Examples of Successful Optional Remarketing in a sentence
Subject to the provisions of the Purchase Contract and Pledge Agreement, upon the occurrence of a Successful Optional Remarketing and receipt in the Collateral Account of the proceeds thereof, the Collateral Agent shall instruct the Securities Intermediary to apply an amount equal to the Treasury Portfolio Purchase Price to purchase the Treasury Portfolio.
No Collateral Substitution is permitted following a Successful Optional Remarketing.
Upon the occurrence of a Successful Optional Remarketing and receipt in the Collateral Account of the proceeds thereof, the Collateral Agent shall cause the Securities Intermediary to apply an amount equal to the Treasury Portfolio Purchase Price to purchase, on behalf of the Holders of Corporate Units, the Treasury Portfolio.
With respect to any Separate Notes remarketed, upon receipt of proceeds of such Successful Optional Remarketing attributable to the remarketed Separate Notes, the Custodial Agent shall remit the proceeds of such Separate Notes sold in the Successful Optional Remarketing received from the Remarketing Agent(s) pro rata to the holders of such Separate Notes on the Remarketing Settlement Date in accordance with the instructions provided in the form of Exhibit K.
In no event may a Holder of Corporate Units effect a Collateral Substitution following a Successful Optional Remarketing.
With respect to any Separate Debentures remarketed, upon receipt of proceeds of such Successful Optional Remarketing attributable to the remarketed Separate Debentures, the Custodial Agent shall remit the proceeds of such Separate Debentures sold in the Successful Optional Remarketing received from the Remarketing Agent(s) pro rata to the holders of such Separate Debentures on the Optional Remarketing Settlement Date in accordance with the instructions provided in the form of Exhibit K.
With respect to any Separate Notes remarketed, upon receipt of proceeds of such Successful Optional Remarketing attributable to the remarketed Separate Notes, the Custodial Agent shall remit the proceeds of such Separate Notes sold in the Successful Optional Remarketing received from the Remarketing Agent(s) pro rata to the holders of such Separate Notes on the Optional Remarketing Settlement Date in accordance with the instructions provided in the form of Exhibit K.
Holders whose Debentures are part of a Successful Optional Remarketing will not be responsible for payment of the Remarketing Fee.
In no event may a Holder of Treasury Units effect a Collateral Substitution following a Successful Optional Remarketing.
If there is no Successful Optional Remarketing during the Optional Remarketing Period or no Optional Remarketing occurs on any Optional Remarketing Date, if any, and unless a Termination Event has occurred prior to such date, on each Remarketing Date in the Final Remarketing Period, the Remarketing Agent shall use its commercially reasonable efforts to remarket the Remarketed Debentures at the applicable Remarketing Price.