Common use of Optional Prepayment of Loan; Concurrent Bond Redemption Clause in Contracts

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 Bonds is subject to prepayment on or after September 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 Bonds is subject to prepayment without premium or penalty at any time on or after December 1, 2016, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 Bonds on or after September 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 Bonds on or after December 1, 2016, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 F-1 Bonds is subject to prepayment on or after September December 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 F-2 Bonds is subject to prepayment without premium or penalty at any time on or after December March 1, 20162017, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 F-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 F-1 Bonds on or after September December 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 F-2 Bonds on or after December March 1, 20162017, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 H-1 Bonds is subject to prepayment on or after September January 1, 20302031, and the portion of the Loan made from proceeds of the Series A-2 H-2 Bonds is subject to prepayment without premium or penalty at any time on or after December April 1, 20162017, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 H-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 H-1 Bonds on or after September January 1, 20302031, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 H-2 Bonds on or after December April 1, 20162017, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least tenten (10) days prior written notice of the prepayment and redemption of the Series H-2 Bonds. The Loan is not otherwise subject to optional prepayment by the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 E-1 Bonds is subject to prepayment on or after September December 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 E-2 Bonds is subject to prepayment without premium or penalty at any time on or after December March 1, 20162017, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 E-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 E-1 Bonds on or after September December 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 E-2 Bonds on or after December March 1, 20162017, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 C-1 Bonds is subject to prepayment on or after September 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 C-2 Bonds is subject to prepayment without premium or penalty at any time on or after December 1, 2016, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 C-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 C-1 Bonds on or after September 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 C-2 Bonds on or after December 1, 2016, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 B-1 Bonds is subject to prepayment on or after September 1, 2030203_, and the portion of the Loan made from proceeds of the Series A-2 B-2 Bonds is subject to prepayment without premium or penalty at any time on or after December 1, 2016201_, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 B-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 B-1 Bonds on or after September 1, 2030203_, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 B-2 Bonds on or after December 1, 2016201_, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 G-1 Bonds is subject to prepayment on or after September December 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 G-2 Bonds is subject to prepayment without premium or penalty at any time on or after December March 1, 20162017, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 G-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 G-1 Bonds on or after September December 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 G-2 Bonds on or after December March 1, 20162017, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 Bonds is subject to prepayment on or after September 1, 2030203_, and the portion of the Loan made from proceeds of the Series A-2 Bonds is subject to prepayment without premium or penalty at any time on or after December 1, 2016201_, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 Bonds on or after September 1, 2030203_, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 Bonds on or after December 1, 2016201_, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

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Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 B-1 Bonds is subject to prepayment on or after September January 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 B-2 Bonds is subject to prepayment without premium or penalty at any time on or after December April 1, 2016, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 B-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 B-1 Bonds on or after September January 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 B-2 Bonds on or after December April 1, 2016, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least tenten (10) days prior written notice of the prepayment and redemption of the Series B-2 Bonds. The Loan is not otherwise subject to optional prepayment by the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 B-1 Bonds is subject to prepayment on or after September 1, 2030, and the portion of the Loan made from proceeds of the Series A-2 B-2 Bonds is subject to prepayment without premium or penalty at any time on or after December 1, 2016, in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 B-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 B-1 Bonds on or after September 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 B-2 Bonds on or after December 1, 2016, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 E-1 Bonds is subject to prepayment on or after September [October 1, 2030], and the portion of the Loan made from proceeds of the Series A-2 E-2 Bonds is subject to prepayment without premium or penalty at any time on or after December [January 1, 20162017], in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 E-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 E-1 Bonds on or after September [October 1, 2030], and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 E-2 Bonds on or after December [January 1, 20162017], provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

Optional Prepayment of Loan; Concurrent Bond Redemption. (a) The portion of the Loan made from proceeds of the Series A-1 D-1 Bonds is subject to prepayment on or after September [October 1, 2030], and the portion of the Loan made from proceeds of the Series A-2 D-2 Bonds is subject to prepayment without premium or penalty at any time on or after December [January 1, 20162017], in order to effect the redemption of the related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, in whole or in part at the times and at the redemption prices as set forth in Section 4.02 of the Indenture plus interest accrued and unpaid to the redemption date of the Bonds. The consent of the Significant Bondholder is required only with respect to a redemption, in whole or in part, of the Series A-1 D-1 Bonds, and shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The consent of the Significant Bondholder is not required for the prepayment of the portion of the Loan funded with the Series A-1 D-1 Bonds on or after September [October 1, 2030], and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 D-2 Bonds on or after December 1, 2016, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten

Appears in 1 contract

Samples: Loan Agreement

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