Extraordinary Mandatory Redemption. The Bonds are subject to extraordinary mandatory redemption by the Authority, in whole, on the Interest Payment Date immediately preceding the termination of the Initial Letter of Credit on September 15, 2000 (the "Letter of Credit Maturity Date") or the Interest Payment Date immediately preceding the Letter of Credit Maturity Date of an Alternate Letter of Credit, at a Redemption Price equal to 100% of the principal amount thereof, in the event the Borrower does not provide the Trustee, at least sixty (60) days prior to the Letter of Credit Maturity Date, with (i) written notice from the Letter of Credit Issuer to the Trustee that the Letter of Credit will be renewed by the Letter of Credit Issuer upon the Letter of Credit Maturity Date, which Letter of Credit shall have an expiration date of September 15 of any subsequent year or written notice from another bank to the Trustee that an Alternate Letter of Credit will be issued on or prior to the Letter of Credit Maturity Date, which Alternate Letter of Credit shall have an expiration date of September 15 of any subsequent year, and (ii) (A) an Alternate Letter of Credit meeting the requirements of Section 404(d)(i) of the Indenture which shall be presented to the Trustee at least sixty (60) days prior to the Letter of Credit Maturity Date and (B) the documents required to be delivered in Section 404(d)(ii) of the Indenture sixty (60) days prior to the Letter of Credit Maturity Date.
Extraordinary Mandatory Redemption. The Series 2019 Bonds are subject to extraordinary mandatory redemption in whole by the Issuer in the event the Lease is terminated for any reason. When any Bonds are called for redemption pursuant to the optional redemption previously described, unless waived by the Owner of this Bond, notice thereof identifying the Bonds to be redeemed will be given by mailing a copy of the redemption notice at least 30 days prior to the date fixed for redemption to the Owner of this Bond at the address shown on the registration books maintained by the Trustee; provided, however, that failure to give such notice by mailing as aforesaid, or any defect therein, shall not affect the validity of any proceedings for the redemption of Bonds. All Bonds called for redemption will cease to bear interest on the specified redemption date and shall no longer be secured by the Indenture and shall not be deemed to be Outstanding under the provisions of the Indenture. The Series 2019 Bonds and the interest thereon are limited obligations of the Issuer payable exclusively out of the Trust Estate under the Indenture, including but not limited to the rents, revenues and receipts under the Lease, and are secured by a pledge of the Project (including any Project Additions) as described in the Lease and a pledge and assignment of the Trust Estate, including all rentals and other amounts to be received by the Issuer under and pursuant to the Lease, all as provided in the Indenture. The Bonds and the interest thereon do not constitute a debt or general obligation of the Issuer, the State of Kansas or any municipal corporation thereof, and are not payable in any manner by taxation. The Bonds shall not constitute an indebtedness within the meaning of constitutional or statutory debt limitations or restrictions. Pursuant to the provisions of the Lease, Basic Rent is to be paid by the Company directly to the Trustee for the account of the Issuer and deposited in a special trust account created by the Issuer and designated “City of Xxxxxx Springs, Kansas, Principal and Interest Payment Account for Industrial Revenue Bonds (Taxable Under Federal Law) Series 2019 (Reddi Services Project).” No Owner of Bonds shall have the right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any event of default under the Indenture, or to institute, appear in or defend any suit or other proceedings with respect thereto, except a...
