Examples of Expiration Tender Date in a sentence
Notwithstanding a mandatory tender pursuant to this Section, the Owners of any Bonds in respect of which the Letter of Credit will be replaced or expire may elect to retain their Bonds by delivering to the Paying Agent at its Principal Office, for receipt not later than 5:00 p.m., on a Business Day which is not fewer than fifteen (15) days prior to the Replacement Tender Date or the Expiration Tender Date, a written notice of such election.
On the Replacement Tender Date or Expiration Tender Date the Paying Agent shall pay the purchase price of the Bonds to the selling Owners thereof at its Principal Office upon surrender to the Paying Agent of such Bonds properly endorsed for transfer in blank and with all signatures guaranteed to the satisfaction of the Paying Agent.
All Bonds to be purchased on the Replacement Tender Date or Expiration Tender Date shall be delivered to the Principal Office of the Paying Agent for receipt at or before 12:00 noon on such Replacement Tender Date or Expiration Tender Date.
The Paying Agent shall draw on the Letter of Credit, for receipt by the Paying Agent by 3:00 p.m. on the Replacement Tender Date or Expiration Tender Date, an amount equal to the aggregate principal amount of all Bonds Outstanding, plus accrued but unpaid interest (other than Custody Bonds and Company Bonds) to the Replacement Tender Date or Expiration Tender Date, constituting the mandatory tender purchase price of such Bonds.
At or before 4:00 p.m. on the Business Day immediately following the last day on which notices of elections to retain Bonds may be delivered to the Paying Agent pursuant to Section 4.3.C, the Paying Agent shall notify the Issuer, the Company, the Bank and the Remarketing Advisor by telephone, telegraph, telecopy, tested telex or other similar communication, of the principal amount of Bonds to be tendered for purchase on the Replacement Tender Date or Expiration Tender Date.