Examples of Optional Tender Purchase in a sentence
No recourse shall be had for the payment of the principal or Redemption Price of or Purchase Price or interest on the Bonds or for any claim based thereon or hereunder against the Issuer or any governing body member, officer, agent, consultants and legal counsel, servant or employee of the Issuer or any natural person executing the Bonds or pertaining to their sale, delivery, payment, redemption or Mandatory Purchase or Optional Tender Purchase.
The Company shall cause an Optional Tender Purchase on each Optional Tender Date and Mandatory Purchase of all Tendered Bonds on each Mandatory Tender Date.
It is understood and agreed that all Lease Payments, all payments in respect of mandatory or optional prepayment and all payments in respect of an Optional Tender Purchase or Mandatory Purchase, paid over by the Company pursuant to Section 5.2 and Section 5.9, are assigned under the Indenture to the Trustee.
In the absence of actual knowledge to the contrary, the Tender Agent shall be entitled to assume that any Bond (or beneficial ownership interest in such Bond) tendered or deemed tendered to it for Mandatory Purchase or Optional Tender Purchase in accordance herewith is entitled under the Indenture to be so purchased.
It is understood and agreed that all Basic Payments, all payments in respect of mandatory or optional prepayment and all payments in respect of an Optional Tender Purchase or Mandatory Purchase, paid over by the Company pursuant to Section 5.2 and Section 5.9, are assigned under the Indenture to the Trustee.
The Company shall cause an Optional Tender Purchase on each Optional Tender Purchase Date and Mandatory Purchase of all Tendered Bonds on each Mandatory Tender Date.
The Tender Agent shall in writing notify the Credit Provider and Company of each pending Tender Date and the principal amount of Tendered Bonds required to be purchased on such Tender Date (A) upon the Tender Agent’s receipt of any Optional Tender Notice thereof, in the case of an Optional Tender Purchase, and (B) not less than twelve (12) days prior to such date, in the case of any Mandatory Tender Date.
All Lease Payments, all payments in respect of mandatory or optional prepayment and all payments in respect of an Optional Tender Purchase or Mandatory Purchase, paid over by the Company pursuant to Section 5.2 and Section 5.9, are assigned under the Indenture to the Trustee.