Common use of Sale of Bonds by Remarketing Agent Clause in Contracts

Sale of Bonds by Remarketing Agent. (a) On each Purchase Date, the Remarketing Agent shall offer for sale and use its best efforts to sell, as agent of the Company, all Bonds tendered or deemed tendered for purchase on such Purchase Date at the Purchase Price thereof and, if such Bonds are not sold on such date, the Remarketing Agent shall continue, for a period not in excess of thirty (30) days thereafter, to use its best efforts to sell such Bonds.

Appears in 3 contracts

Samples: A Loan Agreement (Vermont Pure Holdings LTD), Trust Indenture (Central Sprinkler Corp), Nutrition Management Services Co/Pa

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Sale of Bonds by Remarketing Agent. (a) On each Purchase Date, the Remarketing Agent shall offer for sale and use its best efforts to sell, as agent of the CompanyBorrower, all Bonds tendered or deemed tendered for purchase on such Purchase Date at the Purchase Price thereof and, if such Bonds are not sold on such date, the Remarketing Agent shall continue, for a period not in excess of thirty (30) days thereafter, to use its best efforts to sell such Bonds. Notwithstanding the foregoing, the Remarketing Agent shall not sell the Bonds to the Authority or the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Lannett Co Inc)

Sale of Bonds by Remarketing Agent. (a) On each Purchase Date, the Remarketing Agent shall offer for sale and use its best efforts to sell, as agent of the Company, all Bonds tendered or deemed tendered for purchase on such Purchase Date at the Purchase Price thereof and, if such Bonds are not sold on such date, the Remarketing Agent shall continue, for a period not in excess of thirty (30) days thereafter, to use its best efforts to sell such Bonds. In no event shall the Bonds be remarketed to the Company or any affiliates of the Company.

Appears in 1 contract

Samples: Trust Indenture (Piercing Pagoda Inc)

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Sale of Bonds by Remarketing Agent. (a) On each Purchase Date, the Remarketing Agent shall offer for sale and use its best efforts to sell, as agent of the Company, all Bonds tendered or deemed tendered for purchase on such Purchase Date at the Purchase Price thereof and, if such Bonds are not sold on such date, the Remarketing Agent shall continue, for a period not in excess of thirty (30) days thereafter, to use its best efforts to sell such Bonds. Notwithstanding the foregoing, the Remarketing Agent shall not sell the Bonds to the Authority or the Company.

Appears in 1 contract

Samples: Loan Agreement (Gateway Trade Center Inc.)

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