Remarketing Effort Clause Samples

The Remarketing Effort clause defines the obligations and procedures for attempting to re-lease or resell an asset, typically after a lessee defaults or returns the asset before the end of the lease term. It usually outlines the steps the lessor must take to market the asset, such as advertising or engaging brokers, and may specify timelines or standards for these efforts. The core function of this clause is to ensure that reasonable attempts are made to mitigate losses by finding a new user or buyer for the asset, thereby potentially reducing the lessee's liability for remaining payments or damages.
Remarketing Effort. Except to the extent the Company directs the Remarketing Agent not to do so, the Remarketing Agent will offer for sale and use reasonable efforts to sell all Bonds to be sold as provided in paragraph (a) above and, when directed by the Company, any Company-Held Bonds. The sale price of each Bond must be equal to the principal amount of each Bond plus accrued interest, if any, to the purchase date. The Company may direct the Remarketing Agent from time to time to cease and to resume sales efforts with respect to some of or all the Bonds. The Remarketing Agent may buy as principal any Bonds to be offered under this Section 4.11.
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Remarketing Effort. Except as provided in Section 3.08(a) above, the Remarketing Agent will use reasonable best efforts to remarket on the Purchase Date all Series A Notes purchased pursuant to Section 3.07 and, to the extent such purchased Series A Notes are not remarketed on the Purchase Date, thereafter will continue to use reasonable best efforts to remarket such purchased Series A Notes, upon the terms and subject to the conditions of the Remarketing Agreement. As early as practicable but not later than 10:00 a.m. on the Purchase Date and on each Business Day on which the Remarketing Agent is required to remarket Series A Notes pursuant to this Section 3.08, the Remarketing Agent will (i) notify the Trustee and the Paying Agent by telephone (promptly confirmed in writing) of (A) the amount of Remarketing Proceeds which the Remarketing Agent actually has on hand, and (B), if the Series A Notes are not being held pursuant to a book-entry system, the information to enable the Paying Agent to prepare new Series A Note certificates with respect to Series A Notes which were remarketed and (ii) (A) if the Remarketing Agent has received Remarketing Proceeds with respect to all of the Series A Notes to be remarketed on such Purchase Date, transfer such Remarketing Proceeds to the holders tendering such Series A Notes for purchase as provided in (c) below, or (B) if the Remarketing Agent has not received Remarketing Proceeds with respect to all of such Series A Notes, transfer to the Paying Agent the Remarketing Proceeds which the Remarketing Agent has received as provided in (c) below. In the event that any of the Series A Notes tendered for purchase have not been remarketed, the Trustee shall immediately notify the Borrower and the Paying Agent of the amount of such Series A Notes and shall take action as set forth in Section 5.02(a)(iv). If the Trustee shall fail to receive the notice described in the first sentence of this paragraph from the Remarketing Agent by 10:00 a.m., the Trustee shall contact the Remarketing Agent by telephone to confirm the information required in such notice and, if required, the Trustee shall take action as set forth in Section 5.02(a)(iv).
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Remarketing Effort. Except as otherwise provided in Section 3.08(a) of the Series A Note Agreement, the Remarketing Agent will use reasonable best efforts to remarket on the Purchase Date all Series A Notes purchased in accordance with the terms of Section 3.07 of the Series A Note Agreement and, to the extent such purchased Series A Notes are not remarketed on the Purchase Date, thereafter will continue to use reasonable best efforts to remarket such purchased Series A Notes, upon the terms and subject to the conditions of the Remarketing Agreement.
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Related to Remarketing Effort

  • Marketing Efforts In connection with an underwritten offering, cause its officers to use their commercially reasonable efforts to support the marketing of the Registrable Securities covered by such offering (including participation in “roadshows” or other similar marketing efforts).

  • Closing Efforts Each of the Parties shall use its best efforts, to the extent commercially reasonable (“Reasonable Best Efforts”), to take all actions and to do all things necessary, proper or advisable to consummate the transactions contemplated by this Agreement, including without limitation using its Reasonable Best Efforts to ensure that (i) its representations and warranties remain true and correct in all material respects through the Closing Date and (ii) the conditions to the obligations of the other Parties to consummate the Merger are satisfied.

  • No Directed Selling Efforts None of the Company, its affiliates nor any person acting on its behalf has engaged or will engage in any directed selling efforts (as that term is defined in Regulation S) with respect to the Common Stock and each of the Company, its affiliates and any person acting on its or their behalf has complied and will comply with the offering restrictions requirement of Regulation S.

  • Adverse Operating Effects The NYISO or Connecting Transmission Owner shall notify the Interconnection Customer as soon as practicable if, based on Good Utility Practice, operation of the Small Generating Facility may cause disruption or deterioration of service to other customers served from the same electric system, or if operating the Small Generating Facility could cause damage to the New York State Transmission System, the Distribution System or Affected Systems, or if disconnection is otherwise required under Applicable Reliability Standards or the ISO OATT. Supporting documentation used to reach the decision to disconnect shall be provided to the Interconnection Customer upon request. If, after notice, the Interconnection Customer fails to remedy the adverse operating effect within a reasonable time, the NYISO or Connecting Transmission Owner may disconnect the Small Generating Facility. The NYISO or Connecting Transmission Owner shall provide the Interconnection Customer with five Business Day notice of such disconnection, unless the provisions of article 3.4.1 apply.

  • Use of District Facilities 1 The Association shall have the right to use District facilities for Association meetings provided advance approval is granted by the District according to the District Building Use Guidelines.