Scheduled Mandatory Tender definition

Scheduled Mandatory Tender means the mandatory tender for purchase of Bonds in the Index Mode or the Flexible Index Mode pursuant to the provisions of Section 4.02(a) and excludes any mandatory tender of Bonds in the Index Mode or the Flexible Index Mode pursuant to Section 4.02(b).
Sample 1

Examples of Scheduled Mandatory Tender in a sentence

  • In 2017, maize production contributed R29.824 billion to the gross value of agricultural products compared to R26.473 billion the previous year (source: DAFF).

  • The spread will be reset periodically through the remarketing of the bonds on a tender date selected by Metropolitan that occurs after the applicable Call Protection Date and before the Scheduled Mandatory Tender Date.

  • Interest on the 2012B Bonds of a Series in the Index Mode will be payable (including during any Purchase Default Period) (a) monthly on the first Business Day of each calendar month, commencing [June 1], 2012, (b) on each Mandatory Purchase Date in connection with an Index Mode Unscheduled Mandatory Tender for such Series, and (c) on each Scheduled Mandatory Tender Date for such Series (each, an “Interest Payment Date”).

  • Tender and remarketing of the bonds sets a new Call Protection Date and Scheduled Mandatory Tender Date.

  • Metropolitan may (or may not) have other funds available from time to time to pay the Purchase Price of the 2012B Bonds of such Series on any Scheduled Mandatory Tender Date, however, if available, Metropolitan does not have any obligation to use such funds to pay the Purchase Price of any 2012B Bonds.

  • The undersigned are Servicing Officers and are duly authorized pursuant to the Agreement to execute and deliver this Certificate to the Issuer, the Owner Trustee and to the Trustee.

  • Bonds that are not remarketed on an optional tender date selected by Metropolitan will be subject to mandatory tender and purchase on the Scheduled Mandatory Tender Date.

  • Metropolitan’s obligation to pay the Purchase Price of the 2012B Bonds of an affected Series in connection with an Index Mode Scheduled Mandatory Tender is an unsecured obligation of Metropolitan that it would pay from Net Operating Revenues only after it has made payments and deposits with respect to its Operating Revenues, the Parity Bonds and the Parity Obligations and other obligations secured by Net Operating Revenues.

  • Consequences of an Index Mode Scheduled Mandatory Tender Failure.

  • Additionally, the Owners of all of the 2012B Bonds of a Series must tender for purchase, and Metropolitan must purchase, all of the 2012B Bonds of such Series on the Scheduled Mandatory Tender Date of each Tender Period for such Series.

Related to Scheduled Mandatory Tender

  • Mandatory Tender with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing, or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to Section 2 of Part II of the Articles Supplementary and the VRDP Shares Purchase Agreement.

  • Mandatory Tender Date means any date on which a Multi-Modal Bond is subject to mandatory tender in accordance with the Certificate.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Scheduled Maturity Date means June 30, 2032.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Final Scheduled Maturity Date The Final Scheduled Maturity Date for each Class of Certificates is June 25, 2033, which corresponds to the "latest possible maturity date" for purposes of Section 860G(a)(1) of the Internal Revenue Code of 1986, as amended.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Required Prepayment Date as defined in Section 2.15(c).

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Mandatory Settlement Date means the earliest of:

  • Scheduled Outage has the meaning given to it in the Grid Code;

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Scheduled Amount means the Day-Ahead Schedule comprised of the quantity (in MWh) of electric energy expected to be produced by the Generating Facility that is scheduled from Seller or Seller’s Scheduling Coordinator to Buyer in a Physical Trade in the IFM.

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Mandatory Prepayment Event has the meaning specified in Section 2.03(b)(i).

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Scheduled COD or “Scheduled Commercial Operation Date” shall mean the date …………………. (Insert a date within 12 (twelve) months from the date of execution of the PPA.)

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Scheduled Downtime has the meaning set forth in Section 5.2.