Failed Settlement definition

Failed Settlement has the meaning given to such term in Section 3(f) of this Agreement.
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Failed Settlement means, with respect to any Notes for which a Call Option Exercise Notice has been given by or on behalf of the Issuer, moneys sufficient to pay the Redemption Price plus accrued interest of such Notes subject to redemption are not on deposit with the Issuing and Paying Agent by 12:30 p.m. on such designated Redemption Date.
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Failed Settlement means, with respect to any 2003 Bonds bearing interest at a Flexible Rate for which a Directed Mandatory Tender Exercise Notice has been given by or on behalf of the Agency, moneys sufficient to pay the mandatory tender purchase price of such 2003 Bonds bearing interest at a Flexible Rate are not on deposit with the Trustee by 12:30
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Examples of Failed Settlement in a sentence

  • This Agreement shall terminate upon the earliest to occur of (i) the completion of all of the releases, deliveries and disbursements provided for in Section 4 hereof, (ii) the return of all Closing Documents, funds and other documents in connection with a Failed Settlement in accordance with Section 3(g) of this Agreement or (iii) the mutual written agreement of the parties to this Agreement that this Agreement should be terminated.

  • Such Holder shall notify the Company as promptly as possible of the occurrence of the Failed Settlement.

  • Delivery of a Certificate of Adverse Change shall not result in a Failed Settlement, and Settlement shall otherwise occur as herein provided, including the delivery of the GSE Securities, the transfer of funds and the payment of all GSE Fees as contemplated herein.

  • Upon receipt of confirmation of the Failed Settlement from a Remarketing Agent, the Company shall purchase such Debentures for which an election is made as promptly as possible following the Failed Settlement.

  • In the event that a revised Settlement Statement is not agreed upon by such parties, delivery of the Settlement Statement pursuant to Section 3(a)(i) above will not have been satisfied and a Failed Settlement will be deemed to have occurred.

  • Upon receipt of confirmation of the Failed Settlement from the Remarketing Agent, the Company shall purchase such Securities for which an election is made as promptly as possible following the Failed Settlement.

  • If a Holder of Securities whose Securities were sold in a remarketing does not receive payment for such Securities (with respect to such Holder, a “Failed Settlement”), such Holder will have the right to require the Company to purchase for cash on the date of the Failed Settlement all or a portion of such Securities at the Remarketing Purchase Price.


More Definitions of Failed Settlement

Failed Settlement means, with respect to any Callable Commercial Paper Notes for which a Call Option Exercise Notice has been given by or on behalf of the Corporation, moneys sufficient to pay the Redemption Price of such Callable Commercial Paper Notes subject to redemption are not on deposit with the Issuing and Paying Agent by 12:30 P.M. (New York City time) on such designated Redemption Date.
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Failed Settlement has the meaning given to such term in Section 3(f) of this Agreement. “Global Escrow Agreement” means the Global Escrow Agreement to be entered into among ▇▇▇▇▇▇ Mae, ▇▇▇▇▇▇▇ Mac, the HFA Trustee and the Agent. “GSE Fees” mean, with respect to each GSE, the sum of (a) the Initial Securitization Fee owed to such GSE and (b) the other fees and expenses due to such GSE on the Settlement Date (which includes any fees owed to the GSE Special Closing Counsel) with respect to all of the GSE Securities being issued to the HFA on the Settlement Date. “GSE Securities” means the securities issued by each GSE in exchange for the Program Bonds. “GSE Special Closing Counsel” means the special counsel to the GSEs identified on Schedule A of the Placement Agreement.
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Failed Settlement means, with respect to any Bonds bearing interest at a Flexible Rate for which a Directed Mandatory Tender Exercise Notice has been given by or on behalf of
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Related to Failed Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.