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 1, 20 , 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 1, 20 , in order to effect the redemption of the Bonds under Section 4.02 of the Indenture at the option of the Borrower, with the prior written consent of the Significant Bondholder, 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 shall be given so long as the Borrower has complied with the applicable provisions of the Notes with respect to such prepayment. The Loan is not otherwise subject to optional prepayment by the Borrower. (b) To effect optional prepayment of the Loan and redemption of the Bonds as contemplated in subparagraph (a) above, the Borrower shall deliver to the Trustee, at least five days prior to the date on which notice of prepayment of the Bonds is required to be sent to Owners specifying the date on which Bonds are subject to redemption under said Section, a written certificate of the Borrower stating that the Borrower is prepaying the Loan pursuant to this Section 4.05, which notice may state that such prepayment may be conditioned upon the Trustee’s receipt of moneys sufficient to effect such prepayment. The certificate from the Borrower shall certify the following: (i) the principal amount of the Loan to be prepaid, (ii) that the amount to be prepaid on the Loan shall be credited to redemption of the Bonds by the Trustee pursuant to Section 4.02 of the Indenture, and (iii) the date for redemption of the Bonds.

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 January 1, 20 2031, 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 April 1, 20 2017, in order to effect the redemption of the Bonds related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, with the prior written consent of the Significant Bondholder, 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 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 H-1 Bonds on or after January 1, 2031, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series H-2 Bonds on or after April 1, 2017, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten (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. (b) To effect optional prepayment of the Loan and redemption of the Bonds as contemplated in subparagraph (a) above, the Borrower shall deliver to the Trustee, at least five days prior to the date on which notice of prepayment of the Bonds is required to be sent to Owners specifying the date on which Bonds are subject to redemption under said Section, a written certificate of the Borrower stating that the Borrower is prepaying the Loan pursuant to this Section 4.05, which notice may state that such prepayment may be conditioned upon the Trustee’s receipt of moneys sufficient to effect such prepayment. The certificate from the Borrower shall certify the following: (i) the principal amount of the Loan to be prepaid, (ii) that the amount to be prepaid on the Loan shall be credited to redemption of the Bonds by the Trustee pursuant to Section 4.02 of the Indenture, and (iii) the date for redemption of the Bonds.

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 [ 1, 20 ], 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 [ 1, 20 ], in order to effect the redemption of the Bonds related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, with the prior written consent of the Significant Bondholder, 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 [ 1, 20 ], and the consent of the Significant Bondholder is not required for the redemption in whole of the Series A-2 Bonds on or after [ 1, 20 ], provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten (10) days prior written notice of the prepayment and redemption of the Series A-2 Bonds. The Loan is not otherwise subject to optional prepayment by the Borrower. (b) To effect optional prepayment of the Loan and redemption of the Bonds as contemplated in subparagraph (a) above, the Borrower shall deliver to the Trustee, at least five days prior to the date on which notice of prepayment of the Bonds is required to be sent to Owners specifying the date on which Bonds are subject to redemption under said Section, a written certificate of the Borrower stating that the Borrower is prepaying the Loan pursuant to this Section 4.05, which notice may state that such prepayment may be conditioned upon the Trustee’s receipt of moneys sufficient to effect such prepayment. The certificate from the Borrower shall certify the following: (i) the principal amount of the Loan to be prepaid, (ii) that the amount to be prepaid on the Loan shall be credited to redemption of the Bonds by the Trustee pursuant to Section 4.02 of the Indenture, and (iii) the date for redemption of the Bonds.

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 January 1, 20 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 April 1, 20 2016, in order to effect the redemption of the Bonds related Series of Bonds, as applicable, under Section 4.02 of the Indenture at the option of the Borrower, with the prior written consent of the Significant Bondholder, 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 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 B-1 Bonds on or after January 1, 2030, and the consent of the Significant Bondholder is not required for the redemption in whole of the Series B-2 Bonds on or after April 1, 2016, provided in either case, Borrower shall have provided Trustee and Significant Bondholder at least ten (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. (b) To effect optional prepayment of the Loan and redemption of the Bonds as contemplated in subparagraph (a) above, the Borrower shall deliver to the Trustee, at least five days prior to the date on which notice of prepayment of the Bonds is required to be sent to Owners specifying the date on which Bonds are subject to redemption under said Section, a written certificate of the Borrower stating that the Borrower is prepaying the Loan pursuant to this Section 4.05, which notice may state that such prepayment may be conditioned upon the Trustee’s receipt of moneys sufficient to effect such prepayment. The certificate from the Borrower shall certify the following: (i) the principal amount of the Loan to be prepaid, (ii) that the amount to be prepaid on the Loan shall be credited to redemption of the Bonds by the Trustee pursuant to Section 4.02 of the Indenture, and (iii) the date for redemption of the Bonds.