Bond Insurance Policy; Liquidity Facility; Cancellation. (a) The Company agrees to support the payment of the principal of and interest on the Bonds by causing the Bond Insurance Policy to be delivered to the Trustee on the date of the delivery of the Bonds. (b) The Company may provide for the delivery of a Liquidity Facility. (c) The Company may cancel any Liquidity Facility then in effect at such time and direct the Trustee in writing to surrender such Liquidity Facility to the Liquidity Facility Issuer by which it was issued in accordance with the Indenture; provided, that no such cancellation shall become effective and no such surrender shall take place until all Bonds subject to purchase pursuant to Section 4.07(d) of the Indenture have been so purchased or redeemed with the proceeds of such Liquidity Facility.
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Samples: Loan Agreement (Psi Energy Inc), Loan Agreement (Psi Energy Inc), Loan Agreement (Cincinnati Gas & Electric Co)
Bond Insurance Policy; Liquidity Facility; Cancellation. (a) The Company agrees to support provide for the payment of the principal of and interest on the Bonds by causing the Bond Insurance Policy to be delivered to the Trustee on the date of the delivery of the Bonds.
(b) The Company may provide for the delivery of a Liquidity Facility.
(c) The Company may cancel any Liquidity Facility then in effect at such time and direct the Trustee in writing to surrender such Liquidity Facility to the Liquidity Facility Issuer by which it was issued in accordance with the Indenture; provided, that no such cancellation shall become effective and no such surrender shall take place until all Bonds subject to purchase pursuant to Section 4.07(d) of the Indenture have been so purchased or redeemed with the proceeds of such Liquidity Facility.
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