Common use of Bonds Payable on Redemption Date Clause in Contracts

Bonds Payable on Redemption Date. Notice of redemption pursuant to Section 11.01 or having been given as provided in Section 11.02, the Bonds to be so redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and as of the Business Day preceding such Redemption Date (unless the Issuer shall Default in the payment of the Redemption Price) such Bonds shall cease to bear interest. On or after the Redemption Date, such Bonds shall be paid by the Issuer at the Redemption Price; provided, however, that payments due on a Payment Date on or prior to the Redemption Date shall be payable to the Holders of such Bonds registered as such on the relevant Record Dates according to their terms and the provisions of Section 3.02. If Bonds are redeemed in part pursuant to Sections 11.01(a)(i) or (a)(ii), the redemption shall be pro rata in respect of all Outstanding Bonds. If any Bond called for redemption shall not be so paid upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest up to the Business Day prior to the relevant Redemption Date at the Bond Interest Rate. ARTICLE XII BONDHOLDERS' MEETING

Bonds Payable on Redemption Date. Notice of redemption pursuant to Section 11.01 or having been given as provided in Section 11.02aforesaid, the Bonds to be so redeemed shall, on the applicable Redemption Date, or portions thereof designated for redemption shall become due and payable on the Redemption Date at the Redemption Price and, from and as of the Business Day preceding after such Redemption Date date (unless the Issuer Borrower shall Default in the fail to make a payment of the Redemption Price) Price with Eligible Funds), such Bonds or portions thereof shall cease to bear interestinterest from and after the Redemption Date whether or not such Bonds are presented and surrendered for payment on such date. On If any Bond or after portion thereof called for redemption is not so paid upon presentation and surrender thereof on the Redemption Date, such Bond or portion thereof shall continue to bear interest at the rate or rates provided for thereon until paid and the Registered Owners thereof shall have all of the rights and be subject to the limitations set forth in Article XI hereof. Upon surrender of the Bonds for redemption in accordance with said notice, the Bonds shall be paid by the Trustee on behalf of the Issuer at the Redemption Price; provided, however, that payments Price to the extent of Eligible Funds held by the Trustee on such Redemption Date. Installments of interest due on a Payment Date on or prior to the Redemption Date shall be payable to the Holders Registered Owners as of such Bonds registered as such on the relevant Record Dates Dates, without surrender thereof, according to their the terms of the Bonds and the provisions of Section 3.02. If Bonds are redeemed in part pursuant to Sections 11.01(a)(i) or (a)(ii), the redemption shall be pro rata in respect of all Outstanding Bonds. If any Bond called for redemption shall not be so paid upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest up to the Business Day prior to the relevant Redemption Date at the Bond Interest Rate. ARTICLE XII BONDHOLDERS' MEETINGthis Indenture.

Bonds Payable on Redemption Date. Notice of redemption pursuant to Section 11.01 or having been given as provided in Section 11.02aforesaid, the Bonds so to be so redeemed shall, on the applicable Redemption Date, become due and payable at the Optional Redemption Price therein specified, together with interest accrued to but not including the Redemption Date, and as of the Business Day preceding from and after such Redemption Date date (unless the Issuer Company shall Default default in the payment of the Optional Redemption PricePrice and accrued interest) such all or the portion of the Bonds subject to redemption shall cease to bear interest. On Upon surrender of any such Bond or after the Redemption Dateportion thereof for redemption in accordance with said notice, such Bonds Bond or portion thereof shall be paid by the Issuer Company at the Optional Redemption Price, together with accrued interest to the Redemption Date; provided, however, that payments due on a of interest whose applicable Scheduled Payment Date is on or prior to the Redemption Date shall be payable to the Holders of such Bonds Bonds, or one or more Predecessor Bonds, registered as such at the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 3.02. If Bonds are redeemed in part pursuant to Sections 11.01(a)(i) or (a)(ii), the redemption shall be pro rata in respect of all Outstanding Bondsterms. If any Bond called for redemption shall not be so paid upon surrender thereof for redemption, the principal Remaining Principal Amount thereof shall, until paid, bear interest up to from the Business Day prior to the relevant Redemption Date at the Bond Interest Rate. ARTICLE XII BONDHOLDERS' MEETINGrate borne by the Bond.

