Common use of Acceleration of Payment to Redeem Bonds Clause in Contracts

Acceleration of Payment to Redeem Bonds. As permitted by the Indenture and the Reimbursement Agreement, whenever the Bonds are subject to optional redemption pursuant to the Indenture, the Authority will, but only upon request of the Borrower, direct the Trustee in writing to call the same for Redemption as provided in the Indenture. Whenever the Bonds are subject to mandatory redemption pursuant to the Indenture, the Borrower will cooperate with the Authority and the Trustee in effecting such Redemption. In the event of any mandatory or optional redemption of the Bonds, the Borrower will pay or cause to be paid on or before the date of Redemption an amount equal to the applicable redemption price as a prepayment of that portion of the Loan corresponding to the Bonds to be redeemed, together with applicable redemption premium (if any) and interest accrued to the date of redemption or will reimburse the Bank for any drawings under the Letter of Credit for such purposes (exclusive of the redemption premium) in accordance with the Reimbursement Agreement.

Acceleration of Payment to Redeem Bonds. As permitted by the Indenture Indentures and the Reimbursement this Agreement, whenever the Bonds or any of them are subject to optional redemption pursuant to the IndentureOptional Redemption, the Authority applicable Issuer(s) will, but only upon request of the Borrower, direct the Trustee in writing to call the same for Redemption as provided in the such Indenture. Whenever the Bonds or any of them are subject to mandatory redemption Mandatory Redemption pursuant to one or both of the IndentureIndentures, the Borrower will cooperate with the Authority applicable Issuer(s) and the Trustee in effecting such Redemption. In the event of any mandatory Mandatory or optional redemption Optional Redemption of the BondsBonds or any of them, the Borrower will pay or cause to be paid into the Debt Service Fund on or before the date of Redemption an amount equal to the applicable redemption price (including the redemption premium (if any) and interest accrued to the date of redemption) as a prepayment of that portion of the Loan corresponding to the Bonds to be redeemed, together with applicable redemption premium (if any) and interest accrued to the date of redemption or will reimburse the Bank for any drawings under the respective Letter of Credit for such purposes (exclusive of the redemption premium) in accordance with the Reimbursement this Agreement.

Acceleration of Payment to Redeem Bonds. As permitted by the Indenture and the Reimbursement Agreement, whenever the Bonds are subject to optional redemption pursuant to the Indenture, the Authority will, but only upon request of the BorrowerCompany, direct the Trustee in writing to call the same for Redemption as provided in the Indenture. Whenever the Bonds are subject to mandatory redemption pursuant to the Indenture, the Borrower Company will cooperate with the Authority and the Trustee in effecting such Redemption. In the event of any mandatory or optional redemption of the Bonds, the Borrower Company will pay or cause to be paid on or before the date of Redemption an amount equal to the applicable redemption price (including the redemption premium (if any) and interest accrued to the date of redemption) as a prepayment of that portion of the Loan corresponding to the Bonds to be redeemed, together with applicable redemption premium (if any) and interest accrued to the date of redemption or will reimburse the Bank for any drawings under the Letter of Credit for such purposes (exclusive of the redemption premium) in accordance with the Reimbursement this Agreement.