Common use of Mandatory Purchase on Conversion Date Clause in Contracts

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase at 100% of the principal amount thereof, without premium, plus accrued interest, if any, thereon to the date of purchase, on the Conversion Date. Any Bonds not tendered on the Conversion Date shall be deemed tendered and will cease to bear interest on the Conversion Date.

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase in whole at 100% of the principal amount thereof, without premium, plus accrued interest, if any, thereon to the date of purchase, on the Conversion Date. Any Bonds not tendered on the Conversion Date shall be deemed tendered and will cease to bear interest on the any Conversion Date.

Mandatory Purchase on Conversion Date. The Bonds shall be subject to mandatory purchase at 100% of a purchase price equal to the principal amount thereof, without premiumplus, if the Interest Rate Mode is the Long-Term Rate, the redemption premium which would be payable under Section 8.01(b) hereof if the Bonds were redeemed on the Purchase Date, plus accrued interest, if any, thereon to the date of purchase, Purchase Date on the Conversion Date. Any Bonds not tendered on the each Conversion Date shall be deemed tendered and will cease to bear interest on the Conversion Datefor any Conversion.

Mandatory Purchase on Conversion Date. The As provided in Section 203(a), the Bonds shall be subject to mandatory purchase at 100% of the principal amount thereof, without premium, plus accrued interest, if any, thereon to the date of purchase, on the Conversion Date. Any Bonds not tendered on the Conversion Date shall be deemed tendered and will cease to bear interest on the any Conversion Date.