Common use of Home Office Payment Clause in Contracts

Home Office Payment. With respect to all Holders of the 2020 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 Bonds for principal, Make-Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 Bond, such Holder shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 Bond to the Company in exchange for a new 2020 Bond or 2020 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 2 contracts

Samples: Indenture (Texas New Mexico Power Co), Texas New Mexico Power Co

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Home Office Payment. With respect to all Holders of the 2020 2022 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2022 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2022 Bonds for principal, Make-Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2022 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2022 Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2022 Bond, such Holder shall surrender such 2022 Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2022 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2022 Bond to the Company in exchange for a new 2020 2022 Bond or 2020 2022 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Texas New Mexico Power Co), Supplemental Indenture (Texas New Mexico Power Co)

Home Office Payment. With respect to all Holders of the 2020 2021 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2021 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2021 Bonds for principal, Make-Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2021 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2021 Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2021 Bond, such Holder shall surrender such 2021 Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2021 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2021 Bond to the Company in exchange for a new 2020 2021 Bond or 2020 2021 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 2 contracts

Samples: Fourteenth Supplemental Indenture (Texas New Mexico Power Co), Bond Purchase Agreement (Public Service Co of New Mexico)

Home Office Payment. With respect to all Holders of the 2020 2024 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2024 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2024 Bonds for principal, Make-Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2024 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2024 Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2024 Bond, such Holder shall surrender such 2024 Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2024 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2024 Bond to the Company in exchange for a new 2020 2024 Bond or 2020 2024 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Texas New Mexico Power Co), Twentieth Supplemental Indenture (Texas New Mexico Power Co)

Home Office Payment. With respect to all Holders of the 2020 2018A Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2018A Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2018A Bonds for principal, Make-Whole Make‑Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2018A Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2018A Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2018A Bond, such Holder shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2018A Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2018A Bond to the Company in exchange for a new 2020 2018A Bond or 2020 2018A Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

Home Office Payment. With respect to all Holders of the 2020 2016A Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2016A Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2016A Bonds for principal, Make-Whole Make‑Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2016A Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2016A Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2016A Bond, such Holder shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2016A Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2016A Bond to the Company in exchange for a new 2020 2016A Bond or 2020 2016A Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

Home Office Payment. With respect to all Holders of the 2020 2023 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2023 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2023 Bonds for principal, Make-Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2023 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2023 Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2023 Bond, such Holder shall surrender such 2023 Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2023 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2023 Bond to the Company in exchange for a new 2020 2023 Bond or 2020 2023 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 1 contract

Samples: Indenture (Texas New Mexico Power Co)

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Home Office Payment. With respect to all Holders of the 2020 2017A Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2017A Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2017A Bonds for principal, Make-Whole Make‑Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2017A Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2017A Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2017A Bond, such Holder shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2017A Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2017A Bond to the Company in exchange for a new 2020 2017A Bond or 2020 2017A Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 1 contract

Samples: Eighth Supplemental Indenture (Texas New Mexico Power Co)

Home Office Payment. With respect to all Holders of the 2020 2019 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2019 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2019 Bonds for principal, Make-Whole Make‑Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2019 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 2019 Bond or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2019 Bond, such Holder shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2019 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2019 Bond to the Company in exchange for a new 2020 2019 Bond or 2020 2019 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Texas New Mexico Power Co)

Home Office Payment. With respect to all Holders of the 2020 2019 Bonds on the date hereof and any Institutional Investor that subsequently becomes a Holder of a 2020 2019 Bond and complies with the provisions of this Section 2.09(b), all sums becoming due on the 2020 2019 Bonds for principal, Make-Whole Make‑Whole Amount, if any, interest and all other amounts due hereunder to each Holder of a 2020 2019 Bond shall be paid to each such Holder by the method and at the address of such Holder in the Security Register, without the presentation or surrender of such 2020 Bond 2019 Xxxx or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any 2020 2019 Bond, such Holder shall surrender such Bond for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 2.09(a). Prior to any sale, transfer or other disposition of any 2020 2019 Bond held on the date hereof by a Holder or its nominee, such Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such 2020 2019 Bond to the Company in exchange for a new 2020 2019 Bond or 2020 2019 Bonds pursuant to Section 3.05 of the Original Indenture.

Appears in 1 contract

Samples: Tenth Supplemental Indenture (Texas New Mexico Power Co)

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