Ordinance 3405-14 - Laserfiche WebLink

Purchase Prices of such Bonds, and such Bonds shall not be entitled to any benefits of this ordinance, except for payment of such Purchase Price out of the moneys deposited for such payment as aforesaid. (d) In addition to any other requirements set forth in this ordinance, notices of mandatory tender of Bonds delivered to Registered Owners shall: (1) Specify the proposed Purchase Date and the event which gives rise to the proposed Purchase Date; (2) State that the Bonds shall be subject to mandatory tender for purchase on such date; (3) State that Registered Owners may not elect to retain Bonds subject to mandatory tender; (4) State that all Bonds subject to mandatory tender shall be required to be delivered to the designated corporate trust office of the Tender Agent at or before 1:00 p.m., New York City time, on the Purchase Date; (5) State that if the Registered Owner of any Bond subject to mandatory tender fails to deliver such Bond to the Tender Agent for purchase on the Purchase Date, and if the Tender Agent is in receipt of funds sufficient to pay the Purchase Price thereof, such Bond (or portion thereof) shall nevertheless be deemed purchased on the Purchase Date and ownership of such Bond (or portion thereof) shall be transferred to the purchaser thereof; (6) State that any Registered Owner that fails to deliver any Bond for purchase shall have no further rights thereunder or under this ordinance except the right to receive the Purchase Price thereof upon presentation and surrender of said Bond to the Tender -70-0- P\20287 CMW 20287 AMT 10/14/14