Extraordinary Mandatory Redemption. The Series 2019 Bonds are subject to extraordinary mandatory redemption in whole by the Issuer in the event the Lease is terminated for any reason. At its option, the Company may deliver to the Trustee for cancellation the Series 2019 Bonds in any aggregate principal amount desired and receive a credit in respect to the payment of the applicable portion of the principal amount thereof pursuant to this Section. Such credit shall only apply to the extent the applicable principal portion of such Series 2019 Bonds has not been previously canceled by the Trustee or previously applied as a credit against any redemption or payment obligation hereunder. Each Series 2019 Bond so delivered shall be credited at 100% of the Outstanding principal amount on the obligation of the Issuer on the next redemption or payment date, and any excess of such amount shall be credited on future redemption or payment obligations for such Series 2019 Bonds. The cancellation of Series 2019 Bonds pursuant to this Section shall not result in Series 2019 Bonds Outstanding being in any amount less than an Authorized Denomination. If the Company intends to exercise the option granted by the preceding paragraph, the Company will furnish the Trustee and the Issuer with a certificate signed by its Authorized Company Representative indicating what portion of the principal amount of the Series 2019 Bonds will be cancelled and applied as a credit against redemption or payment obligations. Notwithstanding any provision herein to the contrary, it is the intent of the parties that ownership of the Bonds by the Company does not, in and of itself, extinguish the obligation for payment of the principal of and interest on the Bonds.
Extraordinary Mandatory Redemption. The Bonds are subject to extraordinary mandatory redemption in whole at a redemption price of 100% of the principal amount thereof plus accrued interest to the date fixed for redemption from proceeds of prepayment of the Collateral.
Extraordinary Mandatory Redemption. The Series 2021 Bonds are subject to extraordinary mandatory redemption in whole by the Issuer in the event the Base Lease and the Lease are terminated for any reason.
Extraordinary Mandatory Redemption. If the Lease is terminated by reason of the occurrence of:
Extraordinary Mandatory Redemption. The 2023 Certificates shall be called for redemption in whole in the event that the Lease Term is terminated by reason of the occurrence of an Event of Nonappropriation or an Event of Default under the Lease, as further provided in Section 4.3 hereof. If called for redemption pursuant to this Section 4.2, the 2023 Certificates shall be redeemed on such date as the Trustee may determine to be in the best interests of the Owners, and shall be redeemed for a redemption price equal to the principal amount thereof plus accrued interest to the redemption date (subject, however, to the provisions of Section 4.3 hereof).
Extraordinary Mandatory Redemption. (a) The Bonds are subject to extraordinary mandatory redemption:
Extraordinary Mandatory Redemption. Notwithstanding anything to the contrary in the Indenture, if the closing under the purchase agreement among the Issuer, ICA Panama and Xxxxxxx Xxxxx (See “Plan of Distribution”) does not occur, but notes are issued against payment by local brokers in Panama, the Issuer will promptly cause all of such notes to be redeemed by payment to the Indenture Trustee of an amount in dollars equal to the aggregate principal amount of such notes (and no interest, Additional Amounts, Make-Whole Premium or other amounts shall accrue or be payable in respect of such notes). If the Issuer is required to effect an extraordinary mandatory redemption of notes, the Issuer will notify the Indenture Trustee in writing of the redemption date and the principal amount of notes to be redeemed. Promptly after the Closing Date, the Indenture Trustee will notify the Noteholders of the date of redemption of notes in accordance with the procedures of the relevant depository applicable to redemption. The date of such redemption will occur no later than 15 days from the date of the notice of redemption.
Extraordinary Mandatory Redemption. The Certificates are subject to Extraordinary Mandatory Redemption in whole in the event that the Lease Term is terminated by reason of the occurrence of an Event of Nonappropriation or an Event of Default under the Lease, as further provided in Section 4.2 of the Indenture. EXHIBIT A PRELIMINARY OFFICIAL STATEMENT [See Tab 3 for Preliminary Official Statement] EXHIBIT B FORM OF ISSUE PRICE CERTIFICATE [Form to be completed for execution of Certificate Purchase Agreement.] The undersigned, on behalf of RBC Capital Markets, LLC (the “Representative”) and the other members of the underwriting syndicate (together, the “Underwriting Group”), hereby certifies as set forth below with respect to the sale and issuance of the Certificates of Participation, Series 2023, Evidencing Assignments of Proportionate Interests in Rights to Receive Certain Revenues Pursuant to the Lease Purchase Agreement, between ASSET ACQUISITION AUTHORITY, INC., as Lessor, and REGIONAL TRANSPORTATION DISTRICT, (Colorado), as Lessee (the “Certificates”).
