Common use of Bonds Purchased in Lieu of Redemption Clause in Contracts

Bonds Purchased in Lieu of Redemption. Pursuant to Section 5.6 of the Indenture, the Company is given the right to purchase Bonds in lieu of redemption. Provided that, prior to the date that any such Bonds are sold by the Company, the Company shall receive a Favorable Opinion of Bond Counsel.

Appears in 3 contracts

Samples: Loan Agreement (York Water Co), Loan Agreement (York Water Co), Loan Agreement (York Water Co)

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Bonds Purchased in Lieu of Redemption. Pursuant to Section 5.6 5.5 of the Indenture, the Company is given the right to purchase Bonds in lieu of redemption. Provided that, prior to the date provided that any such Bonds are sold by the Company, the Company so purchased shall receive a Favorable Opinion of Bond Counselbe retired and not remarketed.

Appears in 2 contracts

Samples: Loan Agreement (York Water Co), Loan Agreement (York Water Co)

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Bonds Purchased in Lieu of Redemption. Pursuant to Section 5.6 of the Indenture, the Company is given the right to purchase Bonds in lieu of redemption. Provided that, prior to the date provided that any such Bonds are sold by the Company, the Company so purchased shall receive a Favorable Opinion of Bond Counselbe retired and not remarketed.

Appears in 1 contract

Samples: Loan Agreement (York Water Co)

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