Compliance with Prior Agreements. The Company hereby confirms its obligations under the Prior Agreement to furnish any moneys required to be deposited with the Prior Trustee under the Prior Indenture in order to redeem the Prior Bonds on the date such bonds have been called for redemption (the “Redemption Date”), to the extent that the proceeds of the Bonds on deposit in the bond fund established for the Prior Bonds, together with any investment earnings thereon, is less than the amount required to pay the principal of and applicable redemption premium and interest on the Prior Bonds upon their redemption on the Redemption Date, in accordance with the terms and conditions of the Prior Indenture.
Appears in 1 contract
Samples: Loan Agreement (Northwestern Corp)
Compliance with Prior Agreements. The Company hereby confirms its obligations under the Prior Agreement Agreements to furnish any moneys required to be deposited with the Prior Trustee under the Prior Indenture Indentures in order to redeem the Prior Bonds on the date such bonds have been called for redemption (the “"Redemption Date”"), to the extent that the proceeds of the Bonds on deposit in each of the bond fund funds established for the Prior Bonds, together with any investment earnings thereon, is less than the the. amount required to pay the principal of and applicable redemption premium and interest on the Prior Bonds upon their redemption on the Redemption Date, in accordance with the terms and conditions of the Prior IndentureIndentures.
Appears in 1 contract
Samples: Loan Agreement (Northwestern Corp)
Compliance with Prior Agreements. The Company hereby confirms its obligations under the Prior Agreement Agreements to furnish any moneys required to be deposited with the Prior Trustee Trustees under the Prior Indenture Indentures in order to redeem the Prior Bonds on the date such bonds have been called for redemption (the “Redemption Date”), to the extent that the proceeds of the Bonds on deposit in the bond fund established for the Prior BondsBond Funds, together with any investment earnings thereon, is less than the amount required to pay the principal of and applicable redemption premium and interest on the Prior Bonds upon their redemption on the Redemption Date, in accordance with the terms and conditions of the Prior IndentureIndentures.
Appears in 1 contract
Samples: Loan Agreement (Idaho Power Co)
Compliance with Prior Agreements. The Company hereby confirms its obligations under the Prior Agreement Agreements to furnish any moneys required to be deposited with the Prior Trustee under the Prior Indenture Indentures in order to redeem the Prior Bonds on the date such bonds have been called for redemption (the “Redemption Date”), to the extent that the proceeds of the Bonds on deposit in the bond fund established for the Prior BondsBond Funds, together with any investment earnings thereon, is less than the amount required to pay the principal of and applicable redemption premium and interest on the Prior Bonds upon their redemption on the Redemption Date, in accordance with the terms and conditions of the Prior IndentureIndentures.
Appears in 1 contract
Samples: Loan Agreement (Enron Corp/Or/)