Common use of Mandatory Purchase of Bonds Clause in Contracts

Mandatory Purchase of Bonds. (a) Any Bonds shall be subject to mandatory purchase at a purchase price equal to 100% of the principal amount thereof plus accrued interest thereon, on the dates stated below; provided that if any such date is an Interest Payment Date, the purchase price shall be equal only to the principal amount of such Bond, together with any premium payable under subsection (ii) below:

Appears in 5 contracts

Samples: Indenture of Trust (Southwest Gas Corp), Indenture of Trust (Southwest Gas Corp), Indenture of Trust (Southwest Gas Corp)

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Mandatory Purchase of Bonds. (a) Any Bonds Bonds, other than the Series 1999A Bonds, shall be subject to mandatory purchase at a purchase price equal to 100% of the principal amount thereof plus accrued interest thereon, on unless the dates stated below; provided that if any such date Mandatory Purchase Date is an Interest Payment Date, on the purchase price shall be equal only to the principal amount of such Bond, together with any premium payable under subsection (ii) dates stated below:

Appears in 1 contract

Samples: Financing Agreement (Southwest Gas Corp)

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