Common use of Extraordinary Optional Redemption Clause in Contracts

Extraordinary Optional Redemption. In the event of a Change of Circumstances, the Series 2019 Bonds shall be subject to redemption and payment prior to the stated maturity, at the option of the Issuer, upon instructions from the Company, on any date at the par value of the principal amount, plus accrued interest to the redemption date, without premium, provided all of the Series 2019 Bonds are so redeemed and paid according to their terms.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

AutoNDA by SimpleDocs

Extraordinary Optional Redemption. In the event of a Change of CircumstancesCircumstances (as defined in the Indenture), the Series 2019 Bonds shall be subject to redemption and payment prior to the stated maturity, maturity thereof at the option of the Issuer, upon instructions from the Company, on any date date, at the par value of the principal amountamount thereof, plus accrued interest thereon to the redemption date, without premium, provided all of the Series 2019 Bonds are so redeemed and paid according to their terms.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

Extraordinary Optional Redemption. In the event of a Change of CircumstancesCircumstances (as defined in the Indenture), the Series 2019 2021 Bonds shall be subject to redemption and payment prior to the stated maturity, maturity thereof at the option of the Issuer, upon instructions from the Company, on any date date, at the par value of the principal amountamount thereof, plus accrued interest thereon to the redemption date, without premium, provided all of the Series 2019 Bonds are so redeemed and paid according to their terms.

Appears in 1 contract

Samples: Trust Indenture

Extraordinary Optional Redemption. In the event of a Change of Circumstances, the Series 2019 2002 Bonds shall be subject to redemption and payment prior to the stated maturitymaturity thereof, at the option of the Issuer, upon instructions from the Company, on at any date time at the par value of a redemption price equal to the principal amountamount thereof, plus accrued interest thereon to the redemption date, without premium, provided all of the Series 2019 Bonds are so redeemed and paid according to their terms.

Appears in 1 contract

Samples: Trust Indenture (Capital Lease Funding Inc)

AutoNDA by SimpleDocs

Extraordinary Optional Redemption. In the event of a Change of Circumstances, the Series 2019 2021 Bonds shall be subject to redemption and payment prior to the stated maturity, at the option of the Issuer, upon instructions from the Company, on any date at the par value of the principal amount, plus accrued interest to the redemption date, without premium, provided all of the Series 2019 2021 Bonds are so redeemed and paid according to their terms.

Appears in 1 contract

Samples: Trust Indenture

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!