Common use of Mandatory Purchase on Conversion Date Clause in Contracts

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole on the Conversion Date at a purchase price equal to one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of purchase, on the Conversion Date; provided that there shall not be so purchased (1) Bonds or portions thereof in authorized denominations with respect to which the Trustee shall have received Optional Retention Notices from the owners thereof, and (2) Bonds issued in exchange for or upon the registration of transfer of Bonds or portions thereof in authorized denominations referred to in (1) above.

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole on the Conversion Date at a purchase price Purchase Price equal to one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of purchase, on the Conversion Date; provided that there shall not be so purchased (1) Bonds or portions thereof in authorized denominations with respect to which the Trustee shall have received Optional Retention Notices from the owners thereof, and (2) Bonds issued in exchange for or upon the registration of transfer of Bonds or portions thereof in authorized denominations referred to in (1) above.

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole on the Conversion Date at a purchase price equal to one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued, if any, thereon to the date of purchase, on the Conversion Date; provided that there shall not be so purchased (1) Bonds or portions thereof in authorized denominations with respect to which the Trustee shall have received Optional Retention Notices from the owners thereof, and (2) Bonds issued in exchange for or upon the registration of transfer of Bonds or portions thereof in authorized denominations referred to in (1) above. Purchases under this Section 7.1(b) shall be in accordance with Section 2.2(e) hereof.