Common use of Obligations Payable on Redemption Date Clause in Contracts

Obligations Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Obligations so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Obligations shall cease to bear interest. Upon surrender of any such Obligation for redemption in accordance with such notice or compliance with such other terms as may be provided in any Supplemental Indenture relating thereto, such Obligation shall be paid by the Company at the Redemption Price. Installments of interest with a Stated Maturity on or prior to the Redemption Date shall be payable to the Holders of the Obligations registered as such on the relevant Record Dates according to the terms of such Obligations and the provisions of Section 3.09. If any Obligation called for redemption shall not be so paid upon surrender thereof for redemption or as otherwise provided under Section 12.07 in lieu of surrender, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Obligation.

Appears in 3 contracts

Samples: Indenture (Old Dominion Electric Cooperative), Indenture (Old Dominion Electric Cooperative), Indenture (Old Dominion Electric Cooperative)

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Obligations Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Obligations so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Obligations shall cease to bear interest. Upon surrender of any such Obligation for redemption in accordance with such said notice or compliance with such other terms as may be provided in any Supplemental Indenture relating thereto, such Obligation shall be paid by the Company at the Redemption Price. Installments of interest with a Stated Maturity on or prior to the Redemption Date shall be payable to the Holders of the Obligations registered as such on the relevant Record Dates according to the terms of such Obligations and the provisions of Section 3.093.9. If any Obligation called for redemption shall not be so paid upon surrender thereof for redemption or as otherwise provided under Section 12.07 12.7 in lieu of surrender, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Obligation.

Appears in 1 contract

Samples: Indenture (Chugach Electric Association Inc)

Obligations Payable on Redemption Date. Notice of redemption having been given and the deposit of the redemption price having being made as aforesaid, the Obligations so to be redeemed shall, shall on the Redemption Dateredemption date, become due and payable at the Redemption Price price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Obligations shall cease to bear interest. Upon surrender of any such Obligation for redemption in accordance with such notice or compliance with such other terms as may be provided in any Supplemental Indenture relating theretosaid notice, such Obligation shall be paid by the Company Issuer at the Redemption Priceredemption price. Installments of interest with a whose Stated Maturity is on or prior to the Redemption Date redemption date shall be payable to the Holders Owners of the such Obligations registered as such on the relevant Record Dates according to the terms of such Obligations and the provisions of Section 3.09their terms. If any Obligation called for redemption shall not be so paid upon surrender thereof for redemption or as otherwise provided under Section 12.07 in lieu of surrenderredemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date redemption date at the rate prescribed therefor in borne by the Obligation.

Appears in 1 contract

Samples: Trust Indenture

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Obligations Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Obligations so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Obligations shall cease to bear interest. Upon surrender of any such Obligation for redemption in accordance with such notice or compliance with such other terms as may be provided in any Supplemental Indenture relating theretosaid notice, such Obligation shall be paid by the Company at the Redemption Price. Installments of interest with a Stated Maturity on or prior to the Redemption Date shall be payable to the Holders of the Obligations registered as such on the relevant Record Dates according to the terms of such Obligations and the provisions of Section 3.093.9. If any Obligation called for redemption shall not be so paid upon surrender thereof for redemption or as otherwise provided under Section 12.07 14.7 in lieu of surrender, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Obligation.

Appears in 1 contract

Samples: Oglethorpe Power Corp

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