Bonds Payable on Redemption Date. Notice of redemption pursuant to Section 11.01 or having been given as provided in Section 11.02aforesaid, the STAR Bonds so to be so redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price therein specified and as of the Business Day preceding from and after such Redemption Date date (unless the Issuer shall Default default in the payment of the Redemption Price) such STAR Bonds shall cease to bear interest. On or after the Redemption DateUpon surrender of any such STAR Bond for redemption in accordance with said notice, such Bonds STAR Bond shall be paid by the Issuer at the Redemption Price; provided, however, that payments . Installments of interest with a due on a Payment Date date on or prior to the Redemption Date shall be payable to the Holders owners of such the STAR Bonds registered as such on the relevant Record Dates according to their the terms of such STAR Bonds and the provisions of Section 3.022.04. If Upon the payment of the Redemption Price of STAR Bonds are redeemed in part pursuant to Sections 11.01(a)(i) being redeemed, each check or (a)(ii)other transfer of funds issued for such purpose shall bear or have enclosed the CUSIP number identifying, by issue and maturity, the redemption shall be pro rata in respect STAR Bonds being redeemed with the proceeds of all Outstanding Bondssuch check or other transfer. If any STAR Bond called for redemption shall not be so paid upon surrender thereof for redemption, or as otherwise provided under Section 3.08 in lieu of surrender, the principal thereof (and premium, if any) shall, until paid, bear interest up to from the Business Day prior to the relevant Redemption Date at the Bond Interest Rate. ARTICLE XII BONDHOLDERS' MEETINGrate prescribed therefor in the STAR Bond.

Bonds Payable on Redemption Date. Notice On or before any redemption date, the Issuer shall deposit with the Trustee or with a Paying Agent, moneys or Government Obligations, or a combination thereof, provided by the Company, in an amount sufficient to pay the redemption price of all the Bonds which are to be redeemed on that date. Such moneys and Government Obligations shall be held in trust for the benefit of the Persons entitled to such redemption price and shall not be deemed to be part of the Trust Estate. With respect to notice of any redemption of the Bonds pursuant to Section 11.01 301(a) or having been given as provided in Section 11.02(b), unless moneys or Government Obligations, or a combination thereof, shall be received by the Trustee prior to the giving of said notice sufficient to pay the principal of and premium, if any, and interest on the Bonds to be so redeemed, said notice shall state that said redemption shall be conditional upon the receipt of such moneys or Government Obligations by the Trustee on or prior to the date fixed for such redemption. If such moneys or Government Obligations shall not have been so received on or prior to the redemption date, said notice shall be of no force and effect, the Issuer shall not redeem such Bonds and the Trustee shall give notice, in the manner in which the notice of redemption was given, that such moneys or Government Obligations were not so received. Notice of redemption having been given in accordance with Section 304 hereof and the deposit of funds for redemption having been made, (i) the Bonds or portions thereof so to be redeemed shall, on (together with accrued interest thereon to the applicable Redemption Date, become redemption date) shall be due and payable on the redemption date and at the Redemption Price and as of the Business Day preceding such Redemption Date (unless the Issuer shall Default redemption price specified in the payment notice of the Redemption Price) redemption, and on and after such date such Bonds shall cease to bear interest, (ii) such Bonds or portions thereof shall cease to be entitled to any lien, benefit or security under this Indenture, and (iii) the Owners of such Bonds or portions thereof shall have no rights in respect thereof except to receive payment of the redemption price thereof and accrued interest thereon to the redemption date. On or after the Redemption DateUpon surrender of any such Bond so called for redemption, such Bonds Bond (or portion thereof) shall be paid by the Issuer at the Redemption Price; provided, however, that payments redemption price specified in the notice of redemption. Installments of interest with a due on a Payment Date date on or prior to the Redemption Date redemption date shall be payable to the Holders Owners of such the Bonds registered as such on the relevant Regular Record Dates according to their the terms of such Bonds and the provisions of Section 3.02. If Bonds are redeemed in part pursuant to Sections 11.01(a)(i) or (a)(ii), the redemption shall be pro rata in respect of all Outstanding Bonds204. If any Bond called for redemption shall not be so paid upon surrender thereof for redemption, the principal thereof shall, until paid, Bond shall continue to bear interest up to the Business Day prior to the relevant Redemption Date until paid at the Bond Interest Rate. ARTICLE XII BONDHOLDERS' MEETINGrate specified in the Bond.