Common use of Bonds Redeemed in Part Clause in Contracts

Bonds Redeemed in Part. Any Bond which is to be redeemed only in part may be surrendered at the Corporate Trust Office (with, if the Owner Trustee or Indenture Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Owner Trustee and the Indenture Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Lessee shall cause to be prepared, the Owner Trustee shall execute, and the Indenture Trustee shall authenticate and deliver to the Holder of such Bond, without service charge, a new Bond or Bonds of the same series, in any authorized denomination requested by such Holder and in an aggregate unpaid principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered."

Bonds Redeemed in Part. Any Bond which that is to be redeemed only in part may shall be surrendered at the Corporate Trust Office a Place of Payment therefor (with, if the Owner Trustee Funding Corporation, the Partnership or Indenture the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Owner Trustee Funding Corporation, the Partnership and the Indenture Trustee duly executed by, the Holder thereof or his its attorney duly authorized in writing), and the Lessee shall cause to be prepared, Funding Corporation and the Owner Trustee Partnership shall execute, and the Indenture 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, in of any authorized denomination requested by such Holder and of like tenor and in an aggregate unpaid principal amount equal to and in exchange for the unredeemed portion of the remaining unpaid principal amount of the Bond so surrendered."