Mandatory Purchase Date definition

Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.
Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase determined in accordance with the Statement of Preferences and this Agreement.

Examples of Mandatory Purchase Date in a sentence

  • Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2024 Series C-2 Bonds shall be immediately returned to the Liquidity Facility Provider.

  • If 2024 Series C-2 Bonds to be purchased are not delivered by the Owners to the Remarketing Agent or the Paying Agent, as applicable, by 4:00 p.m., New York City time, on the Purchase Date or the Mandatory Purchase Date, as the case may be, the Paying Agent shall hold any funds received for the purchase of those Bonds in trust in a separate account and shall pay such funds to the former Owners of such Bonds upon presentation of such Bonds.

  • If sufficient funds are not available for the purchase of all 2024 Series C-2 Bonds tendered or deemed tendered and required to be purchased on any Purchase Date or Mandatory Purchase Date, all such 2024 Series C-2 Bonds shall bear interest at the applicable Alternate Rate from the date of such failed purchase until all such 2024 Series C-2 Bonds are purchased as required in accordance with this Series Indenture, and all tendered 2024 Series C-2 Bonds shall be returned to their respective Owners.

  • The notice shall state the Mandatory Purchase Date, the Purchase Price and that interest on 2024 Series C-2 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date.

  • The proceeds of the sale by the Remarketing Agent of any 2024 Series C-2 Bonds shall be delivered to the Paying Agent for deposit into the Remarketing Proceeds Account of the Bond Purchase Fund not later than 10:00 a.m., New York City time (11:30 a.m. New York City time with respect to 2024 Series C-2 Bonds in the Daily Mode), on such Purchase Date or Mandatory Purchase Date.


More Definitions of Mandatory Purchase Date

Mandatory Purchase Date for any Series of Bonds, means any date specified as such in the applicable Certificate of Determination.
Mandatory Purchase Date means (i) any Purchase Date for 2020A-1 Bonds in the Term Rate Mode, including the Initial Mandatory Purchase Date, (ii) any Mode Change Date involving a change from the Daily Mode, the Weekly Mode, the Bank Loan Mode or the FRN Rate Mode,
Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase determined in accordance with the Articles Supplementary and this Agreement.
Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase determined in accordance with this Certificate of Designation and the VRDP Shares Purchase Agreement.
Mandatory Purchase Date means (i) the Purchase Date of Series 2011B Bonds bearing interest at a Flexible Rate, Term Rate, LIBOR Index Rate, or SIFMA Index Rate, (ii) any Mode Change Date (except for change in Mode between the Daily Mode, Two Day Mode, and the Weekly Mode), (iii) the Expiration Tender Date, (iv) the Substitution Date, (v) the Notice Termination Tender Date, (vi) for the Series 2011B Bonds in the Daily Mode, Two Day Mode or Weekly Mode, any Business Day specified by the Airports Authority not less than twenty (20) days after the Trustee’s receipt of such notice from the Airports Authority and in no event later than the day preceding the Expiration Date, and
Mandatory Purchase Date means the earliest of (i) August 19, 2024, the date on which the Bonds are subject to mandatory tender for purchase, pursuant to Section 4.09 of the Indenture, (ii) the date on which the interest rate mode of the Bonds is converted from the interest rate mode in effect on the Closing Date to another interest rate mode, and (iii) the date on which the Bonds are required to be redeemed or purchased in full pursuant to the Indenture.