Extraordinary Mandatory Redemption. (1) The Class A Bonds maturing on December 1, 2017 and the Class B Bonds maturing on or after December 1, 2016 are subject to extraordinary mandatory redemption prior to maturity on or after December 1, 2015, upon notice from the Sponsor to the Trustee of the optional total prepayment of the 49C Notes by 49C, as a whole on any Interest Payment Date set forth below at the redemption prices (expressed as a percentage of the principal amount redeemed) set forth below, plus accrued interest to the redemption date. Interest Payment Dates Redemption Price ---------------------- ---------------- December 1, 2015 and June 1, 2016 102% December 1, 2016 and June 1, 2017 101%
(2) The Bonds shall be subject to extraordinary mandatory redemption from monies received by the Trustee constituting Note prepayments, in whole or in part to the extent of such monies received by the Trustee, upon notice from the Sponsor to the Trustee that the 49C Notes have become subject to mandatory prepayment in whole due to casualty or condemnation with respect to all or substantially all of the Project, at a price equal to one hundred percent (100%) of the principal amount thereof, plus accrued interest thereon to the redemption date, on the Interest Payment Date for which required notice can be given and which next follows receipt by the Trustee of monies constituting such Note prepayments.
(3) If not all of the Outstanding Bonds can be redeemed from monies received by the Trustee pursuant to Section 2.15(b)(2), the Trustee shall apply all monies so received to redeem the Outstanding Bonds in part, which redemption shall be made pro rata among the Holders of the Outstanding Bonds. In connection with any such partial redemption prior to maturity, the Trustee shall make appropriate entries in the Bond Register to reflect the portion of any Bond so redeemed and the amount of the principal remaining outstanding. The Trustee's notation in the Bond Register shall be conclusive as to the principal amount of any Bond Outstanding at any time.
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. 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 Bonds shall be subject to mandatory redemption in whole on any date at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the redemption date within 180 days after receipt by the Trustee of written notice of a Determination of Taxability (as defined in the Loan Agreement).
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. If the rate of interest on the Bonds has been converted to a Fixed Rate and in connection with such conversion a Fixed Rate Letter of Credit has been delivered to the Tender Agent, then the Bonds shall be redeemed, at a price equal to the principal amount thereof plus accrued interest to the redemption date, on the Interest Payment Date immediately preceding the expiration date of the Fixed Rate Letter of Credit then in effect, if such Letter of Credit shall not have been extended or replaced in accordance with Section 7.06 or Section 7.07(b) and (c). -68- 74 Section 9.07. [Intentionally Omitted.]
Extraordinary Mandatory Redemption. (a) The Bonds shall be subject to extraordinary mandatory redemption by the Company, pro rata, at a redemption price equal to the outstanding principal amount thereof plus accrued and unpaid interest and any Registration Default Damages to the date fixed for redemption if (1) (a) an event occurs which triggers the mandatory redemption or repurchase of any or all of the Project Securities pursuant to the terms of the Project Indenture and (b) any funds so required to be applied to such redemption or repurchase remain after giving effect to such redemption or repurchase of Project Securities, and such excess funds equal at least $2 million and are distributed to NE LP or NE LLC or (2) a buyout or similar payment is made to a Partnership under any Power Purchase Agreement and any such funds are distributed to NE LP or NE LLC in accordance with the terms of the Project Indenture and terms of the Indenture, provided that, in each such case, only such funds so distributed must be applied to the extraordinary mandatory redemption.
(b) Any redemption pursuant to this Section 3.09 shall be made pursuant to the provisions of Section 3.01 through 3.06 hereof.
Extraordinary Mandatory Redemption. The Bonds are subject to extraordinary mandatory redemption in whole after receipt by the Trustee of the Authority’s written direction that either of the following events has occurred:
(i) if the Borrower ceases to operate the Project, or to cause the Project to be operated, as an authorized “project” under the Act for twelve (12) consecutive months, without first obtaining the prior written consent of the Authority; or
(ii) if any representation or warranty made by the Borrower in the Loan Agreement or in any report, certificate, financial statements or other instrument furnished by the Borrower in connection with the Loan Agreement shall prove to be false or misleading in many material respect when made.
Extraordinary Mandatory Redemption. The Bonds are subject to extraordinary mandatory redemption in whole after receipt by the Trustee of the Authority’s written direction that either of the following events has occurred:
