Common use of Bonds Payable on Redemption Date Clause in Contracts

Bonds Payable on Redemption Date. Notice of Redemption having been given, the Bonds or portions thereof to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price, in which event the Bond shall remain in full force and effect until the Redemption Price is paid in full) no interest shall accrue on such Redemption Price for any period after such Redemption Date.

Bonds Payable on Redemption Date. Notice of Redemption redemption having been givengiven as provided in Section 11.02, the Bonds or portions thereof to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price Price, and (unless the Issuer Ownership Certificateholder shall default in the payment of the Redemption Price, in which event the Bond shall remain in full force and effect until the Redemption Price is paid in full) no interest shall accrue on the Bond Principal Amount of such Redemption Price Bonds or portions thereof to be redeemed for any period after the end of the Interest Accrual Period relating to such Redemption Date.

Bonds Payable on Redemption Date. Notice The Bonds shall, following notice of Redemption having been given, the Bonds or portions thereof to be redeemed shallredemption as required by Section 10.02, on the applicable Redemption Date, Date become due and payable at the Redemption Price and (unless the Issuer Seller or a Successor Servicer, as applicable, shall default in the payment of the Redemption Price, in which event the Bond shall remain in full force and effect until the Redemption Price is paid in full) no interest shall accrue on such the Redemption Price for any period after such the date to which accrued interest is calculated for purposes of calculating the Redemption DatePrice.

Bonds Payable on Redemption Date. Notice of Redemption having been given, the The Bonds or portions thereof to be redeemed shall, following notice of redemption as required by Section 10.2, on the applicable Redemption Date, Date become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price, in which event the Bond shall remain in full force and effect until the Redemption Price is paid in full) no interest shall accrue on such the Redemption Price for any period after such the date to which accrued interest is calculated for purposes of calculating the Redemption DatePrice.