Common use of Notice of Prepayments; Issuer to Effect Redemption Clause in Contracts

Notice of Prepayments; Issuer to Effect Redemption. If the Company shall be required or determines to make any payments, or cause any payments to be made, pursuant to subsections (a), (b), (c) or (d) of Section 4.3 hereof, it shall give notice In writing of such intention to the Issuer and the Trustee, which notice shall state the provisions of the Indenture under which the Issuer is to apply such payment. In such event or in the event that moneys in the Bond Fund in respect of the Project Bonds are sufficient to redeem all the Project Bonds then outstanding under the Indenture and to pay interest to accrue thereon to the redemption date, the Issuer (or the Company upon the request and on behalf of the Issuer) will, but only upon the direction of the Company, forthwith take all steps that may be necessary to effect the redemption of all or part of the then outstanding Project Bonds as specified by the Company, on the earliest redemption date on which such redemption may be made under the applicable provisions of the Indenture. Except as otherwise provided in said subsections (c) and (d) of Section 4.3 hereof, such notice must be received by the Issuer and the Trustee prior to the first date on which the Issuer would be required to give notice to the Trustee or to take any other action in respect to the Issuer's right to effect the redemption of Bonds pursuant to the appropriate provision of the Indenture.

Notice of Prepayments; Issuer to Effect Redemption. If the Company shall be required or determines to make any payments, or cause any payments to be made, pursuant to subsections (a), (b), (c) or (d) of Section 4.3 hereof4.3, it shall give notice In in writing of such intention to the Issuer and the Trustee, which notice shall state the provisions of the Indenture under which the Issuer is to apply such payment. In such event or in the event that moneys in the Bond Fund in respect of the Project Bonds are sufficient to redeem all the Project Bonds then outstanding under the Indenture and to pay interest to accrue thereon to the redemption date, the Issuer (or the Company upon the request and on behalf of the Issuer) will, but only upon the direction of the Company, forthwith take all steps that may be necessary to effect the redemption of all or part of the then outstanding Project Bonds as specified by the Company, on the earliest redemption date on which such redemption may be made under the applicable provisions of the Indenture. Except as otherwise provided in said subsections (c) and (d) of Section 4.3 hereof4.3, such notice must be received by the Issuer and the Trustee prior to the first date on which the Issuer would be required to give notice to the Trustee or to take any other action in respect to the Issuer's right to effect the redemption of Bonds pursuant to the appropriate provision of the Indenture.

Notice of Prepayments; Issuer to Effect Redemption. If the Company shall be required or determines to make any payments, or cause any payments to be made, pursuant to subsections (a), (b), (c) or (d) of Section 4.3 hereof4.3, it shall give notice In in writing of such intention to the Issuer and the Trustee, which notice shall state the provisions of the Indenture under which the Issuer is to apply such payment. In such event or in the event that moneys in the Bond Fund in respect of the Project Bonds are sufficient to redeem all the Project Bonds then outstanding under the Indenture and to pay interest to accrue thereon to the redemption date, the Issuer (or the Company upon the request and on behalf of the Issuer) will, but only upon the direction of the Company, forthwith take all steps that may be necessary to effect the redemption of all or part of the then outstanding Project Bonds as specified by the Company, on the earliest redemption date on which such redemption may be made under the applicable provisions of the Indenture. Except as otherwise provided in said subsections (c) and (d) of Section 4.3 hereof4.3, such notice must be received by the Issuer and the Trustee prior to the first date on which the Issuer would be required to give notice to the Trustee or prior to take any other action in respect to the Issuer's right to In effect the redemption of a Bonds pursuant to the appropriate provision of the Indenture.

Notice of Prepayments; Issuer to Effect Redemption. If the Company shall be required or determines to make any payments, or cause any payments to be made, pursuant to subsections (a), (b), (c) or (d) of Section 4.3 hereof4.3, it shall give notice In in writing of such intention to the Issuer and the Trustee, which notice shall state the provisions of the Indenture under which the Issuer is to apply such payment. In such event or in the event that moneys in the Bond Fund in respect of the Project Bonds are sufficient to redeem all the Project Bonds then outstanding under the Indenture and to pay interest to accrue thereon to the redemption date, the Issuer (or the Company upon the request and on behalf of the Issuer) will, but only upon the direction of the Company, forthwith take all steps that may be necessary to effect the redemption of all or part of the then outstanding Project Bonds as specified by the Company, on the earliest redemption date on which such redemption may be made under the applicable provisions of the Indenture. Except as otherwise provided in said subsections (c) and and, (d) of Section 4.3 hereof4.3, such notice must be received by the Issuer and the Trustee prior to the first date on which the Issuer would be required to give notice to the Trustee or to take any other action in respect to the Issuer's right to effect the redemption of Bonds pursuant to the appropriate provision of the Indenture.