Extraordinary Prepayment. The Series 2019B Principal shall be subject to prepayment in the event the Series 2006-1 Lease terminates prior to payment in full of all of the Basic Lease Payments due thereunder, to the extent the Trustee has moneys available for such purpose pursuant to the Series 2019B Trust Agreement and the Series 2006-1 Lease, to the extent and subject to the limitations provided in the Series 2019B Trust Agreement and the Series 2006-1 Lease.
Extraordinary Prepayment. (i) The extraordinary prepayment provisions set forth in Section 7.2(b) and Section 5.4(b) of the Master Lease shall not apply to Basic Lease Payments hereunder represented by the Series 2020A Certificates. Notwithstanding anything in the Series 2020A-1 Lease to the contrary, in lieu of the extraordinary prepayment provisions of Section 5.4(b) of the Master Lease, the amount that would be allocable to the Series 2020A-1 Facilities had they been subject to the extraordinary prepayment provisions of Section 5.4(b) of the Master Lease, shall be used instead in accordance with the following: Such Net Proceeds shall either (1) be applied to pay the Costs of other Facilities, in which case such other Facilities shall become subject to the provisions of this Series 2020A-1 Lease as fully as if they were the originally leased Series 2020A-1 Facilities or (2) at the direction of the School Board, upon delivery to the Trustee of a Favorable Opinion, such Net Proceeds shall be deposited in the Series 2020A-1 Lease Payment Account to be credited against Basic Lease Payments next coming due in accordance with Section 3.2(c) of the Master Lease.
(ii) The principal portion of Basic Lease Payments due under the Series 2020A-1 Lease shall be subject to prepayment in the event the Series 2020A-1 Lease terminates prior to payment in full of all of the Basic Lease Payments, to the extent the Trustee has moneys available for such purpose pursuant to the Trust Agreement, to the extent and subject to the limitations provided in the Master Lease.
Extraordinary Prepayment. The Certificates are subject to prepayment prior to their respective maturity dates on any date, in whole or in part, from Net Proceeds which the Trustee shall deposit in the Prepayment Fund as provided in Section 6.1(c) of the Lease at least 45 days prior to the date fixed for prepayment and credited towards the prepayment made by the City pursuant to Section 10.2(a) of the Lease, at a prepayment price equal to the principal amount thereof together with accrued interest to the date fixed for prepayment, without premium.
Extraordinary Prepayment. The Authority covenants and agrees to inform the Trustee and the Purchaser in writing within five (5) Business Days after the day upon which the Authority is notified of, or otherwise obtains knowledge of, an Extraordinary Mandatory Purchase Event. The deemed date of occurrence of an Extraordinary Mandatory Purchase Event shall be the earliest of the date any of the Authority or the Purchaser learns of the occurrence of such event. Upon the occurrence of an Extraordinary Mandatory Purchase Event, (i) the Purchaser agrees to provide written notice to the Authority and the Trustee specifying the Mandatory Prepayment Date, which shall be a Business Day not less than ninety (90) days following the deemed date of occurrence of the Extraordinary Mandatory Purchase Event, and (ii) the Purchase Price of the Series 2020 D Bonds and all other amounts due and owing under the Series 2020 D Bonds and hereunder and all amounts due and owing under any of the other Related Documents shall automatically become due and payable on the Mandatory Prepayment Date in accordance with the provisions of the Certificate of Determination, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Authority; provided that, notwithstanding the foregoing, the provisions of Section 408(g) of the Certificate of Determination shall apply and provide for the payment of the Redemption Price of the Series 2020 D Bonds on the terms stated therein.
Extraordinary Prepayment.
(a) The Obligated Group shall have the option to prepay all or a portion of the unpaid aggregate amount of the Loan, together with accrued interest to the date of redemption of the 2014A Bonds, from amounts received by the Obligated Group as insurance proceeds with respect to any casualty loss or failure of title or as condemnation awards, upon the occurrence of the following event: Damage or destruction of all or any part (if damage or destruction of such part causes the Operating Assets to be impracticable to operate, as evidenced by an Officer's Certificate filed with the Issuer and the 2014A Bond Trustee) of the Operating Assets by fire or casualty, or loss of title to or use of substantially all of the Operating Assets as a result of the failure of title or as a result of Eminent Domain proceedings or proceedings in lieu thereof.
