Failed Remarketing definition

Failed Remarketing has the meaning specified in Section 5.4(b)(ii).

Failed Remarketing means, with respect to any reset date for a class of reset rate notes, the situation where: • the remarketing agent, in consultation with the administrator, cannot establish one or more of the terms required to be set on the Remarketing Terms Determination Date, • the remarketing agent is unable to establish the related Spread or fixed rate on the Spread Determination Date, • the remarketing agent is unable to remarket some or all of the tendered reset rate notes at the Spread or fixed rate established on the Spread Determination Date, or committed purchasers default on their purchase obligations, and the remarketing agent, in its sole discretion, elects not to purchase the applicable reset rate notes themselves, • the remarketing agent, in consultation with the administrator, is unable to obtain one or more swap agreements meeting the required criteria, if applicable, • certain conditions specified in the remarketing agreement are not satisfied, or • any applicable Rating Agency Condition has not been satisfied.

Failed Remarketing means, as applicable, a Failed Optional Remarketing or a Failed Final Remarketing.

Examples of Failed Remarketing in a sentence

• In the event of a Failed Remarketing, Notes which are in physical form should be delivered to the person(s) set forth below and mailed to the address set forth below.

• The six-month holding period for Purchased VRDP Shares acquired and continuously held as a result of a continuing Failed Remarketing Condition—Purchased VRDP Shares will be determined by the Fund on a first-in, first-out basis.

• In the event of a Failed Remarketing Condition, the Fund will require in the Tender and Paying Agent Agreement that the Tender and Paying Agent will notify the Fund and Holders by telephone or Electronic Means, or by first class mail, postage prepaid, in the case in which VRDP Shares are in physical form, of such Failed Remarketing Condition.

• In the event of [a/the Last] Failed Remarketing, Notes which are in physical form should be delivered to the person(s) set forth below and mailed to the address set forth below.

• Upon the occurrence of a Failed Remarketing, any such Extension Period shall terminate, and interest shall become payable in cash on the next Interest Payment Date.

More Definitions of Failed Remarketing

Failed Remarketing means a Final Remarketing that is not Successful.

Failed Remarketing shall have the meaning set forth in Section 5.4(b) of the Purchase Contract Agreement.

Failed Remarketing has the meaning set forth in Section 5.4(b).

Failed Remarketing means, on any Reset Date for the Reset Rate Notes, the situation where:

Failed Remarketing has the meaning specified in the Officer’s Certificate.

Failed Remarketing has the meaning set forth in the Purchase Contract and Pledge Agreement.

Failed Remarketing has the meaning specified in the Indenture Supplement.