Ordinance 3405-14 - Laserfiche WebLink

delivered for purchase on the applicable Purchase Date (following the payments from the Purchase Fund described in Section 3.09(d), shall be transferred by the Tender Agent to the Undelivered Bond Payment Account of the Purchase Fund not later than 3:30 p.m., New York City time, on the applicable Purchase Date and retained therein, subject to Section 3.09, for application in accordance with Section 3.09(f). Any moneys remaining in the Remarketing Account, the Liquidity Account and the City Purchase Account of the Purchase Fund on the applicable Purchase Date after the payments from the Purchase Fund described in Section 3.09(d) and the transfer described in the preceding sentence of this Section 3.09(e) shall be wire transferred by the Tender Agent, in immediately available funds, prior to the close of business on such Purchase Date, to the Remarketing Agent, the Liquidity Facility Provider and the City, respectively. (f) Moneys transferred to the Undelivered Bond Payment Account of the Purchase Fund on any Purchase Date shall be applied, on or after such Purchase Date, by the Tender Agent to pay the Purchase Price of Undelivered Bonds in respect of which they were so transferred, upon the surrender of such Bonds to the Tender Agent for such purpose. (g) Subject only to the provisions of this Section 3.09 permitting the application thereof for the purposes and on the terms and conditions set forth herein, there are hereby pledged to secure the payment of the Purchase Price of the Bonds tendered and/or deemed tendered for purchase in accordance with this ordinance all of the Required Liquidity Payments and other amounts held in the Purchase Fund (and the accounts therein). Section 3.10. Mandatory Purchase of Bonds. (a) Bonds shall be subject to mandatory tender for purchase by the Tender Agent at the Purchase Price on the following Purchase Dates: -68- P\20287 CMWM20287 AMT 10/14/14