(b) The Obligated Group shall have the option to prepay all of the unpaid aggregate amount of the Loan, together with accrued interest to the date of prepayment, upon the occurrence of the following event: Changes in the Constitution of the United States of America or of the State or of legislation or administrative action, or failure of administrative action by the United States or the State or any agency or political subdivision of either thereof, or by reason of any judicial decision to such extent that, in the opinion of the Obligated Group Representative, and in the opinion of an independent architect, engineer or management consultant (as may be appropriate for the particular event), both filed with the Issuer and the 2014A Bond Trustee, (i) this Financing Agreement is impossible to perform without unreasonable delay or (ii) unreasonable burdens or excessive liabilities not being imposed on the date hereof are imposed on the Obligated Group. Subject to the provisions of Section 3.04 of the Master Indenture, this Section 7.02 shall not be construed to prohibit the Obligated Group from applying insurance proceeds with respect to any casualty loss or condemnation awards or payments in lieu thereof to the optional prepayment of the Loan in accordance with the provisions of Section 7.01 of this Financing Agreement.
Extraordinary Prepayment. (i) The extraordinary prepayment provisions set forth in Section 7.2(b) and Section 5.4(b) of the Master Lease shall not apply to Basic Lease Payments due under the Series 2022B-2
Extraordinary Prepayment. The Certificates are subject to prepayment prior to their respective maturity dates on any day, in whole or in part, from Net Proceeds which the Trustee shall deposit in the Prepayment Fund as provided in Section 6.1(c) of the Lease at least 45 days prior to the date set for such extraordinary prepayment and credited towards the prepayment made by the District pursuant to Section 10.2 of the Lease, at a prepayment price equal to the principal amount represented thereby, plus accrued interest with respect thereto to the date fixed for prepayment, without premium. In the event that Net Proceeds are to be applied to the prepayment of Certificates when Certificates and Additional Certificates, if any, are Outstanding, the Net Proceeds will be applied to prepay a proportionate amount of Certificates and Additional Certificates based on the Outstanding principal amount and by lot within any maturity or sinking account prepayment.
Extraordinary Prepayment. The Series 2020A Certificates shall be subject to prepayment in the event that either or both of the Series 2020A Leases terminate prior to payment in full of all of the Basic Lease Payments due thereunder, to the extent the Trustee has moneys available for such purpose pursuant to this Series 2020A Trust Agreement and the Series 2020A Leases, to the extent and subject to the limitations provided in the Series 2020A Leases.
Extraordinary Prepayment. Borrower shall have the right at any time, on thirty (30) days prior written notice to Agent and the written consent of all remaining Lenders, to prepay in whole, but not in part, the Obligations payable to any single Lender. Upon any such prepayment, the Revolving Credit Loan Commitment of the Lender receiving the prepayment shall terminate and the Maximum Revolving Credit Loan shall, unless otherwise agreed to in writing by Lenders, be reduced by an amount equal to the product of (i) such Lender's Revolving Credit Percentage, times (ii) the Maximum Revolving Credit Loan then otherwise in effect. Any amounts due under Section 2.10 as a result of such prepayment shall be paid on the date the prepayment occurs.
Extraordinary Prepayment. (i) The extraordinary prepayment provisions set forth in Section 7.2(b) and Section 5.4(b) of the Master Lease shall not apply to Basic Lease Payments due under the Series 2020A-2 Lease.
(ii) The principal portion of Basic Lease Payments due under the Series 2020A-2 Lease shall be subject to prepayment in the event the Series 2020A-2 Lease terminates prior to payment in full of all of the Basic Lease Payments, to the extent the Trustee has moneys available for such purpose pursuant to the Trust Agreement, to the extent and subject to the limitations provided in the Master Lease.
