Common use of Right to Sell Bonds Clause in Contracts

Right to Sell Bonds. The Corporation expressly reserves the right to sell, at any time to institutional investors, Provider Bonds purchased by it pursuant to this Agreement provided that any such purchaser, including any purchase by GE Capital pursuant to the terms of the GE Capital Agreement, acknowledges in writing that (i) its purchase pursuant to this Section 2.04(c) is subject to the provisions of Sections 2.04(a) and (b) hereof, (ii) the [Fitch rating,] [the Xxxxx'x rating] and [the Standard & Poor's rating] shall no longer be applicable and (iii) it shall not be entitled to the benefits of tender and purchase under Sections 2.01 and 2.02 of this Agreement or under the Authorizing Document.

Appears in 2 contracts

Samples: Bond Purchase Agreement (Fgic Securities Purchase Inc), Bond Purchase Agreement (Fgic Securities Purchase Inc)

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Right to Sell Bonds. The Corporation expressly reserves the right to sell, at any time to institutional investors, Provider Bonds purchased by it pursuant to this Agreement provided that any such purchaser, including any purchase by GE Capital pursuant to the terms of the GE Capital Agreement, acknowledges in writing that (i) its purchase pursuant to this Section 2.04(c) is subject to the provisions of Sections 2.04(a) and (b) hereof, (ii) [the [Fitch rating,] [the Xxxxx'x Moody's rating] and [the Standard & Poor's rating] shall no longer be applicable xxxxxxxble and (iii) it shall not be entitled to the benefits of tender and purchase under Sections 2.01 and 2.02 of this Agreement or under the Authorizing Document.

Appears in 1 contract

Samples: Bond Purchase Agreement (Fgic Securities Purchase Inc)

Right to Sell Bonds. The Corporation expressly reserves the right to sell, at any time to institutional investors, Provider Bonds purchased by it pursuant to this Agreement provided that any such purchaser, including any purchase by GE Capital pursuant to the terms of the GE Capital Agreement, acknowledges in writing that (i) its purchase pursuant to this Section 2.04(c) is subject to the provisions of Sections 2.04(a) and (b) hereof, (ii) [the [Fitch rating,] [the Xxxxx'x Moody's rating] and [the Standard & Poor's rating] shall no longer be applicable and (iii) it shall not be entitled to the benefits of tender and purchase under Sections 2.01 and 2.02 of this Agreement or under the Authorizing Document.

Appears in 1 contract

Samples: Bond Purchase Agreement (Fgic Securities Purchase Inc)

Right to Sell Bonds. The Corporation expressly reserves the right to sell, at any time to institutional investors, Provider Bonds purchased by it pursuant to this Agreement provided that any such purchaser, including any purchase by GE Capital pursuant to the terms of the GE Capital Agreement, acknowledges in writing that (i) its purchase pursuant to this Section 2.04(c) is subject to the provisions of Sections 2.04(a) and (b) hereof, (ii) the [Fitch rating,] [the Xxxxx'x rating] Moody's VMIG-1 9 rating and [the Standard & Poor's rating] AAA/A-1+ shall no longer be applicable and (iii) it shall not be entitled to the benefits of tender and purchase under Sections 2.01 and 2.02 of this Agreement or under the Authorizing DocumentAgreement.

Appears in 1 contract

Samples: Bond Purchase Agreement (Fgic Securities Purchase Inc)

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Right to Sell Bonds. The Corporation expressly reserves the right to sell, at any time to institutional investors, Provider Bonds purchased by it pursuant to this Agreement provided that any such purchaser, including any purchase by GE Capital pursuant to the terms of the GE Capital Agreement, acknowledges in writing that (i) its purchase pursuant to this Section 2.04(c) is subject to the provisions of Sections 2.04(a) and (b) hereof, (ii) the [Fitch rating,] [the Xxxxx'x rating] and [the Standard & PoorMoody's rating] VMIG-1 shall no longer be applicable and (iii) it shall not be entitled to the benefits of tender and purchase under Sections 2.01 and 2.02 of this Agreement or under the Authorizing DocumentAgreement.

Appears in 1 contract

Samples: Payment Agreement (Fgic Securities Purchase Inc)

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