Tender Account definition
Examples of Tender Account in a sentence
The Contract Administrator shall pay the moneys held in the Tender Account to the Service Corporation’s tender agent for the purchase of the tendered Series 2005-B COPs being purchased by the Service Corporation, in such amounts and at such times as necessary for the tender agent to pay the purchase price for such purchased Series 2005-B COPs to the sellers entitled thereto, and all such purchased Series 2005-B COPs shall be delivered to the 2005 Trustee for cancellation.
Within the Bond Purchase Fund there are hereby created and established two separate accounts designated the "Remarketing Account" and the "Tender Account".
We do not warrant or guarantee the acceptance of your Tenders, even if they constitute Eligible Tenders.; provided that in case that your Eligible Tender is rejected after the payment of the Tender Amount has been made, we shall coordinate for the return of the Tender Account from the Client Account.
No funds shall be accepted for deposit to the credit of the Bond Purchase Fund by or on behalf of the Authority or any subsidiary or affiliate thereof, nor shall any such funds if deposited by mistake or otherwise, be used for the purchase of Bonds pursuant to the terms of this Trust Agreement and the Remarketing Agreement and no funds of the Letter of Credit Bank shall be deposited to the credit of any account established hereunder or pursuant to the provisions hereof other than the Tender Account.