Reset Rate Notes definition
Examples of Reset Rate Notes in a sentence
In order to prevent the declaration of a Failed Remarketing, the Remarketing Agents will have the option, but not the obligation, to purchase any Reset Rate Notes tendered that they are not otherwise able to remarket or with respect to which a committed purchaser defaults on their purchase obligations.
The aggregate principal amount of Notes Outstanding at any time may not exceed such amount except as provided in Section 2.5. On each Spread Determination Date, upon receipt of an Issuer Order, the Indenture Trustee shall deliver a revised Schedule A for the Reset Rate Notes to the Custodians.
Any duly delivered Hold Notice will be irrevocable, but will be subject to a mandatory tender of the applicable Reset Rate Notes pursuant to any exercise of the related Call Option.
On each Remarketing Terms Determination Date, the Trust, the Administrator and the Remarketing Agents will enter into a Remarketing Agency Agreement for the remarketing of the Reset Rate Notes.
On each Remarketing Terms Determination Date, the Trust, the Administrator and the Remarketing Agents will enter into a Remarketing Agency Agreement for the remarketing of the related class of Reset Rate Notes.
If the lowest bidder specifies a notional amount that is less than the Outstanding Amount of the Reset Rate Notes, the Remarketing Agents, in consultation with the Administrator, may select more than one Eligible Swap Counterparty, but only to the extent that such additional Eligible Swap Counterparties have provided the next lowest received bid or bids, and enter into more than one Swap Agreement that result in the Rating Agency Condition being satisfied.
It is aware that the sale of the Reset Rate Notes is being made in reliance on its continued compliance with Rule 903 or Rule 904 of Regulation S.
Any duly delivered Hold Notice will be irrevocable, but will be subject to a mandatory tender of the Reset Rate Notes pursuant to any exercise of the Call Option.
The undersigned further certifies that it is purchasing the Reset Rate Notes for its own account or for the account of others that independently qualify as non-U.S. persons (as defined in Regulation S) outside the United States of America.
For any Reset Period following a Reset Date upon which a Failed Remarketing has occurred, up to any including the Reset Date resulting in a successful remarketing or an exercise of the related Call Option for that class of Reset Rate Notes, payments of interest and principal to that class of Reset Rate Noteholders will be made on the second Business Day following the related Reset Date without the payment of any additional interest.