Common use of Option B - Prepayment of Basic Rent Clause in Contracts

Option B - Prepayment of Basic Rent. The County may elect to have such Net Proceeds applied to the prepayment of all of the principal component of Basic Rent, plus interest accrued to the date of prepayment set forth in Section 4.3, and after such election the Bondholder shall (upon receiving such Net Proceeds) redeem the Bond.

Option B - Prepayment of Basic Rent. The County may elect to have such the Net Proceeds payable as to any such loss of title, condemnation or taking applied to the prepayment of all of the principal component of Basic Rent, plus interest accrued to the date of prepayment set forth in as provided under Section 4.34.3 hereof, and and, after such election election, the Bondholder shall (upon receiving use such Net Proceeds to redeem the Bond or portion thereof available to be redeemed by such Net Proceeds) redeem the Bond.

Option B - Prepayment of Basic Rent. The County may elect to have such Net Proceeds applied to the prepayment of all of the principal component of Basic Rent, plus interest accrued to the date of prepayment set forth in Section 4.3, and after such election the Bondholder shall (upon receiving such Net Proceeds) redeem all of the BondBonds outstanding relating thereto.