Common use of Extraordinary Optional Redemption Clause in Contracts

Extraordinary Optional Redemption. Subject to the conditions set forth in the Agreement, any Bond is subject to extraordinary optional redemption by the Authority upon the direction of the Company, on any date, upon the occurrence of the events described in Section 4.01(b) (redemption in whole or in part) of the Agreement, at a redemption price equal to the principal amount thereof plus accrued and unpaid interest, if any, to the date of such redemption.

Appears in 5 contracts

Samples: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Tampa Electric Co)

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Extraordinary Optional Redemption. Subject to the conditions set forth in the Agreement, any (i) This Bond is subject to extraordinary optional redemption by the Authority upon Company in whole at any time at a Redemption Price equal to 100% of its principal amount, together with accrued interest to the direction of the Company, on any dateRedemption Date, upon the occurrence happening of any of the events described in Section 4.01(b) (redemption in whole or in part) of the Agreement, at a redemption price equal to the principal amount thereof plus accrued and unpaid interest, if any, to the date of such redemption.following events:

Appears in 1 contract

Samples: Old Dominion Electric Cooperative

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Extraordinary Optional Redemption. Subject to the conditions set forth in the Agreement, any Bond is The Bonds are subject to extraordinary optional redemption by the Authority upon the direction of the Company, on any date, upon the occurrence of the events described in Section 4.01(b) (redemption in whole or in part) part as provided herein at any time in the event of the Agreement, at a redemption price equal exercise by the Obligated Group of its option under Section 7.1 of the Agreement to prepay its obligations under the principal amount thereof plus accrued and unpaid interest, if any, to Agreement in the date of such redemption.event that:

Appears in 1 contract

Samples: Trust Indenture

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