Common use of Mandatory Prepayment Upon Extraordinary Mandatory Redemption Clause in Contracts

Mandatory Prepayment Upon Extraordinary Mandatory Redemption. In the event the Trustee calls the Series 20 Bonds for extraordinary mandatory redemption pursuant to Section 5.1(b) of the Indenture, the Borrower shall deliver to the Trustee any insurance or condemnation proceeds related to the damage or condemnation of all or any portion of the Leased Premises. The extraordinary mandatory redemption of Series 20 Bonds with such proceeds shall be deemed prepayment of the Notes in the same amount as Series 20 Bonds redeemed. (End of Article IV)

Mandatory Prepayment Upon Extraordinary Mandatory Redemption. In the event the Trustee calls the Series 20 2020 Bonds for extraordinary mandatory redemption pursuant to Section 5.1(b) of the Indenture, the Borrower shall deliver to the Trustee any insurance or condemnation proceeds related to the damage or condemnation of all or any portion of the Leased Premises. The extraordinary mandatory redemption of Series 20 2020 Bonds with such proceeds shall be deemed prepayment of the Notes in the same amount as Series 20 2020 Bonds redeemed. (End of Article IV)