Ordinance 2557-01 - Laserfiche WebLink

notice of tender by Electronic Means or telephone to the Registrar, directly or through the Beneficial Owner's DTC Participant, not later than 4:00 p.m., New York City time, on a Business Day not less than seven days prior to the Purchase Date. (b) Notice of Tender. Each notice of tender: (1) shall be delivered to the Registrar at its principal corporate trust office and be in form satisfactory to the Registrar; (2) shall state (A) CUSIP number, bond number, and the principal amount of the Bond to which the notice relates, (B)that the Registered Owner irrevocably demands purchase of such Bond or a specified portion thereof in an amount equal to an Authorized Denomination, so long as the remaining portion thereof is in an Authorized Denomination, (C) the date on which such Bond or portion is to be purchased, and (D)payment instructions with respect to the Purchase Price; and (3) shall automatically constitute an irrevocable offer to sell the Bond (or portion thereof) to which the notice relates on the Purchase Date. The determination of the Registrar as to whether a notice of tender has been properly delivered pursuant to the foregoing shall be conclusive and binding upon the Registered Owner. (c) Bonds to be Remarketed. Not later than 11:00 a.m., New York City time, on the Business Day immediately following the date of receipt of any notice of tender, the Registrar shall notify, by telephone, promptly confirmed in writing, the City and the Remarketing Agent of the principal amount of Bonds (or portions thereof) to be purchased and the Purchase Date. Section 4.02. Mandatory Tenders for Purchase. The Bonds are subject to mandatory tender for purchase on each Mandatory Purchase Date at a price equal to the applicable Purchase -34- P\CMW\CMW4ZL 11/20/01