Common use of Mandatory Application of Certain Amounts in Redemption Fund to Redemption of Bonds Clause in Contracts

Mandatory Application of Certain Amounts in Redemption Fund to Redemption of Bonds. In accordance with and for purposes of subsection (ii) of this Section 4.1(c), if and to the extent that Bonds are redeemed pursuant to subsection (c)(i) hereof, the Bonds to be redeemed shall be selected from all maturities, including Sinking Fund Installments on the Term Bonds, on a pro rata basis.

Appears in 4 contracts

Samples: Indenture of Trust, Indenture of Trust, Indenture of Trust

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Mandatory Application of Certain Amounts in Redemption Fund to Redemption of Bonds. In accordance with and for purposes of subsection (ii) of this Section 4.1(c), if and to the extent that Series A Bonds are redeemed pursuant to subsection (c)(i) hereof, the Series A Bonds to be redeemed shall be selected from all maturities, including Sinking Fund Installments on the Series A Term Bonds, on a pro rata basis.

Appears in 1 contract

Samples: Indenture of Trust

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