Common use of Bonds Redeemed in Part Clause in Contracts

Bonds Redeemed in Part. Upon the surrender of any Bond which is to be redeemed only in part at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Bond, without service charge, a new Bond or Bonds of the same series and Tranche, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered.

Appears in 6 contracts

Samples: Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp)

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Bonds Redeemed in Part. Upon the surrender of any Any Bond which that is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company Issuer and the Trustee duly executed by, the Holder thereof or his its attorney duly authorized in writing), and the Company Issuer shall execute, and the Trustee shall authenticate and deliver make available for delivery to the Holder of such Bond, Bond without service charge, a new Bond or Bonds of the same series and Trancheseries, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount equal to and in exchange for the unredeemed portion of the remaining unpaid principal amount of the Bond so surrendered.

Appears in 3 contracts

Samples: Guarantee Agreement (Somerset Power LLC), Indenture (NRG Energy Inc), Northeast Generation Co

Bonds Redeemed in Part. Upon the surrender of any Bond which is to be redeemed only in part at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Bond, without service charge, a new Bond or Bonds of the same series and Trancheseries, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered.

Appears in 1 contract

Samples: Indenture (PACIFIC GAS & ELECTRIC Co)

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Bonds Redeemed in Part. Upon the surrender of any Any Bond which that is to be ---------------------- redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company Issuer and the Trustee duly executed by, the Holder thereof or his its attorney duly authorized in writing), and the Company Issuer shall execute, and the Trustee shall authenticate and deliver make available for delivery to the Holder of such Bond, Bond without service charge, a new Bond or Bonds of the same series and Trancheseries, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount equal to and in exchange for the unredeemed portion of the remaining unpaid principal amount of the Bond so surrendered.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

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