Common use of Mandatory Tender on Mode Change Dates Clause in Contracts

Mandatory Tender on Mode Change Dates. 2017 Series B-1 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business on such date. The Trustee shall give notice of such mandatory purchase by first-class mail, or transmitted in such other manner (such as by Electronic Means) as may be customary for the industry as directed in writing by the Authority, to the Owners of the Bonds subject to mandatory purchase, with a copy to the MSRB, no less than 15 days prior to the Mandatory Purchase Date. The notice shall state the Mandatory Purchase Date, the Purchase Price, the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned by such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any Owner.

Mandatory Tender on Mode Change Dates. 2017 2024 Series B-1 F-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2024 Series F-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2024 Series F-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2024 Series B-1 E-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2024 Series E-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2024 Series E-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2024 Series B-1 D-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2024 Series D-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2024 Series D-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2024 Series B-1 B-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2024 Series B-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2024 Series B-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2023 Series B-1 Q-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2023 Series Q-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2023 Series Q-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2024 Series B-1 C-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2024 Series C-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2024 Series C-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2025 Series B-1 H-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2025 Series H-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2025 Series H-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2023 Series B-1 N-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2023 Series N-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give shall Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2023 Series N-2 Bond in the Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Purchase Price upon delivery of an irrevocable written notice of such mandatory purchase by first-class mailtender or irrevocable telephonic notice of tender to the Remarketing Agent, or transmitted in such other manner (such as promptly confirmed by Electronic Means) as may be customary for the industry as directed in writing by the Authority, Means to the Owners of the Bonds subject to mandatory purchasePaying Agent, with by not later than 10:00 a.m., New York City time, on a copy to the MSRB, no Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2024 Series B-1 A-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2024 Series A-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give notice of such mandatory purchase by first-class mail, or transmitted in such other manner (such as by Electronic Means) as may be customary for the industry as directed in writing by the Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode. The Owner of a 2024 Series A-2 Bond in the Authority, Term Rate Mode (unless such Bonds are being changed to another Mode in accordance with Section 2.10 of this Series Indenture) may elect to have its Bond (or portions thereof in Authorized Denominations) purchased on the last day of the current Interest Period applicable to such Bond (or the next Business Day if such last day is not a Business Day) at a price equal to the Owners Purchase Price upon delivery of the Bonds subject to mandatory purchase, with a copy an irrevocable written notice of tender or irrevocable telephonic notice of tender to the MSRBRemarketing Agent, no promptly confirmed by Electronic Means to the Paying Agent, by not later than 10:00 a.m., New York City time, on a Business Day not less than 15 seven days prior to the Mandatory Purchase Datebefore such last day. The Such notice of tender shall state the Mandatory CUSIP number, Bond number and the principal amount of such Bond to be purchased. Bonds purchased pursuant to this Section 7.3 shall be delivered by the Owners (with all necessary endorsements) to the Remarketing Agent at or before 12:00 noon, New York City time, on such Purchase Date, Date and payment of the Purchase Price, Price of such Bonds shall be made by wire transfer in immediately available funds by the numbers of the 2017 Series B-1 Bonds to be purchased if less than all of the 2017 Series B-1 Bonds owned Paying Agent by 3:00 p.m. New York City time on such Owner are to be purchased and that interest on 2017 Series B-1 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 Series B-1 Bond shall not affect the validity of the mandatory purchase of any other 2017 Series B-1 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any OwnerBusiness Day.

Mandatory Tender on Mode Change Dates. 2017 2023 Series B-1 P-2 Bonds to be changed from one Mode to another Mode are subject to mandatory purchase on the Mode Change Date (or on the day which would have been a Mode Change Date had all the conditions described in subsection (a) of Section 2.10 hereof been satisfied by the proposed Mode Change Date), at the Purchase Price as provided in this Section 7.2. ▇▇▇▇▇ 2023 Series P-2 Bonds purchased pursuant to this Section 7.2 shall be delivered by the Owners (with all necessary endorsements) to the office of the Paying Agent in Salt Lake City, Utah, at or before 12:00 noon, New York City time, on the proposed Mode Change Date and payment of the Purchase Price shall be made by wire transfer of immediately available funds by the close of business 3:00 p.m. New York City time on such date. The Trustee shall give notice of such mandatory purchase by first-class mail, or transmitted in such other manner (such as by Electronic Means) as may be customary for the industry as directed in writing by the Authority, to the Owners of the 2023 Series P-2 Bonds subject to mandatory purchase, with a copy to the MSRB, no less than 15 days prior to the Mandatory Purchase Date. The notice shall state the Mandatory Purchase Date, the Purchase Price, the numbers of the 2017 2023 Series B-1 P-2 Bonds to be purchased if less than all of the 2017 2023 Series B-1 P-2 Bonds owned by such Owner are to be purchased and that interest on 2017 2023 Series B-1 P-2 Bonds subject to mandatory purchase shall cease to accrue from and after the Mandatory Purchase Date. The failure to transmit such notice with respect to any 2017 2023 Series B-1 P-2 Bond shall not affect the validity of the mandatory purchase of any other 2017 2023 Series B-1 P-2 Bond with respect to which notice was so transmitted. Any notice transmitted as aforesaid will be conclusively presumed to have been given, whether or not actually received by any Owner.