Common use of Extraordinary Optional Redemption Clause in Contracts

Extraordinary Optional Redemption. The Company shall have, subject to the conditions hereinafter imposed, the option during a Term Rate Period to direct the redemption of the Bonds in whole upon the occurrence of the event described below in paragraph (c) and in part upon the occurrence of the other events described below in accordance with the applicable provisions of the Indenture. In the event that any of the events described below affect less than all of the Project Facilities and the Generating Station which they serve, the Bonds may be redeemed in an amount equal to the outstanding principal amount of the Bonds multiplied by the following allocable percentage figures for each Project Facility: 48% for Unit No. 7 at the Generating Station and 52% for Unit No. 8 at the Generating Station.

Extraordinary Optional Redemption. The Company shall have, subject to the conditions hereinafter imposed, the option during a Term Rate Period to direct the redemption of the Bonds in whole upon the occurrence of the event described below in paragraph (c) and in part upon the occurrence of the other events described below in accordance with the applicable provisions of the Indenture. In the event that any of the events described below affect less than all of the Project Facilities and the Generating Station Stations which they serve, the Bonds may be redeemed in an amount equal to the outstanding principal amount of the Bonds multiplied by the following allocable percentage figures for each Project Facility: 7% for the Xxxxxxxxx Generating Station, 48% for Unit No. 7 at the Xxxxxx Generating Station and 52Station, 1%, for the Wabash River Generating Station, 1% for Unit No. 8 at the Edwardsport Generating Station, and 43% for the Cayuga Generating Station.

Extraordinary Optional Redemption. The Company shall have, subject to the conditions hereinafter imposed, the option during a Term Rate Period to direct the redemption of the Bonds in whole upon the occurrence of the event described below in paragraph (c) and in part upon the occurrence of the other events described below in accordance with the applicable provisions of the Indenture. In the event that any of the events described below affect less than all of the Project Facilities and the Generating Station Stations which they serve, the Bonds may be redeemed in an amount equal to the outstanding principal amount of the Bonds multiplied by the following allocable percentage figures figure for each Project Facility, to-wit: 4843.5% for Unit No. 7 at the Generating Station and 52Facility 1, 1% for Unit No. 8 at the Generating StationFacility 2, 0% for Facility 3, 0% for Facility 4, 5% for Facility 5, 44.5% for Facility 6, 0% for Facility 7 and 6% for Facility 8.