Common use of Bonds Payable on Redemption Date or Special Redemption Date Clause in Contracts

Bonds Payable on Redemption Date or Special Redemption Date. Notice of redemption or special redemption having been given as provided in Section 10.02, the Bonds or portions thereof to be redeemed shall, on the applicable Redemption Date or Special Redemption Date, as the case may be, become due and payable at the Redemption Price or Special Redemption Price, as the case may be, and unless (a) the Issuer shall default in the payment of the Redemption Price or Special Redemption Price, as the case may be, or (b) as otherwise specified in the related Terms Indenture, no interest shall accrue on the Principal Amount of such Bonds or portions thereof to be redeemed for any period after the end of the Interest Accrual Period relating to such Redemption Date or after the Designated Interest Accrual Date for such Special Redemption Date, as the case may be.

Bonds Payable on Redemption Date or Special Redemption Date. Notice of redemption or special redemption having been given as provided in Section 10.0211.02, the Bonds or portions thereof to be redeemed shall, on the applicable Redemption Date or Special Redemption Date, as the case may be, become due and payable at the Redemption Price or Special Redemption Price, as the case may be, and unless (a) the Issuer shall default in the payment of the Redemption Price or Special Redemption Price, as the case may be, or (b) as otherwise specified in the related Terms Indenture, no interest shall accrue on the Principal Amount of such Bonds or portions thereof to be redeemed for any period after the end of the Interest Accrual Period relating to such Redemption Date or after the Designated Interest Accrual Date for such Special Redemption Date, as the case may be.