employer to allow the employee:

  • Right to Reject Notwithstanding Buyer’s rights pursuant to Sec. 8.5 and save other rights pursuant to this Order, Buyer may reject any goods within 2 months from the delivery if they are materially defective and in Buyer’s reasonable assessment do not allow a commercially reasonable use. In that case, no payments for these goods are due.

  • Right to Return A promoted employee shall have the right to return to his/her previous position provided that he/she notifies his/her Department Head and the Secretary of the Civil Service Board of his/her intention to do so within 60 calendar days of the date the employee commences work in the promoted position.

  • Right to Refuse Employees have the right to refuse to undergo drug and alcohol testing. If an employee refuses to undergo drug or alcohol testing requested or required by the Employer, no such test shall be given.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • Right to Review After receiving written notice of the denial of a claim, a claimant or his representative shall be entitled to:

  • OUR RIGHT TO RECOVER PAYMENT A. If we make a payment under this policy and the person to or for whom payment was made has a right to recover damages from another we shall be subrogated to that right. That person shall do:

  • Right to Regulate 1. Subject to the provisions of this Chapter, a Party may, on a non-discriminatory basis, adopt, maintain or enforce any measure that is in the public interest, including measures to meet health, safety or environmental concerns or reasonable measures for prudential purposes.

  • Right to Reject Investment In contrast, we have the right to reject your subscription for any reason or for no reason, in our sole discretion. If we reject your subscription, any money you have given us will be returned to you.

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