Common use of Concurrent Discharge of First Mortgage Bonds Clause in Contracts

Concurrent Discharge of First Mortgage Bonds. If any 2016 Series A Bond shall be paid and discharged pursuant to any provision of this Agreement, so that the 2016 Series A Bond is not thereafter Outstanding, a like principal amount of First Mortgage Bonds shall be deemed fully paid and the obligations of the Company thereunder terminated. Thereupon, the Trustee shall deliver to the First Mortgage Trustee such like principal amount of First Mortgage Bonds for cancellation pursuant to Section 2.22 of the Indenture.

Concurrent Discharge of First Mortgage Bonds. If any 2016 2023 Series A Bond shall be paid and discharged pursuant to any provision of this Agreement, so that the 2016 2023 Series A Bond is not thereafter Outstanding, a like principal amount of First Mortgage Bonds shall be deemed fully paid and the obligations of the Company thereunder terminated. Thereupon, the Trustee shall deliver to the First Mortgage Trustee such like principal amount of First Mortgage Bonds for cancellation pursuant to Section 2.22 of the Indenture.

Concurrent Discharge of First Mortgage Bonds. If any 2016 2023 Series A Bond shall be paid and discharged pursuant to any provision of this Agreement, so that the 2016 2023 Series A Bond is not thereafter Outstanding, a like principal amount of First Mortgage Bonds shall be deemed fully paid and the obligations of the Company thereunder terminated. Thereupon, the Trustee shall deliver to the First Mortgage Trustee such like principal amount of First Mortgage Bonds for cancellation pursuant to Section 2.22 of the Indenture.. ARTICLE XI MISCELLANEOUS Section 11.1

Concurrent Discharge of First Mortgage Bonds. If any 2016 2017 Series A Bond shall be paid and discharged pursuant to any provision of this Agreement, so that the 2016 2017 Series A Bond is not thereafter Outstanding, a like principal amount of First Mortgage Bonds shall be deemed fully paid and the obligations of the Company thereunder terminated. Thereupon, the Trustee shall deliver to the First Mortgage Trustee such like principal amount of First Mortgage Bonds for cancellation pursuant to Section 2.22 of the Indenture.