Common use of Extraordinary Redemption Clause in Contracts

Extraordinary Redemption. The Bonds shall be subject to redemption, in whole or in part, on any date, in Authorized Denominations, at the option of the Authority, from and to the extent of Insurance and Condemnation Proceeds received with respect to all or a portion of the Property, deposited by the Trustee in the Redemption Account pursuant to Section 5.03 hereof, at a Redemption Price equal to the principal amount of the Bonds to be redeemed, plus accrued interest thereon to the date of redemption, without premium.

Extraordinary Redemption. The Series 1999 Bonds shall be subject to redemption, in whole or in part, on any date, in Authorized Denominations, at the option of the Authority, from and to the extent of any Net Insurance and Condemnation Proceeds received with respect to all or a portion of the Property, deposited by the Trustee in the Redemption Account Fund pursuant to Section Sections 5.03 and 5.04 hereof, at a Redemption Price equal to the principal amount of the Series 1999 Bonds to be redeemed, plus accrued interest thereon to the date of redemption, without premium.

Extraordinary Redemption. The Bonds shall be are subject to redemptionextraordinary redemption as a whole, in whole or in partpart on a pro rata basis among maturities, on any dateInterest Payment Date, in Authorized Denominations, at and will be redeemed by the option of the AuthorityFiscal Agent, from and Prepayments deposited to the extent of Insurance and Condemnation Proceeds received with respect to all or a portion of Redemption Account, plus amounts transferred from the Property, deposited by the Trustee in the Redemption Account pursuant to Section 5.03 hereofReserve Account, at a Redemption Price redemption price equal to the principal amount to be redeemed, plus a premium expressed below as a percentage of the Bonds to be principal amount so redeemed, plus accrued interest thereon to the date of redemption, without premium.

Extraordinary Redemption. The 2004 Bonds shall be subject to redemption, in whole or in part, on any date, in Authorized Denominations, at the option of the Authority, from and to the extent of any Net Insurance and Condemnation Proceeds received with respect to all or a portion of the Property, deposited by the Trustee in the Redemption Account Fund pursuant to Section Sections 5.03 and 5.04 hereof, at a Redemption Price equal to the principal amount of the 2004 Bonds to be redeemed, plus accrued interest thereon to the date of redemption, without premium.

Extraordinary Redemption. The Bonds shall be subject to redemption, in whole or in part, on any date, in Authorized Denominations, at the option of the Authority, from and to the extent of Insurance and Condemnation any Net Proceeds received with respect to all or a portion of the Property, Property and deposited by the Trustee in the Redemption Account pursuant to Section 5.03 Fund in accordance with the provisions hereof, at a Redemption Price equal to the principal amount of the Bonds to be redeemedthereof, plus accrued interest thereon to the date of fixed for redemption, without premium.